After a long weekend, the market action on January 16th held some surprises.
The Bullish Trends or gainers were the dollar and here is the surprise for some-many different commodities.
The Bearish Trends or losers were foreign currencies, long bonds …
Happy bad (cold) weather January to our loyal readers and subscribers. Hopefully, you are warm, safe, and have power. It is “dreadful” out there unless you are one of the very few who find yourself in a pleasant place with …
With the news on geopolitical escalation, soft versus hard landing, disinflation versus reinflation, growth versus value and credit default versus available disposable income, gold and silver are even more interesting now.
Gold’s behavior has been more of sell strength and …
I began the week focused on bank earnings, which we will wake up to tomorrow.
In that Daily, I wrote, “one can assume that bank stocks, which already started off the year extremely well, have potential to shine.
However, we …
Looking at the Economic Economic Modern Family (weekly charts), to date, they all peaked in December.
The Russell 2000, Regional Banks, Transportation and Retail, as far as index and sectors go, backed off the most from their peaks.
Semiconductors are …
On January 17, Alcoa Aluminum will report earnings.
As a main aluminum producer, Alcoa announced cost-cutting measures along with plans to curtail production at one Western Australian Refinery.
But that is just one facility, and the company plans to continue …
Starting with the Jeffries Group reporting on January 9th, by Friday we will see Bank of America (BAC), JP Morgan (JPM), Wells Fargo (WFC), and Citigroup (C) as well as a few other banks report earnings.
In my 2024 Outlook …
Welcome to 2024. We hope that you and your families had an enjoyable and relaxing New Year's holiday and that you ushered in a good start to the year.
Unfortunately, we couldn’t say the same about the stock and bond …
On inflation
I like this quote-
“Goods deflation likely transitory as downward pressure on goods demand and input costs are fading. 1H24 global core inflation likely to settle near 3%, which won’t resolve the immaculate disinflation debate.”
And this quote …
“January provides us with a wealth of information that gets our year off to a good start financially and emotionally.
The data is specifically chosen to begin in 2009 because that is the bottom of the most significant bear market …
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