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The move may appeal to some investors as growth plateaus Alibaba is grappling with market and internal uncertainty Alibaba Group Holding Ltd. green-lit another $25 billion in stock repurchases, aiming to assuage investors concerned about the Chinese e-commerce...

Beijing replaced market regulator in surprise move Wednesday Benchmark CSI gauge rose this week, but is still down on year Chinese stocks have staged a nascent recovery from a $7 trillion rout, thanks to intensifying rescue efforts as authorities seek to prevent the...

China quants lost 7.2% in January, versus gains in 2023 Quants threatened by short-trading curbs, small-cap drop China’s deepening stock-market slump is even taking its toll on quantitative hedge funds, whose computer models have helped them outperform human traders...

Funds focusing on small caps, niche plays have taken a hit A gauge of actively managed stock funds is down 16% this year Some onshore funds that weathered the Chinese stock rout last year are losing their shine, as recent losses highlight the challenges of investing...

Following our post on racial and ethnic wealth gaps, here we turn to the distribution of wealth across age groups, focusing on how the picture has changed since the beginning of the pandemic. As of 2019, individuals under 40 years old held just 4.9 percent of total...

Wealth is unevenly distributed across racial and ethnic groups in the United States. In this first post in a two-part series on wealth inequality, we use the Distributional Financial Accounts (DFA) to document these disparities between Black, Hispanic, and white...

Europe reluctance to take hard line on China looms as irritant Tariff hikes, countermeasures on Europe digital taxes in play Donald Trump is targeting the European Union for a potential slew of punitive trade measures designed to address long-standing grievances...

The New York Fed’s Center for Microeconomic Data released the Quarterly Report on Household Debt and Credit for the fourth quarter of 2023 this morning. Household debt balances grew by $212 billion over the last quarter. Although there was growth across most loan...

The Fed isn’t going to cut rates in May. Wages are growing and productivity is growing, too. But it may not be able to cut rates anytime soon. Here’s why: A record $8.9 trillion of government debt will mature over the next year, see the first chart below. The...

China is in the middle of a secular stagnation, says Clocktower Group’s Marko Papic Source: CNBC  BullsNBears.com was founded to educate investors about the eight secular bear markets which have occurred in the US since 1802.  The site publishes bear market investing...

CSI 1000 Index sinks 6.2% while CSI 300 ekes out a gain Investors expect policy support to be focused on large stocks China’s smallest stocks are flashing a warning about the potential downside for the world’s second-largest equity market if Beijing fails to follow...

Volatile markets are predicted to be greatest daily challenge Access to liquidity is the biggest concern of market structure Reliable sources of liquidity are at the top of traders’ minds as they brace for another year of turbulence, according to a JPMorgan Chase...

(Bloomberg) -- A momentous shift is under way in global markets as investors pull billions of dollars from China’s sputtering economy, two decades after betting on the country as the world’s biggest growth story. Much of that cash is now heading for India, with Wall...

Federal Reserve Chair Jerome Powell is predicting that more small banks will likely close or merge due to commercial real estate weaknesses, but that the problem is ultimately "manageable." The central bank official made this point during a "60 Minutes" interview that...

Japanese, Canadian, and European banks started to confess. And for over a year, huge losses have hit investors, not banks. What’s amazing about the mess of the office sector of commercial real estate (CRE) is just how far and wide these mega-losses – by some...

With the United States’ national debt closing in on $34.2 trillion, some of the biggest figures in the world of finance have been speaking out. But few expected Federal Reserve Chairman Jerome Powell to address the issue—at least until this weekend, when Powell spoke...

PHILIPPINE inflation cooled to a 22-month low in December yet the central bank said monetary settings will remain “sufficiently tight” amid accelerating rice prices. Consumer prices increased 3.9 per cent last month from a year ago, the statistics agency reported on...

Processing fees hit record low as smelters compete for ore Nation’s capacity expansion is likely to continue regardless Years of relentless growth are finally catching up with China’s copper smelters. Stung by disappearing profits, the country’s top industry body last...

Regulator makes pledge on Sunday after last week’s stock slide Academic calls for stabilization fund, investors vent online China pledged to stabilize markets after shares sank to a five-year low in chaotic trading on Friday, but policymakers offered no specifics on...

Following is a transcript of Federal Reserve Chair Jerome Powell’s interview with the CBS program 60 Minutes, as provided by CBS. The interview was conducted Thursday and was set to air Sunday evening. For a web version of the transcript and video of the interview,...

The grim state of China’s housing market has so far had little effect on the iron ore price because its steel mills are diverting their surplus output onto export markets where they are adding to what the OECD says is a crisis of excess steel supply. While the...

Festive season traditionally sees high demand for meats Sustained low pork prices worsening China’s deflationary fears For families across China preparing for Lunar New Year, the most important celebration in the calendar, pork is a must. An ingredient synonymous with...

Fervor continues despite high premiums, correction risks ETFs are a favored tool to invest abroad under capital control A record amount of Chinese money is flowing into overseas equities as despondent investors seek a way out of the sagging local stock market. Inflows...

Drop in shares follows New York Community’s surprise loss Analyst says there’s ‘an unbelievable amount of skittishness’ Investors concerned about the surprise loss and dividend cut at New York Community Bancorp this week have dragged down the shares of other US...

Investors not bothered by change in timing of rate cuts: BofA Magnificant Seven technology stocks driving S&P 500 returns The rush into technology stocks is resembling the bubble of 1999, reflecting an assumption that the economy will perform strongly despite...

Roche, Adidas and BNP Paribas have disappointed on profit Only 45% of Stoxx 600 firms have so far exceeded estimates The earnings season in Europe is off to one of the worst starts, with JPMorgan Chase & Co. data showing the fewest companies beating estimates in...

Investors not bothered by change in timing of rate cuts: BofA Magnificant Seven technology stocks driving S&P 500 returns The rush into technology stocks is resembling the bubble of 1999, reflecting an assumption that the economy will perform strongly despite...

Goldman Sachs warns of significant U.S. stock market downturn Factors include high leverage, poor tech earnings, Fed rate stance Key Takeaway Goldman Sachs' Scott Rubner warns the US stock market could face significant declines, citing recent S&P 500 losses and...

Lenders face debt maturities, lower values after thaw in deals Multifamily also a focus following change in New York rent law The US commercial real estate market has been in turmoil since the onset of the Covid-19 pandemic. But New York Community Bancorp delivered a...

Aozora Bank Ltd. shares plunged by the allowable limit after it forecast a loss for the year because of investments in the US commercial property sector. The bank announced that it expects to post a net loss of 28 billion yen ($191 million) for the fiscal year,...

JPMorgan Chase CEO Jamie Dimon warns that the global economy is teetering on the brink due to soaring government debt, predicting a significant collapse of markets and federal institutions. A $34.14 Trillion Nightmare The U.S. national debt has reached a staggering...

Loan-loss provision soars on sign of weakening credit quality Bank is also bolstering balance sheet for stiffer regulation New York Community Bancorp, one of the winners as regional lenders struggled and collapsed last year, plunged by a record as investors worried...

There's a recession looming that threatens to hammer stocks, David Rosenberg says. The veteran economist said the potential sell-off makes 2022's decline look like an "appetizer." The economy is barreling toward a recession — and it could trigger a stock-market...

Bitcoin bulls want to know: If you can easily buy a commodity on the stock market, in ETF form, does that drive demand for the commodity itself? The answer, judging by the past three years in the world of gold ETFs, is a clear no. Why it matters: The run-up in the...

Outlook worsens as factory activity shrinks for fourth month Investor sentiment is still extremely bearish: Union Bancaire A selloff in Chinese stocks deepened, with a key index falling to a five-year low and wiping out all the gains that it made last week on optimism...

Central-bank purchases, OTC buying key to rising consumption Fed’s expected pivot is seen spurring additional accumulation Total gold demand hit a record last year and is expected to expand again in 2024 as the US Federal Reserve moves toward cutting interest rates,...

S&P/ASX 200 Index exceeds closing high set in August 2021 Bonds jump with stocks, currency falls after CPI data Australia’s equity benchmark surged alongside bonds, closing at an all-time high after inflation data bolstered bets for monetary policy easing....

Move affects 2,100 rural banks with $6.7 trillion assets Banks buffeted by bad loans, shrinking margin, slow growth China is embarking on its biggest consolidation in the banking industry by merging hundreds of rural lenders into regional behemoths amid growing signs...

Jan 30 (Reuters) - Mondelez International (MDLZ.O) posted a rise in fourth-quarter sales on Tuesday, but price hikes took a toll on volumes as it squeezed demand for the Cadbury parent's chocolates and salty crackers, sending its shares down more than 2% after the...

Economy expanded 0.1% quarter-on-quarter, versus est. of 0.3% Domestic growth is slowing under high borrowing costs Mexico’s economy slowed more than forecast in the fourth quarter on waning exports and household consumption, fueling bets the nation’s central bank...

Share of top 10 stocks are nearing historical 2000 peak Strategists warn of a pullback led by top US equities The dominance of the 10 biggest stocks in US equity markets is increasingly drawing similarities with the dot-com bubble, raising the risk of a selloff,...

Inflows to ETFs with foreign exposure reached $1.3 billion Chinese retail investors risk being hit twice, says BI analyst Burned by years of underperformance in Chinese domestic stocks, local investor appetite for overseas equities is running so high that it’s fueling...

Employees will be full-time, primarily focused on CSE content X CEO Yaccarino to testify before Senate committee next week Elon Musk’s X, the company formerly known as Twitter, is planning to build a new “Trust and Safety center of excellence” in Austin, Texas, to...

Experts criticize lack of effort by companies, lawmakers AI tools make it easy to quickly spread false images, audio Deepfakes generated by artificial intelligence have proliferated on social media this month, claiming a string of high-profile victims and elevating...

Layoffs swept much of the media industry this week in an ominous start for 2024, further thinning the ranks at once-mighty publications such as the Los Angeles Times, Time and Sports Illustrated. More than 3,000 editors, reporters and journalism industry professionals...

Source: Yahoo FinanceFollowing an incident of President Biden's voice being replicated in AI-generated robocalls, concerns arise over how artificial intelligence could impact future elections in the United States. As part of Yahoo Finance's AI Revolution special...

Jan 26 (Reuters) - Federal Reserve policymakers have signaled they won't cut U.S. interest rates just yet; most economists think they will wait until June, given ongoing strength in household spending and uncertainty over the economic outlook. But U.S. central...

Ares, BlackRock among firms seeking an edge with data science Systematic techniques used to identify targets, unpack returns Wall Street is turning to its biggest brains as the battle for supremacy in the world of private assets heats up. Quantitative analysts — more...

Stocks have become the topic to avoid at dinner tables in China these days. The new year has seen anxiety over China’s slowing economy flare spectacularly in its giant stock market, with Shanghai dethroned as Asia’s biggest equity market and Hong Kong, where I’m...

Behind almost every leading artificial intelligence startup, you’ll find a tech giant fueling its rise. Microsoft Corp., Alphabet Inc. and Amazon.com Inc. have invested billions in the top artificial intelligence startups, supercharging the fast-growing AI sector and...

Ebbing inflation reduces firms’ ability to boost prices Wall Street sees revenue growth slowing for the sector While US consumers may be feeling a measure of relief as inflation cools, investors in the shares of consumer-goods makers aren’t quite as calm. That’s...

The number of Americans applying for unemployment insurance have been defying expectations and hovering near historically low levels, but they’re not a good indicator of the state of the labor market right now, according to a Bloomberg Economics analysis. The latest...

Software giant is second company to hit level, following Apple AI services are seen as a long-term revenue growth tailwind Microsoft Corp. achieved a historic $3 trillion market valuation on Wednesday, in the latest example of how optimism over artificial...

2022 was not a good year for the Chinese economy. In 2022, the COVID-19 epidemic, which started in December 2019, caused significant economic disruptions in the second quarter, especially in Shanghai, resulting in a real rate of growth for the Mainland economy of only...

Hong KongCNN — Chinese shares haven’t just had a bad start to 2024. It’s been rough going since February 2021, when they hit their most recent peak. Over the past three years, about $6 trillion — equivalent to roughly twice Britain’s annual economic output — has been...

White Collar and Blue Collar JOB Stats Support Major Economic Contraction Coming Source: Reventure Consulting  BullsNBears.com was founded to educate investors about the eight secular bear markets which have occurred in the US since 1802.  The site publishes bear...

Key measure of organic sales falls short of estimates Slow rebound in China is hurting P&G’s beauty business Procter & Gamble Co., the maker of Bounty paper towels and Downy fabric softener, reported quarterly sales that fell short of estimates as consumers...

China considers offshore money for stabilization fund: sources Some policy measures could come as soon as this week Chinese authorities are considering a package of measures to stabilize the slumping stock market, according to people familiar with the matter, after...

Chinese equities are lacking catalysts, says Foundation Asset MSCI China Index is 60% cheaper than the US equity benchmark The value of China’s stock market has never been this far behind that of the US, as the losses continue to pile up in a seemingly relentless...

Benchmark CSI 300 closed at a five-year low on Monday Cabinet was briefed on market situation and considerations China’s Premier Li Qiang asked authorities to take more “forceful” measures to stabilize his country’s slumping stock market and investor confidence, after...

Fed cuts should come in next 6 to 12 months: Pimco co-founder US policymakers next meet Jan. 31 to discuss interest rates Bill Gross has some advice for the Federal Reserve: stop winding down its balance sheet now, and start cutting interest rates in coming months to...

CNBC’s Jim Cramer has made the argument that one of the seven popular names included in the so-called “Magnificent Seven” — a group of mega-cap tech stocks — should be removed from the index. What To Know: Cramer was credited with coming up with the “FAANG” acronym...

The Media and Entertainment industry is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world. Many of these successes have turned into unicorns — private companies worth over $1...

China’s economy suffers many problems, and some are beginning to look like those that made it so hard for America to break out of its Great Depression in the 1930s. True, China has not experienced a stock market crash. That is different. What China does have in common...

The Fed may have to cut more this year than the market expects, says Jason Cummins. 2023 was the year the US economy escaped recession, defying expectations that a dramatic increase in interest rates would weigh on growth. As things stand in early 2024, stocks are...

Deeper Hong Kong selloff shows global pessimism about China Disappointing growth recovery and measured stimulus sour mood A rout in Chinese stocks listed in Hong Kong intensified Monday, pushing their discount to mainland peers to the deepest in fifteen years in the...

Source: Bloomberg Television An inverted yield curve has preceded every recession since 1969.  The inventor of the famed indicator said it is accurately predicting a downturn this year.  When the yield curve inverted in November 2022, he said it was a false signal. ...

Contract closings fell 1% in December, NAR data show Prices hit a record in 2023 as supply remained constrained Sales of previously owned US homes fell in December, capping the worst year for the housing market in nearly three decades. Contract closings decreased 1%...

Weak food demand biggest cause, as families tighten belts Many economists see return to soft inflation levels in 2024 China’s slide into deflation is proving hard for the world’s second-largest economy to arrest. Economy-wide prices last quarter marked their...

Deflation Disaster: Navigating the Deflationary Spiral & Market Freefall | Henrik Zeberg Source: Wealthion  BullsNBears.com was founded to educate investors about the eight secular bear markets which have occurred in the US since 1802.  The site publishes bear...

There are a lot of reasons to feel good about the economy right now. Unemployment is low. Inflation is receding. The supply shocks of the pandemic are in the rear-view. But the positive indicators seem to be weighed down by a malaise. Maybe that’s because of...

Natalia Emanuel, Emma Harrington, and Amanda Pallais Firms remain divided about the value of the office for “office” workers. Some firms think that their employees are more productive when working from home. Others believe that the office is a key place for investing...

The Chinese economy’s debt ratio reached a new record high, according to central bank and statistics bureau data compiled by Bloomberg. The macro leverage ratio — or total debt as a percentage of gross domestic product — inched up to 286.1% in the fourth quarter. The...

Stronger easing in two biggest cities shows ‘limited effect’ Slump in sales and property investments also worsened China home prices fell the most in almost nine years in December, underscoring why officials are extending support to the biggest cities to end the...

Here's what Americans say they'd do with a surprise pay bump U.S. consumers may be growing a bit more uneasy about their debts. That's according to a report released Tuesday by the Federal Reserve Bank of New York, which looked at Americans' recent spending habits and...

GDP deflator reflects broader picture than consumer prices Weak consumer confidence, housing slump dragging on growth A Chinese measure of economy-wide prices marked its longest slide since 1999, underscoring deep deflationary pressures that are weighing on the...

Researchers measured AI responses to 200,000 legal questions Frequent ‘hallucinations’ could hurt self-represented litigants Popular AI chatbots from OpenAI Inc., Google LLC, and Meta Platforms Inc. are prone to “hallucinations” when answering legal questions, posing...

Overseas investors have resumed selling China onshore equities in the new year as pessimism over the country’s sluggish economic recovery deepens. Global funds offloaded 7.9 billion yuan ($1.1 billion) of stocks in the first two weeks of 2024, after making large...

Stocks climbed last week, with the S&P 500 gaining 1.8% to close at 4,783.83. The index is now up 0.3% year to date, up 33.7% from its October 12, 2022 closing low of 3,577.03 and down 0.3% from its January 3, 2022 record closing high of 4,796.56. Often times,...

Mexico to take lead as 'friendshoring' brings in manufacturing WASHINGTON/BEIJING -- China was likely knocked off the perch as the top exporter to the U.S. for the first time since 2006 last year, outpaced by Mexico as tensions between the world's two largest...

Credit-card delinquency rates have exceeded pre-pandemic levels, while the share of borrowers making only the minimum payment climbed above 10% for the first time since 2019, according to a Federal Reserve Bank of Philadelphia report. Almost 3.2% of card balances were...

Consumer prices increased more than expected in December as investors continue to look for signs the Federal Reserve can begin to cut interest rates. The December Consumer Price Index (CPI) showed prices ticked up slightly at 0.3% over last month, an increase from the...

Alain Chaboud, Lisa Chung, Linda S. Goldberg, and Anna Nordstrom Editor’s note: Since this post was first published, the first paragraph under the “Looking Forward” subhead has been updated to clarify the expected increase in the speed of FX transaction settlements....

Reasonable base case is 150 basis points of cuts: Mac Gorain JPMorgan Asset favors buying five-, seven-, 10-year Treasuries The Federal Reserve may end up cutting interest rates more than it’s currently signaling as the US economy slows, driving a rally in...

In the second quarter of 2022, the homeownership rate for white households was 75 percent, compared to 45 percent for Black households and 48 percent for Hispanic households. One reason for these differences, virtually unchanged in the last few decades, is uneven...

Vacancy rate in city’s core rose to 17.4% in fourth quarter More construction in Toronto has been pressuring the market The vacancy rate for downtown Toronto office buildings reached a record high at the end of last year as a flood of largely empty space from newly...

World food commodity prices end in 2023 about 10% below their year-earlier level, with the most notable decrease observed in international sugar quotations. According to the Food and Agriculture Organization of the United Nations (FAO) Food Price Index, the average...

Consumer prices fell 0.5% on month, rose 3.9% on year in Dec. Central bank has said inflation ‘clearly’ easing to 3% target Chilean consumer prices unexpectedly posted their biggest monthly drop in more than a decade in December, sending swap rates tumbling and paving...

How can we accurately measure changes in living standards over time in the presence of price inflation? In this post, I discuss a novel and simple methodology that uses the cross-sectional relationship between income and household-level inflation to construct accurate...

The so-called “Magnificent Seven” stocks — Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla — now represent around 30% of the entire market cap of the S&P 500 index. Bank CIO Charles-Henry Monchau said the market will undergo a welcome “broadening of the...

Ever since day-one of the predictably disastrous and politically myopic insanity of weaponizing the world reserve currency against a major power like Russia, we warned that the USD had reached an historical turning point of slow demise and increasing de-dollarization....

Henrik Zeberg - Market Crash Will Be Worse Than 1929!Source: Bloor Street Capital  BullsNBears.com was founded to educate investors about the eight secular bear markets which have occurred in the US since 1802.  The site publishes bear market investing...

Company has erased $177 billion in value so far this year Gap between Apple and Microsoft is less than $100 billion Apple Inc. just had its worst start to the year by one measure as investors react to mounting pressures on the company, putting its long-standing status...

Steep drop in raw prices could indicate relief for consumers Fall in wholesale prices take time to feed through to retail Global food prices posted the biggest annual drop since 2015, amid signs that lower wholesale food prices are starting to feed through to...

Consumer prices rose 3.8% from year ago in December; est. 3.9% Surge largely due to one-time energy aid payments in late 2022 German inflation quickened less than anticipated in December — reflecting a more muted boost from energy that may help keep wage demands at...

ISM’s manufacturing index registered 47.4 in December Prices slid at faster rate while employment shrank less A measure of US factory activity remained stuck in contraction territory for a 14th month at the end of 2023, restrained by weaker orders. The Institute for...

Nasdaq 100’s 1.7% first day drop is third-worst since 2001 ‘January rout in megacap tech is now consensus,’ BofA says Traders hoping that a pan-markets year-end rally would pick up where it left off got the opposite on 2024’s first trading day, a session that featured...

Manufacturing PMI declined to 49 due to subdued demand The Chinese central bank could cut rates in early January: ANZ China’s factory activity shrank in December to the lowest level in six months, fueling expectations the government may have to act soon to add impetus...

Campbell Harvey, professor of finance at Duke University, joins BNN Bloomberg to explain how the inverted yield curve is a strong predictor of a recession. He says the economy is nearing a full quarter of inversion before "code red" and for central banks to pause on...

Central bank highlights support to techology, green sectors It also pledges to expand domestic demand, boost confidence China’s central bank vowed to step up existing monetary policy and stimulate consumer prices, which last month continued their slide, falling at the...

Buyers acquire the five-story property for $44.7 million Harbor Associates says distress is starting to hit the market A Los Angeles office building located near Century City and Beverly Hills sold for about 52% less than its price five years ago. Harbor Associates...

Transaction is biggest office deal in downtown LA this year Vacancy rate nears 30% for office buildings in downtown LA Aon Center, the third-tallest tower in Los Angeles, has sold for $147.8 million — about 45% less than its last purchase price in 2014 — as office...

OpenAI would be second-most valuable US startup behind SpaceX Company also in talks for billions from G42 for chip venture OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above $100 billion, people with knowledge of the matter...

Factory to make EVs and plug-in hybrids for European buyers Hungary has attracted a string of battery, EV investments BYD Co. plans to build its first European car factory in Hungary, rewarding Prime Minister Viktor Orban for years of courting China for investments....

Bloomberg survey shows four interest-rate reductions in 2024 Economists dial back inflation forecasts through next year Economists see the Federal Reserve holding off on interest-rate cuts until mid-2024, contrary to market expectations the easing cycle will begin...

Core PCE likely hit 2% target on six-month annualized basis Similar outlook for next six months seen prompting Fed easing The US inflation outlook was already steadily improving in recent months, but last week, right in the middle of the Federal Reserve’s two-day...

The topics covered on Liberty Street Economics in 2023 hit many themes, reflecting the range of research interests of the more than sixty staff economists at the New York Fed and their coauthors. We published 122 posts this year, exploring important subjects such as...

About 1 in every 24 people in England and Scotland has Covid-19, with London the worst-affected area as the highly infectious JN.1 variant spreads rapidly. The prevalence of Covid is also highest in people from 18 to 44 years old, according to a joint report by the UK...

Declining values send more buildings into negative equity Distress threatens ‘dozens to over 300’ banks, report says Falling commercial-property values are raising solvency risks for potentially hundreds of US banks, according to a new report prepared for the National...

Another struggling office tower in Downtown Los Angeles has fallen in line both with similar assets in the commercial real estate market and with the wider decline in demand for traditional office space. The value of the 41-story EY Plaza office building has dropped...

A recent warning by YahooFinance warns investors to sell their cash and buy bonds and stocks now as the Fed pauses. To wit: “Get out of cash now. Take advantage of some of these incredible things in the fixed-income markets, especially in the belly of the curve. Take...

A run-up in costs for a key ingredient squeezes the $48.8 billion confectionery sector just in time for the holidays. Bonbons and candy canes may dominate the American holiday aesthetic, but US confectionery companies are feeling anything but jolly as they head into...

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...

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 economic...

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...

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%...

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...

Deflation is the opposite of inflation: it’s when prices fall instead of rise. In the U.S., deflation is happening across categories like food, energy and household goods, according to consumer price index data. A strong U.S. dollar, untangled supply chains and quirky...

In October, the markets were down 10% from the July high, bond yields were touching 5%, and talk of a coming recession was rampant. What happened? Interestingly, a Wall Street axiom says, “Sell the last Fed rate hike.” The reason is that when the Fed starts cutting...

Source: Adam Taggart  BullsNBears.com was founded to educate investors about the eight secular bear markets which have occurred in the US since 1802.  The site publishes bear market investing recommendations, strategies and articles by its analysts and unaffiliated...

Source: Bloomberg  BullsNBears.com was founded to educate investors about the eight secular bear markets which have occurred in the US since 1802.  The site publishes bear market investing recommendations, strategies and articles by its analysts and unaffiliated...

Alphabet (NASDAQ:GOOGL) stock is up more than 3% in early New York trading on Thursday following the release of Gemini, described as Google's "largest and most capable AI model" to date. Analysts have responded positively to this long-anticipated AI model,...

The S&P 500 is likely to tumble 23% to 3,500 points by mid-2024, JPMorgan's charts guru says. Jason Hunter, the bank's head of technical strategy, views a US recession as very likely. Hunter sees cash and Treasury bonds are safer bets than stocks today. Prepare...

Firms with recent listings seeing smaller gains than peers ‘Everything rally’ propels S&P 500 to jump 11% as VIX sinks A rally across equity markets lifted Birkenstock Holding Plc and other newly public firms, but Wall Street still isn’t welcoming initial public...

Source: CNBC  BullsNBears.com was founded to educate investors about the eight secular bear markets which have occurred in the US since 1802.  The site publishes bear market investing recommendations, strategies and articles by its analysts and unaffiliated...

Key Takeaways: Gross domestic product (GDP), adjusted for inflation, increased at a 5.2 percent seasonally adjusted annualized rate (SAAR) in Q3 2023, according to the second estimate from the Bureau of Economic Analysis (BEA), an upgrade of three-tenths compared to...

US consumer spending, inflation and the labor market all cooled in recent weeks, adding to evidence that the economy is slowing. Inflation-adjusted personal spending rose 0.2% last month after a downwardly revised 0.3% advance in September, according to the Bureau of...

Contract signings for existing homes logged their slowest pace in more than two decades in October. Home sales under contract dropped 1.5% from the month before, according to the National Association of Realtors on Thursday. The 71.4 index reading is the lowest since...

New York Fed chief says policy ‘most restrictive in 25 years’ Inflation, spending data show economy shifting into lower gear Federal Reserve Bank of New York President John Williams reiterated the Fed’s benchmark lending rate is at or near its peak level and said...

The S&P 500 will soon wrap its best month in more than a year. Even a limp to that finish line that seems to be playing out won’t move the needle on that. One particularly frustrating aspect of 2023 for investors has been waiting for a recession that never came,...

Point72 revised up fourth-quarter growth forecast to 1.5% Drossos says things could get worse if jobs, spending falter Investors should brace for turbulence as the US economy slows this year, according to Point72 Asset Management’s Sophia Drossos. “We could be in for...

The end of the property boom is diminishing homeownership as a path to wealth and deepening economic divides. The shock that rippled through global housing markets as central banks rapidly raised interest rates last year has given way to a cold new reality: The real...

Traders are betting Big Tech stocks will keep pushing higher Focus turns to Nvidia earnings as Nasdaq flashes warning Investors were given plenty of opportunities to fret about the outlook for technology giants this earnings season. Instead, they doubled down on a...

Financial conditions continue to tighten even as US central bankers do nothing. A failure to respond come next year will risk a recession. Now that there’s a growing consensus that the Federal Reserve is done raising interest rates — a shift I predicted last month —...

US homebuilder sentiment fell to the lowest level this year in November as high mortgage rates kept a lid on housing demand. The National Association of Home Builders/Wells Fargo gauge decreased six points to 34 this month, according to data out Thursday. That was...

Source: Adam Taggart  BullsNBears.com was founded to educate investors about the eight secular bear markets which have occurred in the US since 1802.  The site publishes bear market investing recommendations, strategies and articles by its analysts and...

New YorkCNN — Lower grocery prices may soon be coming for shoppers. Walmart CEO Doug McMillon said Thursday that the US food industry may be heading into a period of deflation after three years of punishing price hikes that have caused sticker...

Summary Retail sales fall 0.1%; September sales revised higher Core retail sales increase 0.2%; September data revised up Producer prices fall 0.5%; up 1.3% on year-on-year basis WASHINGTON, Nov 15 (Reuters) - U.S. retail sales fell for the first time in seven months...

Prices paid to producers sank 0.5% in October, core unchanged Decline in goods costs led by gasoline, services prices flat Prices paid to US producers unexpectedly declined in October by the most since April 2020, adding to evidence of abating inflationary pressures...

Reiterates deflationary outlook as CPI comes in soft Says Federal Reserve will need to cut rates ‘significantly’ Cathie Wood said that deflation is already underway in the US across industries and will force the Federal Reserve to kick off a big interest-rate cutting...

Allied Market Research published a report, titled, "Influencer Marketing Market by Component (Solution and Services), Enterprise Size (Large Enterprise and Small and Medium-sized Enterprises (SMEs)),  Application (Campaign Management, Influencer Relationship...

More than half of businesses foresee a decline on the year High inflation, global conflicts hurting consumer sentiment More than half of Germany’s retailers in the non-food sector are expecting weaker sales during the key Christmas period due to the negative...

Retail traders stop chasing the 2023 rally as FOMO evaporates Net sales from the group total almost $16 billion in October Individual investors who had been behind the stock-market rally this year pulled more money from US equities in October than they have in any...

Higher baseline inflation may last for decades, Griffin says US spending like a ‘drunken sailor,’ deficit is unsustainable Citadel founder Ken Griffin said the world is facing unrest and structural changes that are pushing it toward de-globalization and causing higher...

Stocks that have missed Wall Street's expectations for earnings per share are selling off the most we've seen since 2011. Data out from FactSet on Tuesday showed on average S&P 500 companies reporting weaker than expected earnings per share in during the third...

Video "Empirical Money Supply data Predicting HARD LANDING in 2024!" is a MUST VIEW.  Its an interview of Lacy Hunt who is a critically acclaimed and award winning global economist.   His empirical data is different than mine.  However, it fully supports my...

Delinquency rates on credit-card bills continued to rise, with the sharpest increase among borrowers aged 30 to 39, according to the NY Fed. A growing share of Americans are falling behind on their credit-card bills as credit-card debt hit a record high in the third...

Source: Banking System Vulnerability: 2023 Update, by New York Federal Reserve Bank The bank failures that occurred in March 2023 highlighted how unrealized losses on securities can make banks vulnerable to a sudden loss of funding. This risk, which materialized...

Bleach pancakes, anyone? In a new video spot, data governance software platform Transcend highlights the dangers of rogue AI chatbots – and unregulated AI more broadly – for both brand and individual reputations. The ad, created by brand consultancy firm Red & Co...

Sector is less vulnerable than it was ahead of 2008 crisis Losses in securities portfolios risk weakening capital levels While the US banking sector is stable, growing vulnerabilities leave at least some institutions under a near-term threat of funding pressure and...

The Russell 2000 (^RUT) just had its best week in more than two years. Beaten-down areas of the market surged as investors increasingly bet on the Federal Reserve being done with its interest rate hike cycle. And even after a more than 7.5% increase in the index, RBC...

Back when money in the bank was yielding almost nothing, commercial real estate became a haven for investors in need of reliable returns. Then central banks jacked up interest rates to tackle a bout of post-pandemic inflation and a lot of properties suddenly looked...

S&P 500 sales beats are lowest since third quarter of 2019: BI Barclays says companies sound more negative on sales outlook Corporate America is delivering the bleakest sales reports in four years this earnings season, a sign that weakening consumer demand is...

Funds with overseas assets will be hit by faster settlement Rise in costs via wider spreads may be passed on to investors A big push by US regulators to speed up settlement times for securities trades is supposed to boost market efficiency and protect investors from...

Seven biggest tech stocks are down an average 9% from highs Sector still carries a nearly 36% premium to the S&P 500 Earnings for most of Big Tech are out and the group delivered even bigger profits than Wall Street anticipated. The bad news: the outlook for...

Looking to buy a home? If so, bad news from Redfin. According to the real estate firm's latest survey, home shoppers need to earn 50% more than they did prior to the pandemic to afford a typical US home in today's market. Nationally, buyers had to earn an average of...

Summary: Higher inflation reduces the real value of the government’s outstanding debt while increasing the tax burden on capital investment due to lack of inflation indexing. Increasing the current annual inflation target regime from 2 percent to 3 percent inflation...

A group of chains that rely on Black Friday more than peers posted a 4% drop in sales. For retailers and brands that rely on Black Friday the most, the day was a dud. That’s a troubling sign for these chains and a US economy that needs consumers to keep upping their...

Earnings management calls are plagued with demand concerns Profit warning news trend is at high only halfway into season More companies are flagging concerns over the looming threat of an economic slowdown this earnings season, striking a cautious tone. At just over...

Video "The Impending Recession with Dr. Lacy Hunt" is a MUST VIEW. Dr. Hunt is a critically acclaimed and award winning global economist.   His empirical data is different than mine.  However, it fully supports my predictions for the U.S. stock market and economy:...

Global investors taking ‘wait-and-see approach,’ Preqin says Slide in building valuations also hurts potential for returns Private real estate fundraising plunged in the third quarter as higher interest rates cooled investor appetites for risk. Around the world, $18.2...