US stock index futures rose on Wednesday, climbing ahead of a Federal Reserve interest rate decision while investors digested earnings reports from some of the biggest S&P 500 index companies. What’s happening Futures on the Dow Jones Industrial Average YM00, +0.51% rose 159 points, or 0.5%, to 31,892. Futures on the S&P 500 ES00, +0.93%…
Financial market participants completely missed the non-transitory nature of inflation over the past year, failing in what one portfolio manager describes as “spectacular fashion.” Now, as investors and traders worry about the prospects of a US or global recession, they’re staying attuned to profit warnings like the one from Walmart Inc., which demonstrate that inflation…
Read More “Here’s the threat to markets if investors ignore ‘nontrivial’ stagflation risk” »
US stocks pulled back Friday following their biggest rally in a month, after Snap Inc. SNAP delivered disappointing earnings ahead of next week’s deluge of quarterly results from technology giants. Earnings have been a major focus among investors concerned about a slowing US economy, even as the Federal Reserve next week likely fires off another…
The United States is dangerously close to falling into a recession, despite the reassurances of Federal Reserve officials, Wall Street economists and financial journalists. That’s not just an idle opinion; it’s what the data say. Let’s let the numbers speak for themselves. ‘A deep, widespread, and lasting downturn’ Contrary to what you’ve heard, a recession…
Read More “Opinion: Almost all the economic numbers line up: A US recession is likely” »
