Softs Report - Tuesday, Oct. 29
FCOJ closed mixed and the spot November contract was higher again as the market remains short of juice.
Worker Caution On U.S. Jobs Market Suggests Momentum Is Shifting
Consumer confidence rebounded in October, but job vacancies surprisingly fell at a time when worker sentiment surrounding the jobs market is already weakening.
The Homebuilders Are Fully Valued
Two homebuilders – Pulte and DR Horton – have sold off on earnings in the last week and my analysis of their reports suggests the sector is fully valued.
Consumer Confidence Surprises On The Upside
The normalized change is 1.4 standard deviations – over a period marked by substantial movements.
Options Market Expectations For Alphabet And AMD Earnings
Both companies are considered key players in artificial intelligence, even though they have been overshadowed by larger peers.
Visualizing S&P 500 Performance By Presidential Year
Every year of Biden’s term has been significantly different from the historical average.
Repeat Home Sales Accelerate Slightly Monthly, But Continue To Show YoY Deceleration
This morning’s repeat house price indexes from the FHFA and Case Shiller continued to show deceleration in this metric which is very important to home buyers.
Biotech Momentum Trades For The Q4 Rally
The biotech sector made an interim peak in late February followed by an active summer in very choppy trading.
Three New Trade Deficit Charts Will Have Trump Howling
The advance trade data on goods imports and exports took a huge turn for the worse in September.
DJT Stock Continues To Soar As 5 Trading Halts Rock Tuesday Morning
Trump Media & Technology Group's stock (DJT) has seen dramatic price swings and trading halts amid a pre-election rally, tripling in value over the past month.
S&P 500 Earnings Dashboard 24Q3 - Tuesday, Oct. 29
24Q3 Y/Y earnings are expected to be 4.9%. Excluding the energy sector, the Y/Y earnings estimate is 7.5%.
Hoping For Seasonal Sustained Rallies. The Corn & Ethanol Report
World corn markets ended weaker again. Managed fund’s net position is no longer overly short.
Stocks Sluggish As Nasdaq Eyes 4 Straight
Stocks are struggling for direction today, as Wall Street trades in a holding pattern ahead of the onset of Big Tech earnings tomorrow.
Eerily Symbolic: Treasury Seal Falls Off Podium As Yellen Fields Question About The Dollar's Status
Before the reporter could finish the question, the Treasury Department seal fell off the podium and hit the floor with a loud series of thuds.
Gold-Backed ETFs Join The Rally
This seemingly never-ending gold rally just keeps on giving. What initially started as a reaction to COVID back in 2020 has now transformed into one of the most prolonged and meaningful bull runs in gold’s modern history.
Elliott Wave Technical Forecast: James Hardie Industries Plc
The analysis aims to provide readers with insights into the current market trends and how to capitalize on them effectively.
Analytical Overview Of The Main Currency Pairs - Tuesday, Oct. 29
From a technical point of view, the medium-term trend of the USD/JPY currency pair is bullish.
Asian Stock: Zhejiang China Commodities City Group
Zhejiang China Commodities City Group Company Limited operates real estate development businesses.
McDonald’s Beats On Profit And Revenue, Reverses U.S. Same-Store Sales Declines
McDonald’s reported its latest quarterly earnings.
US Home Prices Remain Near Record Highs... As Mortgage Rates Re-Surge
Home prices rose 5.2% YoY (down from 5.93% in July), the fifth straight monthly slowdown in the YoY growth.