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...
On Tuesday, the S&P 500 closed at a record high, boosted by anticipation of a strong upcoming earnings season. LPL Financial expects this season to be “solid,” but increasing growth estimates for the latter half of 2024 might be challenging. Jeff Buchbinder, chief equity strategist at LPL Financial, remarked that...
After a strong 14.5% rise in the first half of the year, S&P 500 futures indicate a challenging start for the second half of 2024, according to Michael Kramer, founder of Mott Capital Management. Kramer notes that the cautious start to July follows a concerning end to June, making stocks...
A strategist warns that a lack of budget restraint from either Biden or Trump could result in more frequent weak Treasury auctions. A significant takeaway from Thursday night’s debate between President Joe Biden and Republican challenger Donald Trump is that the U.S. is unlikely to see fiscal restraint regardless of...
