It’s the time of the year when the traditional seasonal lift for U.S. stocks known as the “Santa Claus rally” usually takes place. But unlike past holiday seasons, this one may get bogged down by the risks of a recession and continued rise in interest rates during the new year. The Santa Claus rally refers … Read more
U.S. stocks traded lower on Thursday, erasing most of their gains from their biggest rally in three weeks after a round of upbeat economic data and a warning from hedge-fund titan David Tepper that he was “leaning short” against both stocks and bonds on expectations the Federal Reserve and other central banks will continue tightening … Read more
A stock-market paradox, in which bad news about the economy is seen as good news for equities, may have run its course. If so, investors should expect bad news to be bad news for stocks heading into the new year — and there may be plenty of it. But first, why would good news be … Read more
We all make mistakes—but the Federal Reserve may be making a bigger one than most. That could mean another difficult year for the stock market in 2023. Those concerns were front and center this past week, following the Federal Open Market Committee’s December meeting. The Fed didn’t do anything to surprise the market as it … Read more
U.S. stocks finished sharply lower on Thursday as the Dow logged its worst day since Sept. 13, according to Dow Jones Market Data. Investors dumped stocks as fears that the Federal Reserve will keep interest rates higher for longer coincided with the weakest retail sales data in nearly a year. The S&P 500 SPX finished … Read more
We already knew that Jeremy Hunt’s Autumn Statement was paving the way for years of pain but the Resolution Foundation’s report makes for worrying reading. The scaling back of the energy price guarantee, which will keep average bills at £2,500 until April, means the typical household will only have 30pc of the rise in their … Read more
Tesla Stock Won’t Stop Dropping. Here’s How Low It Could Go. Barron’s What’s Going On With Tesla Stock Today – Tesla (NASDAQ:TSLA) Benzinga The Chartmaster says Tesla stock is primed for a breakdown CNBC Television Tesla Stock Succumbed to Elon Musk. Investors, Beware. Barron’s Tesla Has ‘The Worst Chart I’ve Ever Seen,’ Cramer Says — But Here’s Why The … Read more
Federal Reserve Chairman Jerome Powell sent a clear signal interest rates will move higher and stay there longer than previously anticipated. Investors wonder if that means new lows for the beaten-down stock market lie ahead. “If we don’t see inflation start to come down as the fed-funds rate goes up, then we’re not getting to … Read more
So far, so good? Stocks ended the first full week of the earnings season on a strong note Friday, pushing the Dow Jones Industrial Average DJIA, +2.47%, S&P 500 SPX, +2.37% and Nasdaq Composite COMP, -0.81% to their strongest weekly gains since June. It gets more hectic in the week ahead, with 165 S&P 500 … Read more
Sterling falls further as UK PM contest begins UK public sector borrowing soars to £20 billion Public sector borrowing reached £20 billion ($22.2 billion) in the U.K. in September, up from £11.8 billion in August, according to the Office for National Statistics. It is the second highest September borrowing figure since monthly records began in 1993. The figure is … Read more