Post the FOMC, the information value from US payrolls is amplified in our opinion. It’s a report that can always generate volatility. We think this one has the capacity to create a lot of discussion. Also, the back end of UST and Bund curves are tightly correlated, suggesting inflation risk from the US has been spilling over to materially impact Bund yields.Image Source: Unsplash Friday’s payrolls report is super interesting post the FOMC tone setting We provocatively asked the question yesterday whether Chair Powell had seen the payrolls number ahead of time. We’ll get some clue on Friday. The interesting thing about this repo...
Image Source: Unsplash Interest rate cuts are coming. We’ve been hearing that since the fall of 2023. Hasn’t happened. How come? More worrying for investors is what will happen, and how to prepare.In the fall of 2023, with inflation easing and the economy in general seemingly under control, it made sense for the Federal Reserve and economists to anticipate interest rate cuts for the new year. With all this optimism, many investors who had shied away from the stock market, preferring bonds or certificates of deposits—which offered their most decent returns in years—or who were on the sidelines, went on a shopping spree. They flocked t...
Image Source: Unsplash Apple Inc (Nasdaq: AAPL) is trading up in extended hours on Thursday after coming in ahead of Street estimates for its fiscal second quarter. iPhone revenue fell short of expectations The stock is gaining even though iPhone did not do all that well in Q2.The flagship handset generated $45.96 billion in revenue in the recently concluded quarter (down 10% year-over-year) versus analysts at $46 billion. Tim Cook – the chief executive of Apple Inc said in a press release today: We are focused on providing the very best products and services for our customers, and doing so while living up to the core values that drive...
Stocks were under a bit of pressure early on but found their footing and rallied into the close.The VIX fell.The Dollar fell.Gold and silver were under pressure and recovered into the close, with silver showing its usual resiliency. The demand for silver in high-tech industrial applications is fueling increased use of bullion. And the central banks and the paper constructs of the Banks cannot substitute leverage for the metal in use.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – From Enemy Occupied TerritoryStocks And Precious Metals Charts – The Selling Began Stocks And Precious Metals Chart...
Image source: Pixabay In this episode of Macro-To-Micro Power Hour from 05/01/24, Samantha LaDuc and Craig Shapiro discuss the dynamic financial market landscape, particularly focusing on recent and upcoming economic events such as the QRA quarterly refunding announcement by Yellen, FOMC statements, and significant S&P 500 company earnings reports. They delve into the implications of these developments on market volatility, the U.S. Treasury’s strategies, and the Federal Reserve’s monetary policy, analyzing how these factors interplay with broader economic indicators. The conversation encapsulates their insights on potential ...
ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 37.98 points or -0.10% to 38,236.07 Shanghai closed Hang Seng increased 444.10 points or 2.50% to 18,207.13 ASX 200 increased 17.10 points or 0.23% to 7,587.00 Kospi decreased 8.41 points or -0.31% to 2,683.65 SENSEX increased 128.33 points or 0.17% to 74,611.11 Nifty50 increased 43.35 points or 0.19% to 22,648.20 The major Asian currency markets had a mixed day today: AUDUSD increased 0.00292 or 0.45% to 0.65589 NZDUSD increased 0.00228 or 0.38% to 0.59513 USDJPY decreased 2.035 or -1.31% to 153.690 USDCNY decreased 0.01924 or -0.27% to 7.21611 The above data was ...
Image Source: Pexels Russell 2000 Aggregate Estimates and Revisions The 24Q1 Y/Y blended earnings growth estimate is -8.4%. If the energy sector is excluded, the growth rate for the index is 2.6%. Of the 591 companies in the Russell 2000 that have reported earnings to date for 24Q1, 62.6% reported above analyst expectations. The 24Q1 Y/Y blended revenue growth estimate is -1.2%. If the energy sector is excluded, the growth rate for the index is -0.2%. Click here to view the full report. More By This Author:S&P 500 Earnings Dashboard 24Q1 – Thursday, May 2 S&P 500 Earnings Dashboard 24Q1 – Tuesday, April...
Image Source: Unsplash In Wall Street parlance, a yard refers to a billion and a buck is a million. You can overhear traders asking questions like, “how many bucks did that trade?” or, “did that company raise a yard?” The crypto space is gathering assets by the yard these days with new product launches by ETF issuers. For the most part, these products follow the simple price of a single cryptocurrency. New index-based solutions are coming to the market and are also gaining attention. The S&P CME Bitcoin Futures Daily Roll Index and the S&P 500 and S&P Bitcoin Futures 75/25 Blend Index are two examples of how indexing ...
Image Source: Pexels Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life. This is a special episode as Tracey celebrates the four hundredth episode of the show.Thanks for tuning in for the last 9 years. The Zacks Market Edge Podcast launched in 2015. It’s been a wild ride ever since.Thanks for leaving comments and giving it thumbs up reviews on YouTube. Tesla in the Spotlight This week, Tracey is joined by Dave Bartosiak, Zacks Stock Strategist, and resident automotive expert, to talk about what is going on at Te...
Image Source: Unsplash Bitcoin (BTC) plunged to its lowest level in two months on Wednesday. Bitcoin Spot ETFs observed $563 million in net outflows, as seen on CoinGlass. Analysts believe Bitcoin bottom is likely between the $55,000 and $57,000 level. BlackRock’s IBIT records first daily outflow worries BTC holders Bitcoin holder sentiment turned negative as Spot ETFs recorded their largest single day outflow. BlackRock’s IBIT lost $37 million for the first time since its inception, a cause for concern among market participants. Bitcoin holdings of spot BTC ETFsBitcoin wiped out 8% of its value since Monday, down to $59,100 on Binanc...