Equity markets continue to diverge from oil prices, with the S&P 500 moving up to set another new high for the year and oil prices falling to the lowest in months. The moves were driven by an as-expected CPI report, which has equity traders hoping for the first interest rate cuts to come soon and oil markets scared higher-for-longer will impact demand and lead to recession. The takeaway is that enough uncertainty remains for either outcome to be accurate; the question now is which market has it right and what the truth will mean for the economy and stocks when it becomes known.
The CPI data was as expected and confirms cooler inflation, but inflation remains hot and double the Fedâs target at the core level. The data suggests inflation will continue to trend lower and lead to the coveted soft landing, but there is a risk that the FOMC will act too soon. Letting the market think that rate cuts are indeed on the way would be a catalyst to drive demand, keep inflation running hot and keep interest rates higher for longer than the market is pricing. With OPEC+ trying hard to keep oil prices higher, it wonât take much to get that market into gear and underpin another surge in prices.
The end of the year brings with it portfolio adjustments, window dressing and tax harvesting. This results in fund managers and investors selling their losers and buying the winners. The wash rule requires a 30-day waiting period to repurchase stocks that were sold for a capital loss. This tends tâŚ
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The space industry is expected to grow from around $385 billion in 2022 to between $1 trillion and $3 trillion by 2040. Not surprisingly, many investors are looking for opportunities to get involved in this fast-growing sector. Rocket Lab USA Inc. (NASDAQ: RKLB) is a small, publicly-traded companyâŚ
Advanced Micro Devices (NASDAQ: AMD) investor day event did not spark a serious change in the analystsâ outlook, but it did paint a rosy picture of the companyâs future. The takeaway is that the accelerator market is still in the discovery phase, getting bigger with every estimate and AdvancâŚ
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
With its shares still recovering from a brutal Q3 sell-off, not to mention that of 2022, analysts have been coming out strong on Nike Inc (NYSE: NKE) ahead of its earnings later this month. Rating a stock a buy ahead of any quarterly report can be a risky business, as the marketâs reactiâŚ
Myanmarâs economy is forecast to grow only 1% in the fiscal year that ends in March, the World Bank says, as conditions deteriorate with an escalation in fighting between the military and its opponents that has newly displaced more than 500,000 people.Intensified fighting near Myanmarâs border with âŚ
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World shares were mixed Wednesday ahead a decision by the U.S. Federal Reserve on interest rates.European markets opened higher after a mixed session in Asia. U.S. futures edged higher while oil prices slipped. On Tuesday, the S&P 500 climbed to its highest level since early 2022, slightly belowâŚ
The Bank of Japanâs quarterly survey on business sentiment shows large Japanese manufacturers have grown more optimistic in the past several months, the third straight quarter of improvement even while other data showed the economy in a contraction. The central bankâs âtankanâ survey, released WedneâŚ
Argentina has announced a sharp devaluation of its currency and cuts to energy and transportation subsidies as part of shock adjustments new President Javier Milei says are needed to deal with an economic emergency
Chinese leaders have wrapped up a two-day annual meeting to set economic priorities for the coming year, the official Xinhua News Agency said in a report Tuesday that cited a litany of problems but also said the worldâs second-largest economy had âachieved a recovery.âThe report gave no details of sâŚ
Oracle (NYSE: ORCL) had a weaker-than-expected FQ2 relative to analystsâ expectations, but the outlook is as robust as ever. The biggest takeaway from the report is that weakness was caused by insufficient capacity, and capacity is ramping. The news for investors is that Oracle will continue to grâŚ
AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The companyâs Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane. It also provides uhaul.com, an online marketplace that connects consumers to independent Moving Help service providers aâŚ
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