CEO Jamie Dimon, J.P. Morgan has exceeded analysts' profit expectations for 15 straight quarters a streak that ended with the fourth quarter of 2018.@EvergreenTFX
#ETFXanalysis, In the #US. Expectations are for #Crude Inventories to fall this week following three straight weeks of declines...#SaudiArabia and #Russia have reached a decision that will involve rolling over current cuts to February and increasing supply in March.
#ETFXanalysis, There are signs that lockdowns in some countries are set to be extended, potentially curbing #Oil demand...Oil dipped lower as #Investors await an #OPEC+ decision on whether the group will continue raising production even as virus curbs threaten a demand recovery.
#ETFXanalysis, U.S. #Stocks Edged Higher as Vaccine progress boosted optimism in one of the Final #Trading Sessions of 2020...Tech #Shares were among the best performers in #SP500 Index...#Investors have pushed stocks to sky-high valuations this year.
#ETFXanalysis, #Investors are striking an upbeat attitude as 2020 comes to a close...With risk assets such as #Stocks, Corporate #Bonds and #Bitcoin near record highs...The #SP500 is set to end the year more than 15% higher...With the #Nasdaq Composite’s gains exceeding 40%.
#ETFXanalysis, President Donald Trump signed a $900 Billion in Pandemic Relief Bill...U.S. #Investors cheered the signing of the #US Aid Package...#SP500 contracts were up 0.7%, While #Dow contracts gained 0.5%.
#ETFXanalysis, After a run of Seven Weekly gains...#Oil’s weakness points to the concerns over how long it will take for vaccines to roll out and the impact on #Energy consumption...The #OPEC+ alliance plans to add supply back to the #Market next year, another risk factor.
#ETFXanalysis, The #UK and #EuropeanUnion are on the brink of sealing a Historic Post #BrexitTrade accord...With officials hopeful a deal could be struck as soon as Wednesday...#Sterling advanced by as much as 1.6% to $1.3571, the biggest intraday gain in more than a week.
#ETFXanalysis, Oil Extends Losses as New Virus Strain Threatens Fuel Demand...A stronger #Dollar is also reducing the appeal of #Oil, Which is priced in the #Currency...are also under pressure after #Russia said it will support a further Production increase by the #OPEC+coalition
#ETFXanalysis, Weaker #Currency would help #AmericanExports...Strong #Dollar could have negative short-term effects on the #USEconomy has already stoked Foreign Policy makers’ concerns...Pressure to return the #US to a “Strong-Dollar” Policy and may cause trembles on #WallStreet.
#ETFXanalysis, #Oil is the “Vaccine #Trade" at the moment...was steady after its Highest close in almost 10 Months as #US Lawmakers worked toward Finalizing a #Stimulusdeal almost $900 Billion that may boost near-term demand ahead of a broad roll-out of the Covid-19 vaccine.
#ETFXanalysis, The Clock Ticking to Renew Pandemic Aid... #GlobalEconomy & the #US. in particular is going to go through a tough patch here in the next few months...#Investors know that the Environment for Businesses & for Earnings is going to be good in the medium & long-term.
#ETFXanalysis, That’s in line with the advance in the #American stock benchmark...#SP500 Dividend Aristocrats Index has climbed about 65% since the #Market bottomed in March...#Investors have recently tiptoed back into value #Stocks those that typically #Trade at low prices.
#ETFXanalysis, #Investors will increasingly come to the view that it’s not only safe but advantageous to return to Dividend payers...#Stocks that appeal looking for a steady stream of Income are back in favor and may continue to beat #Bonds in a world of historically low rates.
#ETFXanalysis, The S&P/#ASX200 Index surged 10% in November, its best month ever...and #Analysts expect buyers to continue to load up #Australian Shares, benefiting Cyclical #Shares are set to shine...Heads into 2021 having exited its first recession since the early 1990s.
#ETFXanalysis, “It was just a matter of time” before the Euro broke through $1.22...The improved figures helped the #Currency extend gains from earlier in the week...How much higher #Euro-#Dollar can be pushed until the #ECB does comment on the exchange rate again after all.
#ETFXanalysis, #Oil rose from a Nine-Month High even as the #IEA cautioned that a #Market glut will last another Year...The near-term outlook, however is looking tougher, with #OPEC also cutting its projections for demand in the 1st Quarter of 2021.
#WTI | #CrudeOil | #OilandGas
#ETFXanalysis, OPEC Cuts Demand Forecast Before Meeting to Review Supply Hike...The 23-Nation #OPEC+ Coalition led by #SaudiArabia and #Russia will meet on January 4, 2021 to consider whether they can press on with further monthly increases.
#ETFXanalysis, Bond #Market’s Great Reflation #Trade Upended by #Fed Intervention is casting a long shadow over the World’s biggest #Bondmarket, derailing a classic recovery trade and underscoring how an era of #CentralBank intervention will reverberate for some time to come.