Bullish Stocks Narrative Seen as Intact After US Inflation Data
Isabelle Lee Bloomberg March 29, 2024 Inflation view won’t shift, Richard Bernstein Advisors says Mismatch between spending and income is worrying, Sosnick says A cooldown in the Federal Reserve’s preferred gauge of underlying inflation last month, coupled with a rebound in household spending, failed to shift the Wall Street consensus that has lifted stocks to records in […]
US Consumer Sentiment Jumps to Highest Level Since July 2021
Vince Golle Bloomberg March 28, 2024 US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains and expectations that inflation will continue to ease. The University of Michigan’s sentiment index climbed to 79.4 from 76.5 earlier in the month, reaching the highest since mid-2021, according to the final March reading […]
Fed’s Preferred Inflation Metric Cools While Spending Rebounds
Augusta Saraiva Bloomberg March 29, 2024 The Federal Reserve’s preferred gauge of underlying inflation cooled last month while household spending rebounded. The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.3% from the prior month, data out Friday showed. That followed a 0.5% reading in January, marking the […]
Wall Street optimism on stocks is at its highest level since early 2022, BofA survey shows
PUBLISHED TUE, MAR 19 202412:18 PM EDT Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024. Brendan Mcdermid | Reuters Risk appetite among professional investors in March has hit its highest level in more than two years, according to Bank of […]
CEO of Hapag-Lloyd, one of world’s top ocean shippers, says the outlook has changed for the global economy
Lori Ann LaRocco Bloomberg March 15, 2024 The CEO of Hapag-Lloyd tells CNBC inventories are depleted in many cases and the ocean carrier has seen a recovery after Chinese New Year. Due to the ongoing Houthi attack issues in the Red Sea and Panama Canal drought, U.S. companies are paying more for ocean freight, with […]
Kelly Evans: Waiting on Perot
Kelly Evans CNBC October 19, 2023 The year is 1983. The sharp “double-dip” recession of the early ’80s has ended, and bond yields–which had finally been “broken” by Paul Volcker’s massive rate hikes–are showing signs of breaking out again. The 10-year Treasury jumps from roughly 10% to nearly 12% that summer. In his weekly client […]
Apple Stock Is a ‘Dark Horse’ Bet on AI
Dana Blakenhorn InvestorPlace Contributor January 17, 2024 • Apple (AAPL) stock is down relative to Microsoft because of AI. • Apple plans to run large language models on its devices, not just on its cloud. • Assuming all this works, patient investors will be rewarded. Before buying Apple (NASDAQ:AAPL) stock, which is already worth nearly […]
Ed Yardeni Says The Roaring Twenties May Be Back
Tiffany Tsoi Bloomberg January 25, 2024 These 20s (the 2020s) could be another Roaring 20s (as in the 1920s), according to Ed Yardeni, founder of Yardeni Research Inc. “History doesn’t repeat itself, but it does rhyme,” Yardeni says (à la Mark Twain) on this week’s episode of Merryn Talks Money. Making parallels between the Spanish flu […]
CNBC Daily Open: U.S. CEOs now more optimistic about economy
Sumathi Bala CNBC March 8, 2024 What you need to know today Asia stocks advance Asia markets rose Friday with Japan’s Nikkei 225 as well as the TOPIX closing higher even as January household spending dropped more than expected. Hong Kong’s Hang Seng index and mainland China’s CSI 300 also rose. Overnight, U.S. stocks ended on a strong note with the S&P 500 jumping 1% to […]
US Stocks Amped Up by Big Tech, Better-Than-Expected Earnings
Carmen Reinicke, Carly Wanna, Sagarika Jaisinghani Bloomberg March 2, 2024 This earnings season gave investors ample reasons to pour money into stocks even as traders grow increasingly wary about the economy and the timing of the Federal Reserve interest-rate cuts. Results for the final quarter of 2023 signaled continued corporate strength despite the angst. Balance […]