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 […]
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, […]
