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Updated: 55 min 38 sec ago

Real Wages, Through December

Tue, 01/16/2024 - 13:00
Average wage for production and nonsupervisory workers in total private and leisure and hospitality services, and implied by median wage growth, all up relative to 2019M12, just before the pandemic.

Higher Rates And A Dollar Breakout Sends The Stock Market Lower

Tue, 01/16/2024 - 12:49
The U.S. dollar is strong against the Canadian dollar and Mexican peso, pushing the S&P 500 lower.

FTSE Sinks To A One Month Low As The New Year Malaise Persists

Tue, 01/16/2024 - 12:38
​​​​​​​On Tuesday, London's FTSE 100 index, which is made up of top blue-chip companies, reached its lowest level in a month.

Gold Slides On Uncertain Monetary Policy Path But Downside Remains Limited

Tue, 01/16/2024 - 12:27
Gold fell over 0.7% on Tuesday amid the strengthening dollar and rising yields, as well as an uncertain Fed path.

Empire State Manufacturing Index Stunning Drop To -43.7, New Orders -49.4

Tue, 01/16/2024 - 12:17
Nearly half of the New York region manufacturers reported a decline in new orders. Did a recession just start (or about to) as everyone gave up on the idea?

What The Red Sea Crisis Could Mean For Commodity Markets

Tue, 01/16/2024 - 12:05
For commodity markets, the increased tension poses supply risks, with energy markets most vulnerable.

Smile If You Love Gold

Tue, 01/16/2024 - 11:52
With a CAPE (inflation-adjusted P/E ratio) that Icarus would have a hard time reaching, the US stock market is ripe for a major fall.

Long Term Gas Usage - And “Real” Prices Decline

Tue, 01/16/2024 - 11:39
The all-time peak of gasoline usage was in August 2019, when nearly 9.8 million barrels were used per day. The post-pandemic peak was 9.528 million in August 2021. This past summer the peak was 9.388 million barrels.

Chart Of The Day: Natural Resources - Old King Coal

Tue, 01/16/2024 - 11:27
100% technical buy signals 13 new highs and up 46.04% in the last month 141.60+ Weighted Alpha

Stocks Struggle As Bond Yields, VIX Rise

Tue, 01/16/2024 - 11:16
The Dow Jones Industrial Average is headed for its second-straight triple-digit drop, while the S&P 500 Index and Nasdaq Composite sit on both sides of breakeven midday.

Empire Collapses In Spite Of Expectations

Tue, 01/16/2024 - 11:03
Forecasts were calling for the index to improve from a reading of -14.5 in December up to -5 this month. Instead, the headline reading collapsed down to -43.7.

New Contract Lows & New Fund Shorts. The Corn & Ethanol Report

Tue, 01/16/2024 - 10:51
The USDA unloaded some surprising bearish data as funds heavily sold corn, soybeans, and soybean meal ahead of the negative data Friday, though speculators had been active sellers along with the funds.

Apple Stole A Long-Held Title From Samsung In 2023

Tue, 01/16/2024 - 10:38
AAPL is currently down about 8.0% versus its 52-week high.

Stocks And Bonds Tumble After Fed's Waller Sends Rate-Cut Odds Reeling

Tue, 01/16/2024 - 10:26
At first glance, Fed Governor Chris Waller's comments were more of the same, but it was the level of detail he added that colored the market's perceptions of hawkish.

STOXX 600 Earnings Outlook 23Q4 - Tuesday, Jan. 16

Tue, 01/16/2024 - 10:13
Fourth quarter earnings are expected to decrease 7.1% from Q4 2022. Excluding the Energy sector, earnings are expected to decrease 1.9%.

Goldman Sachs Tops Revenue Estimates On Better-Than-Expected Asset Management Results

Tue, 01/16/2024 - 10:00
Goldman Sachs reported its latest quarterly earnings.

Navigating The Dynamics Of The U.S. Dollar In 2024

Tue, 01/16/2024 - 09:51
The global currency market currently faces shifting dynamics, with the U.S. dollar strategically advancing.

Corn Is Trading At Support While Finishing Correction

Tue, 01/16/2024 - 09:40
Corn is trading at support while finishing correction from a technical perspective and by Elliott wave theory.

Commodities Are Still An Intriguing Contrarian Trade

Tue, 01/16/2024 - 09:31
Reviewing 2023 results for the major asset classes reflects a long list of winners, with one conspicuous downside outlier commodities.

Morgan Stanley Falls Short Of EPS Expectations In Q4, But Revenue Beat At $12.9B

Tue, 01/16/2024 - 09:20
Morgan Stanley sees mixed Q4 2023 results with $12.9 billion revenue and $1.5 billion net income.

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