What’s Open and Closed on Thanksgiving and Black Friday? Here’s What to Expect Thanksgiving is here, a holiday steeped in tradition and history. Officially recognized as a federal holiday since 1870, its origins date back even further. President Abraham Lincoln declared a “day of Thanksgiving” in 1863, and President George...
Not everyone is convinced the bullish outlook will fully materialize. Analysts like Brent Donnelly caution that Wall Street forecasts often extrapolate recent trends, overlooking potential surprises from a new administration likely to implement bold policies. “TINA” Returns: U.S. Stocks Still Lead the Pack For over 15 years, large-cap U.S. stocks...
Economists Say Inflation Impact May Be Brief, but Tariffs Could Alter Fed’s Rate Path The return of “Tariff Man” is shaking up global markets, with President-elect Donald Trump reigniting trade tensions by pledging significant tariffs. On Monday, Trump announced plans to impose a 25% tariff on imports from Mexico and...
According to Bank of America (BofA) Global Research, U.S. stocks typically perform well during Thanksgiving week, with even stronger gains observed in presidential election years. “Seasonality suggests that Thanksgiving week can be a strong week,” said Stephen Suttmeier, BofA’s technical research strategist, in a recent note. Historical data shows that...
Tariffs and Inflation: BNY Wealth CIO Says It’s ‘Far Too Early’ to Predict Significant Impact Inflation Concerns Resurface as Investors Eye Policy ShiftsU.S. financial markets are grappling with renewed inflation fears following President-elect Donald Trump’s victory, as investors weigh the potential impact of proposed policies like tax cuts and import...
Morgan Stanley’s Andrew Slimmon: ‘It’s hard to see the market correcting before year-end.’ The S&P 500 has staged a comeback from last week’s decline, which briefly erased its post-election rally, keeping the index on track for a strong finish to 2024. The November 5 election outcome may further fuel the...
