Discussion on global economy and financial markets - Page 47

Mishkil Bhai, see this. Congratulations! It is the public forum now.

Reactivate the conversations and open a few more threads.

I added you to a few more forums, please check and join now.

Originally posted by: Viswasruti

Mishkil Bhai, see this. Congratulations! It is the public forum now.

Reactivate the conversations and open a few more threads.

I added you to a few more forums, please check and join now.

What to expect this week - July 15th to 19th

- Goldman Sachs, Bank of America and Morgan Stanley are among the major bank earnings coming this week.

- Netflix and Johnson & Johnson also report earnings this week, while Amazon hosts it's annual Prime Day sales event on the 16th & 17th.

- Republican National Convention from 15th to 18th will feature remarks from presidential candidate Donald Trump.

Right now, it’s legal for members of US Congress to invest in the stock market.

A bipartisan bill - the ETHICS Act - looks to change that.

• The bill would make it illegal for members of Congress and their immediate families to trade stocks.

The aim is to stop members of Congress from trading on government secrets - illegal, but rarely enforced.

If the bill passes, it would take effect in 2027.

A 2023 study from the University of Maryland says that 85% of Americans think that members of Congress should not be allowed to trade stocks.

Germany is moving to ban Chinese telecom giants Huawei and ZTE from its 5G network.

Its government will phase out some Chinese tech over the next five years. It's an attempt to boost security and promote German tech, according to officials.

"We are protecting the central nervous systems of Germany as a business location - we are protecting the communication of citizens, companies, and the state," Interior Minister Nancy Faeser said.

The decision could hurt Germany's relationship with China, its top trading partner.

Thanks Mukta. We have excellent global cues today before Indian market opens.

Sensex and Nifty 50 are likely to open higher on July 15, tracking cues from GIFT Nifty trading near 24,610, a short while ago this morning.

The bulls were back in action on Dalal Street with benchmarks hitting fresh record levels on July 12, led by Information Technology (IT) stocks, after TCS' Q1 earnings met expectations.

At close, the Sensex was up 622.00 points or 0.78 percent at 80,519.34, and the Nifty was up 186.20 points or 0.77 percent at 24,502.20.

Asian markets are trading in red, be cautious. Nifty is trading higher, indicating a positive opening for the day. Nifty futures were trading at 24,610 at 07:00 am IST.

Asian Equities (Down)

Asian markets were trading mostly lower in the early trade on Monday.

What is Seasonality Analysis?

Stock seasonality refers to stock price trends that occur within different timeframes. People refer to stock / index seasonality to identify historical patterns in price fluctuations. This information is then used in taking well informed investment decisions.

Seasonality is a tool. It shows historical patterns, not what will happen this year. There are a number of specific seasonal patterns in stocks that people have noticed and tested. These tend to be short-term patterns.

Seasonal patterns can be useful, but they can also be traps if we blindly follow them. Seasonality analysis should always be used to control losses, yet that may also mean missing out on some of the trades that could have been profitable.

Seasonality analysis is a tendency for a stock / index to perform better during some time periods of the year and worse during others. These time periods can stretch from days to months of the year.

Seasonality analysis for a stock / index calculates two numbers: the percentage of time that the month is positive and the average gain/loss for the month.

Seasonality tells traders what has happened in the past, which is the historic pattern. There is no mandate that past performance will equal future performance as well. But traders can look for above average tendencies to complement other signals.

US stocks gained ground Monday, July 15th, as investors wagered that presidential candidate Donald Trump is now more likely to reclaim the White House after an unsuccessful assassination attempt strengthened his chances of victory.

The Dow Jones Industrial Average (^DJI) rose about 0.4%, closing at a new all-time high above the 40,000 threshold. The S&P 500 (^GSPC) added about 0.3%, just below a record finish, while the tech-heavy Nasdaq Composite (^IXIC) gained 0.4%.

Goldman Sachs (GS) reported a profit surge of 150% amid investment banking strength, a sign that Wall Street is rebounding from a two-year drought. Shares rose about 2.5%. Meanwhile, BlackRock's (BLK) profit beat estimates as assets under management hit a record of $10.6 trillion.

Shares of Trump Media & Technology (DJT) ended the day more than30% higher. Crypto-related stocks also got a boost.

Investors also took stock of remarks from Fed Chair Jerome Powell, who spoke at an event in Washington, D.C., on Monday and reiterated that recent inflation readings show progress in the fight against inflation. His speech appeared to reinforce market expectations that rate cuts will arrive as soon as September.

Originally posted by: NerdyMukta

US stocks gained ground Monday, July 15th, as investors wagered that presidential candidate Donald Trump is now more likely to reclaim the White House after an unsuccessful assassination attempt strengthened his chances of victory.

The Dow Jones Industrial Average (^DJI) rose about 0.4%, closing at a new all-time high above the 40,000 threshold. The S&P 500 (^GSPC) added about 0.3%, just below a record finish, while the tech-heavy Nasdaq Composite (^IXIC) gained 0.4%.

Goldman Sachs (GS) reported a profit surge of 150% amid investment banking strength, a sign that Wall Street is rebounding from a two-year drought. Shares rose about 2.5%. Meanwhile, BlackRock's (BLK) profit beat estimates as assets under management hit a record of $10.6 trillion.

Shares of Trump Media & Technology (DJT) ended the day more than30% higher. Crypto-related stocks also got a boost.

Investors also took stock of remarks from Fed Chair Jerome Powell, who spoke at an event in Washington, D.C., on Monday and reiterated that recent inflation readings show progress in the fight against inflation. His speech appeared to reinforce market expectations that rate cuts will arrive as soon as September.