Barclays axes end-of-year target for S&P 500
Barclays US equity analysts cut their aggregate earnings estimates and year-end price target on the S&P 500 Wednesday, citing uncertainty and the likely hit to profitability posed by the Trump adminis...
American consumer confidence just hit a four-year low
American consumers aren’t feeling so good. The US Consumer Confidence Index, which measures how optimistic (or not) people feel about the economy, fell to 92.9 in March — its lowest level since Februa...
Consumer expectations for stock gains collapse
The S&P 500 meandered to a modest gain on Tuesday , leaving the blue chips about 6% beneath the all-time high reached in February. After all the Sturm und Drang of the last month, that doesn’t sound s...
US stocks cheer Federal Reserve’s signal that tariffs won’t derail rate cuts
The stock market rally crescendoed on Wednesday after the Federal Reserve signaled its willingness to continue to cut rates even if tariffs being pursued by President Donald Trump keep inflation eleva...
Big Tech helps drive a rally after Fed’s rate announcement
Momentum built among giant tech stocks that helped drive the market higher Wednesday, following the Fed’s decision to leave interest rates unchanged while signaling a willingness to deliver rate cuts ...
Federal Reserve signals willingness to keep cutting rates even as inflation outlook worsens
The Federal Reserve held its policy rate unchanged at a range of 4.25% to 4.5% at its March meeting. The so-called “dot plot” shows that the median Fed official thinks 50 basis points of rate cuts wil...
The US still has an inflation problem — so does China, it’s just the exact opposite one
Prices go up too fast? Boo. Prices go down? Also boo. That’s the short version of the dueling narratives in the two most important economies on the planet, after the latest set of Chinese and the US i...
Gemini’s soaring bitcoin display sets record, but bitcoin itself stays flat
Bitcoin’s price had a brief bump, thanks to a softer-than-expected CPI report , but it wasn’t enough to boost it much and didn’t last long. started the week at about $83,000 on Monday, March 10, and ...
CPI looks good for Trump trades
What’s good for the White House is good for the Trump trades. That’s about the most sense we can make of the surge in momentum stocks this morning following a slightly softer-than-expected CPI inflati...
Crypto market rises on softer inflation, but can the gains hold?
Bitcoin and the overall crypto market got a much-needed (and very welcomed) jolt this morning following February’s CPI report, which was softer than expected. Inflation increased 0.2% for the month, o...
Goldman Sachs’ chief economist just cut his US GDP forecasts from 2.4% to 1.7% for this year
For over two years, has been one of the Wall Street optimists, putting out rosier forecasts than its peers when it comes to the US economy. But amid rising trade tensions, that no longer seems to be ...
Big bank shares buckle as recession fears spark a sector sell-off
Big banks tumbled alongside the broader market late Monday afternoon. Shares of led the decline, sinking 6.4%, while , , , , and also dropped. The sell-off follows President Trump’s latest comments...
What does the Fed have to do with the bounce in momentum stocks? Absolutely nothing.
Here’s the first problem with trying to draw any link between the bounce in stocks off the lows on Tuesday and the market’s pricing of Federal Reserve policy: stocks and short-term bond yields travele...
Rate cuts have entered the chat
Well here we are again. The stock market is negative for the year and has now erased all of its gains since the presidential election, with the down 0.8% since President Trump’s victory on November 5...
UK inflation came in hot, jumping to 3% in January
The United States and the United Kingdom have a lot in common: language, music, movies, and, as of this week, like-for-like inflation rates. On Wednesday, the latest UK CPI print revealed that prices ...
US stocks surge on inflation relief, robust corporate earnings
Stocks rallied on Thursday on a string of strong quarterly results and some fresh data on prices that took the sting out of Wednesday’s disturbingly high CPI report. The details of January’s reading o...
S&P 500 slumps on hotter-than-expected inflation
A hot inflation report caused a deep knee-jerk sell-off in stocks, but major indexes managed to recover much, and in some cases all, of those losses. The S&P 500 finished down 0.3%, the Nasdaq 100 gai...
Hot inflation report cools bitcoin price, but not for long
The US Consumer Price Index rose by more than expected in January — 0.5% month on month versus the consensus estimate of 0.3% — signaling that the country is not out of the woods with inflation. Along...
US stock indexes dragged down by another Nvidia plunge
Stocks gyrated in the afternoon, as changes to a Federal Reserve statement that seemingly gave traders a reason to sell were explained away as a “language clean up.” The S&P 500 ultimately settled 0.5...
Stocks erase post-Fed losses as Powell explains away hawkish shift as “language clean up”
If you don’t like what a central bank is saying, just wait five minutes. It turns out the Federal Reserve sank stocks briefly today by saying too little. One seemingly hawkish element in the central b...