Typically the recession becomes a lock From the time of the peak inversion of the curve to the market lows, the S&P 500 is down an average 23 per cent (median of -17 per cent). Photo by AP Photo/Richard Drew I have a belief system. I believe interest rates matter. I believe policy lags exist.… Continue reading David Rosenberg: What comes after a peak yield curve inversion? Nothing good
Stock Market Today: Stocks Choppy After Strong Jobs Data
Stocks spent most of the day lower Wednesday, as investors fretted about the Federal Reserve’s future rate-hike plans. While a second day of congressional testimony from Federal Reserve Chair Jerome Powell failed to provide any additional fireworks, investors focused on more signs of a strong labor market. However, a late burst of buying power helped… Continue reading Stock Market Today: Stocks Choppy After Strong Jobs Data
Best Mid-Cap Stocks to Buy Now
The best mid-cap stocks – typically, companies between $2 billion to $10 billion, though some indexes view them differently – are too often overlooked. Large-cap stocks are valued for their stability and dividends, while small-cap stocks are favored for their growth prospects. But avoid the happy medium at your own peril. In 2022, mid-cap stocks… Continue reading Best Mid-Cap Stocks to Buy Now
The S&P 500 could fall 20% by midyear as Powell’s hawkish testimony sets the stage for higher rates than markets were expecting, JPMorgan says
The S&P 500 could fall as far as 3,200, according to technical analysis from JPMorgan. That would represent a decline of 20% from current levels. The gloomy outlook comes after Fed Chair Jerome Powell said bigger rate hikes are possible. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading The S&P 500 could fall 20% by midyear as Powell’s hawkish testimony sets the stage for higher rates than markets were expecting, JPMorgan says
US stocks trade mixed as investors assess outlook for rates after Powell testimony
Jennifer Sor Andrew Kelly/Reuters Stocks traded mixed on Wednesday following Powell’s hawkish two-day testimony before Congress. The Fed Chair warned steeper rate hikes may be needed due to strong economic data. Higher interest rates could also raise the risk of recession, which is weighing on investors. Loading Something is loading. Thanks for signing up! Access… Continue reading US stocks trade mixed as investors assess outlook for rates after Powell testimony
The dollar is spiking against rival currencies as Fed boss Powell delivers tough talk on rate hikes
A key dollar benchmark reached its highest so far in 2023 on Wednesday. Investors are preparing for the Fed to ramp up the pace of interest rate hikes. The dollar has inflicted “technical damage” to some of its rivals, says one strategist. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading The dollar is spiking against rival currencies as Fed boss Powell delivers tough talk on rate hikes
Google, Meta, and Snap would be the biggest winners if TikTok is banned, with shares set to rise on billions in new ad revenue, CFRA says
Some US lawmakers are working to ban TikTok. That would be a boon to Snap, Meta, and Google, CFRA says. The research firm says TikTok could make $9 billion-$10 billion in US revenue in 2024. The probability TikTok will be banned is still low but it’s gone up significantly over the last six months, the… Continue reading Google, Meta, and Snap would be the biggest winners if TikTok is banned, with shares set to rise on billions in new ad revenue, CFRA says
Housing market sentiment is nearing all-time lows as Americans fret over mortgage rates and employment outlook
US housing-market sentiment is edging back to an all-time-low, according to Fannie Mae. That’s because Americans are worried over rising mortgage rates and the unemployment outlook. Markets are expecting more interest rate hikes from the Fed, which could help keep mortgage rates elevated. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Housing market sentiment is nearing all-time lows as Americans fret over mortgage rates and employment outlook
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