JP Morgan’s widely followed market analyst says it’s time to buy the dip
J.P. Morgan is telling its clients to make the most of the market’s massive sell-off this week.
Machines take the blame as U.S. stock market sells off
Investors searching for perpetrators and victims in this week’s U.S. stock market selloff pointed to a familiar source: number-crunching fund managers and machines.
Consumer sentiment falls shy of expectations, but confidence in economic policy is at a 15-year high
Consumer sentiment in October fell just short of expectations on Friday.
Thoughts on the Market
Capital Markets Update Current market conditions are repricing asset classes around an upward shifting inflation expectation and steepening yield curve. At the same time, there is fear around Federal Reserve Policy resulting in over tightening. Our research supports the view that the US is still mid cycle with strong momentum going into 2019. The labor […]
The U.S. economy is set to look good ‘for quite some time,’ Chicago Fed president says
Charles Evans sees America’s economic outlook remaining positive for the foreseeable future — but only if interest rates are hiked to above neutral, or just above 3 percent.
Rising rates rattle Wall Street, but charts point to a stock bounce, technician says
Rates are on the rise and giving a scare to stock markets, but history suggests rising rates could soon give the stock market a lift, says Oppenheimer’s Ari Wald.
Manufacturers on pace for most bullish year ever amid lower taxes and deregulation
A combination of lower corporate taxes and slashing of regulations by the Trump administration has manufacturers on pace for their most optimistic year on record, according to the latest National Association of Manufacturers survey.
Booming US economy may soon be the ‘strongest since 1999’, Kevin Warsh says
President Trump’s corporate tax cut and his business deregulation efforts are not a “sugar high,” says ex-Fed Gov. Kevin Warsh.
US weekly jobless claims drop to a near 49-year low
The jobless claims data pointed to sustained labor market strength, which should continue to underpin economic growth.
Factory orders post largest gain in 11 months
New orders for U.S.-made goods recorded their biggest increase in nearly a year in August, boosted by a surge in demand for aircraft, but signs of weakness in business spending on equipment suggested that the manufacturing sector could be slowing.