Tag Archives: Morning

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

  Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, March 10, 2021 Everybody bought stocks last week The first week of March was a strange one in financial markets. The tech-heavy Nasdaq (^IXIC) fell for the third-straight week. The Dow (^DJI) and the S&P 500 (^GSPC) eked out gains. The 10-year Treasury yield (^TNX) rose for its sixth-straight week. Monday’s trading brought investors much of the same — tech stocks were dumped as… Source link

TipRanks JPMorgan Bets on These 3 Stocks; Sees Over 50% Upside Potential It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, March 5, 2021 Vaccinations are having the biggest impact on airlines. As we noted on Thursday, investors are fully onboard the re-opening train. But these trades aren’t only anticipating what might happen when the masses are vaccinated and the economy is fully re-opened — they are also responding to real-time changes in data. In a note to clients published Thursday, economists at Bank of… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 4, 2021 Tech stocks go red for 2021. The re-opening rotation trade has been underway for months now. This trade can broadly be thought of as a move by investors away from stocks that worked in the stay-at-home world of 2020 and into names that should benefit from accelerating economic growth. This new theme kicked off following early November news that Pfizer (PFE) and BioNTech ( Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, March 3, 2021 Goldman Sachs puts the SPAC boom in context. Late last year, we wrote about David Kostin’s equity strategy team at Goldman Sachs declaring 2020 the year of the SPAC. In the few months since this report, the trend has only accelerated. Kostin’s team on Monday published their latest update on the space and the torrid pace with which these vehicles are coming to market. And… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, March 2, 2021 Manufacturing activity surges to a three-year high The U.S. economic recovery continues to be led by manufacturing. On Monday, IHS Markit and the Institute for Supply Management both released manufacturing activity data for February, with these reports showing the sector growing at the fastest pace in several years. The ISM’s manufacturing PMI registered a reading of 60.8,… Source link