energyprices
ValueWalk
In his podcast addressing the markets today, Louis Navellier offered the following commentary. So Far, So GoodThe Treasury auction is going fine. The three-year Treasury notes were sold yesterday and the yields came in a little less than expected, so there was robust demand. So far, everything seems okay, and it looks like we can finance all this. Now, the reason we can finance the Treasury auction is there is capital coming from China. China is now experiencing deflation as its economy struggles with declining exports and imports for the past few months. China’s official purchasing manager in...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. China Teetering On RecessionOn Friday, China’s National Bureau of Statistics announced that the official PMI for June rose slightly to 49 in June, up from 48.8 in May. Since any reading under 50 signals a contraction, China’s manufacturing sector is in a recession. One big alarm is that the new export orders component declined to a 5-month low of 46.4 in June. The service sector PMI for June declined to 52.8, down from 53.8 in May. Finally, home sales for the top 100 Chinese property developers decli...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. Energy PayoffOPEC+ announced a surprise 1.1 million barrel day daily cut in crude oil production, so crude oil prices are definitely headed higher. Saudi Arabia led the way by announcing that they will be reducing their crude oil production by 500,000 barrels a day. Additionally, Russia also extended its 500,000 barrel cut it announced in March would continue through July, so 1.6 million barrels per day will be removed from world oil markets, just as demand rises in the Spring and Summer months. As a...
ValueWalk
In his podcast addressing the markets today, Louis Navellier offered the following commentary. Energy RenaissanceOutside of energy stocks, the S&P 500 continues to be characterized by negative forecasted earnings growth. A major leadership change is now underway and I am anticipating that the stocks that post the biggest fourth-quarter earnings surprises are poised to be the new market leaders. Q3 2022 hedge fund letters, conferences and more I should add that major indices are now boosting their energy weights, so institutional managers are now net buyers since they traditionally like to “tra...
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Americans paid more money in September than expected, according to the Bureau of Labor Statistics. The consumer price index (CPI) rose 0.4% month-to-month (MoM), which was slightly higher than the Dow Jones 0.3% MoM estimate. Year-over-year (YoY) inflation jumped to 8.2%, approaching all-time highs of the 1980s. Core CPI, which excludes energy and food prices, jumped 0.6% MoM and 6.6% YoY. This is the largest yearly gain since the inflationary era of the early 1980s. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset an...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. The Atlanta Fed is now estimating 2.4% annual GDP growth for the third quarter. The Atlanta Fed cites the fact that personal income rose 0.4% in August and a shrinking trade deficit as the primary reasons for its upbeat third-quarter GDP estimate. Specifically, the shrinking trade deficit is now accounting for 2.2% of the Atlanta Fed’s 2.4% estimate for annual third-quarter GDP growth. Q2 2022 hedge fund letters, conferences and more Energy Bets PayoffI am expecting energy bets to pay off handsomely ...
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Balm applied to limit scorching energy prices for businesses through temporary equivalent support’ to the household price freeze.Input price inflation and energy costs remain top two main concerns reported by companies with 21% of firms on variable rates for electricity.Pounds lifts on shock and awe bill blitz, to just over $1.15 while energy giants rise on vision for the sector.Bond markets still on edge as gilt yields edge higher amid worries UK government debt threatens to balloon.Given the UK’s crucial net zero transition, govt support for a significant scale up of oil and gas exploration ...
ValueWalk
In his podcast addressing the markets today, Louis Navellier offered the following commentary. China surprised the world this week with another key interest rate cut in response to weak retail sales (up 2.7% in July vs. 5% consensus estimate), industrial production (up 3.8% vs. 4.6% consensus estimate), and a staggering 19.9% youth unemployment (between 16 to 24 years old). The Covid-19 lockdowns in China have hurt employment, especially among technology workers. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorFurthermore, home prices continue to decline in C...
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In hisDaily Market Notes report to investors, while commenting on recession, Louis Navellier wrote: The market moves sideways with intraday volatility. Stocks continue to gyrate between modest gains and losses, as it struggles with slowdown fears and high inflation, while at the same time interest rates and commodity prices have already pulled back materially. Q1 2022 hedge fund letters, conferences and more Today, jobless claims came in essentially flat as expected as the strong employment picture remains firm. Services and manufacturing PMI for June came in modestly lower than last month and...
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