Happy CPI day to all who observe! Here’s a deeper look into today’s crucial report. If inflation aligns with economists’ expectations, there could be a brief opportunity to bet against the U.S. dollar, according to Karen Reichgott Fishman, senior currency strategist at Goldman Sachs. After reaching 2023 highs, the dollar...
The Dow’s underperformance can be partly attributed to its structure as a price-weighted index, where higher-priced stocks like UnitedHealth Group have more influence than tech giants like Apple and Microsoft. This is unlike the S&P 500 and Nasdaq Composite, which are weighted by market capitalization. In 2024, the Dow Jones...
The upcoming election could fundamentally change the inflation outlook for the next three to four years, according to an inflation trader. While many investors and traders are optimistic about cooling U.S. inflation ahead of Thursday’s consumer-price index for June, Wall Street is concerned about the potential inflationary impacts of a...
A softer-than-expected inflation report could pressure the Federal Reserve to signal an interest rate cut is likely in September, or even open the door to one later this month. Thursday’s inflation report is anticipated to be a key event for U.S. markets in a busy week that also includes the...
With President Joe Biden’s re-election campaign appearing to hang by a thread after last week’s debate debacle, investors understandably may wonder whether a change at the top of the Democratic ticket would move the stock market. To understand this, it’s useful to examine how the market has reacted to swings...
Wall Street’s biggest bear, Chief Market Strategist Marko Kolanovic, is leaving JPMorgan Chase & Co. after 19 years. According to internal memos, Kolanovic is departing to pursue new opportunities, as first reported by Bloomberg News. Kolanovic’s exit comes after a challenging two-year period of market calls where he stayed bullish...
