Stocks kicked off October with a bang, as a “bad news is good news” economic report sent Treasury yields retreating and prompted investors to take a bite of risk. Specifically, the Institute for Supply Management’s purchasing managers’ index fell to 50.9 in September from the August reading of 52.8. This is the lowest level since… Continue reading Stock Market Today: Dow Spikes 765 Points to Start Q4
What the Midterms Mean for Stocks
The United States has midterm elections on Tuesday, Nov. 8. The midterms will determine control of the Senate and the House of Representatives, as well as the governorships of 36 states, including large population ones like California, Florida, New York and Texas. This promises to be the most significant and critically important election in memory.… Continue reading What the Midterms Mean for Stocks
Stocks won’t find a bottom without more clarity on the timing of an economic rebound, and the market will be under pressure for up to 12 months, Morningstar says
Morningstar expects over the next six to 12 months that the stock market will remain under pressure and volatility will stay high for the foreseeable future. The equity market is “significantly undervalued” and is trading at about a 20% discount to fair value, said the firm in its Q4 outlook. It also expects the federal… Continue reading Stocks won’t find a bottom without more clarity on the timing of an economic rebound, and the market will be under pressure for up to 12 months, Morningstar says
Dow soars 764 points to kick off October as US stocks surge on slide in US dollar and lower bond yields
Matthew Fox Xinhua/Wang Ying/ Getty Images US stocks kicked off October with strong gains as all major market indices jumped over 2%.The surge came amid a decline in the US dollar and a slide lower in bond yields.The rally was initially sparked by the UK government’s reversal of its tax-cut proposal. Loading Something is loading.… Continue reading Dow soars 764 points to kick off October as US stocks surge on slide in US dollar and lower bond yields
A soaring US dollar will force the Fed to pivot away from its interest rate hikes, but that won’t be enough to prevent an earnings recession, Morgan Stanley says
The Federal Reserve will likely follow in the Bank of England’s footsteps and pivot, according to Morgan Stanley.The bank said global US dollar liquidity is now in the “danger zone where bad stuff happens.”But stock investors shouldn’t be too excited by any Fed pivot because an earnings recession is imminent, Morgan Stanley said. Loading Something… Continue reading A soaring US dollar will force the Fed to pivot away from its interest rate hikes, but that won’t be enough to prevent an earnings recession, Morgan Stanley says
US home prices are falling at the fastest rate since the Great Financial Crisis, says Black Knight
Home prices fell in August for the second straight month, according to data from Black Knight. Median prices fell 0.98% in August, following July’s upwardly revised 1.05% monthly decline. They mark the biggest single-month price declines since January 2009 and are among the eight largest on record. Loading Something is loading. Home prices fell in… Continue reading US home prices are falling at the fastest rate since the Great Financial Crisis, says Black Knight
Advanced economies need to change course on monetary policy as excessive central bank tightening risks sparking a global recession, UN trade group says
Advanced economies need to change course on monetary policy, as central bank tightening could be sparking a global recession. The idea that central banks can lower inflation with more rate hikes and avoid a recession is “an imprudent gamble,” a UN trade group said. The group trimmed its growth estimates for the global economy this… Continue reading Advanced economies need to change course on monetary policy as excessive central bank tightening risks sparking a global recession, UN trade group says
Investing Portfolio Peace of Mind, Now and in Retirement
Retirement savers should know how their investments are doing, but they should try not to become too obsessed with the ups and downs of the market. The market will always fluctuate — that’s how the financial world works. Political unrest, turbulent foreign affairs, election results or even a viral social media post can cause shifts… Continue reading Investing Portfolio Peace of Mind, Now and in Retirement
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