by Bloomberg.com | Dec 15, 2023 | alerts, Markets/Economy
Anxiety about economy has been a drag on Biden’s campaign Brainard downplays risks of Fed’s last-mile push to 2% target Recent economic data have widened the runway for a so-called soft landing, with growing indications that inflation will continue to fall, White...
by Bloomberg.com | Dec 15, 2023 | alerts, Markets/Economy, Real Investment Advice
What is the “wealth effect,” and why is it important? It is a great question and reminded me of “A Funny Thing Happened on the Way to the Colosseum.“ The hysterical play by Craig Sodaro features a naive Swiss farmer heading for Rome. His dream is to become a stand-up...
by BusinessInsider.com | Dec 14, 2023 | alerts, Markets/Economy
Jeremy Grantham has warned the S&P 500 could plunge by more than 50% from current levels to 2,200 points. But one of his colleagues, Ben Inker, says US stocks are much cheaper today than two years ago. GMO’s co-head of asset allocation says inflation and...
by Bloomberg.com | Dec 14, 2023 | alerts, Markets/Economy
Analysts cut profit expectations for S&P discretionary sector ‘Revenue estimates are tumbling’ on demand doubts, BI says Analysts are growing increasingly doubtful that US consumer spending will hold up into next year, even as American shoppers continue to be...
by CNN | Dec 13, 2023 | alerts, Markets/Economy
US markets soared higher on Wednesday afternoon following the Federal Reserve’s final policy decision of the year. The Dow rose 1.4%, closing at 37,090.24 and blazing past its previous record high of 36,799.65, reached nearly two years ago. The S&P 500 was up 1.4%...
by Yahoo.com | Dec 13, 2023 | alerts, Markets/Economy
Stocks climbed last week, with the S&P 500 rising 0.8% to close at 4,594.63. The index is now up 19.7% year to date, up 28.4% from its Oct. 12, 2022, closing low of 3,577.03, and down 4.2% from its Jan. 3, 2022, record closing high of 4,796.56. It’s that time of...
