A Quiet Day; A Holiday Shortened Trading Week
Markets were relatively quiet Friday in the absence of any economic data. A plethora of Fed speakers offered nothing new with many pondering if last week’s advance has merits. Several firms believe
Markets were relatively quiet Friday in the absence of any economic data. A plethora of Fed speakers offered nothing new with many pondering if last week’s advance has merits. Several firms believe
Equites advanced yesterday on optimism the Federal Reserve will be able to engineer a soft landing, which would bolster the outlook for corporate earnings. Financial shares led the
Markets traded nervously higher ahead of the outcome of the two-day FOMC meeting. Today’s highly anticipated decision will help shape the outlook for
The two-year Treasury yield—or the instrument most sensitive to monetary policy—climbed to its highest levels since early December as expectations for Federal Reserve interest rate cut this year continued to
After dialing back expectations for 2024 Federal Reserve interest rate cuts substantially since the start of the year, markets will get an update of Fed thinking when the Committee refreshes its
Bloomberg quantified the obvious. It wrote “inexpensive stocks are historically cheap, trading near their deepest discounts in the past two decades, when inspecting bottom line valuations against metrics like
Markets were relatively quiet yesterday ahead of today’s release of February’s CPI. Analysts are expecting prices to rise nominally from last month. The overall and core rate are expected to
As largely expected, the State of the Union Address (SOTU) was a non-event. Bloomberg writes “President Biden sought to breathe new life into his reelection match delivering a spirted and
Day one of FRB Chair Powell’s congressional testimony about the state of the economy and monetary policy was largely a nonevent. Powell reiterated the message he delivered in
Wall Street always names eras. A recent Bloomberg comment was “for all the attention lavished upon the Magnificent Seven and the top heavy drivers of equity returns recently, it may be