US Stocks Rebound As Treasury Yields, Dollar Fall On Dovish Fed Remarks, Gold Hits $2,040: What’s Driving Markets Tuesday?
U.S. stocks experienced a welcome resurgence on Tuesday, buoyed by the latest comments from Federal Reserve officials.
Fed’s Income Shortfall Puts Pressure On Treasury As Interest Expenses Soar To $1 Trillion
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.
Consumer Confidence Rises More Than Predicted In November, But An Early Recession Signal Flashes
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.
S&P 500’s 2024 Target Of 5,000: Bank of America’s Optimistic Forecast Diversifies Beyond Magnificent 7
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.
US Stocks Slip, Tech Rises On Solid Holiday Sales, Treasury Yields Soften: What’s Driving Markets Monday?
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.
US Housing Market Sends Mixed Signals: October New Home Sales Fall, Yet Building Permits Rise
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.
US Stocks Advance, Microsoft’s Record Highs, Israel And Hamas Sign Temporary Truce: This Week In The Markets
Wall Street up for the fourth straight week, S&P 500 6% away from Jan 2022 peak & Nasdaq 5% below Nov. 2021 high; MSFT records historic high.
Stocks Notch 4th Week Of Gains – Tech Falters As Yields Rise; Gold Steady At $2,000: Friday’s Market Recap
U.S. stocks marked their fourth consecutive week of gains, the longest winning streak since June, in a week marked by thinner trading volumes due to the Thanksgiving and Black Friday holidays.
“OPEC+ Closes In On Deal To Resolve African Oil Quota Dispute; Dispute Forced Group To Postpone Key Meeting To Nov. 30; Agreement Back In June Left African Nations With Lower Quotas” – Bloomberg News
https://www.bloomberg.com/news/articles/2023-11-24/opec-closes-in-on-deal-to-resolve-african-oil-quota-dispute?utm_campaign=socialflow-organic&utm_source=twitter&cmpid=socialflow-twitter-business&utm_content=
US Manufacturing Momentum Slows In November, Services Beat Expectations: Price Pressures Move To Fed’s Target
In Nov 2023 US economic activity had mixed results: manufacturing contracted, services unexpectedly grew, employment contracts & lay-offs increased & input price inflation eased for manufacturers.