Powell Delays Fed Rate Cuts—’We Need Greater Confidence In Inflation’; 2-Year Yields Spike To 5%
Powell: Inflation progress stalled, Fed delays easing. He states current policy is appropriate, but could lower rates if labor market weakens.
Spot Gold Rises As Tehran Attack Sparks Fear Of Wider Conflict: This ETF (NUGT) Tracks Gold Miners
Spot gold was popping up above 0.5% at one point on Tuesday, propelled by escalating tensions in the Middle East following Tehran’s decision to deploy hundreds of drones and missiles toward Israel on Saturday night.
Stocks Grapple With Geopolitical Pressures, Gold Eyes $2,400, Bitcoin Falls Below $62,000: What’s Driving Markets Tuesday?
Investors remain on edge as geopolitics continue to shape market trends, with Israel mulling a response to Iran while the U.S. and key allies explore further sanctions against Tehran.
Homebuilder Stocks Tumble As Housing Starts Fall By 14.7%: ‘A Poor Time To Buy A Home,’ Says Economist
Homebuilder stocks face declines as SPDR Homebuilders ETF drops 1.8% to lowest level since Feb.26, 2024 amid negative economic data. Housing starts decrease by 14.7% in March, showing cracks in growth.
S&P 500 Due For ‘Classic 10% Correction,’ Wall Street Veteran Warns: Why They Expect Zero Rate Cuts In 2024
Wall Street veteran Ed Yardeni predicts a 10% market drop due to rising yields and strong economic growth, with no expected Fed rate cuts.
EXCLUSIVE: Expert Predicts ‘Double-Digit Growth’ In 2 Sectors, Fueled By $1 Trillion From CHIPS, IRA, Infrastructure Acts
Insights on investment opportunities in the economy from a Benzinga interview with Michael Sayers, including $1 trillion in infrastructure spending and potential growth in technology and clean energy sectors.
Cathie Wood’s Ark Invest Continues To Shed Coinbase, Nvidia Shares
On Monday, Cathie Wood-led Ark Invest made significant trades involving Coinbase Global Inc. (NASDAQ:COIN) and NVIDIA Corp. (NASDAQ:NVDA).
The COIN Trade
Bond Yields Surge To 6-Month Highs As Likelihood Of No-Landing Scenario Increases: UBS Warns Of Potential Fed Rate Hikes To 6.5%
U.S. Treasury yields at highest since mid-November 2023 due to economic resilience, fiscal spending, and inflation pressures, impacting government debt costs and bond ETFs.
How Does The Stock Market Perform Ahead Of Tax Day? ‘Rough’ At First, Data Shows
Tax Day usually coincides with a jittery stock market as the S&P 500 Index typically declines during the first half of April.
Israel’s War Cabinet Vows To Respond ‘Clearly And Forcefully’ To Iran, G7 Mulls Sanctions On Tehran: Stocks Tumble, Gold Rallies, WTI Tops $85
Tensions in the Middle East have surged again, with Israel’s war cabinet convening on Monday to deliberate their nation’s response, sending shockwaves through markets.