Markets

The stock market is poised to make a new low in October after September’s strong jobs report, according to Bank of America.The US economy added 263,000 jobs last month, and the unemployment rate dipped to 3.5%.”Only question for investors is hard landing or soft landing in 2023; we say hard landing,” BofA said. Loading Something… Continue reading The stock market is headed for a new 2022 low in October after strong jobs report strengthens the Fed’s case for more hawkish rate hikes, BofA says

Matthew Fox Spencer Platt / Getty Images US stocks plunged on Friday after a strong September jobs report solidified an outsized Fed rate hike in November.The US economy added 263,000 jobs last month, and the unemployment rate fell to 3.5%.”Today’s job report indicates the job market keeps chugging along – and the Fed has more… Continue reading Nasdaq plunges nearly 4% as US stocks sell off after strong jobs report solidifies outlook for another big rate hike

The strong September jobs report confirmed that good economic news is still bad news for the stock market.But there is a silver lining to the jobs numbers, according to investment manager Louis Navellier.The continued economic strength “should lead to a better earnings season,” he said. Loading Something is loading. Thanks for signing up! Access your… Continue reading Good news is still bad news for the stock market, but there is a silver lining to Friday’s strong jobs report

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Efforts to cap Russian oil prices would fundamentally shift the balance of power between OPEC and the West, according to an oil analyst.  A scheme that tilts pricing power to the US and Europe “shifts the unspoken red lines,” tweeted Karim Fawaz, director for energy advisory at S&P Global.  “The more tools consumers have in… Continue reading A Russian oil price cap would fundamentally shift the balance of power between OPEC and the West, analyst says; ‘the rules of the game are changing’

European leaders were close to a consensus on a gas-pricing system that should lead to price caps, Spain’s Energy Minister said.  Consensus may be reached around an alternative benchmark price to the Dutch Title Transfer Facility.  EU leaders may reach some agreement by the time they meet later in October.  Loading Something is loading. Thanks… Continue reading Spain’s energy minister says EU leaders are nearing a consensus on a gas-pricing system

Jennifer Sor Reuters / Brendan McDermid Stocks slipped Thursday as bond yields jumped ahead of the highly anticipated September jobs report on Friday. Early signs point to cooling in the labor market, with jobless claims rising more than expected and layoff notices up 46% in September. Minneapolis Fed President Neel Kashkari said central bankers are… Continue reading US stocks slip as bond yields edge higher and investors brace for key September jobs report

Fairlead’s Katie Stockton thinks the stock market’s current weakness is temporary.The bull market stemming from 2009 lows is still intact even if the S&P 500 falls to 3,200, she said.”I still do see this as a cyclical bear cycle within a secular bull trend,” Stockton told CNBC last week. Loading Something is loading. It’s been… Continue reading The secular bull market in stocks that started in 2009 is still intact even if the S&P 500 trades another 15% lower, Katie Stockton says