The U.S. stock market is approaching the high valuation levels last seen at the peak on January 3, 2022. When it recovers from a correction and approaches a new all-time high, it’s essential to compare current valuations with those at previous peaks. Investors often expect these downturns to eliminate prior...
Federal Reserve Chairman Jerome Powell has pledged to take all necessary measures to sustain a strong labor market, vowing to prevent a rise in unemployment that could push the U.S. economy into recession. “We do not seek or welcome further cooling in labor-market conditions,” Powell declared in a speech on...
You might expect the final week of August to be one of the slowest on Wall Street, with traders enjoying the last days of summer before Labor Day. However, a major event is about to capture the market’s attention: Nvidia’s upcoming earnings report. In fact, one money manager suggested that...
Hedge funds have largely refrained from participating in the recent market rally following the unwinding of the yen carry trade over the past two weeks, according to a new analysis from Goldman Sachs’ prime brokerage division. Despite a strong rebound that has seen the Nasdaq 100 rise by 11% and...
Analysts are cautioning investors to expect heightened stock market volatility as the 2024 presidential election approaches on November 5. Although recent economic data suggests that the Federal Reserve might begin cutting interest rates, providing some relief to U.S. financial markets, the upcoming election season is likely to bring increased uncertainty....
Dennis DeBusschere, chief market strategist at 22V Research in New York, believes that the recent mini-crash has left markets needing “more consistent optimism” to regain momentum. He noted that although recent economic data has eased recession fears triggered by the last jobs report, it hasn’t been enough to spark a...
