Guggenheim’s global chief investment officer Scott Minerd said Monday that the stock market could jump 10% or more over the coming year and the risks from inflation or rising interest rates are limited. Minerd told CNBC’s Brian Sullivan at the Milken Institute Global Conference that stocks were set to make a significant move higher after […]

Consumers spent at a much faster pace than expected in September, defying expectations for a pullback amid pervasive supply chain problems, the Census Bureau reported Friday. Retail sales for the month increased by 0.7%, against the Dow Jones estimate for a decline of 0.2%. Excluding auto-related sales, the number rose 0.8%, better than the 0.5% […]

PUBLISHED THU, OCT 7 202110:03 PM EDT Lucy Handley @LUCYHANDLEY A sign of Swiss banking giant UBS is seen at a branch in Zurich on October 26, 2018. Fabrice Coffrini | AFP | Getty Images Analysts at UBS have tackled investors’ “most difficult questions,” seeking to explain a range of subjects including Chinese regulation, inflation […]

PUBLISHED TUE, OCT 5 202112:25 PM EDTUPDATED AN HOUR AGO Jesse Pound@JESSERPOUND The Charging Bull statue, also known as the Wall St. Bull, is pictured in the financial district in of New York, September 9, 2020. Carlo Allegri | Reuters The recent wobble for the stock market has not changed Goldman Sachs’ expectation for a […]

Tuesday, October 5, 2021 07:24 AM By Reade Pickert ISM gauge advances slightly to 61.9 in September from 61.7 Measures of business activity, backlogs, prices rise (Bloomberg) — U.S. service providers expanded at a faster-than-expected pace in September, supported by a pickup in business activity and durable growth in new orders. The Institute for Supply Management’s non-manufacturing […]

The U.S. trade deficit raced to a record high in August, boosted by imports as businesses rebuild inventories, the latest sign that economic growth slowed in the third quarter. The trade deficit surged 4.2% to $73.3 billion last month, the highest since the government started tracking the series, the Commerce Department said on Tuesday. Economists […]

The current spate of inflation won’t last and ultimately will fall below the Federal Reserve’s target, Chicago Fed President Charles Evans said Tuesday. While inflation by some measures is running at a 30-year high, Evans told CNBC that the supply chain bottlenecks and other issues will subside and price pressures will fade. “I’m comfortable in thinking […]

Factset Research October 4, 2021 Despite recent risk-off sentiment, still thoughts there are a number of reasons to buy the dip. While Fed about to start tapering, still on track to add $400B+ to financial system by middle of next year. Q3 earnings expected to grow nearly 30%, recent quarters have seen big beats and […]

Monday, October 4, 2021 02:00 AM By Gary Shilling (Bloomberg Opinion) — The Federal Reserve is planning to tighten credit even as forecasts call for U.S. economic growth to slow and the recent high inflation rates to recede. With just the smallest of missteps, the central bank risks either overkill, or a further loss in credibility. […]

(Bloomberg Intelligence) — Inflation-traded markets have increasingly signaled acceptance of the Federal Reserve’s view that elevated inflation will prove fleeting. We believe shifts in realized inflation — as opposed to inflation expectations — will continue to drive allocations and hedging, while data surprises could lead to shifts in the share of trading on platforms vs. […]