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Ballestas Group
Jan 2, 20231 min read
2022 a Year Defined by Inflation Pressure, Aggressive Fed Policy & Geopolitical Tension
Existing home sales fell in November for the sixth time, falling to their second lowest level on record. The index fell 4% last month to...
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Ballestas Group
Dec 26, 20221 min read
Consumer Confidence Improves Going into Last Trading Week
The Senate approved the budget for fiscal year 2023, which contemplates spending of USD 1.7 trillion. It includes a defense budget valued...
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Ballestas Group
Dec 19, 20221 min read
Transition From Higher in a Hurry to Data Dependency
On Wednesday, the Federal Reserve approved an interest rate increase of 0.5%, a smaller increase than the previous increase of 0.75%....
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Ballestas Group
Dec 12, 20221 min read
All Eyes on Inflation Data and FOMC Meeting
The U.S. prepared new sanctions for Russia and China in relation to human rights abuses. The sanctions imposed on Russia are expected to...
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Ballestas Group
Dec 5, 20221 min read
2023 Will Focus on Economic Growth & Corporate Earnings
Last Wednesday, in a press conference, the president of the FED Jerome Powell hinted that the Federal Reserve may reduce the pace of the...
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Ballestas Group
Nov 27, 20221 min read
FED Indicates Willingness to Slow Down Hikes
The minutes of the Federal Reserve's Open Committee, released Wednesday, suggest that it will be appropriate "soon" to slow the pace of...
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Ballestas Group
Nov 21, 20221 min read
Democrats Retain Control of the Senate
President Joe Biden met with his Chinese counterpart Xi Jinping in Bali, taking advantage of the G20 summit. The meeting lasted two hours...
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Ballestas Group
Nov 11, 20221 min read
FTX Cryptocurrency Exchange Files for Bankruptcy
Three days from the end of the midterm elections, it is still not clear who will be in control of Congress. In the lower house, the...
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Ballestas Group
Nov 7, 20221 min read
When will the FED Pivot?
The Federal Reserve was the protagonist in the week, after communicating on Wednesday its decision to increase the interest rate by 75...
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Ballestas Group
Oct 31, 20221 min read
Big Tech Earnings
The corporate earnings season in the United States moved at the pace of the big technology companies Among them Apple, Amazon, Alphabet,...
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Ballestas Group
Oct 24, 20221 min read
Netflix Returns to Growth
US treasury bonds reached their highest yield since 2007 with the 10 year bond trading at 4.23%. The two year rate stood at 4.5%. Big...
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Ballestas Group
Oct 13, 20221 min read
3Q Earnings Season Kicks Off
The corporate reporting season has officially begun with the publication of results by the largest US banks JP Morgan, Wells Fargo and...
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Ballestas Group
Oct 10, 20221 min read
Bad News is Good News for the Market
Employment grew in the month of September by 263,000 positions. The unemployment rate declined to 3.5% equaling the lowest level in the...
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Ballestas Group
Sep 29, 20221 min read
A Week of Positive Surprises
In a week of positive surprises, August Durable Goods Orders fell 0.2% m/m, while the Conference Board Consumer Confidence for September...
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Ballestas Group
Sep 23, 20221 min read
New Normal of the American Economy
On Wednesday, the Fed approved a new interest rate hike of 75 basis points for the third time in a row, pushing the Central Bank's...
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Ballestas Group
Sep 15, 20221 min read
Uncertainty ahead of Fed rate hike
The inflation rate in the US fell from 8.5% to levels of 8.3% (consensus expected it to fall to 8.1%). For its part, the underlying rate...
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Ballestas Group
Sep 9, 20221 min read
Actions to reduce Inflation
The interest rate curve is moving up after the latest comments from the Federal Reserve Chairman Jerome Powell, in which he reaffirmed...
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Ballestas Group
Sep 2, 20221 min read
Healthy Jobs Report
The week began unstable after it became known that job offers for July were 11,239 thousand, above what was expected and the record for...
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Ballestas Group
Aug 25, 20221 min read
The Fight Against Inflation is Not Over
Jerome Powell, chairman of the Federal Reserve, said there will be more interest rate hikes, slow growth and "pain" for households and...
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Ballestas Group
Aug 21, 20221 min read
U.K. Inflation Reaches 40-year High
This week the minutes of the Fed's monetary policy meeting in July were published, where it was pointed out that it might be appropriate...
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