Not only is it bullish for April & rest of year. When Nov, Dec, Jan, Feb & March are up stocks have been in a secular bull market that extended to at least the next year.
Note a touch of weakness in Q2-Q3 in Worst 6 Months & some huge Q4 rallies. Last 9 months of year up all 11 times, avg gain 11.9%
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
Note a touch of weakness in Q2-Q3 in Worst 6 Months & some huge Q4 rallies. Last 9 months of year up all 11 times, avg gain 11.9%
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
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Key Takeaway
GameStop ( $GameStop (GME.US)$ ) and Forge Global ( $Forge Global (FRGE.US)$ ) face pre-market declines of 17% and 11% respectively, while Novocure ( $Novocure (NVCR.US)$ ) surges 30% on positive trial results.
Merck ( $Merck & Co (MRK.US)$ ) gains 4% after FDA approval of its treatment, highlighting a day of significant volatility and strategic moves in the U.S. stock market.
A Glimpse into Quarter-End Moves
As the curtains draw near on...
GameStop ( $GameStop (GME.US)$ ) and Forge Global ( $Forge Global (FRGE.US)$ ) face pre-market declines of 17% and 11% respectively, while Novocure ( $Novocure (NVCR.US)$ ) surges 30% on positive trial results.
Merck ( $Merck & Co (MRK.US)$ ) gains 4% after FDA approval of its treatment, highlighting a day of significant volatility and strategic moves in the U.S. stock market.
A Glimpse into Quarter-End Moves
As the curtains draw near on...
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Raphael Bostic is president and chief executive officer of the Federal Reserve Bank of Atlanta, he spoke late on Friday. During Asia time I noted here how late he was speaking and expressed a hope he wouldn't be saying too much of importance .... well, he sure did!
He is now expecting one 25bp cut in 2024, down from the two he was expecting, and he expects that single cut later in the year. He says he is "definitely less confident" than he was in December that inflation will continue to fall tow...
He is now expecting one 25bp cut in 2024, down from the two he was expecting, and he expects that single cut later in the year. He says he is "definitely less confident" than he was in December that inflation will continue to fall tow...
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Bank of Japan 🇯🇵 ENDS negative interest rates, raising them for the first time in 17 years to 0.0-0.1%.
This marks the end of the last negative interest policy among developed nations.
Alongside, BOJ ends yield curve control & ETF purchases but will continue bond buying.
BOJ Governor Ueda said there was “still some distance” to inflation expectations fully reaching 2%, and that the BOJ will maintain an easy stance until the underlying price trend hits that level.
He also said risks of a bigg...
This marks the end of the last negative interest policy among developed nations.
Alongside, BOJ ends yield curve control & ETF purchases but will continue bond buying.
BOJ Governor Ueda said there was “still some distance” to inflation expectations fully reaching 2%, and that the BOJ will maintain an easy stance until the underlying price trend hits that level.
He also said risks of a bigg...
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1. Housing Starts data - Tuesday
2. Fed Interest Rate Decision - Wednesday
3. Fed Press Conference - Wednesday
4. Philly Fed Manufacturing Index - Thursday
5. Existing Home Sales data - Thursday
6. Fed Chair Powell Speaks - Friday
It's officially Fed week, the week we've all been waiting for. $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
2. Fed Interest Rate Decision - Wednesday
3. Fed Press Conference - Wednesday
4. Philly Fed Manufacturing Index - Thursday
5. Existing Home Sales data - Thursday
6. Fed Chair Powell Speaks - Friday
It's officially Fed week, the week we've all been waiting for. $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
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The recent four-day Treasury selloff, driving 10-year yields up by approximately 10bps, is being viewed as excessive by market analysts. The move was likely triggered by higher-than-expected PPI data impacting the 10- and 30-year auction longs, leading to selling pressure from Commodity Trading Advisors and fast money across the bond curve.
Despite concerns about consumer spending durability highlighted by weaker-than-expected retail sales, Treasury yields are expe...
Despite concerns about consumer spending durability highlighted by weaker-than-expected retail sales, Treasury yields are expe...
$S&P 500 Index (.SPX.US)$ The 48 day cycle low that was supposed to bottom on Friday was invalidated after the bullish reversal today. From now on I'm going to focus on price. I'm not looking for an intermediate term top until it gets to the 2.618 extension of the July-October correction at 5420.
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You need bulls for a bull market. Luckily, we have them. The number of bears has hit a 2-and-a-half-year low.
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
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Feb. 🇺🇸 CPI YoY Estimates by Major banks:
◦ Barclays --> 3.2%
◦ Goldman Sachs --> 3.2%
◦ Nomura --> 3.2%
◦ TD Securities: 3.1%
◦ Wells Fargo: 3.1%
◦ Citi --> 3.1%
◦ JP Morgan --> 3.1%
◦ BofA --> 3.1%
◦ Scotiabank --> 3.0%
*Median ---> 3.1% (Unchanged from Jan. CPI print of 3.1%) $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
◦ Barclays --> 3.2%
◦ Goldman Sachs --> 3.2%
◦ Nomura --> 3.2%
◦ TD Securities: 3.1%
◦ Wells Fargo: 3.1%
◦ Citi --> 3.1%
◦ JP Morgan --> 3.1%
◦ BofA --> 3.1%
◦ Scotiabank --> 3.0%
*Median ---> 3.1% (Unchanged from Jan. CPI print of 3.1%) $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
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Donald Trump is on a deadline to put up more than $454 million in cash or bonds to stay execution of his New York civil fraud penalty pending appeal.
Trump has also asked to delay another fast-approaching deadline to pay an $83.3 million penalty in E. Jean Carroll’s civil defamation case.
Trump’s lawyers warned he may have to sell off parts of his real estate portfolio under “exigent circums...
Trump has also asked to delay another fast-approaching deadline to pay an $83.3 million penalty in E. Jean Carroll’s civil defamation case.
Trump’s lawyers warned he may have to sell off parts of his real estate portfolio under “exigent circums...
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