MARKET NEWS
Nov 22, 2024
Week Ahead: RBNZ Rate Cuts to Lead the Way as Key Inflation Data Awaits
RBNZ is expected to cut rates by 50 bps at its last policy meeting of 2024. But will PCE inflation data give the green light for a Fed cut? Eurozone flash CPI also critical for ECB’s December...
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Nov 22, 2024
US Continuing Jobless Claims Rise to 3-Year High. Time to Worry?
The ongoing rise in continuing claims looks worrisome, but initial claims are telling a considerably more upbeat story. Which one’s the better measure? The positive spin via initial claims is...
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Nov 22, 2024
AI Is Steaming to Nvidia’s Benefit
Wall Street’s poster child for AI is Nvidia (NASDAQ:NVDA). With an overwhelming market share in AI chip design, Nvidia is up over 200% year to date and a whopping 2680% over the last five years....
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Nov 22, 2024
US Dollar, Gold Gain as Geopolitical Risks and Eurozone Data Worsen
Gold continues to gain, as geopolitics generates headlines Hawkish Fedspeak and strong US data support the dollar Euro suffers from another weak set of PMIs Yen fails to benefit from stronger...
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Nov 22, 2024
Gold Rises for 5th Consecutive Day; Euro Dips Further While Bitcoin Nears $100K
Gold Grows for the Fifth Consecutive Day Gold (XAU/USD) grew by 0.73% on Thursday as investors turned to safe-haven assets amid increasing geopolitical risks. Earlier this week, Ukraine launched its...
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Nov 22, 2024
Crude Oil, Gas Prices Up on Escalating Tensions With Russia
Moodiness due to a lack of a strong post-earnings rally from Nvidia (NASDAQ:NVDA) remained short-lived. Investors rapidly shrugged off the company’s warning that the profit margin will dip to 73% on...
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Nov 22, 2024
RBNZ Preview: Will Orr's 'Shock and Awe' Return as Key Rates Decision Looms?
NZ activity sluggish despite rate cuts, soft surveys remain recessionary Markets, economists favour 50bps RBNZ cut, 75bps looks underpriced Cash rate 175bps above neutral, according to RBNZ...
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Nov 21, 2024
S&P 500 Climbs 25.7% YTD: Key Technical Indicators Point to Continued Uptrend
 We are up 31.40%; S&P 500 is up 25.7% so far this year. The top window is the SPY. We noted in shaded pink the times when the SPY was up 5 days or more in a row. Five days up or more suggests...
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Nov 21, 2024
93% Gain for Impinj Stock—Here’s Why It Could Climb Higher
Impinj Inc (NASDAQ:PI) is a mid-cap chip stock that has quietly had a great year in 2024. The stock has returned over 93%, placing it among the top five best returning semiconductor stocks in the...
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Nov 21, 2024
Williams-Sonoma Stock: Buy It and Never Let It Go
Williams-Sonoma Inc (NYSE:WSM) offers everything an investor could want and more, making it a stock worthy of buy-and-hold status. Its quality is centered on the brand and operations, which CEO Laura...
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