Macro Economic Events Archives

2 minute read

Fed’s Favorite Inflation Gauge Arrives Thursday: Will Data Bolster Bets On 2024 Interest Rate Cuts? Plus: 5 ETFs To Watch

Yesterday, 4:57 PM

The Bureau of Economic Analysis will release the PCE index, an inflation indicator closely watched by the Federal Reserve, on Thursday. Economists forecast a 3% year-on-year increase and a 0.1% month-over-month rise.

AAPL

2 minute read

Fed Beige Book Reveals Economic Slowdown Amid Rising Consumer Price Sensitivity

By Piero Cingari

Yesterday, 3:14 PM

Fed's Beige Book report shows consumers becoming more price sensitive and the economic outlook for the next six to 12 months is diminishing.

DIA

3 minute read

Stocks Drift Higher On Stronger GDP Data, Oil Rebounds As OPEC+ Mulls Cuts: What’s Driving Markets Wednesday?

By Piero Cingari

Yesterday, 1:59 PM

Stocks are experiencing their 16th green session out of the 20 so far in November, with the S&P 500 index reaching its highest level since early August, and the Nasdaq 100 just 4.4% below its all-time highs set in November 2021.

BILI

2 minute read

US GDP Growth In Q3 Tops Expectations, Highest Since Q4 2021

By Piero Cingari

Yesterday, 9:41 AM

US economy displayed robust growth in Q3 2023, surpassing estimates with 5.2% annualized GDP growth. Private inventory investment, consumer spending, and exports all contributed to the growth.

UTEN

3 minute read

US Stocks Rebound As Treasury Yields, Dollar Fall On Dovish Fed Remarks, Gold Hits $2,040: What’s Driving Markets Tuesday?

By Piero Cingari

November 28, 2:40 PM

U.S. stocks experienced a welcome resurgence on Tuesday, buoyed by the latest comments from Federal Reserve officials.

BTC

3 minute read

Fed’s Income Shortfall Puts Pressure On Treasury As Interest Expenses Soar To $1 Trillion

By Piero Cingari

November 28, 1:17 PM

The Federal Reserve is now projected to operate as a loss-making entity due to aggressive monetary policies, adding strain to the Treasury and interest expenses surpassing $1 trillion in 2023.

TLT

2 minute read

Consumer Confidence Rises More Than Predicted In November, But An Early Recession Signal Flashes

By Piero Cingari

November 28, 11:45 AM

U.S. consumer confidence rebounded in Nov. despite lingering concerns, with generational divides in sentiment & a dip in inflation expectations. Stock & currency markets showed little reaction, with interest rates likely to remain unchanged in Dec. & 4 rate cuts in 2024.

QQQ

2 minute read

S&P 500’s 2024 Target Of 5,000: Bank of America’s Optimistic Forecast Diversifies Beyond Magnificent 7

By Piero Cingari

November 28, 9:14 AM

Bank of America forecasts S&P 500 to reach 5,000 points by 2024, a 10% leap from current standings. Cyclicals and automation to drive growth, while tech faces regulatory scrutiny, crowding and valuation risks.

AAPL

3 minute read

US Stocks Slip, Tech Rises On Solid Holiday Sales, Treasury Yields Soften: What’s Driving Markets Monday?

By Piero Cingari

November 27, 2:14 PM

U.S. stocks are kicking off the week with a slight dip, as all major indices trade in the red in New York, except for the tech stocks of the Nasdaq 100, which are showing positive momentum following the release of encouraging data after Black Friday.

ALB

2 minute read

US Housing Market Sends Mixed Signals: October New Home Sales Fall, Yet Building Permits Rise

By Piero Cingari

November 27, 1:04 PM

U.S. housing market in Oct 2023 showed mixed signals, with new single-family home sales falling while building permits showed resilience. Real estate stocks reacted differently to the data.

AMT