Stock market is increasingly detached from the economy
Wall Street closed out October with a six month positive run, underscoring the market's remarkable recovery from April's lows. Sentiment this week was lifted by big tech earnings and positive trade developments, along with another interest rate cut by the Federal...
Inflation climbs but the rally goes on
Wall Street on Friday posted its best week since early August, driven by a combination of strong earnings and optimism over trade relations between the U.S. and China. Most attention, however, was on the consumer price index (CPI) report for September - inflation rose...
Investors remain bullish, but yellow flag is waving
It was a topsy-turvy week for Wall Street, though the three major averages managed to post solid gains.There was ongoing trade tensions between the U.S. and China, a government shutdown that shows no sign of ending, the start of the third quarter earnings season, and...
Gold wins as stocks tumble
The stock market on Friday slumped to their worst week since late May. The decline was primarily driven by a sharp sell off on Friday, triggered by the resurgence of trade war concerns. Heading into Friday, the S&P 500 was actually positive for the week and was...
And the stock market rally goes on..
Wall Street on Friday advanced more than 1% for the week, with the S&P 500 index hitting 6700 points for the first time ever, as traders shrugged off concerns over the U.S. government shutdown and its effect on economic data. One of the biggest casualties of the...
Is the economy strong or weak?
Wall Street snapped a three week win streak on Friday, despite the central bank delivering its first rate cut in nearly nine months, citing increased downside risks to the labor market. The final estimate of Q2 GDP growth was revised up to an annual rate of 3.8% from...
Fed’s Math does not add up
Wall Street on Friday notched a three week win streak after investors finally received an interest rate cut from the Federal Reserve. Stocks still ended lower on Wednesday but recovered, and that was largely due to Fed Chair Jerome Powell's comments during the press...
Interest Rate Cut Arrives
On Thursday, the headline August consumer price index (CPI) came in hotter than expected. CPI advanced to 2.9%, the largest increase since January, after climbing 2.7% in July. Consumer prices increased by the most in seven months in August amid higher costs for...
Labor Market is Cracking
Wall Street ended the week mixed as hopes of more aggressive Fed easing this year were balanced with concerns about a recession as the weakness in the labor market. On Friday, the August jobs report showed an anemic 22K rise in payrolls last month, while revisions...