Not long ago, investors were confident in the continuation of the big-tech trade and expected former President Donald Trump to win the upcoming election. Now, the landscape has shifted. The market is rotating from tech-based momentum trades to the previously unpopular small caps. Investors who were banking on a “Trump-trade”...
Good morning! If you’re reading this, congratulations on successfully booting up your personal computer, a feat not everyone around the globe has managed today. More on that later. Correction: Thursday’s Need to Know newsletter incorrectly reported the Nasdaq Composite’s performance. The decline on Wednesday was the sharpest since mid-December 2022....
An inverted Treasury yield curve is typically seen as a harbinger of recession, although the U.S. economy has held up so far. An inverted Treasury yield curve is often viewed as a signal of an impending recession. But does the curve’s return to normalcy signal an all-clear for the market?...
U.S. stocks are experiencing an unusually tranquil stretch poised to hit a new milestone on Wednesday as the rally expands beyond a few megacap names. If the S&P 500 avoids a significant selloff, it will mark 352 consecutive sessions without a 2% decline, the longest streak since February 2007. ETF...
The demand for bullish call options linked to the Russell 2000 has soared, significantly outpacing the demand for bearish puts. This trend sends an optimistic signal to small-cap investors. Mandy Xu, head of derivatives-market intelligence at Cboe Global Markets, reports that recent sessions have seen a notable rise in call...
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...
