Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of November 6 November 7 International Trade – September -$61.0B -58.3 -60.0 Consumer Credit – September $10.0B -15.6
November 4, 2023
I don’t know anything about cosmetics or the businesses that crank it out, but apparently E.L.F. is kicking Estee Lauder‘s ass.Here we see the chart of ELF:Take one letter away, and you get their (much older) competitor, EL:The percentage chart of these two together shows
Next week is expected to be quiet regarding economic data for the US following an exhaustive week of releases. The weekly Jobless Claims on Thursday and the University of Michigan Consumer Sentiment survey on Friday stand out as the week’s
Target Corporation (NYSE:TGT) is up nearly 5% in the past five days as optimism builds on the stock. The gain overcame a losing streak that saw the stock hit a three-year low of $103 in early October. The previous losses have
A buying frenzy resumed Friday, after a softer Jobs report lowered yields; a plus for sentiment; but remember in some sectors a recession portends poor interim earnings. We’ve already seen a good bit of that. Retail especially.Disassembling the Jobs data
Rakesh Upadhyay 23 hours ago Price analysis 11/3: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC Bitcoin price is losing its upward momentum, but data suggests traders are gearing up to buy any significant dips. 4527 Total views
Prashant Jha 21 hours ago Multichain inside job? And SOL surges 80% in a month: Finance Redefined The exploited Multichain bridge briefly opened on Nov. 1, and a trader managed to use this opportunity to buy debugged assets at a
I have always had an affinity for short-term interest rates, and it is from my days as an index arbitrageur.When most people think of index arbitrage, they think of someone scalping stock index futures against an underlying basket of stocks,
The second-largest cryptocurrency platform, Coinbase Global (COIN) reported solid third-quarter earnings on Nov 2 after the closing bell. It topped estimates on both earnings and revenues but trading volumes fell. Shares of COIN, however, dropped as much as 5.5% in
Photo by Etienne Martin on UnsplashThe New York Federal Reserve said on Tuesday, September 5, 2023, that the estimate for the neutral rate for Q2 has eased to 0.57 percent from 0.68 percent in Q1. Analysts typically translate that rate
