3 Top-Ranked, Market-Beating Stocks To Buy
Mar 23, 2024Jeremy Parkinson0
The S&P 500 and the Nasdaq ripped higher after the Fed signaled on Wednesday that three interest rate cuts were still on the table in 2024. Wall Street is now more hopeful about rate cuts starting in June or July vs. September or beyond.Of course, healthy pullbacks will be thrown in throughout 2024. But as […]
US. Crude Oil Export Surged To New Record In 2023
Mar 23, 2024Jeremy Parkinson0
Fresh on the heels of a new U.S. oil production record and establishment of the U.S. as the world’s top liquefied natural gas (LNG) exporter, this week the Energy Information Administration reported that the U.S. exported a record amount of crude oil in 2023.The U.S. has exported small amounts of crude oil for over 100 years, despite being a net importer […]
Canadian Dollar Stumbles Further Versus Greenback Despite Above-forecast Retail Sales On Friday
Mar 23, 2024Jeremy Parkinson0
The Canadian Dollar (CAD) shed further weight against the US Dollar (USD) on Friday as market participants readjust their Greenback exposure in quiet Friday trading. Investors have pared back nearly all of the gains made during the midweek splurge sparked by rate cut bet hopes after the Federal Reserve (Fed) nodded toward higher odds of […]
AUD/JPY Price Analysis: Bearish Pressure Intensifies, Sellers Eye The 20-Day SMA
Mar 23, 2024Jeremy Parkinson0
The AUD/JPY pair is currently trading at 98.60, showing a substantial decrease of nearly 1%. Despite this decline, the broader trend continues to show positivity, with bulls maintaining their control. In addition, as the downward movements might be over-extended, the pair may enter a consolidation phase.On the daily chart, the technical outlook for the AUD/JPY pair […]
Building On The Bull: Stars Align For Above-Average Returns
Mar 23, 2024Jeremy Parkinson0
This new bull market had its first birthday late last year, and the development we’ve seen as it turned two has been nothing short of remarkable. The rally has broadened out in its second year, showing strong participation as the major U.S. indices eclipse their former highs. As we’ll see, a confluence of fundamental and […]
DOJ Takes A Bite Out Of Apple As Buffett Sours On The Stock
Mar 23, 2024Jeremy Parkinson0
Apple: One of America’s Great CompaniesZacks Rank #3 (Hold) stock Apple (AAPL) stands out as one of the great American companies due to its relentless innovation, iconic design, and unwavering brand loyalty. Apple has consistently set industry standards and reshaped technology landscapes from groundbreaking products like the iPhone to its sleekly designed laptops. Its financial success, with […]
Inflation Bloodbath On The Way
Mar 23, 2024Jeremy Parkinson0
Image Source: DepositPhotosThis time Peter tackles Jerome Powell’s speech from Wednesday, in which he announced that the Fed is holding the federal funds rate between 5.25 and 5.5%. He also briefly discusses Bitcoin’s pullback and the media’s lies about Donald Trump. On Powell’s announcement, several commodities surged in price, with silver, gold, and copper performing especially well. Peter sees […]
Walmart Declines More Than Market: Some Information For Investors
Mar 23, 2024Jeremy Parkinson0
Image Source: DepositPhotosWalmart (WMT) closed the latest trading day at $60.87, indicating a -0.94% change from the previous session’s end. This move lagged the S&P 500’s daily loss of 0.14%. Meanwhile, the Dow experienced a drop of 0.77%, and the technology-dominated Nasdaq saw an increase of 0.17%.Coming into today, shares of the world’s largest retailer […]
Wisconsin Employment In February: Continued Growth
Mar 23, 2024Jeremy Parkinson0
Employment still outstripping the November Wisconsin DoR forecast, based on SPGMI national outlook. Figure 1: Wisconsin nonfarm payroll employment (black), DoR forecast (tan +), implied from SPF forecast, 000’s, s.a. Source: DWD, Wisconsin Dept. of Revenue (Nov.), SPF and author’s calculations.The Wisconsin Economic Outlook forecast from November was based on the slowdown at the national level built into […]
New Zealand Falls Into Second Recession In 18 Months
Mar 23, 2024Jeremy Parkinson0
Image Source: DepositPhotosNew Zealand’s government reveals that the country is facing its second recession in less than 18 months. New Zealand’s economic declineDuring the October-December period, New Zealand experienced a 0.1% decrease in its GDP, following a 0.3% decline in its third quarter. As per government reports, the economy saw a 0.7% decline on a per capita […]