Stocks And Precious Metals Charts – Soft CPI
May 15, 2024
Jeremy Parkinson
Finance
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 […]
Markets Rip Higher, But Inflation Is Far From Dead
May 15, 2024
Jeremy Parkinson
Finance, No picture
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
May 15, 2024
Jeremy Parkinson
Finance, No picture
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
May 15, 2024
Jeremy Parkinson
Finance
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
May 15, 2024
Jeremy Parkinson
Finance, No picture
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
May 15, 2024
Jeremy Parkinson
Finance
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
May 15, 2024
Jeremy Parkinson
Finance, No picture
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
May 15, 2024
Jeremy Parkinson
Finance, No picture
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 […]
Rates Spark: Yields Remain Vulnerable To A Reversion Higher Ahead
May 15, 2024
Jeremy Parkinson
Finance, No picture
US CPI came in at consensus, averting a scare that the number would turn out higher. Retail sales came in significantly weaker than expected, bringing down yields. There is a viable narrative of macro slowdown, but the inflation data remain too hot still. Market yields remain vulnerable to retracement higher until a material taming in […]
October Of 2024 Will Be Crucial Month For Cryptocurrency Investors
May 15, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash In this article, we analyze trends in blue-chip cryptocurrencies BTC and ETH. Both are leading indicators of the crypto markets, and there is a different reason why October of 2024 is crucial for BTC, ETH, and consequently for the entire crypto market.The summary: Bitcoin’s time/price analysis gives us October 14th, 2024, as a […]