Author Archive: Jeremy Parkinson
Stocks And Precious Metals Charts – Soft CPI
The Consumer Price Index data came in soft to in-line this morning, which lit a fire under the bulls, who were eyeing the defensive short positions in the market with a gleam in their eye.And so the momentum and meme buyers were piling in, trying to grab a piece of the upward momentum which turned […]
Bitcoin rallies to $66,000 as inflation pressure eases
Bitcoin (BTC) climbed to $66,400 on Wednesday after the April Consumer Price Index (CPI) showed signs of easing inflation pressures, according to data from CoinGecko.The US Bureau of Labor Statistics reported a decrease in the CPI to 3.4% year-over-year in April, down from 3.5% in March. Similarly, the core CPI, which omits food and energy […]
Markets Rip Higher, But Inflation Is Far From Dead
Image Source: Pexels The SPX was up around $58 just before the close today. The market loved the CPI numbers (I don’t see what there is to love about them; they came in as expected but 3.4% is still high) and took us right to the upper edge of the expected move.Now, if you remember, last […]
3 High Yield REITs With Safe Dividends
Image Source: Unsplash Income investors looking for high-yield stocks with safe dividends should take a closer look at Real Estate Investment Trusts, or “REITs”.The appeal of REITs is that they provide investors with the opportunity to profit from real estate, without the need to own property.At the same time, stocks with high dividend yields often carry […]
AgMaster Report – Wednesday, May 15
JULY WHT Who would have thought it just a mere month ago – the lowly, often beat-up wht mkt emerging as the upside leader at the CBOT! But it has happened – in a short 3 wks July Wht has moved up exponentially – rallying an impressive $1.50 (5.50-7.00)! A combination of friendly fundamentals has […]
Market Talk – Wednesday, May 15
Image Source: Unsplash ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 29.67 points or 0.08% to 38,385.73 Shanghai decreased 25.87 points or -0.82% to 3,119.90 Hang Seng closed ASX 200 increased 26.90 points or 0.35% to 7,753.70 Kospi closed SENSEX decreased 117.58 points or -0.16% to 72,987.03 Nifty50 decreased 17.30 points […]
Real Retail Sales Back To Negative YoY
Here is today’s update on one of my favorite indicators: retail sales. In April they were unchanged on a nominal basis. Adjusted for inflation they declined -0.3% for the month. They are also down -6.2% from their 2021 peak and -2.9% since January 2023: On a YoY basis, they have also returned to the negative side, […]
AYR Wellness’ Q1 Financials Reveal 94% Reduction In Net Loss
Image Source: Unsplash AYR Wellness Inc. (AYRWF), a constituent in the munKNEE American Cannabis MSO Stocks Index, reported financial results for the first quarter (Q1) ended March 31, 2024 today. Unless otherwise noted, all results are presented in U.S. dollars. Q1 Financial Summary Revenue: UP 2.8% to $118.0M Adj. Gross Profit: UP 1.0% to $62.6M as a […]
Cisco Issues Upbeat Guidance Despite 13% Hit To Revenue In Q3
Image Source: Unsplash Cisco Systems Inc (Nasdaq: CSCO) is pushing to the upside in extended hours on Wednesday after reporting market-beating financial results for its third quarter. Cisco stock rallies on upbeat guidance for Q4 Investors are cheering also because the management issued upbeat guidance for the future. $CSCO now forecasts its revenue to fall between […]
Mastercard and Standard Chartered complete first live test of Multi-Token Network
Mastercard and Standard Chartered Bank Hong Kong (SCBHK) have successfully completed the first live test of Mastercard’s Multi-Token Network (MTN) within the Hong Kong Monetary Authority (HKMA) Fintech Supervisory Sandbox.The proof-of-concept pilot involved tokenizing carbon credits and performing an atomic swap between the tokenized deposit and carbon credit. According to Helena Chen, Mastercard’s managing director […]
