UK Stocks Shining as Political Regime Shift Seems Guaranteed
British voters have already discounted a political annihilation of the Conservatives on July 4th. And while there is unlikely to be a radical policy shift from the Labour Party, Keith Hiscock of...
View ArticleStocks, Yields Reverse Despite Favorable Inflation Revisions: Jun. 28, 2024
Equity traders strived to finish the quarter on a high note with both the S&P 500 and Nasdaq Composite indices reaching fresh all-time highs today following this morning’s favorable economic data.
View ArticleA Quarter-End Check-In
Today is the last trading day of the second quarter. We came into the week noting that there were few catalysts in the early part but several over the final two days. Now those catalysts are behind us,...
View ArticleChart Advisor: Team Russell Playing Defense
If it weren’t for the Russell 2000 Index (RUT), investors might have a lot to worry about this week or even throughout the upcoming quarter. At least that’s what the charts seem to be whispering right...
View ArticleReady for July
It is going to be a shortened week of trading. The stock market will close early at 1:00 p.m. ET on Wednesday and will be closed the entire day on Thursday in observance of Independence Day.
View ArticleEconomic Update: July 1, 2024
Weekly Economic Update for the week of July 1, 2024: growth, jobs, profits, inflation, rates, risks, and investment themes.
View ArticleWeekly Market Recap: July 1, 2024
This week’s chart looks at how the S&P 500 market share of each year’s top 10 cohort evolves over the following 5 years.
View ArticleHigh points for US economic data scheduled for July 1 week
The July 1 week includes the Independence Day observance on Thursday when there will be a full close of stock and bond markets in the US. The timing of the federal holiday will cause some shifts in the...
View ArticleUS Manufacturing Shrinks For Third Straight Month
US manufacturing contracted for the third straight month in June 2024, with the PMI falling to 48.5, down from 48.7 in May. A PMI below 50 signals contraction.
View ArticleHow to Track Retail Investor Activity in TAQ
Boehmer, Jones, Zhang, and Zhang (2021), referred to as BJZZ, developed an algorithm to identify retail trades executed off exchanges, usually by wholesalers like Citadel or Virtu, which receive...
View ArticleGeopolitics, Elections Induce Cautious Trading: July 1, 2024
The third quarter start has investors worried that stocks may have run too hard too fast, as market participants hesitate to add risk to their portfolios.
View ArticleNice Quarter, Guys?
One of the running jokes among those of us who listen to earnings calls is the propensity of coverage analysts to lead their questions with something like “nice quarter”, regardless of whether the...
View ArticlePolitical Shocks and Market Reactions in Europe with Erik Norland
This week on the IBKR podcast, Andrew Wilkinson welcomes Erik Norland, Chief Economist at CME Group, to explore the latest political events in France and the UK. From snap elections in France to the...
View ArticleStart of Q3 follows form with Q2
The new month (July) and new quarter (Q3) followed form with how the majority of the old month (June) and old quarter (Q2) played out. The Dow, Nasdaq, and S&P 500 finished higher, supported by...
View Article2 Retail Stocks To Watch In July 2024
Here are retail stocks to watch in the stock market this month.
View ArticleTesla Deliveries Fall For Second Straight Quarter, But Stock Takes Off As Q2...
The EV market fundamentals have faltered amid the economic uncertainty engendered by rising inflation and higher interest rates.
View ArticleTop Mining Companies Commit Billions To Zambia’s Copper Industry
Central to Zambia’s economic stability is its mining sector, which accounted for 17.5% of the country’s GDP and over 70% of foreign exchange earnings in 2021. Copper, the country’s main export, plays a...
View ArticleRich Man Spends, Poor Man Can’t Save
Michael Normyle – Nasdaq’s US Economist joins IBKR’s Jeff Praissman to discuss consumer spending trends, and how the differ between the wealthy and lower income consumers.
View ArticleTaking Stock: Q3 2024 equity market outlook
Macro worries meet AI wonderwall. Stocks have managed to climb a wall of macro worries, thanks to largely solid earnings that we believe can expand beyond AI beneficiaries and continue to support prices.
View ArticleCentral Bankers Emphasize Patience in Sintra: July 2, 2024
Markets are little changed as investors listen to Fed Chief Powell and his global counterparts discuss economic prospects and the path of monetary policy.
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