The US released a host of data of Friday morning, the most important of which was the January reading of the core personal consumption expenditure price index (Core PCE). The headline PCE Price Index was Read more…
Plant-based meat maker Beyond Meat has struggled as new competitors enter the alternative meat space. Plant-based meats have become very popular — at least with food companies looking for a piece of the growing market. Read more…
The conflict in Ukraine apparently won’t keep the Fed from beginning its interest-rate increases in March, as planned. There has been some talk in financial markets that Russia’s invasion of Ukraine might make the Federal Read more…
With a full-blown conflict in Ukraine now underway, there will be plenty of distractions for the markets in the upcoming week in the form of the latest jobs report out of the United States, Eurozone Read more…
The most important market theme right now is Russia’s invasion of Ukraine. Security analysts increasingly suggest that Putin’s aim is to replace the Ukrainian government with a Russia-friendly government, which will secure that Ukraine will Read more…
Personal income was flat month-on-month (m/m) in January, better than the consensus call for a decline of 0.3% m/m. December growth was revised up from 0.3% m/m to 0.4% m/m. Compensation of employees (+0.6% m/m) Read more…
Markets: Yesterday’s US price action already suggested that markets were preparing for some kind of ‘post-Ukraine normalcy’. US equities more than reversed initial losses. Yields returned to well-known territory. Fed officials held the line that, Read more…
It snapped up Tesla, Coinbase and Zoom Thursday. Tesla is the No. 1 holding in Ark’s flagship Ark Innovation ETF. Investment star Cathie Wood, CEO of Ark Investment Management, is at it again, buying shares Read more…
Daily Pivots: (S1) 114.73; (P) 115.21; (R1) 116.01; More… Intraday bias in USD/JPY stays neutral at this point. On the upside, firm break of 116.34 will resume larger up trend from 102.58 to 118.65 long Read more…
Daily Pivots: (S1) 0.9189; (P) 0.9239; (R1) 0.9305; More…. Range trading continues in USD/CHF and intraday bias remains neutral. Choppy rise from 0.8925 would still be in favor to extend higher as long as 0.9090 Read more…