Updates – Macro Trend

Bullish Stocks Narrative Seen as Intact After US Inflation Data

Isabelle Lee Bloomberg March 29, 2024 Inflation view won’t shift, Richard Bernstein Advisors says Mismatch between spending and income is worrying, Sosnick says A cooldown in the Federal Reserve’s preferred gauge of underlying inflation last month, coupled with a rebound in household spending, failed to shift the Wall Street consensus that has lifted stocks to records in […]

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US Consumer Sentiment Jumps to Highest Level Since July 2021

Vince Golle Bloomberg March 28, 2024 US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains and expectations that inflation will continue to ease. The University of Michigan’s sentiment index climbed to 79.4 from 76.5 earlier in the month, reaching the highest since mid-2021, according to the final March reading […]

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Fed’s Preferred Inflation Metric Cools While Spending Rebounds

Augusta Saraiva Bloomberg March 29, 2024 The Federal Reserve’s preferred gauge of underlying inflation cooled last month while household spending rebounded. The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.3% from the prior month, data out Friday showed. That followed a 0.5% reading in January, marking the […]

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Wall Street optimism on stocks is at its highest level since early 2022, BofA survey shows

PUBLISHED TUE, MAR 19 202412:18 PM EDT Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024.  Brendan Mcdermid | Reuters Risk appetite among professional investors in March has hit its highest level in more than two years, according to Bank of […]

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CEO of Hapag-Lloyd, one of world’s top ocean shippers, says the outlook has changed for the global economy

Lori Ann LaRocco Bloomberg March 15, 2024 The CEO of Hapag-Lloyd tells CNBC inventories are depleted in many cases and the ocean carrier has seen a recovery after Chinese New Year. Due to the ongoing Houthi attack issues in the Red Sea and Panama Canal drought, U.S. companies are paying more for ocean freight, with […]

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Ed Yardeni Says The Roaring Twenties May Be Back

Tiffany Tsoi Bloomberg January 25, 2024 These 20s (the 2020s) could be another Roaring 20s (as in the 1920s), according to Ed Yardeni, founder of Yardeni Research Inc. “History doesn’t repeat itself, but it does rhyme,” Yardeni says (à la Mark Twain) on this week’s episode of Merryn Talks Money. Making parallels between the Spanish flu […]

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CNBC Daily Open: U.S. CEOs now more optimistic about economy

Sumathi Bala CNBC March 8, 2024 What you need to know today Asia stocks advance Asia markets rose Friday with Japan’s Nikkei 225 as well as the TOPIX closing higher even as January household spending dropped more than expected. Hong Kong’s Hang Seng index and mainland China’s CSI 300 also rose. Overnight, U.S. stocks ended on a strong note with the S&P 500 jumping 1% to […]

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Stock Bull Run Powers Ahead as US Economy Roars: Markets Wrap

Rita Nazareth Bloomberg February 2,2024 The stock market extended this week’s gains as big tech rallied and a solid jobs report bolstered the outlook for corporate profits. Equities hit all-time highs, with the S&P 500 approaching 5,000 and the Nasdaq 100 up 1.7% on bullish outlooks from Meta Platforms Inc. and Amazon.com Inc. Economic optimism outweighed bets the Federal Reserve will be in no rush to cut rates. Treasury two-year yields jumped 16 basis points to […]

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Projected buyback revival stands to bolster US stocks in 2024

Lewis Krauskopf Reuters February 2,2024 NEW YORK, Feb 2 (Reuters) – The rally that has taken U.S. stocks to an all-time high is expected to have another powerful driver in 2024: companies buying back more of their own shares. Stock buybacks are projected to increase this year after ebbing in 2023, fueled by forecasts of […]

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Stocks Drop as Solid Data Fuel Fed-Pivot Repricing: Markets Wrap

Rita Nazareth Bloomberg 1/17/2024 Fed swaps trim odds of March interest-rate cut to about 50% US retail sales rise by most in three months to cap holidays Stocks joined losses in risk assets as bond yields climbed on speculation the Federal Reserve will be in no rush to cut interest rates as the economy shows signs of resilience. At a […]

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