Economy

December 12, 2022

It’s Whipsaw Week

If the stonk market had a combination of days as awful as a fruitcake and figgy pudding smoothie, then the next couple of days are it. 

Tomorrow (Tuesday, December 13), investors will look at inflation numbers – specifically the Core Inflation Rate YoY.

Throw in a dash of CPI and MoM Inflation data, and you’ve got a recipe that people will either love or want to send back quicker than a complete Blu-ray Collector’s Edition of Lifetime’s Christmas Movie Specials. 

Wednesday rolls around (December 14) with 2022’s last Fed Interest Rate decision. Combined with Powell’s presser, his final gift to investors for 2022 is another box of socks or a surprising wad of cash.

Related Articles

Related Articles

Johnson Loses Control

December 12, 2023

But we’re probably getting another box of socks.

Either way, this week will likely be full of whipsaws and traps. So be careful out there. 🪚

Learn More About...

You Might Also Enjoy

Economy

January 5, 2024

Jobs Data Dampers Q1 Rate Cut Odds

While the leading indicators of employment continue to point to a slowdown, coincident indicators like U.S. nonfarm payrolls and ADP employment data continue to surprise to the upside. For stock market bulls, that may be bad news as it takes hopes of a first-quarter rate cut off the table. 😞

As we’ve discussed, much of the market’s recent rally has come on the back of hopes that the Federal Reserve will cut rates as much as six times in 2024. Disinflation continues across most major metrics, but a tight labor market has kept consumers spending and the economy humming along. As a result, Jerome Powell and the Fed have been hesitant to loosen financial conditions too quickly.

Read It

Economy

December 12, 2023

Inflation Checkup Before FOMC Decision

Tomorrow, the Federal Reserve will make its last interest rate decision for 2023 and update its economic projections. With the market increasing its probability of rate cuts throughout the last few months, it will be a closely watched and discussed event. 👀

We’ll get producer prices tomorrow morning, but today’s focus was on the consumer price index.

Read It

Earnings

January 12, 2024

UnitedHealth Drops Despite Beat

One of the key factors driving services inflation has been medical costs. And unfortunately for UnitedHealth Group, those higher costs are pressuring its earnings. Let’s take a look at how the company fared after reporting results. 👀

The health insurer reported adjusted earnings per share of $6.16 on sales of $94.4 billion, topping the expected $5.98 and $92.1 billion. Revenue from its managed care business was better than anticipated, but earnings from operations were lighter. Meanwhile, its health services business revenue and earnings both topped expectations.

Read It

More in   Economy

View All

Economy

October 11, 2023

Producer Prices’ Third Straight Rise

After twelve straight months of year-over-year declines, producer prices have stabilized and are back on the rise these last three months. That, combined with the stickiness in core consumer prices, has investors wondering if inflation could return from the dead. 😬

The headline producer price index (PPI) rose 0.5% MoM and 2.2% YoY in September. Excluding food and energy, core PPI rose 0.3% MoM as services drove the larger-than-expected increase. 🔺

Read It

Economy

November 1, 2023

Economic Updates & The Fed

It was a busy day on the economic front, so let’s recap what you missed. 👇

First, we’ll start with the Federal Reserve’s interest rate decision. The central bank left rates unchanged after pausing at its September meeting, largely as expected.

Read It

Economy

November 1, 2023

The Scariest Chart Is Not a Crypto

Ninja. Guppy. Yuppy. Widowmaker. 🕷️

These are all nicknames for the most traded Japanese Yen FX (Forex) pairs (Ninja – USDJPY, Yuppy – EURJPY, Guppy – GBPJPY).

Read It

Economy

September 18, 2023

A Divergence In Homebuilders

Today’s National Association of Home Builders/Wells Fargo Housing Market Index experienced its first negative reading in seven months. 🔻

The index dropped 5 points to 45 in September, with all three components declining. Current sales conditions slipped to 51, sales expectations in the next six months fell to 49, and buyer traffic dropped to 30.

Read It