Good MorningEquity markets rebounded on Thursday after softer-than-expected PPI data took the sting out of Wednesday's CPI report. Because the PPI is a leading indicator of consumer prices, market participants believed the data points to decelerating inflation, keeping the FOMC on track to cut rates this year. The caveat is that the CPI was largely driven by gas and energy prices, which are up significantly from recent lows and $10 or 13% above 2023's average price. With this situation underpinning the economy, inflation should be expected to persist for the foreseeable future.
Next week's focus will be on earnings. The banks usher in the CQ1 earnings reporting season today, which is expected to show earnings growth accelerate from the prior quarter. The risk is that results, guidance, or both will be less than anticipated, undercutting the outlook for full-year results. Inflation and interest rates aside, a deteriorating outlook for earnings is a powerful headwind for the S&P 500 that it may be unable to overcome. Add in the growing possibility that there will be no interest rate cuts this summer, and the odds of a major S&P 500 correction before or over the summer grow to a near certainty. Featured: The Crypto Retirement Blueprint (Crypto 101 Media) 
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Markets | | | Of the few significant trends driving investor—and Wall Street—interest today is the race for electric vehicle (E.V.) domination. Like technology stocks in their own race for artificial intelligence (AI) breakthroughs, investors need to be extra picky about which names to back and why.... Read the Full Story >> |
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Stocks | | | Amidst the recent correction and pullback across the semiconductor sector, a sector that has long been a powerhouse driving market growth, investors find themselves at a pivotal juncture. After a period of remarkable performance both year-to-date and over the previous year, the sector has encounte... Read the Full Story >> |
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Markets | | | JPMorgan Chase & Company’s (NYSE: JPM) firmwide metrics are good, but details within the consumer business show the impact of tighter credit, pinched wallets, and the first cracks in the consumer outlook. The company’s tier 1 ratio and balance sheet are sound; JPMorgan reports more... Read the Full Story >> |
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Markets | | | Whatever clients at Wall Street’s most prominent investment houses are doing, retail investors can get a glimpse and attempt to follow behind them as long as the reasoning makes sense. This week, investors get an inside look into BlackRock Inc. (NYSE: BLK) and what this firm is advising its ... Read the Full Story >> |
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Markets | | | There's no denying that equities are a strong market right now. The benchmark S&P 500 index has been powering to high after high since before Christmas, and there are increasing signs of the Fed beating inflation. With such a risk-on sentiment sweeping markets, many stocks that did so b... Read the Full Story >> |
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Markets | | | The U.S. and U.K. will begin restricting the trade of new Russian-origin metals — including aluminum, copper and nickel — on global metal exchanges and in derivatives trading.The announcement is meant to follow up on the Group of Seven nations' commitment in February "to reduce Russia's revenues fro... Read the Full Story >> |
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Markets | | | Google on Friday began removing California news websites from some people's search results, a test that acted as a threat should the state Legislature pass a law requiring the search giant to pay media companies for linking to their content. Google announced the move in a blog post on Friday, callin... Read the Full Story >> |
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Markets | | | Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans' outlook largely unchanged this year. The University of Michigan's consumer sentiment index, released Friday in a preliminary version, slipped to 77.9 this month, down from March's figure of 79.4... Read the Full Story >> |
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Markets | | | A review of the Bank of England's economic forecasting undertaken by the former chair of the U.S. Federal Reserve has found "significant shortcomings" that should be addressed to better inform future interest rate decisions Read the Full Story >> |
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Markets | | | Big banks warned of an uncertain year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere Read the Full Story >> |
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