Strategist says market may become a ‘meat-grinder of forlorn hope’

LONDON – Investors looking for value in the stock market during the ongoing downturn may be “deluding themselves,” according to Sean Corrigan, director at Cantillon Consulting. Fears that central banks will have to hike interest rates aggressively to curb inflation — at the risk of quashing growth as the global economy suffers competitor hits from … Read more

Inflation will be hard to control if it gets ‘out of hand’: Harvard economist

† Inflation will be hard to control if it gets ‘out of hand’: Harvard economist – YouTubeΣχετικά μεΤύποςΠνευματικά δικαιώματαΕπικοινωνήστε μαζί μαςΔημιουργοίΔιαφήμισηΠρογραμματιστέςΌροιΑπόρρητοΠολιτική και ασφάλειαΤρόπος λειτουργίας του YouTubeΔοκιμάστε νέες λειτουργίες †

5 things to know before the stock market opens Friday, May 13

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow futures pop after the 30-stock average’s six-session losing streak The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, … Read more

Treasury yields fall following hot inflation data

Investors on Thursday continued their search for safety and flooded into bonds as the relentless selling persisted in the stock market, pushing Treasury yields lower. The yield on the benchmark 10-year Treasury note dropped 7 basis points to 2.8407% after rising to its highest level since 2018 earlier in the week. The yield on the … Read more

Stocks could see more tumult next week, especially if bond yields continue to scream higher

After a week of extraordinary turbulence, stocks are likely to remain volatile as investors await fresh data on inflation and watch the course of bond yields. The big report for markets is Wednesday’s April consumer price index. Economists expect a high inflation reading, but it should moderate from the 8.5% year-over-year pace of March. A … Read more

Market panic because of Biden and Powell’s inflation incoherence

Fed chairs have historically been inscrutable when talking in public, leaning on something called “Fedspeak.” By talking in riddles, financial markets don’t overreact to your every word. But speaking in riddles is different than acting in riddles. And that’s exactly what the Biden administration and Fed chair Jerome Powell are doing. That’s why we had … Read more

Stocks are tumbling. Here’s what to keep in mind

Prasit photo | moment | Getty Images US stocks have a case of whiplash. Stocks slumped Thursday in one of the worst sessions seen so far this year. During intraday trading, the Dow Jones Industrial Average fell more than 1,000 points or 3%, while the S&P 500 lost 4% and the tech-heavy Nasdaq Composite slipped … Read more

Open to close after Fed quashes hawkish bets

LONDON — European markets bounced on Thursday, tracking global sentiment after the US Federal Reserve doused speculation about more aggressive monetary tightening. The pan-European Stoxx 600 index climbed 1% by mid-morning, with tech stocks adding 2.4% to lead gains as most sectors and major bourses entered positive territory. Oil and gas slide 1.3%. The Fed … Read more

Consumers at breaking point as Fed inflation battle heats up: Boockvar

The economy may be hitting a crucial turning point. Investor Peter Boockvar warns the Federal Reserve will not be able to meaningfully contain surging inflation, and there’s not much more consumers can withstand. “It gets to the question: At what point does the consumer blink in the face of these rising prices,” the Bleakley Advisory … Read more

Cramer says stock relief rally won’t vanquish the bears

CNBC’s Jim Cramer said Wednesday he’s still “drawn to owning stocks,” even as the Federal Reserve aggressively raises interest rates in such a way that some skeptics believe will send the US economy into a recession. “They probably sold into the rally today. They will sell again tomorrow because this is who they are,” the … Read more