Matthew Fox (Photo by Scott Heins/Getty Images) US stocks fell on Thursday after a slew of economic data suggested a recession is coming.Jobless claims, the Philly Fed Factory Index, and Leading Economic Indicators all had a weak showing.Disappointing earnings from Tesla and AT&T led to a 11% sell-off for both stocks. Loading Something is loading.… Continue reading US stocks fall as weakening data suggests recession coming for the economy
The US economy is facing the ultimate ‘trilemma’ as the Fed desperately tries to get inflation down, Mohamed El-Erian says
Top economist Mohamed El-Erian said the US central bank is facing three major obstacles at once. Policymakers are navigating a “trilemma [of] price stability, maximum jobs, and also financial stability,” he told Bloomberg TV. Meanwhile, a credit contraction in the bank sector is equivalent to 25-50 basis points of tightening. Loading Something is loading. Thanks… Continue reading The US economy is facing the ultimate ‘trilemma’ as the Fed desperately tries to get inflation down, Mohamed El-Erian says
The stock market rally has run its course as earnings highlight weakening consumer demand, strategist says
US stocks are near highs for 2023, but the rally looks set to fade, the CIO of Blanke Schein Wealth Management said. Investors should avoid a “buy-the-dip mentality” amid shaky earnings and a murky outlook for interest rates. The S&P 500 has risen 19% from its bear-market low. Loading Something is loading. Thanks for signing… Continue reading The stock market rally has run its course as earnings highlight weakening consumer demand, strategist says
SpaceX and Rocket Lab are the only consistent and reliable launch companies as other space stocks have trouble raising capital, Bank of America says
A few years ago, several space-launch companies were coming on the scene, Bank of America said. But today, just two companies have proven to have consistent and reliable operations, analysts wrote. Meanwhile, most other companies have had trouble raising capital in the risk-averse environment. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading SpaceX and Rocket Lab are the only consistent and reliable launch companies as other space stocks have trouble raising capital, Bank of America says
Markets are facing a black swan event with ‘nowhere to hide’ as the latest rally has fueled a bubble that could burst at any time, veteran technical analyst says
Markets are facing a black swan event, according to veteran strategist Jeff Bierman. Bierman pointed to a positive correlation between 5 assets, which is a sign the market is overbought. “This is a witch’s brew for the pain trade to the downside,” Bierman said in a note on Thursday. Loading Something is loading. Thanks for… Continue reading Markets are facing a black swan event with ‘nowhere to hide’ as the latest rally has fueled a bubble that could burst at any time, veteran technical analyst says
America’s richest banker quadrupled his firm’s assets last year by making a massive bet that inflation would spike
Andy Beal is America’s wealthiest banker, with a net worth of $10.3 billion. His firm’s assets shot up from $7.5 billion to $32.6 billion after making a big get on inflation, MarketWatch reported. Beal didn’t follow the pack of other regional lenders desperately looking to generate yield. Loading Something is loading. Thanks for signing up!… Continue reading America’s richest banker quadrupled his firm’s assets last year by making a massive bet that inflation would spike
US stocks end mixed after new batch of earnings reports
US stocks close Wednesday’s session on mixed footing. The S&P 500 was flat, and tech stocks pushed through rising bond yields. Tesla cut prices ahead of results, and Morgan Stanley pulled back after its earnings report. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on… Continue reading US stocks end mixed after new batch of earnings reports
The Treasury market is starting to price in the possibility of a US debt default in July
The Treasury market is starting to price in the possibility of a US debt default later this summer.The difference in yields between US Treasury bills maturing in May and July hit a record 1.49%.”Investors are likely demanding more to hold those securities at risk of delayed payment,” LPL Research said. Loading Something is loading. Thanks… Continue reading The Treasury market is starting to price in the possibility of a US debt default in July
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