da-kuk @NeilKSethi over on X is a prolific contributor of economic and market data every day. The man truly works hard at his task. Neil posted the above graphic in the last few days. While I understand the sentiment, speaking with another advisor the other day, this individual noted that not one of his clients…
DaveAlan/iStock Unreleased via Getty Images Listen below or on the go on Apple Podcasts and Spotify Boeing’s earnings call and megacap results highlight earnings this week. (0:19) Bye-bye inverse Cramer ETF. (4:36) The Osborne Effect may be in play for Tesla. (5:14) The following is an abridged transcript: The top story to look out for…
Itza Villavicencio Urbieta Real Estate Weekly Outlook U.S. equity markets notched another week of gains – lifting the major equity benchmarks to fresh record-highs – after a busy slate of economic data and corporate earnings results were broadly consistent with a “soft landing” trend for the U.S. economy. Ahead of the Federal Reserve’s first policy…
DieterMeyrl Gold prices often move alongside the path of real interest rates. Trends in the US dollar are also important – the lower the greenback goes, the higher precious metals can soar. Today, real rates are up from the start of the year while the dollar is conspicuously quiet near the 103 mark. The US…
PM Images Long-time readers know I’ve been bullish on senior loans and other variable rate investments for years. These have performed exceedingly well too, as Federal Reserve hikes have led to significant dividend growth with almost no impact on prices. As the Fed is poised to cut rates in the coming months, thought to have…
Jamakosy The WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) holds a portfolio of floating rate bonds which have zero duration and whose interest payments adjust to reflect changes in 3-month Treasury Bill yields. The USFR currently yields 5.6% according to the Wisdom Tree website, which is highly attractive relative to stocks and Treasury bonds. I expect…
SAUL LOEB/AFP via Getty Images After just over two years, the S&P 500 (SP500) has finally posted a new all-time high. A lot has happened over the period with the market climbing over major headwinds including the post-pandemic hangover, supply chain shortages, a short-lived energy crisis, the start of two wars, 40-year high inflation, and…
Phiromya Intawongpan Thesis Speculation has been swirling in the markets for a Fed cut as soon as March. Not only are Fed Funds futures still pricing the probability of such a cut, but even some reputable analysts are advocating for such a move. We, however, are of a different opinion. With stronger than expected data…
Andrzej Rostek/iStock via Getty Images The race against recession Until the December FOMC meeting, the Fed was signaling that it needed to induce a recession to bring down inflation – that was the “higher for longer” policy. The Fed was willing to hold interest rates at a restrictive level until the labor market weakened, and…
This article was written by Follow Lawrence Fuller has been managing portfolios for individual investors for 30 years, starting his career at Merrill Lynch in 1993 and working in the same capacity with several other Wall Street firms before realizing his long-term goal of complete independence when he founded Fuller Asset Management. He is the…
JHVEPhoto Shares of Zions Bancorporation (NASDAQ:ZION) are still lower than a year ago, significantly lagging the market; however, they have recovered sharply. In just the three months since I rated ZION a “strong buy,” its stock has returned one-third, moving above my $40 price target. Given the strength of this move and the fact the…
Mario13 By James Knightley Solid employment gains, low unemployment and sticky wages suggest no immediate need for Federal Reserve rate cuts. Nonetheless, the jobs market is cooling and the concentration of employment gains in sectors viewed historically as being lower paid and more part-time raises some concerns. We think the Fed will wait until May…
Andrii Yalanskyi Uncertainty is as thick as ever for diving into what awaits in the year ahead, but there’s still a growing consensus building that the Federal Reserve will soon start cutting interest rates. Although some analysts caution that the odds for dovish policy changes aren’t as high as some forecasts suggest, the crowd is…
marekuliasz Based on the behavior of various proven leading economic indicators, we have been warning about a major US recession coming, as we did here. Three of the best leading economic indicators — all of which are being ignored by the Fed and most investors — are the money supply, the yield curve and The…
maxsattana Interest rate policy is starting to pivot, with the Federal Reserve guiding for three rate cuts next year. The news have sent markets reeling, with benchmark 10Y treasury rates down 0.50% these past two weeks, 1.0% peak to through. As market conditions seem to have somewhat stabilized by now, I thought to have a…
franckreporter Stock markets rallied due to the Federal Reserve’s steady interest rates, with major U.S. indices rising amidst a new correlation between stocks and U.S. Treasury bonds. Domestic stock markets experienced a significant rally during the recent period between Index selection dates (November 9, 2023, to December 21, 2023, the “Period”), largely driven by the…
This article is featured in Bitcoin Magazine’s “The Primary Issue”. Click here to get your Annual Bitcoin Magazine Subscription. Click here to download a PDF of this article. On November 6, 2012, Washington and Colorado became the first two states in the United States of America to legalize the recreational use of cannabis. While medicinal…
carterdayne Investment Thesis BlueLinx Holdings Inc. (NYSE:BXC) is a cyclical company. BXC did not achieve any revenue growth over the 2005 to 2023 peak-to-peak Housing Starts cycle. Nevertheless, the company is fundamentally sound with improving margins and returns. I consider it a cash cow. The Housing Starts currently is at the long-term annual average level….
Brandon Bell The Federal Reserve’s decision to effectively end its cycle of interest rate growth has been the major reason for me to liquidate all of my bank holdings, including PNC Financial (PNC), U.S. Bancorp (USB), Wells Fargo (WFC), and now Bank of America (NYSE:BAC). Bank of America’s shares have soared following the Fed’s announcement…
CryptoQuant says factors like the halving, ETF, approval, and rate cuts, could push Bitcoin to $160K next year. Analysts are bullish on the potential of Bitcoin (BTC) for next year, indicating several factors that could pump the price to $160,000. According to a blockchain analytics firm CryptoQuant report, Bitcoin may already be on its way…
The three major indexes, the S&P 500, the Dow, and the Nasdaq are enjoying a continued rally as the market hopes for rate cuts. The S&P 500, the Nasdaq, and the Dow Jones Industrial Average (DIJA) all closed higher, maintaining streaks of continuous increases. The Nasdaq hit 14,904.81 after adding 0.61%, while the Dow added…
baona Earlier this month, I discussed an investment opportunity with the PIMCO Dynamic Income Fund (PDI) that I figured presented itself to investors: This 15%-Yielding CEF Is A Strong Buy. The core argument was to invest in fixed income assets liked mortgage-backed securities or bonds, or in closed-end funds that hold them, due to expectations…
MicroStockHub As expected, the US Fed did not hike yesterday and held its policy rate at a 22-year-high while signalling rate cuts to start in 2024. Asset markets are jubilant across the board. Relief rallies are typical at the end of central bank hiking cycles. Optimism makes sense for government bonds, which become more valuable…
Dilok Klaisataporn By Seema Shah, Chief Global Strategist The European Central Bank (ECB) kept its key policy rates on hold today for the second consecutive meeting. The interest rate on the main refinancing operations, the marginal lending facility, and the deposit facility remain at 4.5%, 4.75% and 4.0%, respectively. While the policy decision will not…
With yesterday’s historic high, the Dow Jones extends its Q4 rally to more than 10%. On the other hand, the technology sector also makes a fresh all-time high. In a historic surge, the Dow Jones Industrial Average set a new record by closing above 37,000 points for the first time. The Federal Reserve’s indication of…
Although the price spikes following the Fed announcement cleared recent bearish drawdowns and provided support levels, uncertainty remains over the sustainability of the increases. The prices of major cryptocurrencies, including Cardano (ADA) and Solana (SOL), have seen fluctuations around the latest Federal Reserve announcement on interest rates. On December 13th, 2023, the Fed decided to…
The Santa Claus rally in the crypto market is likely to continue with analysts expecting the Bitcoin price to touch $48,000 during pre-spot ETF approval. Bitcoin and the broader cryptocurrency market are experiencing a state of euphoria after the FOMC meeting on Wednesday, December 13. The Bitcoin (BTC) price is up more than 5% in…
Goldman believes that the Fed could begin rate cuts from the first quarter of next year as inflation hopefully falls. Financial services giant Goldman Sachs Group Inc (NYSE: GS) has revised its call for Fed interest rate cuts for 2024. According to a report, the banking and investment management company has added a possible rate cut in Q1…
With the US inflation having eased without significant unemployment, the Fed unanimously agreed to hold the borrowing rate between 5.25 and 5.5 percent for the third consecutive time. The United States stock market recorded a profitable day led by the Dow Jones Industrial Average (DJIA) and the S&P 500, after several high-impact news released by…
Dilok Klaisataporn By Kevin Flanagan For the third time in a row, the Federal Reserve did what was widely expected and kept the Fed Funds target unchanged at the December FOMC meeting. As a result, the trading range remains at 5.25%-5.50%, still at a more than 20-year high-water mark. For all intents and purposes, it…
As the crypto market braces for the Federal Reserve’s decision, traders are showing caution, evidenced by a 40% drop in trading volume over the last 24 hours. Bitcoin (BTC), the world’s leading cryptocurrency, finds itself in a period of consolidation around the $41,000 price mark, as traders eagerly await the Federal Reserve‘s interest rate decision,…
The gains have come while traders await the conclusion of the final Fed meeting of 2023. Investors are looking forward to the newest policy decision by the Fed. Meanwhile, US stock futures climbed slightly higher on Tuesday, December 12. Dow Jones Industrial Average futures closed up by 42 points, or 0.11%. And the gains of…
shih-wei The November CPI came in a touch hotter than expected at +0.1% month-over-month. Core inflation was right on the forecast at +0.3% compared to October. On a year-on-year basis, Headline CPI is now +3.1% while the ex-food and energy rate is +4.0%, unchanged from October – both matching economists’ expectations. The CPI figure itself…
This week, the decision from the Fed regarding interest rates and inflation statements for November will be released. These are both expected to trigger market volatility. As the year wraps up, Bloomberg is predicting that several key events this week will lead to increased stock market volatility. The first of these is the decision by…
Traders are on edge, eagerly watching the Federal Reserve meeting for clues about prospective interest rate changes. Amid eventful financial dynamics, US Treasury yields edged higher earlier today, while the crypto market, specifically Bitcoin (BTC), is experiencing a downturn with the coin’s price plummeting to $42,000. The simultaneous rise in Treasury yields and the drop…
Goldman Sachs brought forward its forecasts for the Fed’s interest rate cut to Q3 2024 from Q4. Goldman Sachs, a world-known investment banking company, revealed its forecasts for the Fed’s interest rate cut. The investment giant believes that it will take place in Q3 2024 while previously it forecasted that it would happen in Q4…
iiievgeniy The major market averages scored their sixth consecutive week of gains, following a jobs report for November that struck just the right mix of strength and weakness to keep the soft landing on track. The economy added 199,000 jobs, which was more than expected, but that was largely due to 47,000 striking autoworkers and…
Alex Wong This week’s FOMC meeting will likely highlight the big differences between where the Fed sees interest rates in 2024 and where the market sees rates. The November job report this past week highlights that the labor market remains healthy despite a slowdown in hiring and an unemployment rate that is trending higher. But…
Sakorn Sukkasemsakorn/iStock via Getty Images By Todd Speed We see an improving backdrop for Calamos Global Opportunities Fund (CGCIX), supported by improving macro data and company fundamentals. A Fed pause and weakening dollar, which have historically set the stage for strength in non-US equities. Low equity valuations, both relative to the US and to historical…
Get ahead of the market by subscribing to Seeking Alpha’s Stocks to Watch, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports and conference presentations. Stocks to Watch subscribers can also tune in on…
DNY59 The Utilities Select Sector SPDR ETF (NYSEARCA:XLU) is a high-quality ETF administered by State Street Global Advisors. XLU is benchmarked against the Utilities Select Sector Index, incepted in December 1998, providing investors an opportunity to invest in a well-diversified utilities-focused ETF. XLU provides investors exposure to several themes within the sector. These include “electric…
GOCMEN Earlier today, the Bureau of Labor Statistics reported that the U.S. economy created 199,000 jobs in the month of November and that the unemployment rate had fallen to 3.7%. The report continues a trend of slowing job growth, as the last three months of labor reports indicate a trend like 2018 levels versus those…
jetcityimage Company Snapshot Having been one of those 90s kids who frequented the mall often during family weekend activities, one name I would always remember was the name Simon. And no, I’m not talking about the game “Simon says.” If you know about real estate property trusts (REITs), you know that they pool a lot…
Novogratz is not the only expert who expects Bitcoin price to skyrocket soon. One of the main reasons is that long-term holders are not selling off their positions According to Michael Novogratz, founder of digital asset management company Galaxy Digital, things may soon change for other stores of value like gold and Bitcoin (BTC) as…
Bitcoin price is likely to push higher in December despite the regulatory pressure in the United States as the Fed struggles to lower inflation to 2 percent. The Bitcoin (BTC) narrative as a global reserve currency is fast catching up with poor monetary policies around the world. In the past 24 hours, Bitcoin price edged…
Fed Chair Jerome Powell said that the FOMC is not thinking of rate cuts at all amid their continued fight against inflation. The FOMC members have hinted deceleration in economic growth during he fourth quarter this year. During their latest meeting, Federal Reserve (Fed) officials indicated a reluctance to reduce interest rates in the near…
uschools The Bureau of Labor Statistics on November 14, remarkably, announced that the US CPI had been unchanged in October (whether seasonally adjusted or not). That is, the level of the CPI was unchanged, not the inflation rate, which was zero. Of course, single-month numbers are too volatile to draw much of a conclusion. Not…
Chip Somodevilla Stocks skyrocketed on Tuesday, and financial news outlets were quick to attribute the report to the morning’s CPI report. The S&P 500 (SPY) is now up approximately 10% in about two weeks– a typical year’s worth of gains. But if you go and read the actual October CPI report, it’s not that great….
insjoy Tuesday’s CPI report was a huge relief for the Federal Reserve and their fight against inflation. Headline CPI came in at 3.2% and core inflation came in at 4%. Expectations were for modestly higher inflation. The details showed a broad slowdown in the positive rate of change in prices, which is another sign that…
Andrii Yalanskyi/iStock via Getty Images The Fed’s Easing Cycles Are Much Faster Than Its Hiking Cycles Historical analysis does not guarantee future results. *Municipal returns are for the Bloomberg Municipal Bond Index. T-bill returns are for the ICE BofA US 3M Treasury Bill TR USD. Assumes a tax rate of 40.8%. Data represent average returns…