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US Stocks Pause As Traders Await Powell's Speech: Analyst Warns Of Retest Of October Lows As Market, Economic Data Conspire Against Monetary Policy
Tuesday, February 7, 2023 - 7:51am | 1481Stocks look set for another nervous session on Tuesday as traders look ahead to comments from Fed Chair Jerome Powell and another batch of earnings reports. Cues From Monday’s Trading: The major U.S. averages ended Monday’s session lower, extending the losses from the previous session...
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S&P 500 Could Rally Over 20% In 2023, Says Market Strategist: 'Akin To 1982 When Stocks Went Nearly Vertical'
Wednesday, January 25, 2023 - 2:53am | 617The stock market has started off 2023 on a positive note, raising hopes of a revival after 2022's dismal showing. What Happened: The S&P 500 Index could rise over 20% this year, going by the rule of first five days, Fundstrat’s head of research Tom Lee tweeted on Tuesday. When the S...
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KB Home's Q4 And Fed Connection: Cramer Says Jerome Powell Has to Be Happy With The Numbers
Thursday, January 12, 2023 - 7:27am | 574KB Home (NYSE: KBH) reported on Wednesday fourth-quarter results that trailed consensus estimates, sending its shares lower in after-hours trading. What Happened: KB Home’s results should go down well with Fed Chairman Jerome Powell, CNBC “Mad Money” host Jim Cramer suggested...
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Nasdaq, S&P 500 Futures Edge Up As Inflation Jitters Keep Sentiment Muted
Wednesday, January 11, 2023 - 7:17am | 1378The index futures were modestly higher on Wednesday, suggesting that the market may fight to retain the upward momentum it picked up since the start of 2023. Inflation watch, however, could induce nervousness among traders, prompting some to step to the sidelines. What Happened: On ...
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Elon Musk Warns Of More Pain As Commercial Real Estate Prices Pull Back To 2009 Levels
Monday, January 9, 2023 - 2:30am | 634The housing market, which was the trigger point for the 2008 recession, is acting up yet again. The development is concerning given a majority of economists have begun discounting a moderate to severe recession. What Happened: Tesla CEO Elon Musk issued a premonitory warning over the weekend...
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Larry Summers Calls Terminal Rate Crossing 5% 'A Milestone:' What He Says About Potential Of Further Rise
Friday, October 21, 2022 - 2:16am | 629Former Treasury Secretary Lawrence H. Summers has pointed out that the terminal rate, as reflected by the Fed funds futures, has crossed the 5% mark, and this is a significant milestone. However, most of the possible increase in the current cycle has already taken place, he said....
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Are Low Interest Rates A Must For Tech Growth? Raoul Pal Says India Shows Otherwise
Tuesday, October 11, 2022 - 7:55am | 719Former Goldman Sachs executive and macroeconomic expert Raoul Pal has raised an interesting argument about how Indian growth tech companies are expanding significantly in a higher interest rate environment as compared to the U.S. There is a puzzle in trying to figure out....
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Stocks Plummet As Powell Doubles Down On Fed's Inflation Fight Until 'The Job Is Done'
Friday, August 26, 2022 - 10:44am | 594Federal Reserve Chair Jerome Powell was among the most anticipated speakers at the Economic Symposium in Jackson Hole, Wyoming Friday. Here’s a look at what Powell said in the fight against inflation. What Happened: Powell said the Federal Reserve’s goal remains getting...
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Markets Marginally Lower Ahead Of Earnings Season
Monday, July 7, 2014 - 4:37pm | 1929U.S. stocks were slightly lower as investors digested a report by Goldman Sachs speculating that the Fed Funds rate may be increased in the third quarter of 2015, earlier than expected. Earnings season unofficially kicks off this week with Alcoa (NYSE: AA) reporting on Tuesday. Many Dow...
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Rate Increase Not Until June 2011
Friday, August 6, 2010 - 11:36am | 49The Fed Fund futures contract is now showing that traders don't expect the Federal Reserve to raise the fed-funds rate, its mostly watched tool of monetary policy, until June 2011. This comes after a weaker than expected jobs report which saw the country lose 131,000 jobs in the month of July.