Consumer Stress Is Evident In The Declining Price Of New Homes
Mar 25, 2024Jeremy Parkinson0
New Home Sales Prices from the Commerce Department, chart by Mish. New Home Sales Key Points The average sales price peaked at $568,700 in December of 2022. The median sales price peaked at $498,800 in October of 2022. The average sales price in February of 2024 is $485,000. That’s a decline of 14.7 percent, $83,700 […]
Rates Spark: Starting The Week With Pushback
Mar 25, 2024Jeremy Parkinson0
The dovish momentum of last week is starting to see some pushback. Supply and a likely still-too-hot core-PCE reading looming on Friday can justify it. But they were well flagged and the consensus for the PCE sits relatively firm. It is likely that market conditions ahead of Easter and a long month-end are behind some of the market movement.Image Source: Pixabay […]
China Has Taken Over Gold Price Control From The West
Mar 25, 2024Jeremy Parkinson0
China is leading the dance in the gold market.Exceptional strong gold demand from both the Chinese central bank and private sector has been driving up the gold price over the past two years, by which they have taken over control over the gold price from the West. The People’s Bank of China (PBoC) bought a […]
Stocks And Precious Metals Charts – Minor Losses
Mar 25, 2024Jeremy Parkinson0
Stocks were trading weakly but managed to take only minor losses in another ranging wobbly day.The VIX came in higher but then fell as the day went on.The Dollar lost some ground.Gold came in off an overnight rally, but gave up a chunk of its gains in the NY trading hours.Silver not so much.We will […]
$27 Trillion In Debt And Rising Fast: Are Treasury Yields Heading To 5% Or 3%?
Mar 25, 2024Jeremy Parkinson0
Interest rates matter. A lot. Depending on their level, interest rates can stimulate or restrict economic growth. The level of interest rates is also crucial in the valuation of financial assets.Currently, there is a lot of disagreement about where interest rates are going. The 10-year treasury currently yields 4.25%. Some investors see it going back […]
Waiting For The All Clear On PCE And Earnings Season?
Mar 25, 2024Jeremy Parkinson0
Image Source: Pixabay MARKETSU.S. stocks traded cautiously on Monday as the holiday-shortened week began, with investors hesitating to increase their risk exposure ahead of critical inflation data. Although all three major U.S. indices recovered from their intraday lows, the overall sentiment remained subdued. After a strong performance last week, investors may be taking a hiatus and […]
Market Talk – Monday, March 25
Mar 25, 2024Jeremy Parkinson0
ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 474.31 points or -1.16% to 40,414.12 Shanghai decreased 21.73 points or -0.71% to 3,026.31 Hang Seng decreased 25.83 points or -0.16% to 16,473.64 ASX 200 increased 41.30 points or 0.53% to 7,811.90 Kospi decreased 10.99 points or -0.40% to 2,737.57 SENSEX closed […]
Can Intel And AMD Compete With Nvidia?
Mar 25, 2024Jeremy Parkinson0
Image courtesy of 123rf.com Within a single year, Nvidia (Nasdaq: NVDA) gained a 260% valuation boost, increasing its market cap by $1.6 trillion. That is more than double the combined market cap of Nvidia’s three closest competitors: AMD, Intel, and Qualcomm.By outgrowing its video gaming roots into a data center supplier, Nvidia deftly scooped the hype spilling from […]
Dow Drops 162 Points As Investor Optimism Fades
Mar 25, 2024Jeremy Parkinson0
The Dow shed more than 160 points on Monday, while the Nasdaq and S&P 500 also kicked off the holiday-shortened week with losses. Much of the optimism surrounding potential interest rate cuts has faded, with the chip sector also taking a breather after China said it would block the use of Intel (INTC) and Advanced Micro Devices (AMD) chips in […]
Measuring Fed Inflation Credibility
Mar 25, 2024Jeremy Parkinson0
Image Source: Pixabay What do households (not economists) think inflation will be in three years? I use the deviation of forecast from target as a proxy measure for credibility regarding inflation.Figure 1: Median 3 year CPI inflation forecast (black), 25th, 75th percentile (gray), in %. CPI inflation consistent with 2% PCE inflation target (red dashed line). NBER […]