Investors can find plenty to stress about as voters try to pick congressional candidates they believe will best help the nation navigate through inflation, labor shortages, a possible recession, international conflicts and divisive social issues. Here’s one bit of reassurance: If history is any guide, at least you don’t have to worry too much about… Continue reading For Stocks, the Midterms May Not Matter. Here’s Why That’s A Good Thing.
Technical Analysis Says This Stock Market Rally Has Legs
The S&P 500 is in the midst of a remarkable rally and continues to show signs of strength, leading some technical analysts to predict even more upside ahead. To be sure, no one is calling for the end of the bear market. It’s not even clear that the bottom of the current bear market is… Continue reading Technical Analysis Says This Stock Market Rally Has Legs
US stocks end higher after paring gains sharply in volatile trade as rally continues
US stocks closed higher Tuesday after paring gains in a volatile trading session. Strong earnings reports from Goldman Sachs and Johnson & Johnson helped fuel early bullishness. Earnings season will continue Wednesday, highlighted by Tesla’s quarterly report. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading US stocks end higher after paring gains sharply in volatile trade as rally continues
EU ramps up Russian LNG purchases by 50% this year as Moscow cuts off natural gas pipeline supplies
The EU ramped up its purchases of Russian LNG this year, as Moscow slashes gas supplies via pipeline. Imports of Russian LNG totaled 15 billion cubic meters through September, up 50% from last year. Europe is scrambling to replace slashed pipeline flows through LNG purchases, which have allowed Moscow to pull in hefty amounts of… Continue reading EU ramps up Russian LNG purchases by 50% this year as Moscow cuts off natural gas pipeline supplies
Target shares could climb 24% as the retailer steers through economic and inventory challenges, Jefferies says
Target shares rose Tuesday after Jefferies said it sees big upside in the retailer’s stock price. The company was upgraded to a buy rating, with a price target of $185, or roughly 20% above current levels. Jefferies also rated Walmart a buy and sees both companies outperforming amid economic challenges. Loading Something is loading. Thanks… Continue reading Target shares could climb 24% as the retailer steers through economic and inventory challenges, Jefferies says
Investors likely used shady methods to move $45 billion out of China as the yuan continues its decline
China is seeing huge volumes of cash leave its financial markets as the yuan declines against the dollar. In the first six months of the year, China saw a net $101 billion in outflows from stocks, bonds and direct investment. China labeled $45.2 billion in outflows as “errors and omissions,” which likely indicates illegal or… Continue reading Investors likely used shady methods to move $45 billion out of China as the yuan continues its decline
JPMorgan’s Marko Kolanovic recommends trimming exposure to stocks as risk of a hawkish policy error by the Fed rises
One of Wall Street’s biggest bulls is getting less bullish on stocks, according to a Monday note.JPMorgan’s Marko Kolanovic trimmed his overweight exposure to equities due to the rising risk of a Fed policy error.”The increasingly hawkish rhetoric from central banks, and escalation of the war in Ukraine are likely to delay the economic and… Continue reading JPMorgan’s Marko Kolanovic recommends trimming exposure to stocks as risk of a hawkish policy error by the Fed rises
Housing Market Slump Forecast Continues Into Late 2023
High mortgage rates and elevated housing prices remain major roadblocks for home buying, pushing builder sentiment to fall again in October, the 10th consecutive month. The rapid slump in the housing market is likely to continue well into 2023 as the Federal Reserve continues tightening its monetary policy. The weakened housing market is still facing… Continue reading Housing Market Slump Forecast Continues Into Late 2023
Recent Post
