Author: FX

In this episode, we explain what you need to know from the first of the big tech companies to report their corporate earnings this season, Microsoft. We dive into the numbers and explain what they all mean and why investors are most interested in the performance of their cloud computing division. Elsewhere, Citadel has leaped past Bridgewater Associates to be crowned the top hedge fund manager in 2022, making an incredible $16bn profit for investors last year! But who is Citadel and how do they make their money? We finish on why WhatsApp is getting employees at Morgan Stanley in…

Alliance Resource Partners Q4 2022 Earnings Preview Source link

Prior was -4.0% (revised to -2.6%)Index 76.9 vs 73.9 priorThis is the first improvement since MayFull reportThis is December data but there’s increasing talk of better home-buying traffic in January as consumers see rates in the low 6s.“This recent low point in home sales activity is likely over,” said NAR Chief Economist Lawrence Yun. “Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.”If you’re bearish on US housing, you might want to have a look at lumber: Source link

Prelim was 64.6Prior was 59.7Current conditions 68.4 vs 68.6 prelimExpectations 62.7 vs 62.0 prelim1-year inflation 3.9% vs 4.0% prelim (4.4% prior)5-10 year inflation 2.9 % vs 3.0% prelim (2.9% prior)These inflation numbers will be welcomed by the Fed and the market. We’ve seen a few times where the final numbers are revised lower from the prelim and I wonder if there’s some kind of sampling error there. Source link

Outlook for USOIL– 2023 Outlook The price of crude oil usually fluctuates based on seasonal demand and supply as well as world events. From the global pandemic that has been going on for more than two years to the war that started in early 2022, two events that were never thought of, fluctuations have caused  oil prices to fall from the oversold point to the overbought point.  The extreme low was recorded at $6.64/barrel in April 2020, and the highest price was recorded at around $125/barrel in Q1 2022. And since then, the USOIL price has fallen back to its…

<p>It's getting tougher and tougher to ignore the price action in stocks. I think there will ultimately be some angst around the FOMC decision and the likelihood that Powell doubles down on the dot plot but that's not happening today, in part because credit card companies were upbeat on the global consumer.</p><p>S&P 500 futures were down 16 points premarket but the index is now up 6 points shortly after the open. The Nasdaq is up 0.3% as well.</p><p>This is the best level since Dec 12, which was right before the last FOMC.</p><p>Up next we get the final UMich survey and…

© Reuters. FILE PHOTO: Office lights are illuminated at dusk in high rise buildings at La Defense business and financial district near Paris, France, December 5, 2022. REUTERS/Pascal Rossignol By Huw Jones LONDON (Reuters) – The European Central Bank (ECB) on Friday rejected calls from Europe’s banks to ease capital rules to boost lending and put them on an equal footing with U.S. rivals. The ECB was responding to a report from the European Banking Federation and consultants Oliver Wyman which said that while banking regulation is internationally coordinated by regulators, differences remain in how the rules work in practice,…

Credit card companies have reported earnings in the past 24 hours and they are particularly well-positioned to weigh in on the health of the consumer. Visa is bullish. Here’s CFO Vasant Prabhu who was queried with this on the conference call:Q: Vasant, as we think about your baseline plan forecast, how are you factoring in the economy? I mean are we assuming resilient consumer, stable economy or are you assuming some mild downturn?A: Well, we went through what we call our planning assumptions last — on the last call for the full year, and we told you we had assumed…

Treasuries pared earlier losses after the December income report showed cooling in income, a drop in spending, and deceleration in the annual measures of inflation. The numbers support the well-expected step down in the FOMC’s rate hikes to 25 bps on February 1. However, the headline and core rates were at 5.0% y/y and .44% y/y, respectively, well above the 2% target, and that should engender a hawkish message from Chair Powell. The 2-year yield is up 1.6 bps at 4.199% versus 4.219% earlier. T The 10-year yield is 3.3 bps higher at 3.527% and…

Here is what you need to know on Friday, January 27: Intel (INTC) disappointed investors in a big way last night after the close and is slated to open down 10% this morning. That has knocked bulls who were getting excited after GDP data and Tesla (TSLA) earnings. Next up we got the Federal Reserve’s favourite inflation gauge, the PCE. The data from the PCE emerged in line with expectations, but markets seemed a bit confused. Investors are still betting on a Fed pivot in H2, so any signs of stickiness will not be welcome news. Yields remain up on…