Never Mind the Fed: Reliable S&P 500 Rescuer Poised to Return
While investors debate whether the Federal Reserve will rescue stocks, one reliable source of support for the market is poised to return.
Nobel Prize winner Robert Shiller: I don’t expect a sharp turn in the housing market
The housing market may be slowing down, but Yale economist Robert Shiller says he isn’t fearful that a big downturn is ahead.
U.S. Personal Spending Ends Third Quarter on Solid Footing
Americans increased spending in September and their incomes ticked up, a positive sign for the economy’s main engine heading into the fourth quarter.
A Hard Landing for China Just Isn’t in the Cards
The “common” view of China has long been that its economy is teetering on the verge of collapse, its impressive economic growth over the past 40 years has been a fluke, and it can’t be sustained.
Goldman Sachs: Sell-off is ‘overdone’ and market should rebound by 6% before end of the year
The stock market sell-off over the past month has gotten overdone and will be offset in part as companies get back to buying back their own shares, according to a Goldman Sachs analysis that sees the market gaining close to 6 percent over the next two months.
U.S. GDP Grows Above-Forecast 3.5% on Consumers, Inventories
The U.S. economy expanded at a 3.5 percent pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending, marking the strongest back-to-back quarters of growth since 2014.
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.