SPX500 Helped by Tesla’s Strong Results, Now Cautious Ahead of US PCE Inflation
Tesla’s record revenues and overall strong financial results helped Wall Street yesterday, but SPX500 is cautious today as markets brace for the PCE Inflation update
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Tesla’s record revenues and overall strong financial results helped Wall Street yesterday, but SPX500 is cautious today as markets brace for the PCE Inflation update
Advance GDP for Q4 printed at 2.9% q/q. This is lower than the previous 3.2% for Q3, but higher than the forecast of 2.6% q/q. Durable goods came in at 5.6% m/m - much higher than the expected 2.4% m/m. However, the data is hiding weakness. Consumer spending was lower than expected at 2.1% (2.9% - forecast), and there is a noticeable buildup in inventories. Given the weaker consumption, the…
Watch today’s US Open for insights on the latest earning by EV king Tesla, recent inflation surge in Australia, the technical Death Cross in USD/JPY and more
The EV giant delivered strong financial results for Q4, touting strong demand, despite a widening production/delivery gap
Watch today’s US Open for insights on this week’s key market themes, upcoming earnings and the technical outlook of NAS100, Netflix and other assets
The US index is cautious after its two-day rally, as markets expect earnings from tech giant Microsoft and EV king Tesla
The king of the electric vehicle market had a rollercoaster ride in 2022 and markets are now eagerly awaiting the upcoming quarterly earnings, due on Wednesday January 25
NFLX results showed subscriber growth came in better than expected at 7.66m. This was almost 70% than its projection of 4.5m. Wall street had a forecast of 4.6m.
The tech-heavy index consolidates last week’s rally, as investors await a series of speeches by Fed officials ahead of the communication blackout and the latest earnings by streaming giant Netflix
Watch today’s US Open for commentary on the upcoming policy decision by the Bank of Japan, as well as the technical outlook of EUR/USD and other assets
The RS has moved from the weak channel (between the lower blue and red bands) into the neutral region between the blue bands (blue arrow). The RSI is on the cusp of turning bullish, I.e. moving above 50 (red arrow).
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