Tag: inflation
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![JP Morgan lead analyst pegs $150 price target for Brent Crude, are we in an oil markets supercycle?]()
JP Morgan lead analyst pegs $150 price target for Brent Crude, are we in an oil markets supercycle?
Oil markets are making headlines, but if you have been a reader of Equity Guru, then you were given the heads up back in late July 2023. My outlook and technical analysis play by play was given in subsequent articles and chart attack videos. Our first target has been hit, and prices are pulling back…
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![Stock markets fall under pressure as oil prices hit their highest levels in 2023]()
Stock markets fall under pressure as oil prices hit their highest levels in 2023
I have been updating my readers on the technical pattern on oil. The energy sector is bullish and the technicals are indicating more upside. The stock markets are falling on fears of an inflation surprise uptick. Oil is the lifeblood of the economy and higher oil prices means higher transportation costs. Costs which will be…
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![Jerome Powell signals higher rates may be needed]()
Jerome Powell signals higher rates may be needed
When Nvidia blew out earnings, many saw it as a catalyst to see stock markets break out higher. However, certain technical patterns and levels I have been highlighting in my Market Moment articles told my readers and I that the downtrend was not over. This, I believe, is the power of technical analysis. But fundamental…
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![Bank of Japan tweaks yield curve control policy!]()
Bank of Japan tweaks yield curve control policy!
Japan has been on investor’s radars recently. It all began with Warren Buffett, who has increased his holdings in Japanese trading houses, known as the Sogo Shosha. Whatever the Oracle of Omaha does tends to generate a lot of interest from institutions. And you cannot blame them. Buffett has quite the track record, some saying…
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![The Federal Reserve raises interest rates to highest level since 2001]()
The Federal Reserve raises interest rates to highest level since 2001
The Federal Reserve previously said that there will be two more interest rate hikes by the end of the year. Well the Fed has kept their promise so far by raising interest rates in the July meeting, taking rates to 5.25%-5.50%, the highest level since 2001. A 25 basis point hike which was expected by…
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![US dollar pukes as inflation rises at slowest pace since March 2021]()
US dollar pukes as inflation rises at slowest pace since March 2021
Well… it appears as if we are going full risk on. The US dollar is selling off and we are seeing a rise in metals, commodities, big potential breaks in the currency markets, and yes, a nice move in the stock markets. But can this move be sustained? What was the trigger for these early…
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![Gold below $1900? Gold breaks critical technical support on hawkish Fed]()
Gold below $1900? Gold breaks critical technical support on hawkish Fed
Gold and other precious metals were rocked last week and have broken below critical technical levels as the likelihood of a Fed soft landing diminish and the likelihood of a recession increases. In the month of June, the Fed ‘paused’ raising interest rates, but Powell did mention the Fed is looking to raise rates two…
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![Stock markets approach key resistance. Is a new downtrend about to begin?]()
Stock markets approach key resistance. Is a new downtrend about to begin?
What a month it has been for US stock markets. US markets have been in hard rally mode since June 1st 2023, with the Nasdaq seeing its rally begin on May 24th 2023. A few other markets in the world are joining in on the party. Japan’s Nikkei continues to break decades long records largely…
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![Short sellers still strong at TD Bank – are we missing something?]()
Short sellers still strong at TD Bank – are we missing something?
Short sellers still have a concerning percentage of the share float at TD Bank (TD.T), totalling 22% as of May 31, 2023 according to the Short Sale Trading Summary Report published by the Investment Industry Regulatory Organization of Canada or IIROC. TD Bank already made headlines when the Canadian-based financial institution was reported as the…
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![Home Depot posts worst revenue miss in 20 years, signs of recession?]()
Home Depot posts worst revenue miss in 20 years, signs of recession?
Home Depot (HD) reported fiscal first quarter 2023 earnings which mostly missed estimates and has raised concerns that the consumer is being tapped out. Put it another way in our consumer based economy, are signs of an economic slowdown or recession increasing? This has been on the mind of investors ever since the Fed has…
