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, July 21, 2021 Growth, value, and rates — all in one place It was a Turnaround Tuesday on Wall Street yesterday.  After a brutal sell-off to start the week, each of the major averages gained nearly 2% on the week’s second trading day. A solid rebound after a decline in markets on Monday that perhaps felt worse than it really was.  But… 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, July 20, 2021 The stay-at-home trades comes back to life Stocks did not have a good start to the week.  On Monday all three major averages fell more than 1%, with the blue chip Dow Jones Industrial Average (^DJI) losing more than 2%. And while these declines mean the S&P 500 (^GSPC) is only 2.5% from its record, underneath the surface of… 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, July 16, 2021 A market in motion tends to stay in motion   It’s already been a strong year for the U.S. stock market.  Through Thursday’s close, the S&P 500 (^GSPC) is up 16.1% year-to-date, while the Dow (^DJI) and Nasdaq (^IXIC) are both up more than 12%.  But index-level gains, of course, don’t tell the full story of what’s happening… 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, July 14, 2021 Pandemic pressures linger but new pressures emerge June’s inflation data was a barnburner.  Data from the Bureau of Labor Statistics published Tuesday showed the consumer price index (CPI) rose 5.4% over last year on a headline basis, and 4.5% on a core basis. That measure strips out the more volatile components of food… 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, July 13, 2021 Huge earnings today don’t equal huge returns tomorrow The second quarter earnings season unofficially kicks off this morning, with Goldman Sachs (GS), JP Morgan (JPM), and PepsiCo (PEP) among the first companies out of the gate.  And as we’ve chronicled over the last few weeks here at the Morning Brief, expectations have… 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, July 8, 2021 Quits have never been a bigger part of restaurant worker churn By now, Morning Brief readers have likely become familiar with everyone’s favorite hipster economic data report: JOLTS.  Short for the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS), the report has been closely watched by investors for… 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, July 7, 2021 Pricing pressures stopped getting worse for the service sector last month If we wind back the clock to mid-May, the only idea it seemed investors wanted to discuss was inflation.  The argument from many economists and Federal Reserve officials — then and now — was that pricing pressures would prove “transitory,” or that… 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 Monday, June 28, 2021 With inflation no longer Greenspan’s ‘q’ word, here’s why generous worker pay matters. Does anyone remember the word “quiescent”? It’s an economic catchphrase popularized by Alan Greenspan, the former Federal Reserve chairman who presided over an impressive run of strong growth and stable inflation. During his lengthy… 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, June 24, 2021 Supply can’t meet demand, housing edition We’ve periodically checked in on the housing market at The Morning Brief over the last year, and the story has, in general, been consistent.  Home prices are rising amid a surge in demand, while low interest rates enable buyers to afford more house.  But cracks in the housing market… 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, June 23, 2021 GameStop saves money by raising money The “meme trade” has been one of the market’s defining trades this year.  And while some investors have chosen to ignore the action we’ve seen in shares of GameStop (GME) or AMC (AMC) amid a value rotation, rising bond yields, and a booming economy, these retail-driven trading frenzies… Source link