The end of June is nigh and good riddance. Down about 7%, only March has delivered a win for S&P 500 SPX investors this year, as pandemic fallout has been compounded by Russia’s brutal and deadly invasion of Ukraine that has seemingly driven up prices of everything. While still an ugly month, stocks saw a…
Read More “Here’s why this trader is piling back into one of the hottest commodities of the year” »
US stocks ended mixed Friday, with the Dow Jones Industrial Average erasing gains late in the session, as investors continued to weigh concerns over slowing economic growth and a more aggressive Federal Reserve. All three major stock benchmarks booked a third straight week of losses, with the S&P 500 seeing its worst weekly percentage drop…
Following a week of historic rate hikes and aggressive moves by the Federal Reserve and other major central banks, the Bank of Japan has hardly ever seemed more like a rebel standing athwart the consensus. And after its two-day policy meeting Friday, the BOJ, as expected, left interest rates at ultraloose levels, despite a plunging…
Read More “Here’s what’s at stake for markets as Bank of Japan sticks to its dovish path” »
From Wall Street to Main Street, fears that the US economy could be sliding into the 1970s-style “stagflation” have been percolating. References to the sticky situation appeared in news headlines all week. The Associated Press called it “the dreaded ‘S’ word.” The Wall Street Journal reminded readers of the neologism’s origins as a catchy way…
Americans hoping to take advantage of the greenback’s historic strength with a vacation abroad should consider booking sooner rather than later. After a stunning rally over the past year, the dollar’s stint at multi-decade highs may finally have come to an end. That is, if a handful of Wall Street strategists are to be believed….
Read More “Wall Street has an expiration date for the dollar’s epic rally” »
