Can ongoing record breaking rallies for the S&P 500 and NASDAQ Composite as well as near record highs for the Dow Jones and Russell 2000 continue as September begins? Historically, since 1945, that’s the month that’s consistently been the worst period of the year for equities. Without a doubt, it’s also the question traders are […]
While investors will continue monitoring upcoming economic data, including home sales and personal spending, what they’re really looking forward to is the Fed’s annual symposium at Jackson Hole which usually takes place in person, but because of rising COVID cases in the US and worldwide, will this year take place online. It begins at the […]
The dollar edged higher in early European trading Monday, but remained near a one-week low as rising Covid-19 cases and slumping U.S. consumer confidence could pressure the Federal Reserve to delay tapering its bond-buying program. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, […]
As the busiest week of the current earnings season came to a close on Friday, stocks ended lower, pressured by signs of weakness from the very mega cap companies that, over the past year, boosted the market to new highs. Here are the key market moving factors for the week: The US The […]
The virus is once again raising the prospects of slowing the economic recovery that was unevenly unfolding. The preliminary July PMI for Australia, UK, France, and the US was disappointed. Expectations for the trajectory of monetary policy are being impacted. Consider that the implied yield of the December 2022 Eurodollar futures fell to 40 bp […]
Inflationary pressures are showing no signs of easing just yet and the market will soon look to test the Fed’s patience. The dollar has been stuck in a tight trading range since the middle of June, but that could soon change if the rest of the world shifts to a tightening mode more quickly than […]
The dollar inched down, but traded near a two-month high against the yen, on Monday morning in Asia. Investors digested mixed economic data from China and strong inflation data from the U.S., while also expecting the U.S. Federal Reserve to start tapering its asset purchases eventually. Both the U.S. and the U.K. markets are closed […]
The upcoming week is filled with another round of Fed speak and a plethora of economic releases, with many traders focusing on consumer data points. On Tuesday, the Conference Board’s Consumer Confidence reading is expected to soften from 121.7 to 119.3. The Friday release of personal income and spending will show dramatic drops as the […]
The taperless tantrum could continue across financial markets now that it seems clear Fed Chair Jerome Powell won’t react until he sees disorderly market conditions or if financial conditions tighten further. Positive economic, such as this past employment report, might continue to fuel optimism about the economic outlook and that could raise expectations that the […]
