Dow Logs 3rd-Straight Loss As Fed Fatigue Sets In
The Dow logged its third-straight loss as stocks fell across the board Wednesday after the 10-year Treasury yield hit a five-week high following better-than-expected economic data in the U.S.
Business Cycle Indicators, Mid-January
Industrial production and manufacturing production both beat Bloomberg consensus (+0.1% vs 0%).
Microsoft Tops Apple Ahead Of Q4 Earnings: 5 ETFs To Invest
The iPhone maker lost share due to growing demand concerns, while Microsoft benefited from generative artificial intelligence (AI).
Economics Is For The Birds
There used to be a recognized academic field of “economic ornithology”, which emphasized the economic benefits of birds to agriculture, in their role reducing bugs and weeks.
Retail Sales Surge 0.6 Percent, Beating Economist’s Expectations
Economists expected a December rise in retail sales of 0.4 percent. Instead, consumers went on a spending spree. But two-thirds of that was due to inflation. Real (inflation-adjusted) sales rose 0.2 percent.
Is Wall Street Destroying The American Dream?
Is Wall Street actually buying up all the housing... or is something far worse going on?
It’s NVDA And Everything Else
Over the past five days, NVDA has exerted something of a gravitational pull on NDX and COMP:
New 2024 Lows In Miners, New Highs In The USD Index – How Profitable
Gold was after a verified breakdown below its upper rising resistance line, and now it’s also after a verified breakdown below its lower rising resistance line.
Gold And Silver Under Pressure As Banks Remain Short
After a year and rally that pushed the gold and silver prices higher, the precious metals have been off to a slow start in 2024 with both metals lower on the year.
Bull Market Trading Tip: Practice Selling
Now that we are in a nice bull market, selling a trade can be hard. After all, it the stock could keep going up.
Ballooning Credit & Rate Cuts: A Perfect Storm For Default
With consumer debt reaching record levels, the Federal Reserve contemplating rate cuts in 2024, and post-Covid inflation still yet to reach its peak, a storm is indeed brewing.
Boeing Is Down 20% Since 2024 Started, Analysts Expect Larger Downside
Boeing stock fell 20% in 2024 amid fresh challenges involving its 737 MAX model.
GBP/USD Recovers Some Ground On Hot UK CPI Despite Strong U.S. Data
GBP/USD up 0.25%, buoyed by UK's unexpected inflation increase to 4% year-on-year.
Ugly, Tailing 20Y Auction Whimpers Out Amid Bond Market Rout
The auction stopped at a high yield of 4.423%, up from 4.213% in December, and tailing the When Issued 4.415 by 0.8bps (the second consecutive tail).
VanEck To Liquidate Its Bitcoin Strategy ETF
VanEck has announced it will liquidate its Bitcoin Strategy ETF (XBTF) following the SEC's approval of spot ETFs.
Global Market Volatility Is Heating Up
Weak China economic data and hot UK inflation data are making the market reprice everything, as an overseas storm appears to be brewing.
Chart Of The Day: Cencora - Name Changed To Protect The Innocent?
Cencora, Inc. sources and distributes pharmaceutical products.
Severe Recession For U.S. Economy Could Be Ahead: Don’t Ignore Consumers
While the vast majority of economists agree that a soft landing could be ahead, it wouldn’t be wise to rule out a severe recession for the U.S. economy just yet. The chances of it are still way too high.
Gold Glows At $2029, Silver Slips: Trends & 2024 Forecasts
In the ever-evolving world of precious metals, understanding the current market trends is crucial for investors and enthusiasts alike.
Almost Everyone Is Getting The Interest Rate Outlook Wrong
The shift between commercial bank credit to "support" from excessive US Government spending is highly inflationary.