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Category Archives: Uncategorized
S&P500 Closes At Key Support Level
The S&P500 closed today at a key support level, right on its upward trend line and just a few points under its 50-day moving average. The S&P is up 14.2 percent for the year. Critical support is 5390-5400, which, if … Continue reading
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Monetary Policy Is Not Tight
The Chicago Fed’s National Financial Conditions Index (NFCI) is significantly easier than when the Fed started the tightening cycle in March 2022 (see the chart below). As the market ramps up based on the expectation of a September rate, financial … Continue reading
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Mr. Softee Gets Lost in the Cloud
Microsoft (MSFT) reported its fiscal fourth-quarter earnings, surpassing Wall Street’s expectations on EPS and revenue but falling short of cloud revenue forecasts, notably in its Intelligent Cloud segment. Despite this, overall revenue increased by 15% yearly, with Intelligent Cloud revenue … Continue reading
Olympic Gold Diggers
“Gold medals aren’t really made of gold. They’re made of sweat, determination, and a hard-to-find alloy called guts.” — Dan Gable Awesome graphic from the Visual Capitalist. This year, 10,500 athletes will compete across 329 events to billions of viewers … Continue reading
German Economy: From Powerhouse to the Punk House
“We can no longer invest in the old, fossil-fuel technology and we don’t yet know in which new technology to invest.” – Martin Gorning, GIER Germany’s inability to generate meaningful growth is casting a shadow over the long-term prospects for the … Continue reading
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Sovereign Distress
…reforms have also augmented fiscal strength and lowered the risk of default. The number of countries with bonds trading at distressed levels had subsequently halved in the space of a year, according to data compiled by Bloomberg. – Bloomberg
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