Category Archive: Finance
No New Orders And No Spending In The Empire State
Among this morning’s data releases was another weak NY Fed manufacturing report. The Empire State Manufacturing Survey’s headline reading came in at -15.6. That compares to -14.3 for April and expectations of an improvement to -10. That miss relative to forecasts means the indicator has been weaker than expected three months in a row. The […]
Is Starbucks A Buying Opportunity After Q1 Earnings Or A Stock In Decline
Image courtesy of 123rf.com Since the start of the year, Starbucks (Nasdaq: SBUX) has lost $23.2 billion in market value. The coffeehouse chain’s stock suffered a particularly steep drop on April 30th after the release of Q2 2024 earnings. This period contributed most to Starbucks’s value drain, accounting for a $14.3 billion reduction in market cap. With a […]
2024 Set For Large Solar Increases In U.S., China, And India
Image Source: Pixabay The Silver Institute continues to report the silver market in a significant deficit for the 5th consecutive year, with the growth in solar panels being one of the main drivers.And while there are some who have suggested we may finally begin to see solar production growth rates slow, the latest data shows the […]
Mastercard And Standard Chartered Bank Hong Kong Tests Tokenised Deposits
Image Source: Pexels Mastercard (NYSE: MA) and Standard Chartered Bank Hong Kong (SCBHK) have successfully completed the first live test of tokenised deposits using blockchain technology within Hong Kong’s fintech sandbox.This initiative marks a significant step forward in exploring the potential of blockchain in revolutionising banking transactions and asset management. Tokenised deposits using Mastercard’s Multi-Token Network The successful […]
Stocks Rally On Post CPI Volatility Crush
Image Source: Pexels The CPI had no major surprises, leading to a post-CPI volatility crush.Video Length: 00:10:01More By This Author:The Hot PPI Report Is Creates Volatility Ahead Of CPI Report The Stocks Market’s Advance Stopped Ahead Of Massive Week Of Data Expect Market Volatility To Expand Meaningfully The Week Of May 13, 2024
The Grain That Feeds The World Is At Risk Of An Upside Breakout
Image Source: Unsplash Rice is a staple food for over 3.5 billion people worldwide, especially in Asia, Latin America, and Africa. It’s grown in over 100 countries, with 90% of the world’s rice produced in Asia. We have been tracking the prices of Thai white rice, which surged to 15-year highs in 2023 and has since consolidated at […]
Not Buying In Stores, But In Markets
Image Source: Pexels When good news is good news AND bad news is good news, that’s the sign that momentum rules. This morning we got a bit of both simultaneously and markets love it.On the good news front, CPI was indeed modestly market-friendly. The headline reading on a month-over-month basis rose 0.3%, better than the 0.4% […]
Soaring Inflation Is Making Home And Car Insurance Unaffordable
Image Source: Unsplash American car owners are facing a wall of bad debt to finance vehicles they can’t afford — especially pandemic buyers who took on huge loans to buy overpriced used vehicles that are now depreciating in value. With inflation running hot and poised to get even hotter if the Fed is forced to cut rates, it turns out that Americans can’t afford […]
Structural Change And Valuation: Implications For Future Stock Returns
Image Source: Pexels With stock prices at near-record highs relative to measures like earnings or cash flow, many leading analysts have predicted meager returns over the next decade. Some have even suggested the return on the S&P 500 could be negative over the upcoming decade. Others have raised the possibility of a short-term collapse of 20% […]
China Holds MLF Rate At 2.50%, Eyes Economic Stability
Image Source: Unsplash China’s central bank, the People’s Bank of China (PBOC), has decided to maintain its key policy rate. The medium-term lending facility (MLF) rate is at 2.50% as it rolls over maturing MLF loans worth 125 billion yuan ($17.28 billion). This decision aligns with market expectations and reflects the central bank’s strategy to stabilise the currency […]
