Stocks plunge may have been a too fearful reaction to trade, economic worries
Stocks plunged on warnings from the bond market that the global economy could be slowing, but strategists say it may be overreacting.
Strategists Expect Stellar 2019 for U.S. Stocks
The perennial penchant for bullishness among Wall Street strategists has looked a little shaky of late, but that isn’t keeping them from their annual ritual of predicting another up year for stocks.
The same bond market move happening now occurred before last three recessions
Bespoke studied what happens when short-term interest rates rise above longer-term rates and found that when the 3-year and 5-year spread inverts, as it did Monday, other spreads soon follow, and so does a recession.
Fed adds its voice to rising fears about retirement investor core bond holdings
The bond market has become more concerned in recent months about the lower tier of the investment-grade market
US consumer spending surges, while underlying inflation slows
U.S. consumer spending increased by the most in seven months in October.
US third-quarter GDP growth unrevised at 3.5%
The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year.
Fed warns that a ‘particularly large’ plunge in market prices is possible if risks materialize
The Federal Reserve issues a cautionary note about risks to financial stability, saying trade tensions, geopolitical uncertainty and a buildup in corporate debt among firms with weak balance sheets pose strong threats.
US-China trade war could create winners in Southeast Asia
Southeast Asia is “a very attractive alternative” for companies looking to diversify away from China in the trade war, according to Satish Shankar from management consultancy Bain & Co.