The Federal Reserve doesn’t need to ‘keep our foot on the gas pedal’ anymore, Fed’s Bostic says
The risk of a powerful economy overheating is the reason the Fed should stick to its schedule of interest rate increases, Atlanta Federal Reserve President Raphael Bostic said Tuesday.
Market sell-off is about 80 percent over and will be reversed by share buybacks, JP Morgan says
The recent mini-correction in stocks has been driven mostly by technical factors and should reverse as companies progress through earning season, according to J.P. Morgan strategists.
US economy showing momentum as leading indicators rise for 12th straight month in September
The Conference Board’s Leading Economic Index for the U.S. increased by 0.5 percent last month, in line with what economists polled by Refinitiv expected.
U.S. regains crown as most competitive economy for first time since 2008: WEF
The U.S. economy sits atop of the World Economic Forum’s annual global competitiveness survey for the first time since the 2007-2009 financial crisis, benefiting from a new ranking methodology this year, the Swiss body said on Tuesday.
Another great sign for the economy: Job openings hit an all time high in August
Job openings hit a fresh record in August, indicating companies could face more inflationary pressures ahead with a tight labor market. The vacancies level hit 7.14 million for the month, according to the Job Openings and Labor Turnover Survey, a report Federal Reserve officials watch closely for clues about where employment stands.
A market bottom is forming, and it will lead to new record highs, Wall Street bull Jeff Saut says
Raymond James’ Jeffrey Saut suggests bailing on stocks will be a costly mistake.
US industrial production increased for a 4th-straight month, but momentum slowed sharply in the third quarter
U.S. industrial production increased for a fourth straight month in September.
Goldman says sell-off is just about over so get back into growth stocks
While investors wait for the sequel to last week’s market sell-off, Goldman Sachs strategists think the worst of it already may have passed.
A Looming Bear Market in Stocks? Don’t Bet on It
Protracted downturns largely occur when the economy lapses into recession, yet most economists don’t see that happening until 2020, if then.