Will Eye-Popping 2023 Bonuses For Wall Street Managers Alter The Santa Rally’s Course?
Considering 2023's market performance, the bonus pool for Wall Street managers will likely surpass the record-breaking 2021 figure.
Small Caps Are ‘Outperforming Everything,’ Analyst Says: This Rally’s Been ‘Years In The Making’
Small caps are currently outperforming the Mag7 and the large caps "since the end of November," Piper Sandler's Craig Johnson says.
Tech Stocks Set New All-Time High, Small Caps On Fire As Wall Street Bulls Run Wild: What’s Driving Markets Tuesday?
Tuesday, December 19, 2023, stands now as a remarkable day in Wall Street’s history, as the technology stocks of the Nasdaq 100 mark a significant milestone, surging to new highs after a hiatus of 758 days since their previous peak.
Strong Homebuilder Performance In November Hints At 2024 Tailwind For ‘Plow-Horse Economy’
Construction could be a major tailwind to economic growth in 2024 if demand for new homes remains robust.
Nasdaq, S&P 500 Futures Bounce Higher As Santa Claus Rally Awaits: Analyst Says December Typically ‘Second-Half Story’
Adding to the positive sentiment is an early Christmas gift from the Bank of Japan, which has maintained its ultra-loose monetary policy.
US Stocks Extend Year-End Rally, Nasdaq Flirts With Record Highs, Oil Rebounds: What’s Driving Markets Monday?
Wall Street continues to be optimistic in lead-up to Christmas, with all major indices up. Energy & Communications had biggest gains, Real Estate & Utilities fell most.
How High Can S&P 500 Go In 2024? Goldman Sachs Sets An Even Loftier Target
Goldman Sachs revises 2024 S&P 500 index target to 5100, up 7% from current level, due to Fed rate cut forecast & global disinflation trend.
Federal Reserve Official Cautions Markets On Premature Interest Rate Cut Expectations
Senior Fed official cautions markets may be anticipating too early rate cuts. Fed's December 'dot plot' indicated median preference for federal funds rate at 4.6%, implying reduction of 75 basis points. Market sentiment leans towards rate cuts, but Fed Chair Powell acknowledged possibility of rate reductions.
Bankruptcies On The Rise Following End Of COVID Relief Measures And High-Interest Rates
Corporate bankruptcies have seen a sharp increase in the last year as interest rates rose and following the withdrawal of COVID-19 support packages.
US Stock Futures Waver After 7-Week Winning Streak: Analyst Sees More Gains Piling Up On Dow’s Record Highs
Nevertheless, economic fundamentals are poised to improve in the new year as the Fed gradually reverses its rate hikes.