Bets that the Fed will reaccelerate the pace of rate hikes in March flew higher Tuesday. Fed funds futures pricing suggests 61.6% odds of a half-point increase, up from 31.4% on Monday. Getting inflation back to 2% is “likely to be bumpy,” Fed Chair Jerome Powell told senators. Loading Something is loading. Thanks for signing… Continue reading Markets are pricing in higher odds of a bigger Fed rate hike this month as Powell delivers hawkish testimony and key bond yields top highest level since 2007
Tesla no longer Morgan Stanley’s top U.S. automaker pick
Morgan Stanley analyst now prefers Italian luxury-car maker Ferrari NV Author of the article: Bloomberg News Chiara Remondini Published Mar 06, 2023 • 2 minute read Join the conversation The Ferrari logo on the hood of a 488 GTB sports vehicle parked outside of the New York Stock Exchange. Photo by John Taggart/Bloomberg files Tesla… Continue reading Tesla no longer Morgan Stanley’s top U.S. automaker pick
3 factors affecting our currency that will hurt Canadians for years to come
Canadians will have to get used to a weaker, range-bound loonie for some time Published Mar 06, 2023 • Last updated 17 hours ago • 3 minute read 7 Comments Higher interest rates will have a bigger impact on the Canadian economy and inflation than in the U.S., writes Martin Pelletier. Photo by Mark Blinch/Reuters/File Photo… Continue reading 3 factors affecting our currency that will hurt Canadians for years to come
Stock market’s fate will be determined in the next 13 trading sessions
Four coming events that will make or break this year’s rally Author of the article: Bloomberg News Jessica Menton and Elena Popina Published Mar 05, 2023 • Last updated 11 hours ago • 4 minute read Join the conversation Traders will be monitoring four major events in the next 13 trading sessions. Photo by REUTERS/Brendan… Continue reading Stock market’s fate will be determined in the next 13 trading sessions
FP Answers: Should I include a pension as part of my fixed-income holdings when determining my asset mix?
If volatility bothers you, including your pension in your portfolio allocation may not be a good idea A Canada Pension Plan statement of contributions. Photo by Getty Images/iStockphoto By Julie Cazzin with Allan Norman Advertisement 2 This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe… Continue reading FP Answers: Should I include a pension as part of my fixed-income holdings when determining my asset mix?
Circumstances may cause investors some delays, but never lose sight of your goal
There’s a lot of money to be made in highly cyclical industries by managing the lag effect A trader works on the floor of the New York Stock Exchange. Photo by Brendan McDermid/Reuters files One of the delights of driving an electric car is the pasted-in-your-seat acceleration. There’s nothing like it. You push the pedal… Continue reading Circumstances may cause investors some delays, but never lose sight of your goal
Stock Market Today: Snap Stock Soars in a Quiet Day for Markets
Stocks closed mostly higher Monday, with two of the three major benchmarks building on Friday’s positive momentum. Amid a relatively bare economic and earnings calendar, investors took in a deluge of single-stock news, including reports of a potential nationwide TikTok ban – which sent Snap (SNAP (opens in new tab)) stock soaring. The Dow Jones… Continue reading Stock Market Today: Snap Stock Soars in a Quiet Day for Markets
US stocks end mixed as investors brace for Powell’s testimony to Congress
US stocks closed Monday mixed, with a small gain for the S&P 500. Equities appeared in a holding pattern until Fed boss Jerome Powell delivers testimony about monetary policy this week. The 10-year Treasury yield edged higher after pulling back at the end of last week. Loading Something is loading. Thanks for signing up! Access… Continue reading US stocks end mixed as investors brace for Powell’s testimony to Congress