|Day's Range||27,839.68 - 28,035.85|
|52 Week Range||21,712.53 - 28,174.97|
The Federal Open Market Committee’s (FOMC) last policy-setting meeting of this year and November’s retail sales data will take centerstage this week.
Futures: The stock market rally and China-tied Apple, AMD and Alibaba await President Donald Trump's China trade war decision on Dec. 15 tariffs.
China’s exports in November shrank for the fourth consecutive month, underscoring persistent pressures on manufacturers from the Sino-U.S. trade war but growth in imports may be a sign that Beijing’s stimulus steps are helping to stoke demand. Top White House economic adviser Larry Kudlow said on Friday that a December 15 deadline is still in place to impose a new round of U.S. tariffs on some $156 billion of China’s remaining exports to the United States.
Wall Street futures slip lower as investors gather themselves for a big week of global event risks including two central bank decisions and a make-or-break U.K. general election.
By the end of the week, the stock market ship had righted itself, moving higher on the back of fresh data on the labor markets and the stunning report on consumer sentiment. Both reports underscored the overall health of the U.S. economy while putting the major equity markets in a position to retest all-time highs this week.
An unwillingness among the four leading U.S. banks to lend cash, combined with a surge in demand from hedge funds for secured funding, could explain the spike in U.S. money market rates and the sudden stress in the repo market beginning in September, the Bank for International Settlements said in a report dated Monday. Cash available to banks for short-term needs, also known as the repo market, all but disappeared in September, and some rates shot as high as 10% on certain overnight loans, which forced the Federal Reserve to make an emergency injection of billions of dollars for the first time since the global financial crisis roughly a decade ago. The major banks were not named in the report. The researchers conceded that the exact cause of the sudden stress is unknown but they reasoned that the factors could have ranged from large withdrawals for quarterly tax payments to the knock-on effects of sizeable trades in U.S. Treasuries. The BIS analysts emphasized that a growing over-reliance on the biggest U.S. banks to keep the repo market functioning may have been the leading factor. The Fed's ongoing efforts to shore up the short-term repo lending markets have begun to rattle some market experts, as interventions have stretched to a third month.
Some market participants are starting to contemplate the notion that stellar employment figures could help embolden U.S. trade negotiators in a protracted tariff dispute between the U.S. and China—possibly resulting in a delay if not outright scuttling of a long-sought-after resolution. Indeed, a key report of the week from the Labor Department report showed that the U.S. economy created 266,000 new jobs in November, according to the Labor Department, the biggest gain since January and the unemployment rate slipped to 3.5%, a 50-year low. “This positive number could delay any US/China trade agreement, as signs of a stronger US economy will embolden US negotiators,” wrote Chris Gaffney, president of World Markets at TIAA Bank, in a research note after the nonfarm-payrolls report on Friday.
Delta Air Lines Inc., Chief Executive Officer Ed Bastian says he’d like to offer Wi-Fi free on his airline’s flights but right now it would crash the system.
2019 has been a tough year for oil companies, but some of the oil majors have fared surprisingly well due to their economies of scale advantage and low breakeven prices per barrel
Expectations are running high for a preliminary U.S.-China trade pact before more tariffs are levied against Beijing next week, but plenty of other factors in December will keep investors on the edge of their seats.
It’s a big week ahead, with the ECB, the FED, trade, and the UK General Election in focus. Expect the stats to play second fiddle in the week.
The stock market’s closing bell typically rings at 4 p.m. Eastern, but for traders sniffing around for a broad-market strategy that’s proven to be a real winner in recent years, perhaps that sound should be treated as an opening bell.
Especially long bull markets aren’t always followed by especially long or severe bear markets. If “the higher they go, the harder they fall” were true, then an exceptionally severe bear market is indeed in our future. Notwithstanding the current narrative that the bull market is 11 years old, it actually is much younger: less than four years old, in fact.
According to a recent study from the EWG, “the richest of the rich” — the top 1% — received 13% of the federal payments, or more than $177,000 each. The bottom 80%, on the other hand, go an average payment of $5,136.
Buy and hold... and forget. Time in the market, not timing the market. Anybody who’s ever contributed to a retirement account has probably heard the tried-and-true approach Wall Street pros have been peddling for decades. But one financial planner explains what’s wrong with that advice.
Keep your money close when Wall Street and surging stock prices tempt you to buy, writes Michael Sincere.
According to a recent National Association for Business Economics survey, 72% of economists expect a recession by the end of 2021. That percentage appears to be much higher among some of Goldman Sachs’s deepest-pocketed customers.
The lights have been green for the baby boomers all their lives. They were born just after World War II, between 1946 and 1964, and raised during the biggest, most sustained economic boom in human history.
The U.S. stock market has been setting new records and the economy is in a record eleventh year of expansion, so one research firm thinks a recession is due in the next two years. What that means for stocks, precisely, is a little less clear.
Demand for short-term funding from the Federal Reserve is still running high ahead of the typical year-end cash crunch, even as the central bank has poured more than $320 billion into financial markets to keep credit flowing.
Steven Gidumal, managing partner of Virtus Capital, says the fate of this relentless bull market hangs on what happens in the upcoming 2020 presidential election.
Price action, internal momentum and volume aren’t great, but that doesn’t matter when the president wields his baton.
U.S. stocks close sharply higher Friday after employment report for November beat expectations, while investors remain optimistic about the chances of a U.S.-China trade deal.
News that Cleveland-Cliffs planned to buy AK Steel sent shares tumbling Tuesday, but the iron-ore miner may have hit a “home run” on the deal.