The economy keeps humming – Why is the market selling off?
The U.S. economy grew at its fastest pace in nearly two years in the third quarter as higher wages from a tight labor market helped to power consumer spending, again defying dire warnings of a recession that have lingered since 2022. Gross domestic product increased...
Are we really in a bull market?
Stocks ended their worst week in a month with more losses Friday, marking the third straight daily loss for the Dow Jones average and the fourth for the S&P 500, weighed by spiking Treasury yields and concerns that Israel's conflict with Hamas could escalate into...
Fed will likely stay higher for longer
Wall Street wrapped up a volatile week with a mixed performance from stocks while investors sought safe-haven assets such as U.S. Treasury bonds and gold, as the Israel-Gaza war looked likely to escalate. For the week, the Dow Jones posted a 0.8% gain and the S&P...
Markets have gone topsy-turvy
Last week, the US stock market experienced its most significant decline in six months, leaving investors feeling uneasy. However, this week brought a glimmer of hope as employers added 336,000 jobs in September, marking the strongest gain since January and a notable...
Markets are suffering from indigestion
The S&P 500 closed out its fourth consecutive week with losses, marking a nearly 5% decline for September. This performance stands as the worst monthly showing since December, reflecting investors grappling with the Federal Reserve's message of prolonged higher...
Fed Shakes Up the Market Needlessly
Stocks posted their fourth straight daily loss Friday to end a rocky week that saw benchmark U.S. Treasury yields surging to 16-year highs and investors digesting hawkish revisions from the Federal Reserve. The central bank was the main event of the week. The Fed's...
Will the Consumer Crack?
While many investors and economists have crossed over into the sunny lands of soft landing, the major concern remains that the US consumer is about to crack. There is growing consensus that the US economy is just beginning to feel the effects of the central bank’s...
Why the G20 summit matters to Wall Street this time
U.S. stocks recovered slightly on Friday but ended up down for the week as anxiety over the G20 summit and the Federal Reserve turning more hawkish impacted investor sentiment. A lot is riding on the G20 summit this week, especially with notable absences that include...
The Consumer Spends and Spends
The labor market has been the stalwart of the US economy this year, supporting momentum that’s set it on a glide path for that Goldilocks scenario known as a soft landing. New data this week showed more people entering the workforce, increased hiring and slowing wage...