The Nasdaq has a weak seasonal time of the year into the middle of March over the last 25 years. Despite having a winning seasonal outlook form a percentage point of view - the average decline is nearly 1.5% from Jan 18th through to March 13
Today is the Federal Reserve’s hotly anticipated interest rate meeting. Expectations in short-term interest rate markets are for the Federal Reserve to cut interest rates four times next year. Now this seems a very dovish expectation.
Will Charles Schwab’s shares fall out of the earnings release again today? The Charles Schwab Corporation, an American multinational financial services company, provides a range of services encompassing banking, commercial banking, investment services, and related offerings such as consultancy and wealth management advisory services.
Over the last 5 years gold has risen into and out of US CPI prints 60% of the time for an average 0.28% gain. Interestingly, the largest gain on a US CPI print in gold has been 3.11%. So, if we see a big miss in the US CPI print with the CPI MM 0.10% or lower, the Core CPI MM 0.10% or lower, the headline 3% or lower, and the CORE CPI 3.7% or lower then watch out for gold gains!
Before Friday’s open JPMorgan Chase & Co will reveal their Q4 earnings. The performance of JPMorgan has been very strong in 2023 with the the firm earning so much that managers have been warning about ‘over earning’.
Boeing’s share prices have fallen on Monday with the news that the FAA are temporarily grounding and inspecting a certain Boeing 737 Max nine aircraft operated by US airlines. The grounding is expected to impact over 170 aircraft and Boeing share prices fell pre-market on this fresh bout of negative news for the 737 Max aircraft.
The strongest month of the year for Netflix is in January. Over the last 20 years Netflix has gained over 11% on average between January 17 and February 01, so will we see further gains this year?
Right now the market has been seeing USD seasonal strength to start the year due to some tax-related flows from US corporations(as tends to happen most years). The data out this week for the US has been mixed and the NFP print will be crucial in setting the tone for the USD to end the first week of 2024.
The dollar index has a very interesting turn of the year pattern. Heading into year and the dollar sees pronounced weakness from a seasonal perspective but in contrast, we see dollars strength to start the year from a seasonal perspective.
Platinum has a very strong seasonal pattern to start the year. Over the last 25 years prices have gained over 75% of the time for an average return of 6.02%. The maximum drop in a positive year has been -7.38%, so the technicals look attractive for dip buying platinum if we see a pull back in early January.
