Where now for the Dow ahead of US PPI?
The Dow Jones Industrial Average is a stock market index that tracks the performance of 30 large, publicly-traded companies listed on the New York Stock Exchange (NYSE) and the NASDAQ.
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JD.com sits in daily support
JD is the largest retailer in China, a member of the NASDAQ100 and a Fortune Global 500 company.
Event studies show GBP weakness on a BoE rate hike!
Short term interest rate markets are pricing in 84% chance of a 25bps rate hike from the BoE and another hike in the summer. The UK is fighting headline inflation still in the double digits and the core is at…
Gold to rise into the US CPI print?
On Wednesday May 10 we have US inflation data out and the market is at an interesting point right now. The USD has been weakening after the Federal Reserve meeting this week on expectations that the Fed has finished their…
Do event studies show gold primed for a breakout?
So, the Fed hiked by 25 bps as expected on Wednesday and also signalled a rate pause with a meeting by meeting basis on the future path of hikes. In the announcement accompanying the hike the central bank removed language…
Apple’s seasonals ahead of earnings
Tech stocks earnings have been strong so far this year with Apple’s earnings due out after the close on Thursday.
What will the S&P500 do when the Fed hikes?
Going into this Fed interest rate meeting market expectations are that the Fed will hike by 25bps. Short term interest rate markets are pricing in a 95% chance of a 25bps hike to 5.125%. However, the forward guidance is going…
Pfizer’s price performance
Pfizer’s earnings seasons are ahead with $1 expected for the EPS and $16.67 billion revenue estimated. Pfizer Inc. is a biopharmaceutical company with a global presence that relies on research as the basis for its operations. The company has multiple…
Is an Amazon dip worth buying?
Amazon shares are in focus for Thursday with the earnings announcement coming after the close. The news from Microsoft that it’s cloud-computing business shows growth also helped expectations for Amazon which also has a large cloud business. The seasonal moves…
Meta mistake?
Big name tech earnings are in acute focus this week and Meta (formerly Facebook) will be eyed carefully by investors for signs of where the company is heading with the so called “Metaverse’. The Metaverse idea seemed to be peaking…