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The Commodities Feed: Iraqi Oil Supply Cut Uncertainty
Article By:
ING Economics
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Monday, May 13, 2024 9:00 AM EDT
Oil prices have continued to come under pressure after comments from Iraq raised doubts over a rollover of OPEC+ supply cuts. Meanwhile, LME warehouses saw a record increase in aluminum inventories on Friday.
The Problem With Electric Vehicles
Article By:
Dean Baker
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Monday, May 13, 2024 8:57 AM EDT
For the last quarter century, those of us hoping we could slow global warming were anxious to see a quick conversion to electric vehicles (EVs). If we could get most people using electric vehicles, we could radically reduce greenhouse gas emissions.
Rent Prices Rose For The Third Straight Month According To Apartment List
Article By:
Mish Shedlock
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Monday, May 13, 2024 8:49 AM EDT
Rents were not falling as reported recently by Apartment List. Nor are Apt List estimates correct now. Let’s discuss what’s really happening and why Truflation is wrong as well.
Forex Today: US Stock Markets Advance On Earnings Optimism
Article By:
Adam Lemon
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Monday, May 13, 2024 8:19 AM EDT
US stock market indices are advancing bullishly towards their all-time highs, despite the lack of rate cuts. The bullishness is believed to be because S&P 500 companies are reporting higher than expected corporate earnings.
USD/JPY Forecast: One Way Trade
Article By:
Christopher Lewis
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Monday, May 13, 2024 8:11 AM EDT
The shooting star from the Thursday candlestick of course is a very negative turn of events and if we were to break above the top of that shooting star, then it allows the US dollar to go much higher.
Warner Bros. Discovery Posts $9.96 Billion In Q1 Revenues, Missing Estimates Amid Strategic Shifts
Article By:
ValueWalk
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Monday, May 13, 2024 7:56 AM EDT
WB Discovery had a number of challenges in the first quarter and failed to meet its anticipated sales and earnings targets. The company announced a $0.40 per share loss on $9.96 billion in revenues, which was less than the predicted $10.231 billion.
In this article: WBD
Bearish Candlesticks Friday Do Not Necessarily Translate Monday
Article By:
Declan Fallon
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Monday, May 13, 2024 7:33 AM EDT
We have seen this before; a rally of a few weeks tops off with a reversal candlestick, but the next day, the rally continues. For the Russell 2000 ($IWM), there was a 'bearish cloud cover' candlestick to finish Friday's trading.
Investors Don’t Like Their Corn… [Dirty Dozen]
Article By:
Macro-Ops
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Monday, May 13, 2024 7:04 AM EDT
In this week’s Dirty Dozen [CHART PACK] we talk about key levels in Qs and crypto, discuss the start of some negative divergences in internals, look at a breakout in corn, and pitch a potash producer as a way to play a bottom in softs, plus more…
GBP/USD Forecast: British Pound Bounces On Friday
Article By:
Christopher Lewis
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Monday, May 13, 2024 5:14 AM EDT
The British pound initially pulled back during the trading session on Friday to test the crucial 1.25 level.
“I See No ‘Stag’ Nor ‘Flation.” J Powell
Article By:
Michele Schneider
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Monday, May 13, 2024 5:12 AM EDT
Stagflation-Last week Jerome Powell said he sees neither a chance of stagnation nor inflation.
Charles Payne asked me about why I call this the new “transitory.”
I begin with Shakespeare- “…Doth protest too much.”
Rates: Back To The Noughties!
Article By:
ING Economics
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Monday, May 13, 2024 4:58 AM EDT
Our premise here is simple – choose a decade that saw the type of inflation that would be broadly acceptable for the Federal Reserve today, and then extrapolate. The answer? The noughties. Back then, the funds rate averaged 3%.
Healthcare And Biotech Investing 101: What You Need To Know.
Article By:
Rod Raynovich
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Monday, May 13, 2024 4:44 AM EDT
Healthcare as a sector represents only about 12% of the S&P 500. If you want to overweight healthcare as a sector you need to add equities. Healthcare is usually a defensive sector because of demographics and government funding through Medicare.
Hi Ho, Hi Ho, It’s Off To FX War We Go!
Article By:
Menzie Chinn
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Monday, May 13, 2024 4:28 AM EDT
Well, if the US could drop interest rates while forcing other countries to raise their own, this would (in the absence of whatever turmoil in financial markets this might cause) depreciate the dollar.
Weekly Market Pulse: Question Time
Article By:
Joseph Calhoun
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Monday, May 13, 2024 4:12 AM EDT
It’s question time again. I ask myself questions all the time about the economy and markets. I don’t have all the answers but I think it’s important to know what you don’t know and be alert when the markets or the economy offer answers.