Author Archive: Jeremy Parkinson
Bitcoin maxis could shield the market from Mt. Gox sell-off effects, suggests expert
As the Mt. Gox exchange prepares to release billions of dollars worth of Bitcoin (BTC), market analysts speculate on the potential for a sell-off that could depress Bitcoin prices. Despite these concerns, industry leaders posit that Bitcoin maximalists and long-term holders might mitigate any significant market downturn.Approximately 142,000 BTC, valued at over $9 billion, and […]
Gold Miners’ Q1’24 Preview
Image Source: Pixabay The gold stocks’ latest earnings season is just getting underway and should prove fantastic. The miners are set to report their most profitable quarter in years, primarily driven by much higher gold prices. These companies have also mostly forecast holding the line on costs, helping earnings amplify gold’s breakout surge. This sector’s strong […]
Major Indexes Eyeing Weekly Wins Across The Board
The Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) are firmly higher this afternoon, as both indexes cruise toward weekly wins, the latter’s first in five weeks and best since November 3. The tech-heavy index is also pacing for its best day since February thanks to a strong batch of Big Tech earnings.The S&P 500 […]
Intel Stock: Don’t Hold Your Breath For A Swift Recovery
Image Source: Pexels Intel Corp (Nasdaq: INTC) is down well over 35% versus its year-to-date high but a Goldman Sachs analyst still doesn’t see it as a bargain. Intel stock has limited upside from here Toshiya Hari reiterated his “sell” rating on the chipmaker this morning as “AI prioritisation continued to weigh on traditional server demand”. He […]
Q1 Updates For Visa, Chipotle, And ServiceNow
Image Source: Pixabay With Q4 / fiscal year reports always delayed, the gap between those and Q1 reports always seems really short. And here we are already, back into Q1 earnings season! We have our first batch of reports to cover today, so let’s get into it. Visa (V) Q1 Visa is a great example of […]
If 10-Year Yields Surpass 5%, Say Hello To QE (And Massive Inflation)
Image source: Pixabay The wizards at the Fed and US Treasury have been forced to acknowledge that their “transitory,” inflation is, in fact, quite “sticky”. And with the inflation elephant now acknowledged by the circus of high finance, Treasury yields keep inching up, recently reaching 4.7% — the highest since November. The Fed is stuck: It needs to raise interest rates to tame […]
Marathon Digital’s hash rate is pulling ahead of expectations a week after the halving
Marathon Digital, a Bitcoin mining firm based in Florida, has announced that it is ahead of schedule on its growth plans and may achieve its hash rate target of 50 exahash per second (EH/s) by the end of 2024, a year earlier than initially anticipated.The company’s energized hash rate stood at 27.8 EH/s on March […]
Economic Reports And Reality – Total Disconnect. The Corn & Ethanol Report
We kicked off the day with Core PCE Price Index MoM & YoY, PCE Price Index MoM & YoY, Personal Income, and Personal Spending at 7:30 A.M., Michigan Consumer Sentiment Final, Michigan 5-Year Inflation Expectations Final, Michigan Consumer Expectations Final, Michigan Current Conditions Final, and Michigan Inflation Expectations Final at 9:00 A.M., and Baker Hughes […]
Personal Spending Jumps More Than Income In March
Consumers went on a bit of a spending spree in March according to the BEA’s Personal Income and Outlays Report. Income Disposable personal income (DPI), personal income less personal current taxes, increased $104.0 billion (0.5 percent) and personal consumption expenditures (PCE) increased $160.9 billion (0.8 percent). Real DPI increased 0.2 percent in March and real PCE increased 0.5 percent; goods increased 1.1 percent […]
S&P 500 Earnings Dashboard 24Q1 – Friday, April 26
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 8.7%. If the energy sector is excluded, the growth rate for the index is 8.5%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
