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We are proud to announce that as of 13th June 2024 we are a Private Client facility. All subscribers were migrated, free of charge, to our Private Client services so we could concentrate on you personally, rather than focus on a subscriber model.

After speaking to many of you personally you had told us you preferred this course of action, and so we listened!

Our duty of care is to you first and not to subscriber numbers. Our duty of care is to grow your wealth. Our AI engine (Aeryn) has had some phenomenal success over this past year and we'd like to continue that but feel it is only really possible if we concentrate on building the AI around each of our treasured clients.

US: Jobless Claims Jump - Highest level in 10 Months

13 June 2024 - 09:37

More data is fitting in with what our models are predicting. The latest data today (the 13th June 2024) shows the number of Americans filing for unemployment benefits has risen to the highest level in a 10-month window, suggesting that the labor market might be feeling the strain of elevated interest rates and is in general, slowing down.

For the week ending June 8, jobless claims rose by 13,000 to 242,000, up from the previous week's 229,000, according to the Labor Department on Thursday. This figure exceeded analysts' expectations of 225,000 new claims and marked the highest level since August 2023.

The four-week moving average of claims, which smooths out some of the weekly fluctuations, increased to 227,000, up by 4,75 ...

US: Inflation Eases in May 2024. But Details Not Good.

12 June 2024 - 14:13

Wednesday 12th June 2024 saw the Dow Futures jump over 200 points as the latest data from the Bureau of Labor Statistics (BLS) has revealed that consumer price increases moderated in May in the United States.

The Consumer Price Index (CPI) remained unchanged from the previous month and rose 3.3% year-over-year in May. This represents a slowdown from April's 0.3% month-over-month increase and 3.4% annual gain. Both figures were lower than economists had anticipated and marked the lowest monthly headline reading since July 2022.

A drop in energy prices, particularly gasoline, contributed to the decline in headline CPI. On a "core" basis, which excludes the volatile costs of food and gas, prices in May increased by 0.2% mont ...

Investors Reducing Exposure to US Debt

10 June 2024 - 12:36

Bond investors, concerned about persistently high inflation, have decreased their holdings of longer-dated U.S. Treasuries in anticipation of the Federal Reserve's two-day monetary policy meeting this week, during which it is expected to keep interest rates unchanged.

The Federal Open Market Committee (FOMC) of the U.S. central bank is widely anticipated to maintain its benchmark overnight interest rate in the 5.25%-5.50% range for the seventh consecutive meeting on Wednesday. Fed Chair Jerome Powell is expected to continue emphasizing a cautious approach to easing monetary policy in his press conference, though he is unlikely to signal any urgency to cut rates soon due to ongoing inflationary pressures and a robust labor market. The U.S. rate futures ...

TSMC: AI Chip Production Giving Sales a Boost

07 June 2024 - 10:14

Taiwan Semiconductor Manufacturing (TSMC), the world's largest contract chipmaker, reported better-than-expected sales in May due to increased production of artificial intelligence chips and a recovery in PC demand, leading to a rise in TSM stock.

TSMC announced a 30.1% increase in May sales year-over-year in local currency, though sales dipped 2.7% from April. Year-to-date, TSMC's sales have grown 27%.

Bernstein analyst Mark Li noted that TSMC's second-quarter sales are surpassing expectations. "If June follows the average seasonality of the past eight years, Q2 2024 revenue would be 12% above both the guidance midpoint and consensus," said Li, who rates TSM stock as outperform.

FactSet analysts forecast TSMC wil ...

US: 272,000 Jobs Added in May; Unemployment ticks Higher

07 June 2024 - 09:08

In another data point that will make the Federal Reserve's job more difficult on rate cuts, the US labor market saw unexpected growth in May, defying earlier signs of an economic slowdown.

According to the Bureau of Labor Statistics data released on Friday, the labor market added 272,000 nonfarm payroll jobs in May, surpassing economists' expectations of 185,000. This is a significant increase from the 165,000 jobs added in April.

However, the unemployment rate rose to 4% from 3.9% in the previous month. Wage growth, a key indicator of inflation, increased by 4.1% year over year, reversing a previous downward trend. On a monthly basis, wages grew by 0.4%, up from a 0.2% gain in the prior month.

The labor force par ...

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investorAi Investment driven Artificial Intelligence^TM

Private Client

US: Jobless Claims Jump - Highest level in 10 Months

US: Inflation Eases in May 2024. But Details Not Good.

Investors Reducing Exposure to US Debt

TSMC: AI Chip Production Giving Sales a Boost

US: 272,000 Jobs Added in May; Unemployment ticks Higher

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Services Overview

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investorAi Investment driven Artificial IntelligenceTM

Private Client

US: Jobless Claims Jump - Highest level in 10 Months

US: Inflation Eases in May 2024. But Details Not Good.

Investors Reducing Exposure to US Debt

TSMC: AI Chip Production Giving Sales a Boost

US: 272,000 Jobs Added in May; Unemployment ticks Higher

Options

Services Overview

Contact Us

Check it out

investorAi Investment driven Artificial Intelligence^TM