Market Musings 280123: Breakouts multiply
Market Musings 280123: Breakouts multiply
Stock market breakouts multiply
Summary
Recession fears calm, for nowUS earnings season is not as awful as one might have expectedSamp;P 500 finally breaks out of 2022 downtrendLeading sectors: Semiconductors, Luxury GoodsWatch the CAC-40, FTSE 100 for evidence of new all-time highsUranium prices pick up momentum
Podcast: The ChatGPT AI revolution
What is ChatGPT?What is used for?How does it work?Does it have a promising future?What is its potential impact on the quoted Tech sector?
Recession fears calm, for now
The twin motors of better-than-expected economic momentum and declining inflation rates in the US and Europe have underpinned the continued global stock market recovery in January, aided and abetted by Chinese reopening.
Global stocks continue to move higher
Source: tradingview.com
Earnings season not as bad as feared
Q4 earnings season in the US and Europe is a little bumpy, with some shockingly poor results from household names such as Intel. But in general, earnings for the end of last year have come in better than expected, with a...