Tag Archives: Morning

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, March 29, 2021 Wall Street pros see gains, but modest gains With the S&P 500 (^GSPC) closing at an all-time high on Friday and the first quarter coming to a close this week, investors and traders are asking where the stock market is headed next. Though, when are they not? Overall, the tone on Wall Street is a modestly bullish one thanks to bullish expectations for the economy. At Barclays,… Source link

  Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, March 26, 2021 JPMorgan suggests a trade to hedge against a worst case scenario Images of the massive 400 meter-long container ship Ever Green running aground and blocking the Suez Canal are stunning. And the world is quickly learning how crucial that chokepoint is to global trade. “The immediate impact of delays in the canal will center on European-Asian trade, adding delays to already… Source link

TipRanks Strong Insider Buying Could Indicate a Bottom in These 2 Stocks Every investor knows that the path toward profits lies in buying low and selling high. That’s a basic precept of any economic trading system. The trick, however, is recognizing when the stock is low enough to buy in. The prime moment to buy is when the stock hits bottom; that will maximize returns when the share price starts to rise again. There are a multitude of possible clues investors can use to find the price… 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, March 22, 2021 There will ‘always’ be a top risk, but some are worse than others “There is always some reason or the other since the start of this bull market to complain/worry about,” Bank of America strategists led by Ajay Kapur wrote last week (emphasis ours). “That’s why bull markets climb a wall of worry.” Kapur and his team were… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, March 19, 2021 ‘Worriers are going to worry,’ Bank of America says Stocks hit record highs on Wednesday after the Fed’s latest policy statement. Stocks got crushed on Thursday as investors thought more about the Fed’s latest policy statement. In this kind of environment, it’s hard to know what to believe. But strategists at Bank of America led by Ajay Singh Kapur argue in a note published… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 18, 2021 Why Jay Powell isn’t worried about inflation this year The Federal Reserve on Wednesday upgraded its expectations for the U.S. economy. As my colleague Brian Cheung notes: “In its updated Summary of Economic Projections, the FOMC now expects the unemployment rate to tilt down to 4.5% by the end of this year with inflation reaching 2.2%. Three months ago, the Fed expected… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, March 17, 2021 Weather, checks, and comps. Some market watchers may have been shocked by Tuesday morning’s February retail sales report. The headline data showed sales fell 3% last month, the fifth-largest month-on-month decline dating back to 1992, according to data from Bespoke Investment Group. The only two worse months for retail sales declines came in 2008 and 2020 during the… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, March 16, 2021 No one can be bullish enough right now We’re one week away from lapping the one-year anniversary of the market’s pandemic low. And Wall Street is still struggling to keep up with the pace of both the recovery in markets and the real economy. As happens over the weekends and into Monday morning, The Morning Brief’s inbox is flooded with weekly updates from economists,… Source link

Bloomberg Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan (Bloomberg) — President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, won’t rely just on government debt as a funding source. While it’s been… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 11, 2021 Inflation might be coming. The data says: not yet. In financial markets there are few things you can count on. But one thing we know will surely come up sooner rather than later are widespread concerns about inflation. The commodities cycle, the Treasury yield curve, growth forecasts, and easy comps all suggest that higher consumer prices are coming down the pike this year…. Source link