Government shutdowns should, theoretically, matter to the stock market. A shutdown could hurt spending power for up to 900,000 people, the highest estimate I have seen for those to be furloughed. That’s a lot of people who will spend a lot less money – especially because most Americans live paycheck to paycheck. Shutdowns still don’t…
Day three of the federal government shutdown came and went Friday, with no end in sight. The stock market saw more all-time highs before the rally ran out of steam. The S & P 500 on Friday eked out a fractional gain for its 29th record-high close since the market’s tariff lows in early April….
If I hear one more hedge fund oligarch on television tell me that the data center buildout/artificial intelligence story is just like the dot-com bubble, I am going to tear someone else’s hair out because I don’t have enough to demonstrate my full frustration. Many of the people opining and whining about how this moment could…
Another Federal Reserve rate cut, another … rise in interest rates? That is the current dynamic across the Treasury yield curve — the real-time market rates — a week after the Fed’s first cut in policy interest rates in nearly a year. Many consumer loans, such as home equity and mortgages and credit cards —…
The stock market reached records again this week, propelled by the Federal Reserve’s decision to cut interest rates for the first time since last December. The S & P 500 and Nasdaq hit a number of all-time closing highs this week, one as recently as Friday, after the Fed announced a quarter-point reduction to the…
The U.S. is going to be turning on a lot more lights in the coming years — and that glow means good things for Club names GE Vernova and Eaton . That is our takeaway from Wolfe Research’s annual deep dive into the state of play for the power industry, which is an essential player…
It was a stellar week for stocks as Wall Street speculated on the Federal Reserve’s upcoming and highly anticipated interest rate decision and what comes next. The S & P 500 and Nasdaq each hit multiple record highs since Monday. A mixed bag of economic data, along with a blowout earnings report from Oracle ,…
The conundrum of President Donald Trump is one I try to stay away from. Not because I don’t want to go there, but because it hasn’t been all that lucrative to do so. Because of the president’s sheer, endless presence in the media, and his love of CEOS — to hang with or to dominate…
The stock market kicked off the historically tough month of September on a rocky note as Wall Street speculated about the magnitude of the Federal Reserve’s next interest rate decision. Initially, the S & P 500 and Nasdaq hit all-time intraday highs Friday morning as investors digested a slower-than-expected August jobs growth . The weak…
It’s finally Home Depot’s time to shine. “[Home Depot] is about to go higher. That’s what you buy right here, right now,” Jim Cramer said on CNBC’s “Squawk on the Street” on Friday morning. Jim’s commentary came after a weak August jobs report, which sent the 10-year treasury yield sliding to its weakest levels since April…
