Market in Review 8/5/2024
MARKET REPORT (Unburdened by what has been) Day in Review: Today: (Kamalanomics): DATA: SELL EVERYTHING! – JAPANIC: – “You can’t unwind the biggest carry trade the world has ever seen without breaking a few heads. That is the impression markets give us this morning,” Kit Juckes, chief foreign exchange strategist at Societe Generale, said in a […]
Market in Review 8/2/2024
MARKET REPORT (Unburdened by what has been) Toronto Bourse 1981 Day in Review: Today: (Kamalanomics): DATA: – Goldman Sees 3 Consecutive Rate Cuts, JPM Hopes Two For 50bps, Citi 50bps, followed by quarter-point reductions at every subsequent meeting – Rate-cut expectations explode higher with over four full cuts now priced in for 2024 – PAYROLLS: […]
Market in Review 8/1/2024
MARKET REPORT (Unburdened by what has been) – Moscow Stock Exchange 1873 Day in Review: Today: (Kamalanomics): DATA: – BoE cuts by 0.25% to 5.0% (60% Exp cut) vote 5-4 for. – the minutes did not provide any indications about the future rate cuts stating that “[t]he Committee continues to monitor closely the risks of […]
Market in Review 7/31/2024
MARKET REPORT (Unburdened by what has been) New Zealand Bourse Day in Review: Today: (Kamalanomics): DATA: – ADF Employment MISS. Act 122k, EXP 150k Prev 155K – US pending home sales bounced in June +4.8% MoM. YoY sales decline 7.8% YoY – The pending-sales figures tend to be a leading indicator of sales of previously owned homes, […]
Market in review 7/30/2024
MARKET REPORT (Unburdened by what has been) US-Chinese early trade Day in Review: Today: (Kamalanomics): DATA: – JOLTS above expectations, with the prior revised up – Mixed US Consumer Confidence, but headline beats COMPANIES: – NVDA (-6.5%) – Sysco (+4.38%) released earnings per share at 1.39 USD, compared to market expectations of 1.38 USD – […]
Market in Review 7/29/2024
MARKET REPORT (Unburdened by what has been) Augsburg trading market Day in Review: Today: (Kamalanomics): COMPANIES: – Tesla (+5.60%) jumps on replacing Ford as Morgans Top Pick – McDonalds +4% GENERAL: – Mixed BoJ sources – Treasury lowers financing estimates, as expected – Israel-Hezbollah tensions rise – UK budget due October 30th – CAC40 6-month […]
Market in Review 7/26/2024
MARKET REPORT (Unburdened by what has been) Glasgow Stock Exchange Day in Review: Today: DATA (Kamalanomics): – The Fed’s favorite inflation indicator – Core PCE – instead came in slightly hotter than expected, rising 2.6% YoY (vs +2.5% YoY exp). The headline PCE dipped to +2.5% – Durable goods deflation continues to drag Core PCE lower while […]
Market in Review 7/25/2024
MARKET REPORT (Unburdened by what has been) CME Day in Review: Today: DATA (Kamalanomics): – GDP hotter than Expected, +2.8% Exp +2.0% Prev +1.4% led by an acceleration in consumer demand – Durable Goods Headline worse, but Ex-Transport stronger – Weekly Jobless claims declined 235K Exp 247K COMPANIES: – Ford (-18.36%) SMOKED on profit miss […]
Market in Review 7/24/2024
MARKET REPORT (Unburdened by what has been) 1907, Zagreb: Croatian regions were split between the Austrian and Hungarian part. However, the Croatian-Hungarian Compromise granted a certain level of autonomy to Croatia and Slavonia, even though not in the field of economy, trade and transport, which were governed by the government in Budapest. Anxious to gain […]
Market in Review 7/23/2024
(This) MARKET REPORT (is unburdened by what has been) Dublin, to be sure. Day in Review: Today: DATA: – US existing home sales slumped for the fourth straight month in June – 5.4% MoM (the worst MoM drop since Nov 2022) and dragging sales down 5.4% YoY COMPANIES: – Spotify (SPOT) released earnings per share […]
