Growth in U.S. personal consumption expenditures (PCE) in October slowed from the previous month as inflation continued to slow. This suggests that the economy is shifting to a lower gear. Key Point PCE core price index rose 0.2% month on month Market expectations also rose by 0.2% Increased by 0.3% in the previous month 3.5% … Read more
The U.S. bond market has had little to no success this year, but November has taken a turn for the record. U.S. debt returns this month were the highest since the 1980s, as investors bid up prices for U.S. Treasuries, agency bonds and mortgage-backed securities (MBS). It ignited strong market gains in everything from stocks … Read more
JPMorgan Chase & Co. has issued its most pessimistic forecast yet on its price target, as Wall Street strategists predict the S&P 500 index will reach a new all-time high next year. , which sets us apart from other major financial institutions. Dubravko Lakosbuhas and Marko Kolanovic predicted in a note to clients on Monday … Read more
Bill Ackman, a billionaire and founder of Pershing Square Capital Management, expects the U.S. Federal Reserve to start lowering interest rates sooner than the market expects. Mr. Ackman (57) pointed out that interest rate cuts could occur in the first quarter of 2024. Traders are fully pricing in a rate cut next June, swap market … Read more
Wall Street strategists who abandoned their usual bullish stance heading into 2023 ended up feeling discouraged by the ferocious rally in U.S. stocks. Those strategists are now back to business as usual for next year, predicting that the market will rise again next year. Bank of America (BofA) andBMO Capital Markets,Deutsche Bank strategists expect the … Read more
last weekThe number of new U.S. unemployment insurance claims fell by the most since June. This suggests that employers are still trying to retain workers as the labor market gradually cools. Key Point The number of new U.S. unemployment insurance applications (week ending November 18) was 209,000, down 24,000 from the previous week. The median … Read more
The day after Javier Millay won Argentina’s presidential election on the 19th, he received a warm welcome from investors. Shares of U.S.-listed Argentine companies are at their highest in at least a decade as optimism spread on Wall Street that Mr. Milley may be able to revive the struggling economy and rein in inflation.There was … Read more
Investors in U.S. company OpenAI, which developed the conversational artificial intelligence (AI) ChatGPT, have removed Sam Altman from his position as CEO and director. The company is pressuring the company’s board of directors, which also removed the decision, to rescind its decision. This was revealed by multiple people familiar with the matter. Some investors, including … Read more
The summer consumption boom came to a halt in October, and inflationary pressures eased. This suggests that the economy may gradually stabilize as expected by the US financial authorities. US retail sales in October decreased by 0.1% from the previous month. Figures for August and September have been revised upward. The US Producer Price Index … Read more
The U.S. consumer price index (CPI) generally slowed in October, a positive sign for the U.S. Federal Reserve as it seeks to rein in inflationary pressures. Market participants’ views on the October US CPI are as follows. ◎Bryce Doty, Senior Portfolio Manager at Sitt Investment Associates: The reason why U.S. bond yields have fallen significantly … Read more