Stocks closed lower to start the holiday-shortened week as investors took some profits off the table following lengthy weekly win streaks for all three benchmarks. Anticipation surrounding this week’s congressional testimony from Federal Reserve Chair Jerome Powell also pressured the broader market. “Fed Chairman Powell testifies before Congress on Tuesday and Wednesday,” writes Argus… Continue reading Stock Market Today: Stocks Close Lower Ahead of Powell Testimony
China’s economy is undergoing a structural transition, so don’t expect a massive stimulus package, analyst says
China’s economy is transitioning away from previous growth drivers, UBS analyst Tao Wang wrote. That means Beijing is unlikely to launch the type of stimulus that earlier downturns saw. “Large stimuli cannot address deep-rooted structural issues,” the economist wrote in the Financial Times. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading China’s economy is undergoing a structural transition, so don’t expect a massive stimulus package, analyst says
A rolling recession in the economy is turning into a rolling recovery that should help limit downside in the stock market
A rolling recession in the economy has turned into a rolling expansion, according to market veteran Ed Yardeni.He said the resilience of underlying sectors of the economy should help limit stock market downside. “We expect that consumers will have enough purchasing power to keep the economy growing.” Loading Something is loading. Thanks for signing up! Access… Continue reading A rolling recession in the economy is turning into a rolling recovery that should help limit downside in the stock market
China is trying to dig up hidden, unpaid government bills in an attempt to minimize financial risk
China is looking into hidden, unpaid debt across local governments, sources told Bloomberg. Officials have launched nationwide inspections in a sign that Beijing is trying to minimize financial risk. China has more than 3,000 administrative units, with many relying on “local government financing vehicles.” Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading China is trying to dig up hidden, unpaid government bills in an attempt to minimize financial risk
The housing market is so tight that home prices are 44% higher than before the pandemic
The median home price in the US is around $419,000, or 44% higher than January 2020, Redfin data shows. The real estate group also said there are 39% fewer total homes for sale compared to pre-pandemic. Freddie Mac estimates that the US housing market faces a shortfall of about 3.8 million units of housing. Loading… Continue reading The housing market is so tight that home prices are 44% higher than before the pandemic
Brace for a short drop in house prices before dwindling supply drives the market back up, analyst says
Home prices will fall for a brief period before trending higher, according to Black Knight analyst Andy Walden. That’s because housing stock levels are plunging, recently falling to their lowest level since April 2022. “Even with demand suppressed, I think you’re going to continue to see prices firm up and trend higher,” Walden told CNBC.… Continue reading Brace for a short drop in house prices before dwindling supply drives the market back up, analyst says
AI Has Powerful Potential to Make Investing Decisions Easier
In today’s fast-paced financial markets environment, investors face a consistent challenge: how to effectively navigate the risks and uncertainties while generating meaningful returns on their invested capital. However, a watershed moment is upon us as the development of artificial intelligence (AI) has emerged as a game-changer, equipping investors with valuable insights to steer through turbulent… Continue reading AI Has Powerful Potential to Make Investing Decisions Easier
The stock market just signaled that the ongoing rally is broadening and has more room to run
An indicator tied to the NYSE just flashed a bullish signal that suggests more upside ahead, according to Fairlead Strategies.The firm highlighted the recent breakout in the Advance-Decline line as breadth begins to improve.”Expansion in breadth should contribute to the sustainability of the uptrend,” Fairlead Strategies said. Loading Something is loading. Thanks for signing up!… Continue reading The stock market just signaled that the ongoing rally is broadening and has more room to run
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