Ed Yardeni Says The Roaring Twenties May Be Back
Tiffany Tsoi Bloomberg January 25, 2024 These 20s (the 2020s) could be another Roaring 20s (as in the 1920s), according to Ed Yardeni, founder of Yardeni Research Inc. “History doesn’t repeat itself, but it does rhyme,” Yardeni says (à la Mark Twain) on this week’s episode of Merryn Talks Money. Making parallels between the Spanish flu […]
CNBC Daily Open: U.S. CEOs now more optimistic about economy
Sumathi Bala CNBC March 8, 2024 What you need to know today Asia stocks advance Asia markets rose Friday with Japan’s Nikkei 225 as well as the TOPIX closing higher even as January household spending dropped more than expected. Hong Kong’s Hang Seng index and mainland China’s CSI 300 also rose. Overnight, U.S. stocks ended on a strong note with the S&P 500 jumping 1% to […]
Stock Bull Run Powers Ahead as US Economy Roars: Markets Wrap
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
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
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
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
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
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
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
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 […]