Stock Market Today: Inflation Enthusiasm Fades, But Stocks Still End Higher

 Stocks skyrocketed out of the gate Tuesday after the latest economic data showed inflation continued to ease in November.  Specifically, the Labor Department this morning said its consumer price index (opens in new tab) not only grew at a slower pace than what economists were expecting, but also moderated from the growth seen in October.… Continue reading Stock Market Today: Inflation Enthusiasm Fades, But Stocks Still End Higher

Inflation Cools in November: What the Experts Are Saying

Inflation cooled for a second straight month in November and by far more than economists were expecting, helping to bolster the case that our current period of fast-rising prices (opens in new tab) might be receding into the past. The Consumer Price Index rose just 0.1% last month (opens in new tab) vs. a 0.4%… Continue reading Inflation Cools in November: What the Experts Are Saying

US stocks rise but pare most gains after inflation cools in November and investors brace for final Fed decision of 2022

US stocks ended Tuesday’s session with a win but came off session highs.  Stocks initially surged after November CPI cooled to 7.1%, the lowest rate in nearly a year.  The Fed is likely to deliver its 7th rate increase at its final meeting of 2022 on Wednesday.   Loading Something is loading. Thanks for signing up!… Continue reading US stocks rise but pare most gains after inflation cools in November and investors brace for final Fed decision of 2022

Billionaire David Rubenstein says a recession is coming, tech valuations are set to fall further, and the Fed is going to have to get unemployment to 6% to get inflation down

In a new interview with LinkedIn, Billionaire David Rubenstein weighed in on the biggest market risks, adding that a recession is likely near. The Carlyle Group cofounder says “until we get unemployment to about 6%, we’re not likely to get inflation down appreciably.” Rubenstein also said tech valuations are set to fall further. Loading Something… Continue reading Billionaire David Rubenstein says a recession is coming, tech valuations are set to fall further, and the Fed is going to have to get unemployment to 6% to get inflation down

Recession fears have crushed risk appetite for stocks in December, but easing inflation brightens the outlook on consumer sectors, S&P says

Risk appetite for US stocks among institutional investors plunged in December, S&P Global Market Intelligence said Tuesday. The firm’s Risk Appetite Index veered to negative 13% from neutral in November.  The macro environment is a key concern with nearly one-in-eight investors anticipating a deep recession in 2023.  Loading Something is loading. Thanks for signing up!… Continue reading Recession fears have crushed risk appetite for stocks in December, but easing inflation brightens the outlook on consumer sectors, S&P says

Billionaire investor Howard Marks says financial markets are going through their 3rd ‘sea change’ of the last 50 years. Here are the 6 best quotes from his letter to investors.

Billionaire Howard Marks says markets are in the middle of the third “sea change” of his 53-year career.  Previous changes were in risk appetite and in the interest rate environment.  Today, the post-crisis era of low returns is over, and “full returns” are possible but old investing strategies will be tested.  Loading Something is loading.… Continue reading Billionaire investor Howard Marks says financial markets are going through their 3rd ‘sea change’ of the last 50 years. Here are the 6 best quotes from his letter to investors.

OPEC slashes oil demand outlook on global economic uncertainty after earlier predictions of supply shortfalls

OPEC slashed oil demand outlook on Tuesday on signs of global uncertainty.  The cartel now predicts demand will be roughly 380,000 barrels a day below previous estimates.  “The year 2023 is expected to remain surrounded by many uncertainties, mandating “vigilance and caution,” OPEC said.  Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading OPEC slashes oil demand outlook on global economic uncertainty after earlier predictions of supply shortfalls