How JPMorgan Asset Management’s chief global strategist sees the markets now
With the markets basking in the warmth of the Federal Reserve’s rate cut last week, we had a chance to sit down with David Kelly , chief global strategist at JPMorgan Asset Management, one of the larg...
Retail traders’ favorite stocks are on a record winning streak
Relatively speculative small-cap stocks, many of which are beloved by retail traders, are basking in the glow of the renewed Federal Reserve rate cuts. A Goldman Sachs basket of stocks widely held by ...
US stocks dip as rate cut fails to ignite broad enthusiasm
US stocks were whipsawed by the Federal Reserve’s first rate cut of 2025 , which included a signal to deliver an additional 50 basis points of easing this year if the economy evolves in line with thei...
Federal Reserve cuts rates by 0.25%, signals 50 basis points of additional easing by year-end
The Federal Reserve cut interest rates for the first time this year, lowering its policy rate to a range of 4.25% to 4.5%, as anticipated. The “dot plot” from the Summary of Economic Projections shows...
US stocks in holding pattern ahead of Wednesday’s Fed decision
US stocks did little of note on Tuesday, with traders seemingly content to sit on their hands ahead of the Federal Reserve decision tomorrow afternoon. The S&P 500, Nasdaq 100, and Russell 2000 all de...
Concerns about rising government debt are not strictly an American problem
After years of cheap money, the cost of borrowing for many governments is going up. Sticky inflation, swelling deficits, and political instability have all driven bond yields higher — the market’s way...
US stocks unbothered as initial jobless claims jump to highest level since 2021, inflation print comes in mildly hotter
A much weaker-than-expected piece of labor market data, coupled with a mildly hotter-than-anticipated inflation report, took some wind out of the sails of US stocks this morning — but not for long. In...
Negative US payroll revisions as bad as 2009 add to fears of consumer spending slowdown
We have better ways to know about the present than the past . That’s the argument for why I have typically refrained from having my world upended by the initial annual benchmark revisions to US nonfar...
S&P 500 falls as rate-cut optimism fizzles
An initial burst of optimism over a soft US jobs report making a Federal Reserve rate cut this month a foregone conclusion didn’t last long. The S&P 500 gave up early gains to close down 0.3%. The Nas...
US stocks rise as soft job growth fortifies bets on a Federal Reserve rate cut this month
ETFs that track major US stock indexes are higher and short-term yields are falling after the August jobs report continued to confirm the trend of labor market cooling, calcifying bets on a Federal Re...
Goldman: If Trump destroys Fed credibility, gold could hit $5,000
Gold could serve as a hedge for investors as President Trump continues his push to take political control of the quasi-independent Federal Reserve, analysts at Goldman Sachs say. In a note published W...
US stocks shake off Fed drama with solid gain
President Donald Trump’s push to oust Federal Reserve Governor Lisa Cook from her position may have upset US bonds and the dollar, but it didn’t leave any mark on the stock market. The S&P 500 and Nas...
The president’s plan to remove Lisa Cook knocked the dollar last night
Investors sold the US dollar last night in response to a letter posted on Truth Social by President Trump addressed to Lisa Cook, a governor at the Federal Reserve, which announced that she was “hereb...
Bitcoin dips as overall crypto market sees red
and the overall crypto market enjoyed a boost following Fed Chair Jerome Powell’s speech on Friday, but the rally fizzled out over the weekend. Bitcoin is starting the week around $112,000, a dip of a...
S&P 500 enjoys best day since May as traders eagerly embrace Fed chief’s nod toward lower rates
The S&P 500 enjoyed its best day since May on the heels of Fed Chair Jay Powell’s speech at the Jackson Hole Economic Symposium , which fortified traders’ expectations that the central bank will resum...
Opendoor leads meme stock surge on heels of Powell’s rate cut hints
A basket of meme stocks compiled by UBS is on fire on Friday, up 4.9% as of 11:17 a.m. ET, led by a 17% surge in . Shareholders like Anthony Pompliano are trumpeting Federal Reserve Chair Jay Powell’s...
Airlines surge following Powell’s hint at a September rate cut
Shares of US airlines are taking off Friday morning following Fed Chair Jay Powell’s Jackson Hole speech, in which he signaled a possible September rate cut . , , and were all up more than 5%, while ...
Stocks pop as Fed Chair Jay Powell signals shifting risks may warrant rate cut
Stocks are jumping amid Fed Chair Jay Powell’s speech at the Jackson Hole Economic Symposium, which includes these key headlines (from Bloomberg): *POWELL: SHIFTING BALANCE OF RISKS MAY WARRANT ADJUST...
Stocks stall, small-caps tumble on hot inflation print
A hotter-than-expected reading of July’s producer price index put stocks, and particularly small-caps , on the back foot to start the day. The S&P 500 and Nasdaq 100 managed to bounce back, with the f...
Why small-caps actually rally when traders price more Fed easing
Small-caps have been incredibly sensitive to the evolving outlook on whether, and by how much, the Federal Reserve is expected to cut interest rates in September. The outperformed meaningfully on Tue...