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S&P Global Services PMI: Contraction In October
Article By:
Jill Mislinski
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Thursday, November 3, 2022 1:07 PM EDT
The October US Services Purchasing Managers' Index conducted by S&P Global came in at 47.8 percent, down from the final September estimate of 49.3 and in contraction territory.
Fed Points To Smaller Hikes But Higher Ceiling
Video By:
Danielle DiMartino Booth
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Thursday, November 3, 2022 12:54 PM EDT
I joined Bloomberg to discuss Fed rate hikes and inflation.
Hawkish Conference
Article By:
Monica Kingsley
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Thursday, November 3, 2022 12:12 PM EDT
S&P 500 was sluggish into the FOMC only to welcome the statement, and then the presser came, with accentuated hawkishness that did sink not only stocks but also bonds and real assets.
In this article: SPX
Why The U.S. Has A Diesel Shortage
Article By:
Robert Rapier
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Thursday, November 3, 2022 11:57 AM EDT
We've all heard that there are only 25 days of diesel reserves left. Why is there a diesel shortage this year? There are four factors, but two of those factors are in play every year.
Fed's Hawkishness Roils The Capital Markets
Article By:
Marc Chandler
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Thursday, November 3, 2022 11:00 AM EDT
The Fed delivered the expected 75 bp rate hike, and although it says it will take into account the cumulative effect of past hikes and their lagged impact, the takeaway has been a hawkish message.
The Great Unwind II
Article By:
Alasdair MacLeod
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Thursday, November 3, 2022 10:27 AM EDT
With price inflation rising out of control and interest rates rising strongly, the trading environment for commercial banks has fundamentally changed, procrastination is now the enemy of bankers.
Weekly Unemployment Claims: Down 1K, Beats Forecast
Article By:
Jill Mislinski
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Thursday, November 3, 2022 9:52 AM EDT
Here is the opening statement from the Department of Labor: In the week ending October 29, the advance figure for seasonally adjusted initial claims was 217,000, a decrease of 1,000 from the previous week's revised level.
Gold And Metals Under The Seasonal Magnifying Glass
Article By:
Tea Muratovic
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Thursday, November 3, 2022 9:25 AM EDT
While gold and silver are strongly correlated, there are differences in the seasonal pattern. It is worth noting: seasonally, gold also rises during the rest of the year, while silver shows a slight downward trend from mid-February to mid-December.
Pivot Party Pooped: At Some Point, Selling Needs To Be Faded In Seasonally Strong Period
Article By:
Paban Pandey
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Thursday, November 3, 2022 9:16 AM EDT
Equity bulls keep wishing for a pivot that keeps eluding. As things stand, bears are probably eyeing the June lows at a minimum. But at some point, the selling needs to be faded as the season turns favorable.
In this article: SPX
Spanish Housing Market: Is A Correction Looming?
Article By:
ING Economics
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Thursday, November 3, 2022 9:06 AM EDT
In the second quarter of 2022, Spanish property prices rose again by 8.0% year-on-year. Rising mortgage rates and a weakening economic outlook will dampen price growth from an expected 7% this year to 1% in 2023.
In this article: EWP
Elliott Wave Technical Analysis: Costco Wholesale Corp., Thursday, Nov. 3
Article By:
Peter Mathers
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Thursday, November 3, 2022 8:48 AM EDT
Costco is moving lower as predicted in the last forecast. We will have to find out whether we are already into an impulsive move such as in wave 3 or else we are still correcting wave 2.
In this article: COST
EU Commits €3 Billion To Invest In Energy & Industrial Decarbonization Projects
Article By:
ESG Today
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Thursday, November 3, 2022 8:40 AM EDT
The European Commission announced today that it will invest €3 billion in cleantech projects aimed at supporting energy and industrial decarbonization, and accelerating the EU’s energy independence from Russian fossil fuels.
In this article: EZU
