This week, three of the world’s most influential central banks will reveal their monetary policy updates within about 32 hours. On Thursday, the Bank of England might reduce borrowing costs, while the Federal Reserve is expected to hold rates steady on Wednesday but may hint at a potential rate cut...
A rate cut isn’t expected in the coming week, but the Fed could provide insights on whether small-caps can maintain their winning streak. A significant market influence might soon impact the rapidly evolving stock market. U.S. equities experienced notable volatility last week as investors dealt with a sharp selloff in...
Sometimes, central-bank rate cuts can alarm rather than reassure investors, as shown by recent actions from the People’s Bank of China (PBOC) and comments from former New York Fed President William Dudley. On Thursday, the PBOC surprised markets by cutting its medium-term lending facility (MLF) rate to 2.3% from 2.5%,...
Technology stocks just had their worst day in nearly two years, and hedge-fund manager Bill Ackman received more bad news. But first, let’s focus on an important analysis by Michael Mauboussin, head of consilient research at Morgan Stanley Investment Management’s Counterpoint Global and adjunct professor at Columbia Business School, and...
Alphabet Inc., the parent company of Google, has shown cost discipline in various areas, yet several factors could impede margin expansion in the third quarter. Despite surpassing earnings and revenue expectations on Tuesday afternoon, Alphabet’s stock still declined by the end of the extended session. Several points in the latest...
BofA strategists highlight that historically, a lower Treasury yield and an improving manufacturing PMI have driven the outperformance of the equal-weighted S&P 500 index. Recently, a surge in U.S. small-cap stocks has led investors to speculate whether this marks a shift away from this year’s Big Tech frontrunners. According to...
