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Important CPI Inflation Reading Coming On Thursday: What Investors Should Expect
Wednesday, January 11, 2023 - 12:50pm | 649The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.6% on Wednesday ahead of a critical consumer price index (CPI) inflation reading on Thursday morning. Economists are expecting the U.S. Labor Department to report 6.5% CPI inflation in December, down from 7.1% in November and a peak of 9...
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Analyst: Pandemic Economic Recovery 'May Last Another 3-6 Months'
Wednesday, December 8, 2021 - 3:21pm | 497Investors are weighing a tremendous amount of uncertainty heading into 2022 with concerns surrounding supply chain disruptions, elevated inflation, Federal Reserve tightening and the Omicron variant of COVID-19. Merk Investments portfolio manager Nick Reece just released his updated economic...
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How The COVID-19 Drop Has Potentially Set Up 'Another Long Economic Expansion'
Wednesday, June 17, 2020 - 2:20pm | 546The SPDR S&P 500 ETF Trust (NYSE: SPY) is up more than 40% off its March lows despite analysts anticipating a 43.5% decline in S&P 500 earnings in the second quarter. On the surface, the recent rally may seem puzzling given the near-term hurdles the U.S. economy is facing, but Merk...
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What Is The Economy Saying About The 2020 Election?
Thursday, October 10, 2019 - 3:55pm | 495It’s been roughly 27 years since Bill Clinton campaign strategist James Carville succinctly broke down the key to the 1992 election. “It’s the economy, stupid,” Carville said. Despite its overly simplistic message, there has been a surprising amount of truth to Carville...