From Nasdaq Listings:

Nasdaq’s IR team provides a roundup of market and economic news, noting sticky US inflation, higher EPS growth, and positive guidance. Goldman Sachs Global Investment Research highlights low volatility and questions if the market’s response to Fed rate cuts will cause a tantrum. John Stoltzfus of Oppenheimer Asset Management reports a dip in the Bull & Bear Indicator, indicating lower equity market breadth.

Barclays’ Emmanuel Cau suggests that improved financial conditions might be driving the market’s upward trend. JP Morgan’s survey-based sentiment shows a mixed reaction, with 44% planning to increase equity market exposure. Despite weak consumer sentiment, consumer confidence is improving, especially in strong job markets.

The stock market remains lower, and various other indicators, such as crude oil prices, gold, and Bitcoin, are fluctuating. A key takeaway indicates that 78% of S&P500 companies beat EPS estimates, suggesting that CommunicationServices, Tech, and Discretionary sectors are driving earnings growth.

Natural gas prices in the US continue to plunge, hitting a near three-decade low due to the predicted warmest winter on record. A new investment fund targets $380 million for biodiversity credits that will improve land management and biodiversity.

In other news, the US has seen a drop in the number of heating degree days by 7% over the past two decades, according to the US Energy Information Administration. Meanwhile, container lines are struggling with port congestion and ship shortages while semiconductor suppliers voice concerns over Biden’s chips plan. Oil and energy headlines reveal that Russian oil refining is falling, seaborne crude flows in Russia are at risk as India shuns a key grade, and China’s travel spending beats pre-COVID levels.



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