Tag Archives: Morning

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 Wednesday, September 8, 2021 A country’s embrace of bitcoin puts 2 competing crypto visions on display Tuesday marked what one observer called the “start of a new world,” as El Salvador officially became the first country to accept bitcoin as legal tender.  The eagerly anticipated move is a big test of cryptocurrency’s staying power, and… 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 Tuesday, September 7, 2021 With unemployment down and pay up, Delta variant is clearly ‘scaring off customers’ The usual summer doldrums — and one particularly implacable virus — clearly took its toll on U.S. job creation last month. The market’s most closely watched high-frequency data series was an unmitigated letdown in August, with new… 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 Friday, September 3, 2021 The August jobs report matters like every other jobs report.  In just a few hours, the Labor Department will release the August jobs report, and expectations are that hiring slowed down last month.  Consensus estimates call for non-farm payroll growth of 725,000 during the month, with the unemployment rate expected to… Source link

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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 Tuesday, August 31, 2021 The worst month of the year… has been a great month.  When August began, investors were warned that history has not been kind to the stock market during the summer’s final full month.  This is an annual tradition in markets commentary.  Over the last 10- and 20-year periods, the S&P 500 Index’s (^GSPC) average return… 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, August 26, 2021 Buybacks are making a comeback In the years before the COVID-19 pandemic, one of the biggest sources of buying power in the stock market were the companies themselves.  At the post-crisis buyback peak of March 2018, members of the S&P 500 had spent a collective $823.2 billion repurchasing shares of their own company over… 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 Wednesday, August 25, 2021 S&P 500 targets are rising left and right The calendar today reads August 25, but it’s starting to feel like the year is over.  Starbucks (SBUX) unleashed its Pumpkin Spice Latte on the masses Monday; the chain’s holiday-themed cups are now right around the corner. And Wall Street strategists have been issuing revised… 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 Tuesday, August 24, 2021 A ‘maximalist’ vision of bitcoin means every company will be a crypto company. Oh what a difference a summer makes. Bitcoin’s (BTC-USD) slow but steady rebound from its spring lows saw the crypto unit top $50,000 on Monday, with the latest move greased by PayPal’s (PYPL) announcement that it would let U.K.-based… 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 Friday, August 20, 2021 More signs of a summer swoon for economic growth On Thursday morning, we noted that challenges were emerging for the health of the economic expansion, mostly due to the still-raging COVID-19 pandemic.  Those signs continued into the end of this week.  After highlighting that at least two Wall Street firms had either cut or… 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 Wednesday, August 18, 2021 Homebuilder confidence hits a 13-month low in July The housing market has been in a frenzied state for over a year now, but the cracks in this market have been evident for some time.  And on Wednesday, we got another sign that the COVID-related boom in this market is starting to wane.  Homebuilder confidence as measured… Source link