The key to a sustained market recovery may lie in one of the weakest sectors this year: technology. As of Friday’s close, the Nasdaq Composite was 30% off its closing high of 16,057.44 on Nov. 19, 2021. It has sold off sharply since then as tech stocks have fallen amid runaway inflation and higher Federal …
The November jobs report is the big event for markets in the coming week, and it could provide important information on the trajectory of Federal Reserve interest rate hikes. Stocks were higher in the shortened holiday week, with the S&P 500 rising as Treasury yields slipped and the dollar weakened. The post-Thanksgiving week will be …
November jobs report and the Fed matter most to markets in the week ahead Read More »
Broader markets surged on Thursday after October’s consumer price index showed the inflation rate may finally be easing. In response to the CPI print, US Treasury yields have plunged on anticipation and hope that the Federal Reserve will no longer need to be so aggressive with its interest rate hike policy. When rates fall, stock …
Cramer: Here’s what we think Club members should do at Thursday’s mighty rally Read More »
October’s colder-than-expected consumer inflation report sparked a massive rally in stocks that could herald the traditional fourth-quarter rally of the midterm election year. Bond yields fell sharply as stocks soared after October’s consumer price index rose 0.4%, less than the 0.6% expected. The gain was 7.7% from a year ago, less than the 7.9% expected …
