If we end up seeing a recession in the U.S. later in 2023 or in 2024, it may go down as one of the most widely anticipated in recent history. Investors and markets tend to react to a recession well in advance of an official announcement. With this uncertainty hanging over our heads, it’s common… Continue reading Fearing a Recession? Five Things to Do Now to Your Portfolio
US stocks trade mixed as investors await big inflation report
Matthew Fox Traders look on after trading was halted on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 18, 2020 Lucas Jackson/Reuters US stocks were mixed on Tuesday as investors prepared for the March consumer price index.The inflation report should give investors a better idea if the Fed will… Continue reading US stocks trade mixed as investors await big inflation report
High stock valuations suggest investors think the US economy will avoid recession, but expecting more equity gains is a stretch, Barclays says
The S&P 500 is up about 18% from its October lows, getting close to reach bull-market status. But Barclays says “the bull case for equities, like valuations, is still a stretch.” Earnings estimates are still high for an economy that’s unlikely to skirt a recession, the bank says. Loading Something is loading. Thanks for signing… Continue reading High stock valuations suggest investors think the US economy will avoid recession, but expecting more equity gains is a stretch, Barclays says
Wharton professor Jeremy Siegel reveals his investment plan if a recession hits and reiterates his view that the stock market bottom is in
Long-time stock market bull Jeremy Siegel is getting more cautious about a potential recession.The Wharton professor said that a slew of recent economic data did not include the impact of the US banking crisis. Despite the potential for a recession, Siegel believes the October stock market lows will hold firm. Loading Something is loading. Thanks for… Continue reading Wharton professor Jeremy Siegel reveals his investment plan if a recession hits and reiterates his view that the stock market bottom is in
The crypto market rally is built on hopes of Fed rate hike slowdown and looming US credit crunch, Galaxy Digital’s Mike Novogratz says
Bitcoin notched a 10-month high Tuesday amid a broader upswing in crypto markets. Galaxy Digital CEO Mike Novogratz said markets are pricing in a Fed rate hike slowdown and a US credit crunch. In an interview with CNBC, he said recent bank failures “re-galvanized” crypto’s original use case. Loading Something is loading. Thanks for signing… Continue reading The crypto market rally is built on hopes of Fed rate hike slowdown and looming US credit crunch, Galaxy Digital’s Mike Novogratz says
Russia’s economy is becoming more dependent on China as yuan purchases more than triple
The Russian economy increased its dependence on China as the yuan becomes more prevalent. Russians bought 41.9 billion rubles worth of the yuan in March, the central bank said. That’s more than triple the 11.6 billion rubles worth that was purchased in February. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Russia’s economy is becoming more dependent on China as yuan purchases more than triple
Stock Market Today: Stocks Close Mixed on Rate Hike Jitters
Stocks closed mixed Monday in a quiet session following a long holiday weekend. Traders and investors largely focused on last week’s March jobs report, which was released when the market was closed for Good Friday. Although payrolls expanded by the lowest number in more than two years, continuing labor market strength is predicted to push… Continue reading Stock Market Today: Stocks Close Mixed on Rate Hike Jitters
US tech stocks close lower in mixed session as investors weigh recession worries alongside potential for another Fed rate hike
US stocks ended Monday’s session mixed, with the Nasdaq trailing rival indexes. Investors returned from the Good Friday break anticipating another Fed rate hike after the March jobs report. Consumer inflation data and the first bank earnings after Silicon Valley Bank’s collapse are due this week. Loading Something is loading. Thanks for signing up! Access… Continue reading US tech stocks close lower in mixed session as investors weigh recession worries alongside potential for another Fed rate hike
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