Tag Archives: Inflation

Billionaire bond investor Jeffrey Gundlach, the founder and CEO of $135 billion DoubleLine Capital, sees reasons to be concerned about inflation.   “It feels to me like the market started worrying about [inflation] a little bit this week,” Gundlach said, later adding it “was the biggest miss on CPI in many years, and maybe even in my whole career.”  On Wednesday, the Bureau of Labor Statistics reported that the Consumer Price Index (CPI) jumped 0.8% in April, well ahead of economists’… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, May 13, 2021 It’s all about demand.  Inflation data published Wednesday left markets spooked.  Consumer prices rose at the fastest annual pace since 2008 in April, according to the latest data from the BLS, news that sent stocks tumbling with the S&P 500 (^GSPC) falling 2.1% on the day.  The simplest read on the market’s reaction to… Source link

Stock futures were mixed in Wednesday’s after-hours session, with investors awaiting the latest read on the jobs market, still unsettled by spiking prices that could throttle the recovery.  During Wednesday’s regular session, fears of rising inflation hammered Wall Street after grim consumer price data sparked a sell-off in blue chip and technology shares, amplifying new concerns about the rebound from COVID-19. The Dow Jones Industrial Index (^DJI), S&P 500 Index (^GSPC) and Nasdaq (^IXIC)… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * U.S. consumer prices jump most since June 2009 * Megacap growth stocks weigh heaviest * Energy shares gain as crude climbs * Indexes down: Dow 1.99%, S&P 2.14%, Nasdaq 2.67% (Updates with closing prices) By Stephen Culp NEW YORK, May 12 (Reuters) – Wall Street closed lower on Wednesday with the S&P suffering its biggest one-day percentage drop since February, as inflation data fueled… Source link

Inflation is back, and consumers have noticed. Consumer prices in April rose by the most in 12 years, as product shortages conspired with strong demand by consumers emerging from the coronavirus pandemic. Annual inflation is now 4.2%, a pace economists expect to persist and maybe rise further during the next few months. Household budgets are suffering. In a new Yahoo Finance-Harris poll, 53% of respondents say their household income is failing to keep up with inflation. Fifteen percent say… Source link

Federal Reserve officials are reiterating that single data points will not sway the central bank’s patience on its easy money policies. Inflation data on Wednesday morning showed consumer prices increasing at the fastest rates in over 10 years. But Fed Vice Chairman Richard Clarida said later in the morning that he was “surprised” by the reading but unmoved from a policy perspective. “This is one data point, as was the labor market report,” Clarida said, referencing the Source link

TipRanks Buy These 2 New Stocks Before They Jump Over 80%, Says JPMorgan In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained – by 0.7%. That last would seem to be a positive – except that, combined with the massive government stimulus… Source link

Bloomberg ‘A Preventable Mess’: How Dementia Takes Toll on Aging Lawyers (Bloomberg) — Robert Fritzshall had to be pushing 80, Bethany McLean thought, so she was a little surprised to hear him talk about expanding his law practice.His office was a bit dusty and cluttered with papers. There were files on the floor. She was concerned that he didn’t see the need to carry malpractice insurance. But she doesn’t remember anything being a red flag.“He was charismatic, enthusiastic,” she… Source link

TipRanks 3 Monster Growth Stocks That Are Still Undervalued A lackluster jobs report didn’t derail the markets last week. New jobs in April totaled only 266,000, far below the 978K expected, and the official unemployment rate, which had been predicted to come in at 5.8% actually ticked up slightly to 6.1%. Even so, the tech-weighted NASDAQ gained 0.88% in Friday’s session, the broader S&P 500 was up 0.75% at the end of the day. These gains brought the S&P to a new record level, with a… Source link

For the first time in a long time, concerns about inflation are intensifying as the economy strengthens. Even rate changes could be on the table as former Federal Reserve chair and current Treasury Secretary Janet Yellen said that interest rates might need to rise. As Bank of America pointed out in a recent research note, mentions of inflation on earnings calls are up 800% year over year. Higher prices of raw materials is pushing up the cost of food at the grocery store too. This level of… Source link