November 2023 - Page 4 of 244 -

Will The Gold Price Shift As Two Great Titans Leave Us?

Nov 30, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels For much of November gold has been on a tear and this week investors have sent it way up, punching past $2000. Will these giddy heights of over $2,000 be how gold chooses to see out month-end? At the time of writing we cannot be sure. Yesterday prices did soften ever so slightly but […]

Business Cycle Indicators As Of End-November

Nov 30, 2023 Jeremy Parkinson Finance 0

On the last day of the month, we see m/m personal income and consumption coming out at consensus. Here’s the picture of the key indicators followed by the NBER BCDC (of which personal income ex transfers and employment are key), along with SPGMI’s monthly GDP.Figure 1: Nonfarm Payroll employment incorporating preliminary benchmark (bold dark blue), civilian […]

Decoding Market Disconnects

Nov 30, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels In the early months of 2023, recession fears loomed large, and the world later faced geopolitical turmoil with conflicts still standing in Ukraine and the Middle East. Despite this, the S&P surged approximately 15%, and the Nasdaq skyrocketed by 30%.Join James Connor of Bloor Street Capital and Michael Gayed, Portfolio Manager at Tidal Financial […]

Bank Of Canada Preview: Dovish Pressure Mounting

Nov 30, 2023 Jeremy Parkinson Finance 0

The Bank of Canada is set to leave the policy rate unchanged at 5% next week, but the commentary is turning more dovish and we expect the BoC to start cutting in 2Q24. Markets are already positioned for BoC easing next year, and there is modest room for a hawkish (although short-lived) market reaction. CAD […]

Macro: Advanced GDP Numbers

Nov 30, 2023 Jeremy Parkinson Finance 0

Image source: Pixabay All advanced series released by the Census Bureau corroborate the same Q4 weakness seen in the advanced durable goods number from last week.GDPNow and almost all of the data is indicating a slowdown from a strong Q3. Advanced data for wholesale and retail inventories and the trade deficit in goods all point to […]

Updates For Autodesk, Zscaler, And Workday

Nov 30, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Q3 reports are slowing down to a trickle, but there are still a few more followed stocks reporting. In this article, we’ll take a brief look at earnings from Autodesk, Zscaler, and Workday. Autodesk (ADSK) Autodesk is a steady, reliable performer, and that was again the case for the third quarter of 2023. […]

Inflationary Expectations Do Not Cause Inflation

Nov 30, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Many economists believe that inflationary expectations cause general increases in prices. For instance, if there is a sharp increase in oil prices, people will form higher inflationary expectations that set in motion general increases in the prices of other goods and services. According to the former Federal Reserve chairman Ben Bernanke, “Undoubtedly, the state of […]

Hoot Of The Day: Biden Creates A New Economic Council On Supply Chains

Nov 30, 2023 Jeremy Parkinson Finance 0

Don’t we have enough government meddling and useless bureaucracy already? I guess not. The list of agencies involved in Biden’s new announcement is stunning.Supply chain data from New York Fed download, chart by Mish Understanding the GSCPIHave you heard of the GDCPI? Unless you are a real economic data geek you probably haven’t. I haven’t […]

Continuing Claims Brutal Rise Continues

Nov 30, 2023 Jeremy Parkinson Finance 0

Initial jobless claims experienced a 22K drop last week (after a 2K upward revision this week), the largest one-week decline since June 24th. Claims experienced a modest rebound in the most recent print rising back to 218K. At that level, claims are in the middle of the past couple of year’s range which is also […]

Silver Price Analysis: XAG/USD Soars And Breaks Above $25.00, Hits Four-Month High

Nov 30, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Silver climbs above the $25.00 figure for the first time since August and reaches a four-month high of $25.25, even though US Treasury bond yields and the US Dollar (USD) post solid gains. Nevertheless, the grey metal rises more than 0.70%, exchanging hands above the $25.10 area.The XAG/USD resumed its uptrend after pausing on […]