DataTrek’s Nicholas Colas points out that the financial sector is “much more than just banks,” as investors await JPMorgan’s third-quarter earnings report, expected Friday. Last week, all three major U.S. stock indexes posted gains for the fourth straight week, driven by a stronger-than-expected jobs report. The financial sector of the...
As third-quarter earnings season begins, Goldman Sachs has once again raised its target for the S&P 500. Led by David Kostin, the Goldman Sachs team has now increased its forecast for the S&P 500 to 6,000 in the next three months, up from the previous estimate of 5,600. Looking further...
U.S. Equities Could Reclaim Market Leadership, Analyst Predicts As inflation cools and the nonfarm payroll report regains its prominence, some normalcy has returned for traders. However, the U.S. stock market has experienced unusual underperformance lately. Hubert de Barochez, senior markets economist at Capital Economics, notes that since mid-June, the MSCI...
Stock market often experience a downturn in the three months following a presidential inauguration. No matter who wins the U.S. presidential election, the stock market tends to face challenges after Inauguration Day in January. Since the creation of the Dow Jones Industrial Average (DJIA) in 1896, one of its weakest...
The strike has raised concerns about supply chain disruptions and price increases for goods. Jose Torres, a senior economist at Interactive Brokers, highlighted that the uncertainty around the strike, along with strong warnings from union leaders, has further unsettled market. Port Strike Adds to Softer Start for October While Iran’s...
The SPDR Gold Shares ETF saw a strong surge in the third quarter, fueled by growing investor optimism that the Federal Reserve could successfully achieve a “soft landing” for the U.S. economy. By the end of September, many investors appeared more confident that the Fed could lower inflation without triggering...
