Bank Of America’s Contrarian Guru Unveils Best Portfolio Hedge Against Hard Landing: ‘No One Is Long’
Bank of America chief strategist predicts hard landing for US economy, recommends 30-year Treasury bonds as hedge against downturn.
Major Indexes Close In The Red, Dow Falls Below 40,000 As Investors Make U-Turn On Economic Outlook
Dow Jones closes 0.1% lower; S&P 500 & Nasdaq 100 fall 0.2%; Mixed data on inflation, jobless claims and housing.
If You Made $70,000 When Trump Was Elected, You’d Need $90,000 Today To Keep Up
April inflation reading brings hope for soft landing scenario in US economy; S&P 500, ETFs pricing in Fed rate cuts; purchasing power down since 2017.
Disinflation Hopes Reshape Treasury Yields’ Major Trend: 5 Bond ETFs Poised To Rally On Fed Rate Cuts
Inflation data supports Fed rate cuts, yields test crucial 200-day average, creating favorable bond market trend. Powell downplays hike concerns.
Dow Jones Hits 40,000, Chinese Tech Stocks Jump To 15-Month Highs, Bloodbath On Meme Stocks: What’s Driving Markets Thursday?
U.S. major stock indices climbed higher on Thursday morning, with the Dow Jones Industrial Average achieving a historic milestone by surpassing 40,000 points.
US Inflation Data Prematurely Released By Accident, Yet Traders Missed Golden Opportunity
The U.S. Bureau of Labor Statistics accidentally released critical inflation data for April 30 minutes early on Wednesday.
Jamie Dimon Sounds Alarm On Ballooning US Fiscal Deficit: ‘It Will Cause A Problem’
JP Morgan CEO Jamie Dimon raised concerns about the $1.9 trillion U.S. fiscal deficit, stressing the need for immediate action to reduce it and maintain global economic stability.
S&P 500, Nasdaq 100, Dow Jones Shatter Record Highs In Unstoppable Bull Market Rally
The S&P 500, Nasdaq 100 and Dow Jones Industrial Average indices all shattered fresh all-time highs Wednesday, driven by a benign inflation report that boosted risk sentiment among bullish investors.
Wall Street Jumps To All-Time Highs On Soft Inflation, Bond Yields Tumble, Bitcoin Soars, Meme Stocks Face Carnage: What’s Driving Markets Wednesday?
The S&P 500 and the Nasdaq 100 indices rose to fresh record highs during morning trading on Wednesday following a broadly in-line inflation report and cooler-than-expected retail sales data for April, as traders increased their rate cut bets.
Economists React To Inflation, Retail Sales: ‘The Soft Landing Narrative Is Still A Possibility But Not A Guarantee’
Inflation and retail sales slowed, signaling weaker consumer spending. Traders reacted by betting on Fed rate cuts, boosting S&P 500 and Nasdaq 100 to record highs, while bonds also surged. Economists remain optimistic but cautious.