Sensex Today Ends 378 Points Lower
The markets opened the gap up and continued on its winning run in early trade but later came under selling pressure to close in red.
CPI, Disinflation And Stocks
S&P 500 recovered from the shallow premarket correction fast after the opening bell.
Real Aggregate Payrolls Rise To New High As CPI Ex-Shelter Continues Somnolent
Headline inflation rose only 0.1% in November, and is up 3.1% YoY. Core inflation less food and energy increased 0.3% and is up 4.0% YoY.
EUR/USD Analysis: Temporary Stop Losses
The EUR/USD exchange rate is back under pressure and vulnerable to further losses unless the European Central Bank can "conquer" the US Federal Reserve’s policy course this week.
Will Oil Drops Trigger A Global Economic Shift?
In the intricate dance of global oil production, the delicate balance between supply and demand hangs in the balance.
2 Long Shot Investments To Start Your 2024 Off Right
Two companies that have the potential for massive gains over the next several years.
Core CPI Hotter Than Expected As Used-Car Price Rise Offsets Energy Drop
Core CPI accelerated modestly MoM (as expected), rising 0.3% (from +0.2%) with Core CPI YoY flat at 4.0% from October.
Elliott Wave Technical Analysis: Apple Inc.
Looking for longs on a classic trading level of $195.
UK’s Wage Growth Slows, Job Vacancies Drop: Report
The growth in total average earnings in the UK fell significantly from 8% to 7.2%. There was a notable drop in job vacancies, with a decline of 45,000 to 949,000. Real pay, which factors in inflation, saw only a marginal increase of just over 1%.
Will S&P 500 Continue Higher?
The S&P 500 index is expected to open 0.1% higher.
Yield Curve Screaming Bear Market In Process
The US yield curve’s last 17 months of inversion has been the second longest in history.
November CPI Shows A Slight Uptick, And Energy Price Decline
The November 2023 CPI report indicates a slight 0.1% increase with a year-over-year rise of 3.1%, reflecting a stabilization in inflationary trends.
Gold Forecast: Somehow Falls Again
At the end of the day, the gold market sustained another decline amidst ongoing downward pressure, with the 50-Day EMA offering modest support.
Chart Of The Day: Smith-Midland - Undiscovered Concrete Products Company
Smith-Midland Corporation invents, develops, manufactures, leases, sells, and installs precast concrete products and systems primarily for use in the construction, highway, utilities, and farming industries.
SNAP Hits 15-Month High As Advertising Outlook Improves
Snap's shares closed at a nearly 15-month high on Monday following a surge driven by Wells Fargo's bullish report.
Blackrock Predicts Low Carbon Transition Mega Force Will Drive Major Investment Opportunities In 2024
Investment giant BlackRock announced today the release of its 2024 Private Markets Outlook, identifying the low-carbon transition as one of a few key “mega forces” that it expects to drive major investment opportunities over the next year.
Peter Schiff: Joe Biden Doesn’t Have Anything To Take Credit For
Most mainstream pundits characterized the November jobs report as a “Goldilocks” report. Job growth was strong enough to support the “soft landing” narrative but not so strong it might scare the Fed into raising interest rates again.
Asian Stock: Genting
Genting Berhad provides leisure, hospitality, gaming, and entertainment services.
POWR Stock Of The Week Under $10: Virco Manufacturing
Virco Manufacturing is the country’s largest distributor of mobile furniture, including desks, chairs, and tables.
1-In-5 Young Americans Say Holocaust Was A Myth, Twice As Many Democrats As Republicans
A new poll sheds light on why so many college-aged Americans aren’t worried about expressing antisemitism: Twenty percent of those between the ages of 18 and 29 believe the Holocaust is a myth.