US PREVIEW: Spending to Rise Amid High but Slowing Inflation
Thursday, May 26, 2022 09:00 AM By Yelena Shulyatyeva (Economist) (Bloomberg Economics) — Personal spending kept growing at a solid clip in April, Bloomberg Economics estimates. American consumers remained resilient to high inflation, increasingly relying on credit cards amid a record-low ratio of household debt servicing to income. Personal Income & Spending BE Estimate Consensus Prior […]
GOLDMAN SAYS SIGNS THAT INFLATION IS PEAKING COULD BE POSITIVE FOR STOCKS
CNBC PUBLISHED FRI, MAY 27 202212:39 PM EDT Jeff Cox Signs that inflation is at least starting to abate from a 40-year high could be a positive for stocks, according to Goldman Sachs. Markets rallied Friday as a government report showed the pace of inflation slowed a bit in April, primarily due to falling gas prices but […]
Goldman names its top tech giants to weather volatility — and gives one upside of nearly 140%
CNBC Pro PUBLISHED THU, MAY 26 2022 9:22 PM EDT Zavier Ong Goldman Sachs has named four “compelling” buying opportunities in tech after a mixed bag of first-quarter earnings. The stocks offer solid topline growth and are more likely to prevail amid the current market volatility, the bank said. After years of market-beating returns, tech stocks have […]
Citi’s bear market model says it may be time to buy the dip
PUBLISHED THU, MAY 26 202211:12 AM EDT Fred Imbert@FOIMBERT In this article .SPX+88.60 (+2.23%) Citi thinks it may be time to start buying stocks again, as its bear market model signals that conditions are improving. The bank’s “bear market checklist,” or BMC — which looks at a broad range of potential indicators for a market downturn, […]
Seller Exhaustion? Four Charts Show Bears’ Grip Loosening
Thursday, May 26, 2022 10:32 AM By Isabelle Lee and Vildana Hajric Bullish signs have emerged following near bear-market slump The risk-reward for short-term move is bullish: Cappelleri (Bloomberg) — From an easing in second-by-second selling momentum to a pop in junk-bond prices and fewer stocks hitting new lows, key data watched by analysts to gauge the real-time […]
CBO boosts U.S. GDP growth estimates, says inflation has topped and will cool to 2% by 2024
PUBLISHED WED, MAY 25 20222:13 PM EDTUPDATED 2 HOURS AGO Thomas Franck@TOMWFRANCK The nonpartisan Congressional Budget Office estimates that real gross domestic product, or GDP, will grow 3.1% in 2022, it said in a Wednesday report. “In CBO’s projections, the current economic expansion continues, and economic output grows rapidly over the next year,” the CBO […]
Has the Fed set the stage for a major risk rally?
Has the Fed Inadvertently Signaled When Rate Hikes Will End? 11:43:56 AM Source: Bloomberg Intelligence Most Fed officials agreed at their gathering this month that the central bank needed to tighten in half-point steps over the next couple of meetings, continuing an aggressive set of moves that would leave policy makers with flexibility to shift […]
Housing and Retail Showcase the Power of the High-End Consumer
8:19:07 AM Source: Bloomberg Intelligence The latest retailer and homebuilder results once again highlight a bifurcation between affluent US consumers, who continue to spend robustly, and the less well-off. The split is particularly pronounced in housing. A new home is a luxury good and any home at all has become increasingly expensive. The highest-end of the publicly-traded […]
Tech investor Jim Breyer says he’s adding Microsoft on weakness and will hold it for years
PUBLISHED WED, MAY 25 202212:20 PM EDTUPDATED AN HOUR AGO Yun Li@YUNLI626 James Breyer, founder and CEO of Breyer Capital at the 2018 WEF in Davos, Switzerland. Adam Galica | CNBC Billionaire venture capitalist Jim Breyer said he is buying the dip in Microsoft, a conviction bet for him for the long term. “I’m buying a […]
US Durable Goods Orders Rise on Steady Business Equipment Demand
Wednesday, May 25, 2022 05:52 AM By Reade Pickert Bookings for long-lasting goods increased 0.4% in April Core capital goods orders and shipments continue to advance (Bloomberg) — Orders placed with US factories for durable goods rose in April, highlighting firm and sustained demand for equipment and merchandise. Bookings for durable goods — items meant to last at […]