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GBP/USD Price Analysis: Dollar Softens Post PPI, Eyes On CPI
Article By:
Yohay Elam
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Wednesday, May 15, 2024 9:30 AM EDT
The US released hotter-than-expected Producer Price Index (PPI) figures. Investors expect only 44 basis points of Fed rate cuts in 2024. British wages minus bonuses grew by 6.0% in the first quarter of 2024.
GameStop Frenzy Reignites
Article By:
Warrior Trading
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Wednesday, May 15, 2024 7:49 AM EDT
GME shot up by 69% before peaking at over a 100% gain. Seeing this unfold brought back memories of the 2021 short squeeze. But what’s driving this sudden spike, and how should day traders approach it? Let’s dive into the blog and talk about it!
In this article: GME
Buffett’s Commentary On Selling Stocks Is Worth Noting
Article By:
Tim Travis
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Wednesday, May 15, 2024 7:09 AM EDT
Last Saturday was the Berkshire Hathaway annual shareholder meeting and there was an interesting quote from Warren Buffett, after selling a chunk of his Apple stock.
In this article: BRK-B
Markets, Uncertainty, Forecasting
Article By:
Greg Feirman
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Wednesday, May 15, 2024 7:01 AM EDT
If we can have no rational basis for making one forecast over another or accepting one historical interpretation over another, then investing – and indeed all history and social science – is hopeless.
Biden Quadruples Tariffs On China EVs, Batteries
Article By:
ESG Today
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Wednesday, May 15, 2024 6:50 AM EDT
Biden announced a broad series of tariffs on goods imported from China, including several categories of products central to the U.S.’ clean energy transition strategy, such as electric vehicles, batteries and battery materials, and solar cells.
Don’t Blame Trump For The Coming Slump
Article By:
Martin Hutchinson
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Wednesday, May 15, 2024 5:36 AM EDT
Observers have been puzzled by the continued strength of the U.S. stock market, asset prices generally and the U.S. economy in the face of sharp rises in interest rates since early 2022.
For Biotech Stocks To Move Higher, This Must Move Lower
Article By:
Tarun Chandra, CFA
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Wednesday, May 15, 2024 5:26 AM EDT
While biotechs have significantly lagged behind the broader market, there is reason to be optimistic once inflation-related volatility subsides. IBB and XBI present good vehicles for biotech exposure.
Ranked: The Top 6 Economies By Share Of Global GDP (1980-2024)
Article By:
Jeff Desjardins
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Wednesday, May 15, 2024 5:05 AM EDT
The world’s top six economies by their share of global GDP from 1980 to 2024.
Rates Spark: All Eyes On US CPI
Article By:
ING Economics
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Wednesday, May 15, 2024 4:31 AM EDT
Markets remain highly sensitive to anything inflation related, as highlighted by the strong reaction to Tuesday’s US PPI. A key test for the bullish undertone is CPI, where we think an in-line reading might not be enough to spur on bond bulls.
US Dollar Devaluation: How The Fed Legally Robs You
Article By:
Tactical Investor
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Wednesday, May 15, 2024 3:34 AM EDT
Since the United States abandoned the gold standard in 1971, the Federal Reserve has wielded its authority to manipulate the money supply, ostensibly to stabilize the economy.
Market Briefing For Wednesday, May 15
Article By:
Gene Inger
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Wednesday, May 15, 2024 3:14 AM EDT
Less opaque monetary policy was elucidated by Fed Chairman Powell in an interview, in-which he was more candid that usual about 'how' data like the PPI infer higher inflation.
Will The Fed Lose Control?
Article By:
Mises Institute
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Wednesday, May 15, 2024 3:00 AM EDT
The next economic crisis will likely either be caused by or result in a rejection of the dollar’s world reserve currency status. Congress will be forced to make drastic cuts in spending while the Fed will be enabled to monetize the debt.
Manufacturing Over The Long Term
Article By:
Menzie Chinn
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Wednesday, May 15, 2024 12:21 AM EDT
While total manufacturing employment is just above pre-trade war levels, and (gross) manufacturing production is just about even, real value added is far above.
Inflation Trends: Fed’s Rate Cut Threshold For 2023
Article By:
Finance Brokerage
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Tuesday, May 14, 2024 10:47 PM EDT
As financial markets oscillate between forecasts and outcomes, the Fed stands at a critical juncture with the possibility of adjusting interest rates twice this year.