Russia planned a major military overhaul, Ukraine shows the results
By Neil MacFarquhar (New York Times) — Russia wanted to build a leaner, more flexible fighting force and eliminate waste, bureaucracy and corruption. But entrenched, Soviet-era practices endure. Army vehicles were so decrepit that repair crews were stationed roughly every 15 miles. Some officers were so out of shape that the military budgeted $1.5 million […]
US Retail Sales Show Consumer Standing Firm in Face of Inflation
Tuesday, May 17, 2022 06:01 AM By Olivia Rockeman Value of purchases climbed 0.9% in April after stronger March Spending gains were broad, potentially helped by credit cards (Bloomberg) — US retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation. The value of overall retail […]
JPMorgan’s Kolanovic Says Stock Markets Overprice Recession Risk
Monday, May 16, 2022 11:33 AM By Elena Popina Stock market pricing in higher recession risk than debt, rates Bullish strategist’s buy-the-dip calls haven’t worked in 2022 (Bloomberg) — Equity investors’ anxiety about a potential recession isn’t showing up in other parts of the market, which is giving JPMorgan Chase & Co. strategist Marko Kolanovicconfidence in his […]
Historic tech sell-off is a ‘generational buying opportunity’ for the ‘right’ stocks, says analyst Dan Ives
PUBLISHED FRI, MAY 13 202212:20 PM EDTUPDATED 40 MIN AGO Sarah Min@_SARAHMIN In this article PANW+11.12 (+2.32%) TSLA+41.23 (+5.66%) LICY+0.78 (+12.36%) AAPL+3.90 (+2.73%) XOS-0.02 (-1.07%) The tech sell-off is not the second dot-com bubble — it’s a “buying opportunity” for the right stocks, according to Wedbush Securities’ Dan Ives. “We view this historic sell-off as more of a generational buying […]
U.S. INSIGHT: Will China Lockdown Knock Fed Off 50-bps Path?
Monday, May 9, 2022 02:39 PM By Anna Wong (Economist) (Bloomberg Economics) — At his press conference following the May FOMC meeting, Fed Chair Jerome Powell outlined the condition that would allow the committee to shift from 50-bps rate hikes to 25-bps: Inflation would have to come down on a sustained basis. One way that could happen […]
Williams Says Unemployment Rate May Rise as Fed Fights Inflation
Tuesday, May 10, 2022 06:36 AM By Matthew Boesler and Alexander Weber New York Fed chief speaks at economics conference in Germany Sees inflation cooling to nearly 4% in 2022, 2.5% in 2023 (Bloomberg) — The US central bank’s interest-rate increases may lead to somewhat higher unemployment as it attempts to bring about a “soft landing” while tackling […]
Goldman’s Oppenheimer Sees Value After $11 Trillion Stock Rout
Tuesday, May 10, 2022 02:55 AM By Michael Msika and Nikos Chrysoloras European stocks at ‘oversold’ levels, Nasdaq 100 nearing that Goldman, JPMorgan see buying opportunities after selloff (Bloomberg) — The rout in global equity markets that erased $11 trillion since the end of March may be reaching a floor for now as battered valuations, particularly among tech […]
2018: The key reasons behind the stock market’s ugly October fall
Published: Oct. 29, 2018 at 8:10 a.m. ET By Mark DeCambre The Dow has lost around 2,140 points, or 8%, since its Oct. 3 2018 all-time high, as of Friday’s close Markets are falling fast. But why? A few short weeks ago the Dow industrials were on the verge of busting through another psychological milestone […]
Inflation outlook for consumers falls from record high, Fed survey shows
Inflation expectations over the next year fell to a median 6.3% in April, a 0.3 percentage point decrease from the record high the previous month. Still, household spending is projected to rise a record 8% over the next year, according to a New York Fed survey of consumers. Consumer expectations for gas price increases fell […]
JPMorgan’s Kolanovic says the globe is not headed toward recession and is very bullish energy stocks
PUBLISHED MON, MAY 9 20222:18 PM EDTUPDATED 25 MIN AGO Pippa Stevens@PIPPASTEVENS13 In this article EOG-15.10 (-11.42%) OXY-7.35 (-11.32%) Stocks tumbled Monday as global growth concerns continue to weigh on markets, but JPMorgan doesn’t see a recession on the horizon. With this in mind, the firm is doubling down on its call to buy energy stocks. “The […]