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Wall Street Set To Rebound Amid Hopes Of Strong Earnings: 'Political Uncertainty' Caused By Biden Stepping Down Could Be 'Catalyst For Market Volatility,' Says Analyst
2024 Jul 22, 7:51am | 1368U.S. stocks could shake off the past week’s negativity and push ahead on expectations of a healthy reporting season, the Federal Reserve cutting rates, and the rising odds of a victory for former President Donald Trump in the Nov. election. President Joe Biden on Sunday confirmed the...
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Markets Tremble Over Planned China Chip Restrictions, Trump's Election Odds Rise, CrowdStrike Triggers Global Tech Outage: This Week In The Market
2024 Jul 19, 4:36pm | 573In a week packed with global breaking events, both the S&P 500 and the Nasdaq 100 indices marked their worst weekly performance in three months, predominantly driven by a broad-based selloff in chipmakers. A a drop in major equity averages at the end of the week might have escalated...
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Contrarian Analyst Turns To Bonds Ahead Of Fed Rate Cuts, Presidential Election: 'Maybe Tariffs Deflationary Not Inflationary'
2024 Jul 19, 4:09pm | 496Bank of America’s chief market strategist, Michael Hartnett, is increasingly bullish on bonds for the rest of the year, viewing Treasuries as a safeguard against equity volatility and the non-negligible risk of a harder landing for the U.S. economy. In his “The Flow Show” note...
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Wall Street Set To End Week On Subdued Note As CrowdStrike, Microsoft Drop Amid Global Outage: Analyst Sees 10% Upside Potential For S&P 500 Over Next 12 Months
2024 Jul 19, 7:21am | 1479U.S. stocks are gearing up for a nervy as index futures were seen hugging the flat line. Uncertainty, which is one of the biggest enemies of the market, has intensified on all fronts. The Federal Reserve hasn’t committed to a timeframe for starting rate cuts despite the recent soft growth...
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Would Project 2025 Abolish The Federal Reserve? What About Reinstituting The Gold Standard?
2024 Jul 18, 3:05pm | 712Conservative think-tank The Heritage Foundation‘s Project 2025, a controversial collection of policy proposals, has received widespread attention in recent weeks. The policies are meant to influence a Republican president if the GOP takes the White House in 2025. One chapter of the policy...
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VIX Stages Double-Digit Spike As Risk Off Takes Over; Chipmakers Fail To Rebound, Weight Loss Giants Eli Lilly, Novo Tumble: What's Driving Markets Thursday?
2024 Jul 18, 2:05pm | 1177It’s another risk-off day on Wall Street, with all major U.S. indices trading in the red. The CBOE Volatility Index (VIX), often referred to as the market’s fear gauge, spiked over 10%, reaching levels last seen in late April. Both the S&P 500 and the Nasdaq 100 indices declined by...
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Bank ETFs Soar on Trump Trade, September Rate Cut Bets
2024 Jul 18, 1:38pm | 980U.S. banks showed a strong comeback over the past week on bullish fundamentals in the space amid market rotation into undervalued segments. The probability of Donald Trump returning to the White House has risen significantly along with a Fed rate cut in September. Both are favorable for the banking...
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Fed's Goolsbee Confident With Inflation's 'Golden Path,' But Won't Tie Committee Hands On September Fed Cut: Stocks Fall
2024 Jul 18, 12:28pm | 511Chicago Fed President Austan Goolsbee expressed confidence that the inflation trend is on a “golden path,” characterized by a stable decline without triggering a recession. However, he refrained from explicitly stating his intentions regarding possible future interest rate cuts by the...
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Wall Street Gearing Up For Tech-Led Rebound Ahead Of Netflix Earnings: Economist Expects Soft Landing But Says Brace For Bigger Fed Rate Cuts If This Happens
2024 Jul 18, 7:34am | 1315Beaten-down stocks could make a comeback on Thursday, with Taiwan Semiconductor Manufacturing Company Ltd.’s (NYSE:TSM) strong quarterly report lifting sentiment toward tech stocks. The major U.S. index futures were mixed ahead of the trading session. A few Fed speeches scheduled for the day...
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Why Cathie Wood Is Betting On Small-Cap Stocks Triumphing Over 'Magnificent Six' Amid Restrictive Fed Policy
2024 Jul 18, 1:02am | 839Cathie Wood, the CEO of ARK Invest, has predicted a potential shift in the equity market, favoring small-cap stocks over large-cap tech companies. This forecast is based on the current “restrictive” monetary policy of the Federal Reserve, as outlined in a recent investor letter on...
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September May Bring Rate Cut, Says Former Dallas Fed President Robert Kaplan: 'I Think There's A Good Chance...'
2024 Jul 17, 10:46pm | 535Robert Kaplan, the former president of the Federal Reserve’s Dallas branch, in light of recent progress on inflation, predicts a potential interest rate cut in September. However, he does not anticipate this to mark the beginning of a full-fledged rate-cut cycle. What Happened: Kaplan, who is...
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July Fed Beige Book Shows More Underperforming Districts: 'The Economy Will Experience That Soft Landing'
2024 Jul 17, 3:29pm | 861The Federal Reserve’s latest Beige Book, covering late May through early July, showcases ongoing slight to modest economic growth in most Districts. However, the report reveals seven Districts noting growth while five experiencing flat or declining activity, marking an uptick in Districts...
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Lower NII to Hurt Regions Financial in Q2 Earnings
2024 Jul 17, 12:49pm | 1146Regions Financial Corporation (NYSE: RF) is scheduled to report second-quarter 2024 results on Jul 19, before the opening bell. The bank's earnings and revenues in the to-be-reported quarter are expected to have declined from the year-ago reported figures. This Birmingham, AL-based player's...
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Fed Rate Cut Expectations Drop Mortgage Rates To 4-Month Lows: Surge In New Applications, Refinance Demand
2024 Jul 17, 10:01am | 732The anticipation of Federal Reserve rate cuts is starting to have a favorable impact on the real estate mortgage market. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased by 13 basis points to 6.87% for the week ending...
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Nasdaq, S&P 500 Futures Plunge After Trump's Comments And ASML's Weak Forecast Deepens Tech Sell-Off: AI Narrative May Be Priced In, Says Analyst
2024 Jul 17, 7:41am | 1624Sentiment will likely reverse course, with the index futures trading notably lower early Wednesday. The recent run-up ideally should render the mood cautious, and the caution may intensify as the first AI-levered chip company from across the Atlantic reported second-quarter results that were not...