Market in Review 8/19/2024
MARKET REPORT (Unburdened by what has been) Buers Van Berlage Day in Review: Today: (Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA: – Fed’s Kashkari welcomes a debate about a September rate cut COMPANIES: – NASDAQ/S&P lodge longest win streaks of 2024 – 17k AT&T workers strike […]
Market in Review 8/16/2024
MARKET REPORT (Unburdened by what has been) Buers Van Berlage Day in Review: Today: (Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA: – The University of Michigan’s consumer sentiment index ROSE to 67.8 August, EXP 66.9, PREV 66.4 in July – Housing Starts fell off a cliff […]
Market in Review 8/15/2024
MARKET REPORT (Unburdened by what has been) Buers Van Berlage Day in Review: Today: (Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA: – US Retail Sales STRONG. Act +1.0% Exp +0.3% Prev-0.8% – bets for a 25bp Sept surged vs 50bp last week – Ex Autos +0.4% Exp […]
Market in Review 8/14/2024
MARKET REPORT (Unburdened by what has been) Buers Van Berlage Day in Review: Today: (Kamalanomics): DATA: – CPI +0.2% July, +2.9% YoY, matching forecasts for the monthly increase but slightly below the 3% annual estimate. Core inflation, excluding food and energy, also rose 0.2% monthly and 3.2% annually, the slowest pace since April 2021 – […]
Market in Review 8/13/2024
MARKET REPORT (Unburdened by what has been) Telephone room NYSE Day in Review: Today: (Kamalanomics): DATA: – PPI +0.1% VS Exp +0.2%, +2.2% YoY – This easing in price pressures supports the Fed’s potential rate cuts while it shifts focus to the slowing labor market – The data raised hopes of softer consumer prices reflected by […]
Market in Review 8/12/2024
MARKET REPORT (Unburdened by what has been) Amsterdam Bourse 17th Century Day in Review: Today: (Kamalanomics): DATA: – NY Consumer Expectations: – Bowman (over week-end) sees inflation declining further – BoE’s Mann says UK wage growth is still a concern COMPANIES: – Eli Lilly Sells $5B Bonds – Home Depot to report GENERAL: – Trump […]
Market in Review 8/9/2024
MARKET REPORT (Unburdened by what has been) Antwerp Bourse. The world’s first Bourse. From 1531 to 1661, it was the site of the world’s first dedicated commodity exchange. conceived as a rectangular square with galleries covered on four sides, built on top of a street intersection. For half a century this exchange would be the […]
Market in Review 8/8/2024
MARKET REPORT (Unburdened by what has been) NYSE 1873 Day in Review: Today: (Kamalanomics): DATA: – markets are still betting on a larger 50 basis point Fed rate cut in September and over 100 bps of total easing for the year. – Initial US jobless claims ACT 233,000 vs EST 240,000, least in 4-weeks – […]
Market in Review 8/7/2024
MARKET REPORT (Unburdened by what has been) – 1987 Day in Review: Today: (Kamalanomics): DATA: – Dovish BoJ Uchida – Strong Kiwi Jobs data – Larger EIA crude draw than expected – VIX pushed higher today – Rate-cut expectations dropped for 2025 but were flat for 2024 COMPANIES: – Meta Platforms (-1.05%) is selling $10.5 […]
Market in Review 8/6/2024
MARKET REPORT (Unburdened by what has been) Day in Review: Today: (Kamalanomics): “I wouldn’t expect this to be a durable bounce,” said Nick Ferres, chief investment officer at Vantage Point Asset Management in Singapore. “There is likely to remain volatility into October, November. Any counter trend rally today and persisting for a few weeks would be something […]
