Merriman Market Analyst
Free Weekly Forecast
MMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JULY 29, 2024 ©
July 26, 2024
Listen on Spotify, Apple, and Amazon Watch on YouTube Review The Commerce Department said Friday its personal consumption expenditures inflation gauge rose 2.5% in June compared to a year earlier, slowing from its 2.6% pace in May….On the CME‘s FedWatch tool, which uses fed funds data to estimate the pricing of rate moves, odds...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JULY 22, 2024 ©
July 19, 2024
Listen on Spotify, Apple, and Amazon Watch on YouTube Review Financial services and doctors’ offices were disrupted on Friday, while TV broadcasters went offline as businesses worldwide grappled with an ongoing major IT outage. Air travel has been particularly hit, with planes grounded, services delayed and airports issuing advice to passengers…. cybersecurity giant CrowdStrike...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JULY 15, 2024 ©
July 12, 2024
Listen on Spotify, Apple, and Amazon Watch on YouTube Review Why wait until September?… The Fed’s publicly stated criteria for a rate cut, that it can be confident inflation is moving down toward its 2% target, appear to have been met. The core consumer-price index, stripping out food and energy, rose just 3.3% in...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JULY 8, 2024 ©
July 5, 2024
Listen on Spotify, Apple, and Amazon Watch on YouTube Review The Labor Department reported on Friday that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run. But the unemployment rate ticked up to 4.1%, a sign of slack in a labor market that has already...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JULY 1, 2024 ©
June 28, 2024
Listen on Spotify, Apple, and Amazon Watch on YouTube Note: Next week will be a shortened trading week due to the observance of the July 4 Independence Day in the U.S. Review It was in fact as consequential as any presidential debate in history, and the worst night for an incumbent in history. It...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JUNE 24, 2024 ©
June 21, 2024
Listen on Spotify, Apple, and Amazon Watch on YouTube Review Wall Street’s climb to record highs has come with conspicuously little volatility. The S&P 500 has gone 377 days without a 2.05% sell-off. That’s the longest stretch for the benchmark since the great financial crisis, according to FactSet data compiled by CNBC. The index...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JUNE 17, 2024 ©
June 14, 2024
Review Google Trends is reporting an astonishing spike in searches for “petrodollars.” This is apparently because of a viral story that on 9 June, Saudi Arabia failed to renew a secret 50-year deal with the US to keep oil priced in dollars. Oil has always traded in non-dollar currencies….Saudi Arabia’s...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JUNE 10, 2024 ©
June 7, 2024
Review U.S. job growth burst past expectations last month while the unemployment rate edged up to 4%, presenting a mixed view of a labor market that has generally been cooling without overly troubling most workers. Total nonfarm U.S. jobs increased a seasonally adjusted 272,000 jobs in May, more than in April...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JUNE 3, 2024 ©
May 31, 2024
Review A late-afternoon rally lifted the Dow industrials and S&P 500 to daily gains after the Friday morning release of the Fed’s preferred inflation gauge. The personal-consumption expenditures price index rose 2.7% in April from a year ago, in line with economist expectations. — Patricia Kowsmann and Ryan Dezember, “S&P...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING MAY 27, 2024 ©
May 24, 2024
NOTE: Monday, May 27, is Memorial Day in the U.S., a holiday when the nation honors its warriors, those who died while serving in the United States Armed Forces. Markets will be closed in the U.S. Review “Attempt to be fearful when others are greedy and to be greedy only...
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