Take me to the tacos, Gemini. You may be familiar with Gemini as the thing that's in every Google service you use - whether you want it or not. While it's been a constant, sometimes unwelcome presence in Gmail for at least the past year, it's a relatively new addition to Maps . And you know what? It's kind of great. To put it to the test, I had Gemini plan a day-long itinerary for me around the ci...
Take me to the tacos, Gemini. You may be familiar with Gemini as the thing that's in every Google service you use - whether you want it or not. While it's been a constant, sometimes unwelcome presence in Gmail for at least the past year, it's a relatively new addition to Maps . And you know what? It's kind of great. To put it to the test, I had Gemini plan a day-long itinerary for me around the city. After an hour or so of having Gemini find stuff for me - playgrounds near the new light rail extension, kid-friendly restaurants with vehicle themes, you get the gist - I was impressed. Some of the suggestions were obvious, but I also bookmarked a handful of spots not on m … Read the full story at The Verge.
When Delta Air Lines kicks off the first-quarter earnings season on Wednesday, the air carrier’s results and forecast will offer a deeper look at how well U.S. customers and companies can withstand surging oil and fuel prices due to the war in Iran.
When Delta Air Lines kicks off the first-quarter earnings season on Wednesday, the air carrier’s results and forecast will offer a deeper look at how well U.S. customers and companies can withstand surging oil and fuel prices due to the war in Iran.
Bloomberg News Equities Reporter Natalia Kniazhevich joins Joe Mathieu and Christina Ruffini on Bloomberg This Weekend to discuss the latest impact the war in Iran is having on the energy markets. Watch the show LIVE every Saturday and Sunday morning. (Source: Bloomberg)
Bloomberg News Equities Reporter Natalia Kniazhevich joins Joe Mathieu and Christina Ruffini on Bloomberg This Weekend to discuss the latest impact the war in Iran is having on the energy markets. Watch the show LIVE every Saturday and Sunday morning. (Source: Bloomberg)
nonnie192/iStock via Getty Images The March CPI is expected to be a real barn burner. It is no mystery at this point as to why WTI Crude oil ( CL1:COM ) and gasoline prices are surging. The part with less clarity is how hot it will be and what it means for markets. Analysts forecast the March headline CPI to rise 0.9% month over month, up from 0.3%. Headline CPI is expected to rise to 3.3% year-ov...
nonnie192/iStock via Getty Images The March CPI is expected to be a real barn burner. It is no mystery at this point as to why WTI Crude oil ( CL1:COM ) and gasoline prices are surging. The part with less clarity is how hot it will be and what it means for markets. Analysts forecast the March headline CPI to rise 0.9% month over month, up from 0.3%. Headline CPI is expected to rise to 3.3% year-over-year. Even core CPI isn't expected to be great, rising to 0.3% m/m up from 0.2% in February, while rising 2.7% y/y from 2.5% y/y. Gasoline Prices Have Surged According to the EIA, all grades of conventional gasoline rose to $3.914 by March 31, from $2.89 in late February, a massive jump of about 35%. This is important because gasoline had a 2.812% weighting in the CPI report in February. At that kind of weight, gasoline doesn’t need to do much to move the index. A 15% increase adds roughly 0.4% to CPI, and depending on how the monthly average plays out, the contribution could approach 0.5%–0.6%. More importantly, if these effects are not fully realized in March and gasoline prices remain elevated into April, the inflation impulse could extend further. Additionally, gasoline prices are now trading near the upper end of their historical range seen during other inflationary regimes, such as the 2007 to 2008 period and 2022, and may be consistent with a longer-term inflationary regime if they do not come down quickly. Additionally, the higher gas prices between 2010 and 2016 certainly had a knock-on effect on overall economic growth. EIA.GOV The online prediction website Kalshi, which has in the past been a reliable source for CPI reports, is even pricing in a 0.9% m/m increase in inflation for March and 3.3% on a year-over-year basis , in line with analysts' estimates. Core CPI is expected to come in at 0.3% m/m and rise to 2.7% , also in line with analysts' estimates. The CPI swaps market is also pricing in a similar rise in the market y/y inflation rate, from 3.3% in Marc...
The Reflexive Rally Was Not Surprising Authored by Lance Roberts via RealInvestmentAdvice.com, The market rallied on Tuesday and Wednesday, with Tuesday’s rally one of the best trading days since 2022. However, that should also be unsurprising, since the best trading days tend to cluster with the worst market periods. As we noted in Stock Market Breadth on Monday: “The single most damaging decisio...
The Reflexive Rally Was Not Surprising Authored by Lance Roberts via RealInvestmentAdvice.com, The market rallied on Tuesday and Wednesday, with Tuesday’s rally one of the best trading days since 2022. However, that should also be unsurprising, since the best trading days tend to cluster with the worst market periods. As we noted in Stock Market Breadth on Monday: “The single most damaging decision most investors make during periods of falling stock market breadth is selling. The data on this is unambiguous. Seven of the market’s 10 best days in any given 20-year period occur within two weeks of the 10 worst days , according to JPMorgan Asset Management research. The best days follow the worst days because fear-driven selling creates dislocations that are rapidly corrected. You can see this in the chart below, that the best and worst days are clustered together.” In other words, while investors are always told to just “buy and hold” because they will miss the 10-BEST days if they don’t, investors should focus on mitigating the risk of significant capital losses during those periods. This doesn’t mean you can effectively miss all the bad days; however, given that higher-volatility periods tend to cluster, understanding when to reduce exposure can significantly improve outcomes over time. Even if you miss the 10-best days along the way. That math applies with particular force in setups like the current one. Since 1974, according to data compiled by Clear Perspective Advisors, the S&P 500 has returned more than 24% on average following a market correction. Only 25% of the 48 corrections since World War II have progressed into full bear markets. In other words, there is a 75% chance this correction will not turn into a bear market. However, dismissing that 25% entirely is just as foolish for future outcomes. This is why the rally this past week was not unexpected. Oversold conditions, exhausted sellers, aggressive short positioning, and algorithmic covering all tend to ...
It has been a particularly volatile month for stocks, with geopolitical conflicts rattling markets and investors. At the same time, tech stocks have been going through a correction, as valuations soared during the three-year bull market . Looking ahead, the view is murky. War creates uncertainty for the economy, inflation, rates, and other indicators that companies and markets rely on. During unce...
It has been a particularly volatile month for stocks, with geopolitical conflicts rattling markets and investors. At the same time, tech stocks have been going through a correction, as valuations soared during the three-year bull market . Looking ahead, the view is murky. War creates uncertainty for the economy, inflation, rates, and other indicators that companies and markets rely on. During uncertain and volatile times, it's not a bad idea to turn to the Oracle of Omaha, Warren Buffett, the former CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) . Buffett is one of the world's greatest value investors, and he built up the Berkshire Hathaway portfolio over the past 60 years to navigate times like this. Image source: Getty Images. Continue reading