Mish’s Daily: Sugar Futures and Social/Economic Impact to Stocks | Mish’s Market Minute
The price of sugar is exposed to many global and national influences. These include government tariffs, costs of production, climate change, and geopolitical instability. These demand and supply factors all influence movement within the market.Most sugar production occurs in a few countries across the world. The top producing countries include Brazil, India and Thailand. A […]
Dow sheds nearly 400 points as U.S stocks finish mostly lower after Goldman Sachs, Morgan Stanley earnings
U.S. stocks ended mostly lower on Tuesday, with the Dow Jones Industrial Average snapping a four-day win streak after Goldman Sachs reported poor earnings results. The S&P 500 also ended lower, but the Nasdaq Composite eked out a gain as investors focused on whether the early 2023 rally has legs.How stocks traded The S&P 500 […]
Sector Spotlight: Sector Rotation Model All Over the Place | RRG Charts
In this episode of StockCharts TV’s Sector Spotlight, I look at the current state of sector rotation, then walk through all 11 sector charts to make an assessment on their individual (relative) trends and their near-term support and resistance levels. Next, I use all this information to “reverse engineer” support and resistance levels and a price […]
Job openings data is missing a recent upturn in layoffs, Goldman economist says
The Labor Department’s job openings report may not be capturing a recent upturn in layoffs, according to new research from Goldman Sachs. Manuel Abecasis, a Goldman Sachs economist, looked at layoff notices filed under the Worker Adjustment and Retraining Notification Act, which require companies to notify state governments, and affected individuals, of plans to lay […]
Morgan Stanley cuts U.S. dollar forecasts lower
The U.S. dollar is going to drop further, Morgan Stanley strategists said over the weekend as they became more optimistic about the global economy. They now see the DXY dollar index DXY, +0.20% ending the year at 98, from a previous forecast of 104. They see the euro EURUSD, -0.19% climbing to $1.15, vs. a […]
Trade Like Trevor | Art’s Charts
Trevor Lawrence put in a performance for the ages in the AFC Wild Card game on Saturday. Chapeaux! Lawrence started the game with four interceptions in the first half but kept on throwing and brought his team back for a big win. There are some lessons here that we can apply to trading, which can […]
World’s 1% captured almost two-thirds of new wealth created in two years: report
For every dollar of new global wealth earned by a person in the bottom 90% during the first two years of the COVID-19 pandemic, a billionaire got $1.7 million, according to a new analysis from the anti-poverty group Oxfam.That means that even in an era marked by the pandemic, nearly 15 million excess deaths and […]
At the Edge of Chaos: Has the Game Changed? Possible Buy Signal for Stocks Emerges | Top Advisors Corner
Bearish stock traders are suddenly in a tough spot as major technical indicators flash potential buy signals. In addition, liquidity has stabilized, and money flows have suddenly turned positive for stocks. This combination of factors suggests that this rally has the potential to be a game changer. Get the full details below.The December CPI was good enough to […]
Former FTX US head denies participation in fraud involving the company
Brett Harrison, former head of the U.S. arm of FTX, distanced himself from the crypto exchange co-founded by Sam Bankman-Fried, which filed for bankruptcy back in November. Harrison, who resigned as FTX US’s president in September, wrote about his experience with the company in a 49-part Twitter thread published Tuesday. Harrison had rarely made any […]
Earnings Season Has Started EXACTLY As I Would Have Expected | Trading Places with Tom Bowley
Quarterly earnings is a time when management teams announce whether they’ve kept all their promises that were made over the prior 90 days. These quarterly earnings announcements should not be shockers. Wall Street despises big surprises, especially when companies fall short of their consensus estimates. Wall Street firms use future earnings estimates and projected growth […]