Category Archive: Finance, No picture
Rates Spark: Diverging ECB Views Increases Uncertainty
ECB comments on the path beyond June have become more dispersed, with the hawks warning it is premature to discuss cuts beyond June, while some doves now flag more than 100bp of cuts as a possibility. To us this implies the outlook beyond June is less anchored overall, meaning it could be more prone to correct higher near-term […]
Stocks And Precious Metals Charts – A ‘Relief Rally’
Stocks rallied today, in what may reasonably be termed a ‘relief rally’ from a short-term oversold condition.Gold and silver were sold, as there will be an option expiration for the precious metal futures contracts this coming Thursday the 25th.VIX fell.The Dollar chopped sideways.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – […]
Here’s What You’ve Got To Watch For As Earnings Ramp Up
↵Image Source: Pexels Stocks rallied back strongly today after shaving off more than 1% last week, but the buying fizzled heading into the close. It was gold, which until recently had been rock-solid, that took the biggest hit as traders took profits. But the question on every trader’s mind right now has to be: “Can we […]
Dow Marks 253-Point Win; Nasdaq, S&P 500 Snap Losing Streaks
Stocks kicked off the week on a positive note, recovering some of last week’s losses. The Dow scored a 253-point win, while the S&P 500 and Nasdaq snapped their six-day losing streaks with strong gains as well. Elsewhere, Nvidia (NVDA) bounced back from last week’s slide, adding 4.4% for the session, while oil prices dropped amid easing […]
Market Talk – Monday, April 22
ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 370.26 points or 1.00% to 37,438.61 Shanghai decreased 20.67 points or -0.67% to 3,044.60 Hang Seng increased 287.55 points or 1.77% to 16,511.69 ASX 200 increased 81.90 points or 1.08% to 7,649.20 Kospi increased 37.58 points or 1.45% to 2,629.44 SENSEX increased […]
The ‘Mag Seven’ Components Take Big Hits As Boring May Becoming Beautiful
Image Source: Unsplash — Friday’s trade makes you wonder if the game is not over for the “Magnificent Seven”.— There appears to be a real divergence going on between those stocks that are considered economically sensitive and those previously considered ‘bullet proof’ – Big Tech.— The market seems to finally be getting comfortable that the Fed message of […]
The Value Of The Chinese Yuan: Down 15% Since 2022M03
There’s been a lot of discussion of overcapacity in Chinese production, and the resulting pressures in the US and other markets. Here’s a picture of the Chinese real exchange rates.Figure 1: China trade weighted CPI deflated real exchange rate (blue), and US-China bilateral CPI deflated real exchange rate (tan), in logs. Up denotes increase in value […]
Ford Gears Up To Report Q1 Earnings: What’s In The Cards?
↵Image Source: Unsplash Ford (F – Free Report) is slated to release first-quarter 2024 results on Apr 24, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s sales and earnings is pegged at $40.64 billion and 42 cents per share, respectively.The bottom-line projection implies a year-over-year decline of 33.33%. The Zacks Consensus Estimate for Ford’s first-quarter earnings per […]
3 Smaller Tech Stocks To Buy As Focus Shifts From Megacaps
Image courtesy of 123rf.com The macro landscape shifted dramatically since the March 2020 stock market crash. Magnificent Seven stocks became a hybrid growth hedge after the Fed’s unprecedented intervention to flood the economy with money, rampant inflation, and the resultant hiking cycle.Holding these stocks, Roundhill’s Magnificent Seven ETF (MAGS) returned 10% year-to-date, vs the broader S&P 500 (SPX) […]
Asset Price Volatility Is Suddenly Higher Than Markets Are Prepared For
Image Source: Pexels On the famous fear/greed index, after spending most of the past year and half in “greed”, we’ve suddenly switched to “fear” over a very short time frame.The S&P has broken below both its 20 and 50 Daily Moving Averages.Inflation printed hotter than expected, making Wall Street start to doubt the Federal Reserve’s ability to […]
