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Ahead of Wall Street: Archive

Mark Vickery

CPI, Beige Book Illustrate a Decent U.S. Economy

It's not the most riveting economic picture, but certainly one with some promise, looking forward.

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Mark Vickery

June CPI: The Fed Winning the War on Inflation?

The "Inflation Rate" came down 100 basis points month over month to +3.0% from the +4.0% reported a month ago.

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Mark Vickery

Markets Stay Bullish Ahead of CPI Wednesday

There's a sense of confidence market participants currently have in terms of riding the rally higher, even without any particular catalysts.

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Mark Vickery

Amazon Prime Day Expects $13B Worldwide

Analysts estimate a +10% increase year over year for this year's Prime Day to north of $8 billion in the U.S..

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Mark Vickery

Markets Break 3-Day Losing Streak

We'll stay on the slow side for market reportage through tomorrow.

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Mark Vickery

CPI, PPI Inflation Reports, Q2 Earnings Await

For Wednesday morning's CPI report, year-over-year expectations are for a big drop, from +4.0% reported a month ago to +3.1%.

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Mark Vickery

June Jobs 209K Much Lower than Expected

This is the lightest single-month BLS total since December 2020. The Unemployment Rate slid to 3.6%.

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Mark Vickery

Strong Economic Prints Create Market Selloff

240K new nonfarm payroll jobs are expected to have been filled last month, following May's surprisingly high 339K.

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Mark Vickery

June ADP +497K on Huge Small Business Gains

ADP's June came in more than double expectations, and the highest single-month total since February of 2022.

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Mark Vickery

Markets Lower on Tepid Factory Orders, Impressive Automakers

After Tesla guided to record-high deliveries, GM, Toyota and Rivian all reported notable strides in its businesses, as well.

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Mark Vickery

Jobs Week Pushed Later; Markets Await Fed Minutes

Pre-market futures are giving back some of the gains the equities markets have made off recent lows from a week ago Tuesday.

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Mark Vickery

Tepid Markets Open Holiday-Shortened Week

We do ramp-up later this week with a plethora of jobs data.

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Mark Vickery

PCE Sub-4% 1st Time in 2 Years: 3.8%

This PCE report will do nothing to quench the Fed's thirst for hiking interest rates until inflation has clearly been curbed.

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Mark Vickery

Nike (NKE) Beats on Top Line, Pending Home Sales Lower

Nike posted its first earnings miss in recent memory, albeit by a penny, which had already been guided lower during the course of the quarter.

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Mark Vickery

Jobless Claims Drop, Q1 GDP Jumps

The second revision to Q1 GDP jumped unexpectedly to +2.0%, while new jobless claims sank to their lowest levels in a month.

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Mark Vickery

Bank Stress Tests, Micron (MU) Q3 Pass the Muster

23 U.S. banks all passed the most recent stress test put forth by the Federal Reserve, and Micron surpassed estimates on top and bottom lines.

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Mark Vickery

Trade and Inventories Determine Economic Health

International Trade in Goods of -$91.1 billion is a deeper cut than expected, but an improvement from the downwardly revised -$97.1 billion posted for April.

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Mark Vickery

Markets Break Higher on Housing Data & More

We saw a big jump in New Home Sales for May: 763K, versus 675K expected.

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Mark Vickery

Durables, Case-Shiller and Walgreens Mark a Busy Morning

While Durable Goods Orders rose unexpectedly, Case-Shiller home prices fell for the second straight month, and Walgreens Boots Alliance missed on the bottom line.

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Mark Vickery

Markets Flat-to-Down to Start a New Trading Week

There were zero major economic reports out this morning, with only Carnival (CCL) posting quarterly earnings.

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Mark Vickery

The Fed Still Drives the Bus

This will be the case likely through at least the beginning of Q2 earnings season, which begins in earnest mid-next month.

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Mark Vickery

Profits Ripe for Harvesting

For now, know the earth is nor shattering, and the indices will not fall at the speed of gravity.

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Mark Vickery

Nasdaq, S&P Break 3-Day Losing Streak

The Dow narrowly missed closing in the green today, -0.01%, while the small-cap Russell 2000 fell off -0.80% for the session.

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Mark Vickery

New Jobless Claims 264K, Highest in 20 Months

However, Continuing Claims are still not fully reflecting this new trend. Perhaps folks being laid off are finding new jobs right away?

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Mark Vickery

Markets Drift Lower; KB Home (KBH) Beats on Lower Home Prices

With mortgage rates apparently settling in here around 7%, pent-up demand is starting to find its way into an expensive market.

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