Updates – Macro Trend

Stock Bull Run Powers Ahead as US Economy Roars: Markets Wrap

February 2nd, 2024|

Rita Nazareth Bloomberg February 2,2024 The stock market extended this week’s gains as big tech rallied and a solid jobs report bolstered the outlook for corporate profits. Equities hit all-time highs, with the S&P 500 approaching 5,000 and the Nasdaq 100 up 1.7% on bullish outlooks from Meta Platforms Inc. and Amazon.com Inc. Economic optimism outweighed bets the Federal Reserve will be in no rush to cut rates. Treasury two-year yields jumped 16 basis points to

Projected buyback revival stands to bolster US stocks in 2024

February 2nd, 2024|

Lewis Krauskopf Reuters February 2,2024 NEW YORK, Feb 2 (Reuters) - The rally that has taken U.S. stocks to an all-time high is expected to have another powerful driver in 2024: companies buying back more of their own shares. Stock buybacks are projected to increase this year after ebbing in 2023, fueled by forecasts of

Stocks Drop as Solid Data Fuel Fed-Pivot Repricing: Markets Wrap

January 17th, 2024|

Rita Nazareth Bloomberg 1/17/2024 Fed swaps trim odds of March interest-rate cut to about 50% US retail sales rise by most in three months to cap holidays Stocks joined losses in risk assets as bond yields climbed on speculation the Federal Reserve will be in no rush to cut interest rates as the economy shows signs of resilience. At a

Top Goldman Sachs analyst says the world is moving into a new super cycle

January 8th, 2024|

Sophie Kiderlin CNBC January 8th, 2024 The world economy is moving into a “different” super cycle, Peter Oppenheimer, head of macro research in Europe at Goldman Sachs, told “Squawk Box Europe.” Artificial intelligence and decarbonization are two of the key factors that could have a positive impact during this new cycle, he said. Oppenheimer also

US Services Growth Slows as Employment Shrinks Most Since 2020

January 5th, 2024|

Mark Niquette Bloomberg January 5,2024 ISM services PMI decreased 2.1 points in December to 50.6 Gauge of new orders dropped to three-month low of 52.8 The US service sector came close to stagnating at the end of 2023 as a gauge of employment showed the biggest contraction in more than three years. The Institute for

Conference Board’s Leading Index Shows Little Sign of Recession

December 21st, 2023|

Simon White Bloomberg December 21, 2023 The Conference Board’s Leading Index shows few signs of a recession yet. When that changes, it will be an early sign the market may need to begin pricing a more worrisome outcome. The measure dropped 0.5% in November. This marks the 20th consecutive decline, but a look under the hood

US Inflation Expectations Fall to Lowest Levels in Over Two Years

November 20th, 2023|

Augusta Saraiva Bloomberg September 15, 2023 US inflation expectations fell in early September to the lowest levels in more than two years as consumers grew more optimistic about the economic outlook. Consumers expect prices will climb at an annual rate of 3.1% over the next year, down from the 3.5% expected in August, according to the preliminary

Retail Sales Gains Can Extend as High-Earners Spend

November 13th, 2023|

Lindsay Dutch Bloomberg Intelligence November 13, 2023  The higher-income consumer is healthy, a positive sign for retail sales in 4Q and 2024, though rising credit-card balances, student-loan repayments and lower savings are hurdles. A shift away from dining out or travel could create opportunity in other discretionary categories, like apparel and electronics -- a boon

Yellen Says Yield Surge Is Due to Strong Economy, Not Deficits

October 26th, 2023|

Viktoria Dendrinou, Christopher Condon, and Margaret Collins Bloomberg October 26, 2023 Treasury Secretary Janet Yellen said the surge in longer-term bond yields in recent months is a reflection of a strong US economy, not the jump in government borrowing driven by a widening fiscal deficit. “I don’t think much of that is connected” to the US budget deficit, Yellen

US PREVIEW: Third-Quarter GDP to Blow by Consensus Estimate

October 25th, 2023|

Eliza Winger Bloomberg October 25, 2023 A frenzy of summer spending on travel and entertainment drove real GDP growth to an unsustainable pace in the third quarter. A narrowing trade deficit and modest build up of inventories also added to the topline figure. We expect consumption to slow in 4Q given elevated inflation, high interest

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