Time For This Pandemic Favorite Stock To Roar Back?
While stocks such as Zoom Video Communications were widely hailed during the pandemic, the attention since has drastically reduced. The stock has quietly consolidated since, with recent positive estimate revisions.
Wide Dispersion In Nowcasts And Tracking
GDPNow for Q4 at 5.1% is considerably higher than Goldman Sachs at 3.1%, and St. Louis Fed at essentially zero. Employment indicators continue to diverge from output indicators, most recently monthly GDP:
Asian Stocks Hit Records, Gold Surges As AI Boom Fuels Markets
Global markets opened Tuesday on a buoyant note, led by a rally in Asian equities driven by optimism around artificial intelligence, while uncertainty over US monetary policy and geopolitics pushed investors toward safe havens such as gold.
EUR/GBP Trades Calm Near 0.8650 While Investors Await UK GDP Data
The EUR/GBP pair trades in a tight range around 0.8650 during the European trading session on Tuesday.