Could Overly Easy Credit and a Soaring Stock Market Threaten the Fed’s Fight Against Inflation? As the Federal Reserve kicks off its two-day meeting, stocks continue to rally, with the S&P 500 ending January with a gain of 6.2%. The tech sector performed even better, with a 9.2% increase in the same period. Meanwhile, interest … Read more
Stocks fell on Tuesday as investors struggled to maintain momentum during a busy stretch of corporate earnings. The Dow Jones Industrial Average fell by 166 points or 0.5%, the S&P 500 slipped by 0.6%, and the Nasdaq Composite dropped by 0.4%. The market moves on Tuesday came after a solid start to the week, with … Read more
On Wednesday, Microsoft announced that it will be letting go of 10,000 employees through March 31st as the company anticipates slower revenue growth. In addition, Microsoft will also be taking a $1.2 billion charge. This news comes as several other technology companies, such as Alphabet, Amazon, and Salesforce, have also recently reduced their headcount. The … Read more
On Tuesday, the Dow Jones Industrial Average struggled to maintain its early 2023 momentum as investors weighed the latest earnings results. The blue-chip index, which is a stock market index that tracks 30 of the largest and most widely traded publicly listed companies in the United States, lost 391.76 points, or 1.14%, to close at … Read more
Today, markets are closed. However, this should not stop investors from constantly seeking to improve and learn more about the market. Even when markets are closed, there are always others around the world working to gain an advantage. In order to succeed in the long run, it is important to be constantly learning and improving … Read more
Bitcoin and other cryptocurrencies were weaker on Monday, in line with the stock market, extending recent declines ahead of what could be a turbulent week of trading. The price of BitcoinBTCUSD –1.58% shed less than 1% over the past 24 hours to around $21,200, off earlier daily lows below $21,000. The largest digital asset started its latest plunge … Read more
A preoccupation with peak hawkishness from central banks is jumping the gun, according to Jean-Paul Jaegers, head of asset allocation at Barclays Wealth & Investments. Major central banks throughout the world have been tightening monetary policy and raising interest rates in a bid to contain runaway inflation in recent months. However, some stock markets staged a mild relief … Read more
Consumer inflation data and the start of the second-quarter earnings season could be two catalysts that make for a bumpy ride in markets in the week ahead. PepsiCo’s earnings are the first major report of the week Tuesday, and Delta Air Lines reports Wednesday. JPMorgan Chase and Morgan Stanley kick off bank earnings season Thursday, and Wells Fargo, Citigroup and PNC Financial, among others, follow … Read more
Zoltan Pozsar Warned Us In a post about a month ago (The Fed Isn’t Your Friend), we wrote about Zoltan Pozsar’s warning that the Fed’s helicopters were going to be dropping “financial” napalm on the stock market. In a nutshell, Pozsar’s argument was that the Fed needed a reverse wealth effect (a poverty effect?) to … Read more
After first Barclays and then Jefferies caused a stir by making a 75bps rate hike this Wednesday their base case, moments ago Standard Chartered head of global FX research and NA macro strategy, Steven Englander, upped the ante once again this morning when he said that while his team expects a 50bps hike at the … Read more
