Image Source: DepositPhotosPatria Investments Ltd (PAX) is a private markets investment firm. It seeks to provide global and Latin American investors attractive investment products that allow portfolio diversification and consistent returns. Patria Investments Limited was founded in 1994 and is headquartered in Grand Cayman, the Cayman Islands.Three key data points gauge Patria or any dividend-paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three basic keys best tell whether any company has made, is making, and will make money. PAX PriceOver the past year, Patria’s share price fell about 9% from $15.36 to $13.95 as ...
Photo by Michelle Spollen on Unsplash USD/CAD remains on the defensive around 1.3655 on Friday amid the weaker USD. US GDP number expanded by 1.6% on an annualized basis in Q1 2024, compared to 3.4% growth in Q4 2023. The weaker Canadian Retail Sales data triggered speculation that the BoC might start cutting interest rates in June. The USD/CAD pair extends its downside near 1.3655 on Friday during the early Asian session. The decline of the US Dollar (USD) to the two-week lows around the mid-105.00s exerts some selling pressure on the pair. Investors now shift their focus to the release of US Personal Consumption Expenditu...
Image Source: Pixabay EUR/USD whipped on Thursday after mixed US data plagued markets. US GDP slowed faster than expected, but PCE inflation measures warn of still-high prices. US PCE Price Index figures due during Friday’s US market session. EUR/USD whipsawed somewhat on Thursday, and the pair is heading into Friday’s early session near 1.0730 after a back-and-forth session and complicated US data that vexed rate cut hopes.US Gross Domestic Product (GDP) eased more than expected on Thursday, with annualized Q1 growth slowing to 1.6% compared to the previous 3.4%, and well below the forecast 2.5%. Easing growth is a boon for inve...
Image Source: UnsplashLast night I was feeling very left behind since the QQQs were plunging, and I was sitting around with IWM puts, and the small caps were just sitting there like an oil painting. Well, I’m pleased to be “left out” tonight, because tech stocks are going insane. I mean, look, I don’t even know what to SAY about a chart that looks like Alphabet’s (GOOGL) except, gosh , that sure is going up a lot. It’s basically unchartable.A more manageable chart is Microsoft (MSFT), which, yes, is up, but at least the chart still looks fundamentally busted and prone to crumbling in due time.The odd thing is that In...
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 1.6% annual rate in the first quarter. That’s a little lower than many analysts expected. But the year-over-year growth is still on track. Top panel: quarterly real GDP growth at an annual rate, 1947:Q2-2024:Q1, with the historical average (3.1%) in blue. Calculated as 400 times the difference in the natural log of real GDP from the previous quarter. Bottom panel: year-over-year growth rate. Calculated as 100 times the difference in the natural log of real GDP from the same quarter of the previous year.The new numbers put the Econbrowser rece...
Image Source: PixabayThe solution to a problem shouldn’t make the problem worse.But apparently, California’s policy makers missed that memo.On April 1st, the state instituted a $20 minimum wage for fast food workers, the highest in the US. With California’s absurdly high cost of living, the policy appeared to make life more manageable for low-income residents. Unfortunately, as the adage goes, “If it sounds too good to be true, it probably is.” California’s new minimum wage is poised to hurt the same fast-food workers it aims to help. The Economic Problem of a Minimum Wage The counterproductivity of a minimum wage is d...
Global equities had a strong start to the year as economic resilience and diminishing recession fears boosted risky assets overall. The S&P Global BMI surged 7.8% in the first quarter, led by developed markets; notably, the S&P 500® finished the quarter up 10.6%, at a new record high. Shariah-compliant global benchmarks beat their conventional counterparts, with the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index generating an outperformance of 0.8% and 0.6%, respectively, during the quarter. The DJIM World Emerging Markets Index was a laggard, trailing behind the conventional benchmark as well as t...
Image Source: UnsplashMicrosoft (MSFT) & Alphabet (GOOGL) produced solid earnings reports sending both stocks higher after the close which in turn pushed the NQ and ES higher. However, while I have switched to the “other” preferred count after the earnings were reported both counts remain active for now. Each time I feel one has overtaken the other and is appearing to be also taking over the ‘pole’ position the markets shove another surprise out there. So, for now, it all remains the same — 2 counts – 2 scenarios and 2 outcomes.Video Length: 00:28:52More By This Author:Nasdaq 100 & S&P 500 Elli...
Image Source: Unsplash Etsy (ETSY – Free Report) is scheduled to report its first-quarter 2024 results on May 1.For the first quarter of 2024, the Zacks Consensus Estimate for revenues is pegged at $648.32 million, indicating an improvement of 1.2% from the prior-year quarter’s reported figure.The consensus mark for earnings is pegged at 49 cents per share, suggesting a decline of 7.6% from the prior-year quarter’s actuals. This figure has remained unchanged over the past 30 days.Etsy’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters but remained in line with the same on the other occasion, th...
Stocks came in slumping again this morning.But voila, Alphabet (GOOGL) to the rescue.Stocks ended the day well into the green.Gold and silver held a little bounce higher.VIX fell. The Dollar dropped.Non-Farm Payrolls and FOMC next week.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – Hiding Out Stocks And Precious Metals Charts – A ‘Relief Rally’ Stocks And Precious Metals Charts – Illusions...