Category Archive: Finance, No picture
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 […]
Why A Rate-Cutting ECB Won’t Be Too Worried About The Euro
Image Source: Pixabay Markets expect the European Central Bank to start cutting interest rates next month. So, what does that mean for the value of the euro, given that we expect the Federal Reserve to only start cutting American rates in September? ING’s Francesco Pesole says that divergence is key for markets right now. But soon, […]
All Cresco Labs’ QI Financial Metrics Down Except SG&A
Image source Cresco Labs Inc. (CRLBF), a constituent in the munKNEE American Cannabis MSO Stocks Index, has released its financial results for the first quarter (Q1) ended March 31, 2024, today, as follows: Q1 Financial Highlights (The information below compares Q1 2024 with Q4 2023 and all figures are in U.S. dollars.) Net Revenue: DOWN 2.1% to $184.3M […]
Bitcoin Price Hits $65k Amid Positive CPI Data And Market Sentiment
Image courtesy of 123rf.com Bitcoin’s price touched the $65,000 barrier, trading at $64,961.60 as of 11:38 AM ET on May 15, 2024, representing a over 5% increase over the past 24 hours. The cryptocurrency’s upward trajectory follows softer-than-expected Consumer Price Index (CPI) data, signaling a positive market reaction to the latest inflation news. This surge has propelled Bitcoin […]
S&P 500, Nasdaq Hit Record Highs
The Dow Jones Industrial Average (DJI) is up xx points midday, earlier nearing an all-time high, while the S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) hit their own record highs, as the market enjoys tailwinds from yesterday’s cooler-than-expected inflation data. Bond yields are dropping in response, while April retail sales came in flat, compared […]
Thinking Of Betting On Gold Miners? Why Barrick Gold Shouldn’t Be Your Pick
Image Source: Pixabay In the realm of gold mining, Barrick Gold Corporation (NYSE: GOLD) stands as a prominent figure, its fortunes often seen as a barometer for the industry’s health. However, recent times have witnessed a puzzling narrative unfold. While the price of gold surged from $1,800 to nearly $2,400 between mid-2020 and now, Barrick Gold’s stock journeyed […]
Identifying Economic Moats Using A Quantitative Lens: The S&P 500 Economic Moat Index
Image Source: Pexels Popularized by Warren Buffett, the term economic moat refers to a company’s sustainable competitive advantage that allows it to preserve market share and generate high profits over the long term. In this analogy, companies are compared to medieval castles surrounded by deep and wide moats, which protected the castles from attack.In the same […]
