Markets

Brian Evans Getty Images North America/Getty Images US stocks recovered some early losses to close mixed on Tuesday as a key indicator showed improvement.  S&P Global’s US purchasing manager indexes ticked higher, but remained in negative territory. Earnings season is also heating up, with industrial giants GE and 3M reporting early Tuesday while tech heavyweights… Continue reading US stocks trade mixed as business activity improves while earnings season heats up

The S&P 500 is on the verge of flashing a closely followed technical buy signal later this week.The “golden cross” occurs when the 50-day moving average moves above the 200-day moving average.The indicator suggests more upside could be in store for the S&P 500, which is up 15% from its October low. Loading Something is… Continue reading The S&P 500 is on the verge of flashing a closely watched ‘golden cross’ that suggests more upside ahead

Matthew Fox Photo by Spencer Platt/Getty Images US stocks jumped on Monday as investors get ready for a slew of corporate earnings results. About 25% of the S&P 500 is expected to report their fourth-quarter earnings this week.Tech stocks led the way higher on Monday after Spotify cut 6% of its workforce and an activist investor… Continue reading US stocks jump as investors get ready for a slew of corporate earnings

The S&P 500’s 42% decline in its price-to-earnings multiple is the greatest drop in nearly 50 years, according to Raymond James.The investment firm said falling interest rates and moderating inflation will help drive a rebound in valuation multiples this year. These are five reasons why valuations are poised for a rebound, according to Raymond James. Loading… Continue reading 5 reasons why stock market valuations are poised for a rebound in 2023, according to Raymond James

A corner of the market is pricing in US headline inflation falling to 2.25% by June.  But the CPI fixings market is seeing inflation falling too quickly, says Bank of America.  BofA sees a pick-up in oil prices putting upward pressure on inflation readings.  Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading A pocket of the market sees inflation drifting close to Fed’s goal by June – but BofA says don’t count on that

The New York Department of Financial Services published a set of guidelines for crypto firms on Monday. The agency reiterated that companies should keep clients’ funds separate to protect customers. Former FTX management is alleged to have misappropriated customer funds with sister trading firm Alameda Research. Loading Something is loading. Thanks for signing up! Access… Continue reading New York’s financial regulator sets sights on crypto firms mixing funds with customer assets in the wake of FTX fiasco

Crypto scandals helping push some investors away from bitcoin and toward gold, Paul Krugman said.  The Nobel Prize winner noted gold prices have been holding up even as crypto and Tesla tumbled in value.  A loss of faith in “fashionable technobabble” is helping demand for “the pet rock of ages,” he suggested.  Loading Something is… Continue reading Paul Krugman says bitcoin could be losing out to the ‘pet rock of ages’ gold because scandals are denting faith in crypto

The US hit the $31.4 trillion debt limit set by Congress on Thursday, forcing the Treasury to take “extraordinary measures.”  Those measure will keep the US out of default until about June, but after that lawmakers must raise the debt ceiling.  Wall Street heavyweights like Jamie Dimon, Larry Summers, Ed Yardeni and Nouriel Roubini have… Continue reading US default risk raises alarms across Wall Street – here’s what Jamie Dimon, Larry Summers, Nouriel Roubini and others say as debt ceiling is reached