Stocks could have a quick surge from here, BlackRock’s Larry Fink says
“We have a risk of a melt-up, not a meltdown here. Despite where the markets are in equities, we have not seen money being put to work,” the head of the world’s largest asset manager tells CNBC.
Jamie Dimon says the US economic expansion ‘could go on for years’
According to J.P. Morgan Chase CEO Jamie Dimon, the economic expansion that began after the 2008 financial crisis has no expiration date.
U.S. labor market tightening; inflation pressures moderate
The number of Americans filing applications for unemployment benefits dropped to a 49-1/2-year low last week, pointing to sustained labor market strength that could temper expectations of a sharp slowdown in economic growth.
U.S. job growth rebounds in March, but wage gains moderate
U.S. employment growth accelerated from a 17-month low in March as milder weather boosted hiring in sectors like construction, which could further allay fears of an abrupt slowdown in economic activity in the first quarter.
Wall Street rallies on upbeat China, U.S. manufacturing data
U.S. stocks rallied on Monday, starting off the second quarter on a strong note, as upbeat manufacturing numbers from China and the United States eased worries about slowing global growth.
New home sales rise to 11-month high in February
Sales of new U.S. single-family homes increased to an 11-month high in February and sales for January were revised higher, suggesting that lower mortgage rates were starting to lift the struggling housing market.
Despite slowdown fears, US stocks still seen as best bet on the globe
Things might look a little gloomy in the world’s biggest economy, with slowing earnings growth and recession fears in the bond market, but stocks are still holding up just fine.
Stocks typically outperform even when bonds signal recession
Some investors may be freaked out over the recession signal being sent by bond market rates, but if history is a guide, there is still time to capture more gains in the stock market.
China trade deal likely; automakers can avoid tariffs with U.S. plants
U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement “will probably happen,” adding that his call for tariffs to remain on Chinese imported goods for some time did not mean talks were in trouble.