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Jerome Powell's Top Advisor Hints At Fed's Potential Rate Cut Plans: 'All Moving In The Right Direction'
2024 Jul 17, 7:15am | 544New York Federal Reserve President John Williams hinted at a potential interest rate cut in the coming months, suggesting that the Fed might be closer to this decision than previously thought. What Happened: Williams, who is also the vice-chair of the Fed’s rate-setting committee,...
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Russell 2000 Marks Fifth Day Of Gains: What's Driving Surge In Small-Cap Stocks?
2024 Jul 16, 5:01pm | 540FTAI Aviation Ltd. (NYSE:FTAI) and Applied Industrial Technologies, Inc. (NYSE:AIT) were among small-cap stocks moving higher on Tuesday as the Russell 2000 Index had a fifth straight day of gains. The iShares Russell 2000 ETF (NYSE:IWM) gained 3.41% on Tuesday, ushering the index to a cumulative...
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Car Repos Jump In The First Half Of 2024 As Fed Eyes Rate Cuts
2024 Jul 16, 4:47pm | 463So far this year, car repossessions are up 23% compared with the same period last year. What Happened: According to Bloomberg, citing data from Cox Automotive, vehicle repossessions began increasing in 2023. They’re up 14% from the first half of 2019, exceeding pre-pandemic levels. Vehicle...
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Gold Miners Hit 27-Month Peak, Bullion Breaks Record As Traders Decide September Rate Cut As Good As Done
2024 Jul 16, 4:02pm | 748Gold reached new all-time highs Tuesday, with the commodity soaring above $2,460 per ounce and showcasing a robust 1.7% gain for the session, driven by heightened investor convictions that the Fed will cut interest rates at its September meeting. Jerome Powell‘s remarks during his interview...
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Fed Rate Cuts – A Signal To Sell Stocks And Buy Bonds?
2024 Jul 16, 1:31pm | 1449By Lance Roberts With both economic and inflation data continuing to weaken, expectations of Fed rate cuts are rising. Notably, following the latest consumer price index (CPI) report, which was weaker than expected, the odds of Fed rate cuts by September rose sharply. According to the CME, the...
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Dow Rallies To All-Time Highs, Small Caps Outperform Tech, Gold Hits Records On Heightened September Rate Cut Bets: What's Driving Markets Tuesday?
2024 Jul 16, 1:20pm | 1198Wall Street continues to experience a series of memorable days, with the bulls riding the rally with increasing confidence, certain that the Federal Reserve will begin cutting interest rates in September. Fed futures currently indicate a 100% probability that policymakers will cut interest rates in...
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Small Cap Stocks Are Having A Moment: Russell 2000 Notches Best 5-Day Rally In Over 4 Years
2024 Jul 16, 11:02am | 1158Small-cap stocks are on a tear, eyeing their fifth consecutive day of gains on Tuesday. The iShares Russell 2000 ETF (NYSE:IWM) surged 1.9%, propelling the index to a cumulative gain of over 9% across the last five sessions. This remarkable streak represents the Russell 2000’s best five-day...
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June Retail Sales Stagnate: Traders Fully Price In September Interest Rate Cut
2024 Jul 16, 8:54am | 441U.S. retail sales stagnated on a month-over-month basis in June 2024, declining from upwardly revised 0.3% growth in May to zero growth and matching the forecasted flat reading, according to preliminary estimates released Tuesday. Fed futures indicate a 100% likelihood of a rate cut in September,...
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Wall Street Set To Extend Gains Amid Rate Cut Hopes, Bond Yields Slip: Analyst Says Market On Cusp To Shift To Value Stocks
2024 Jul 16, 7:46am | 1185U.S. stocks are stubbornly holding onto their upward momentum, as evidenced by the gains for the index futures early Tuesday. The small-cap rally reflects market hopes that the Fed is getting closer to interest-rate cuts. Bond yields are slipping back amid the expectations. San Francisco Federal...
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Rate-Sensitive Cyclical Stocks Poised For Rally As Fed Prepares To Cut Rates: 'We're On The Path To Goldilocks,' Says Bank Of America
2024 Jul 15, 4:01pm | 668Rate-sensitive cyclical stocks could see a significant rally and outperform the broader market as the Federal Reserve prepares to lower interest rates following the latest benign inflation data, according to a report by Bank of America. “Last week, inflation ticked another box for the Fed,...
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Powell Praises Latest Inflation Progress, Hints At Imminent Rate Cuts, Warns He's 'Very Worried' About Unsustainable National Debt
2024 Jul 15, 2:04pm | 731Federal Reserve Chairman Jerome Powell said Monday the last three inflation reports have bolstered the Fed’s confidence that inflation is moving toward the 2% target, which is the key condition for policymakers to initiate interest rate cuts. “We’re back to a place where inflation...
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S&P 500 Prints New Record Highs Ahead Of Powell Speech; Russell 2000 Rally Continues, Trump Stocks Spike: What's Driving Markets Monday?
2024 Jul 15, 12:02pm | 833The U.S. stock market, represented by the index of the 500 largest companies by market capitalization, jumped to new all-time highs at the start of the week, as investors eagerly await Fed Chair Jerome Powell’s interview at 12:30 p.m. ET at the Economic Club of New York. After the...
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US Stocks Poised For Positive Start Ahead Of Powell's Speech, Earnings: DJT Soars As Trump's Odds Improve Following Rally Shooting
2024 Jul 15, 7:52am | 1407U.S. stocks look set to start the fresh week on a positive note, unperturbed by elevated valuations they have amassed, especially the mega-caps. The index futures were mostly higher in early trading, reacting to the potential removal of uncertainty on the political front. Odds of a victory for...
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Inflation Drop Fuels Rate Cut Speculation, Investors Shift To Sector Laggards, Russell 2000 Surges Over 3.6%: This Week In The Markets
2024 Jul 12, 4:33pm | 787Consumer price index data this week provided encouraging signs that American inflation is moving ever closer to the Federal Reserve’s much-discussed 2% target. This fueled speculation about interest rate cuts. The annual inflation rate dropped more than expected to 3% in June 2024, reaching...
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Dow Reaches Record Highs Above 40,000, Small Caps Ride The Rate-Cut Wave, EV Stocks Rally: What's Driving Markets Friday?
2024 Jul 12, 1:40pm | 982It’s another memorable day for the stock market, as the blue-chip Dow Jones Industrial Average Index reaches new record highs, surpassing the 40,000-mark milestone and breaking the previous peak set in May. Small caps continue their rally driven by strong bets on interest rate cuts,...