Econ #s Archives - Page 17 of 61

2 minute read

Financial Stocks Fall After Earnings, Major Banks Notch 4-Day Losing Streak: Regional Banks Hit Lowest Level Since Late 2023

April 16, 4:18 PM

US financial stocks fall amid subdued sentiment, regional banks test moving average support levels. Bank of America, Morgan Stanley report strong Q1 earnings beating expectations.

BAC

2 minute read

Powell Delays Fed Rate Cuts—’We Need Greater Confidence In Inflation’; 2-Year Yields Spike To 5%

By Piero Cingari

April 16, 2:19 PM

Powell: Inflation progress stalled, Fed delays easing. He states current policy is appropriate, but could lower rates if labor market weakens.

GLD

2 minute read

Stocks Grapple With Geopolitical Pressures, Gold Eyes $2,400, Bitcoin Falls Below $62,000: What’s Driving Markets Tuesday?

By Piero Cingari

April 16, 1:28 PM

Investors remain on edge as geopolitics continue to shape market trends, with Israel mulling a response to Iran while the U.S. and key allies explore further sanctions against Tehran.

BAC

3 minute read

Homebuilder Stocks Tumble As Housing Starts Fall By 14.7%: ‘A Poor Time To Buy A Home,’ Says Economist

By Piero Cingari

April 16, 11:32 AM

Homebuilder stocks face declines as SPDR Homebuilders ETF drops 1.8% to lowest level since Feb.26, 2024 amid negative economic data. Housing starts decrease by 14.7% in March, showing cracks in growth.

BLD

2 minute read

S&P 500 Due For ‘Classic 10% Correction,’ Wall Street Veteran Warns: Why They Expect Zero Rate Cuts In 2024

By Piero Cingari

April 16, 11:07 AM

Wall Street veteran Ed Yardeni predicts a 10% market drop due to rising yields and strong economic growth, with no expected Fed rate cuts.

SPY

2 minute read

Bond Yields Surge To 6-Month Highs As Likelihood Of No-Landing Scenario Increases: UBS Warns Of Potential Fed Rate Hikes To 6.5%

By Piero Cingari

April 15, 5:04 PM

U.S. Treasury yields at highest since mid-November 2023 due to economic resilience, fiscal spending, and inflation pressures, impacting government debt costs and bond ETFs.

IEF

2 minute read

US Retail Sales Boom Well Above Forecasts, Rise 4% On The Year: ‘Blowout Report,’ Economists Say

By Piero Cingari

April 15, 12:25 PM

U.S. retail sales beat forecasts, growing 0.7% monthly and 4% annually. Non-store retailers, gas stations, and miscellaneous stores saw notable increases.

TLT

3 minute read

Oil, Gold Markets Swing From War Fears To Calm Over Israel-Iran Tensions: What Analysts Expect Next

By Piero Cingari

April 15, 11:28 AM

Market sentiment shifted from war to calmness in Middle East after Iran's attack on Israel was neutralized. Gold and oil prices declined.

EZU

2 minute read

Retail Sales Rises More Than Expected In March, Indicate Strong Consumer Spending

By Piero Cingari

April 15, 8:42 AM

Retail sales growth increase more than expected, showing consumer resilience despite inflation. U.S. stock futures rise on Monday.

UUP

2 minute read

Market Turmoil Resumes As Inflation Rises More Than Expected, Oil Prices Spike, Gold At Record Highs: This Week In The Markets

By Piero Cingari

April 12, 4:27 PM

Volatility surged as geopolitical tensions rose in the Middle East and inflation data defied estimates, delaying rate cuts and causing concern for stocks, mortgages and consumer sentiment.

ARM