Futures indicate a positive start for equities, with the S&P 500 nearing a record high. Despite recent calm, analysts detect a significant shift in market sentiment. Greg Boutle of BNP Paribas notes that last Thursday’s softer-than-expected consumer price index report and the resulting dip in Treasury yields triggered a major...
Thursday was a rough day for hedge funds heavily invested in megacap tech stocks and shorting the rest of the market. A cooler-than-expected June consumer-price index (CPI) reading ignited a rotation into previously neglected sectors. “Hedge funds are blowing up today,” said Jay Hatfield, CEO of Infrastructure Capital Advisers, referring...
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 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...
