JLGutierrez Thursday morning’s release of Jobless claims came right in line with estimates of 220K and is only marginally higher than last week’s upwardly revised number of 219K. On a four-week moving average basis, claims have totaled 220.75K, matching the level from three weeks ago. As we noted last week, before seasonal adjustment, claims usually…
herkisi By Chris Turner Fed-driven dollar weakness will be a story for 2024 The dollar opens November close to the highs of the year. Normally, November and December are soft months for the dollar. This year, however, it is hard to see the dollar giving back its gains before year-end. Driving that dollar strength continues…
Michael M. Santiago/Getty Images News Former meme stock darling GameStop (NYSE:GME) is due to report earnings again. The last time I covered GameStop, the stock had plummeted into the Q3 earnings release, and I upgraded the stock from sell to hold. That was several months ago, and we’ve seen big rallies, but most recently, an…
ljubaphoto The Health Care sector struggled mightily through mid-July this year. A risk-on trade favored mega-cap growth through May, then cyclicals and small caps took the lead as the summer got going. Over the last month, though, some defensive areas, including Health Care, have shown some alpha. I assert that relative strength can continue. I…