Goldman Rolls Back Its Pessimistic Outlook for American Stocks

June 1st, 2020|

Goldman Sachs Group Inc. has effectively bowed to pressure from the continuing rally in U.S. stocks and abandoned its call for another steep sell-off.  Strategists led by David Kostin have rolled back their prediction that the S&P 500 would slump to the 2,400 level -- over 20% below Friday’s 3,044 close -- and now see

Nvidia Gives In-Line Forecast Helped by Data Center Demand

May 21st, 2020|

By Ian King Quarterly data center sales topped $1 billion for first time Game-related revenue fell sequentially as pandemic hurt supply (Bloomberg) -- Nvidia Corp. gave a quarterly revenue forecast in line with analysts’ estimates, helped by a surge in spending on internet infrastructure and purchases of computer gaming gear. Revenue will be about $3.65 billion in

Market Sees Inflation Well Below Fed Target Until at Least 2050

May 21st, 2020|

By Emily Barrett Breakeven rates show subdued expectations even after stimulus Outlook makes 10-year inflation-linked offering a hard sell (Bloomberg) -- Bond investors are skeptical that inflation will rebound as the U.S. economy eventually starts to recover. While some lawmakers fretted this week that a combination of central bank and government rescue packages could inflame long-dormant

U.S. Financial Conditions Are Easing at Fastest Pace in History

May 19th, 2020|

By Todd White Measure of market health has bounced back to early March level Strong second wave of virus ‘could change all this’: Gkionakis (Bloomberg) -- American financial conditions have loosened at the fastest pace since at least 1990, belying mounting investor skepticism that a V-shaped economic recovery will follow the pandemic-induced crash. A Bloomberg measure of market

CBO Raises 2021 GDP Estimate, Remains Pessimistic on Job Market

May 19th, 2020|

By Katia Dmitrieva (Bloomberg) -- The Congressional Budget Office says the U.S. economy will expand more in 2021 than previously projected, though the economic fallout from the coronavirus will have a long-lasting impact on the labor market. The non-partisan agency’s update to its economic projections showed gross domestic product will increase 4.2% in 2021 on a fourth quarter-to-fourth