5 Takeaways On The Economy From The Fed’s April Beige Book
The Federal Reserve has just released its April Beige Book, a qualitative evaluation of economic conditions in each Federal Reserve district that is published eight times a year.
Nasdaq, S&P Futures Falter As Mixed Earnings Weigh Down On Sentiment
Earnings continue to be front and center in the market, with futures trading signaling a negative start on Wednesday. More bellwether names are due to turn in their quarterly scorecard, potentially creating volatility in the market.
Cues From Tuesday’s Trading:
Market Downturn Ahead? Citi Strategist Warns Of Hit As Central Banks Unwind $800B Stimulus
Equities and other risk assets will take a hit when central banks pull away as much as $800…
‘Shallow Recession’ Ahead? Bank Of America CEO Brian Moynihan Says ‘Everything Points’ In That Direction
Bank of America Corp (NYSE:BAC) CEO Brian Moynihan stated during the earnings call that everything points towards a…
Fed’s Bullard Hawkish Remarks Strengthen May 25bps Rate Hike, Investors Abandon July Cut Expectations
President of the Federal Reserve Bank of St. Louis, James Bullard, delivered hawkish remarks in an exclusive interview with Reuters on Tuesday, saying that interest rates should rise to 5.5-5.75% range.
Here are the main takeaways from Bullard's interview:
US Stocks Ready To Rally Amid Earnings Optimism: Analyst Sees Upward Momentum On ‘Outlier’ S&P 500 Returns
The positive mood seen in late trading on Monday appears to be spilling over into Tuesday’s session, with futures pointing to a higher open. A slew of bank earnings, energy prices and a housing market reading are all in the mix, as traders position themselves for the earnings season.
Cues From Monday’s Trading:
Vanguard’s Roger Hallam Expects Shallow Recession Due To Tighter Lending Conditions: ‘Lot Of Policy Uncertainty Right Now’
Roger Hallam, global head of rates at Vanguard, reportedly said that tighter lending conditions following the recent bank…
Dollar Recovers, Fed Rate Hike Bets And Treasury Yields Rise As New York Manufacturing Activity Sharply Improves in April
The U.S. dollar and Treasury bond yields are rebounding aggressively on Monday (April 17), as investors fear that a lack of recessionary threats will force the Federal Reserve to keep monetary conditions tight for an extended period of time.
Elon Musk Warns Of 2 ‘Insanely Hard’ Things, Summers Slams Saudi-Russian Alliance, Apple’s MR Headset Challenges iPhone And More: 5 Key Weekend Stories You May Have Missed
With the first-quarter reporting season getting started in earnest, the weekend chatter revolved around what to expect from the companies with respect to their quarterly performance and forward guidance.
Nasdaq, S&P 500 Futures Muted; Analyst Says Don’t Expect Good News This Earnings Season
Early indications suggest that stocks could start the week on a tentative note, which was characteristic of trading during most of last week. Traders may show restraint as they look ahead to first-quarter earnings that have slowly started trickling in as well a