U.S. small-cap stocks are delivering a standout performance in November, aligning with a well-established seasonal trend that often paves the way for a strong December. Historically, small caps tend to excel in the final two months of the year, with November?s impressive gains often rolling into December as part of the so-called ?Santa Rally.
Macro investor Jim Bianco, president of Bianco Research, has sparked a heated debate on Twitter about the potential long-term value of Bitcoin and its implications for the global economy.
Federal Reserve Governor Michelle W. Bowman cautioned on Wednesday that inflation remains a significant concern and suggested that interest rates may already be closer to a ?neutral? level than policymakers currently realize.
Kansas City Fed President Jeffrey Schmid said Tuesday that the future path of interest rates remains unclear, with uncertainty surrounding how much further they could fall or where they might stabilize, particularly given factors like productivity, demographics and the rising national debt.
MicroStrategy Inc. (MSTR) has announced the acquisition of 51,780 Bitcoin for approximately $4.6 billion, with an average price of $88,627 per coin. What Happened: According to the company's SEC filing on Monday, this purchase occurred between Nov. 11and Nov. 17, funded through proceeds from the issuance and sale of shares under its Sales Agreement.
MicroStrategy Inc. (MSTR) has announced the acquisition of 51,780 Bitcoin for approximately $4.6 billion, with an average price of $88,627 per coin. What Happened: According to the company's SEC filing on Monday, this purchase occurred between Nov. 11and Nov. 17, funded through proceeds from the issuance and sale of shares under its Sales Agreement.
Goldman Sachs has projected a substantial increase in gold prices for the coming year, driven by heightened central bank acquisitions and expected reductions in U.S. interest rates. What Happened: Goldman Sachs has identified gold as a leading commodity trade for 2025, with prices anticipated to reach $3,000 per ounce by December 2025. "Go for gold," analysts said in a note.
The victory of President-elect Donald Trump accompanied by stronger-than-expected economic data has been able to shrug off the worries from the rise in Treasury yields as the S&P 500 Index, which fell by 2.3% last week at 5,870.62 is still higher than its pre-election levels of 5,712.69 points on Monday, Nov. 4. However, Fed Chair Jerome Powell?s pirouette on interest rate reduction on Th...
Goldman Sachs Research predicts a strong year for global economic growth in 2025, forecasting a 2.7% increase in global GDP on an annual average basis, just above the consensus. The US is expected to lead the way, with GDP growth of 2.5%, significantly surpassing the consensus of 1.9%, Goldman Sachs Research said in a report.
The British economy expanded less than forecast in the third quarter as the service sector and budget concerns slowed momentum. Gross domestic product grew by 0.1% for the quarter, compared with growth of 0.5% in Q2, data from the Office for National Statistics showed on Friday.
By RoboForex Analytical Department EURUSD plunged to a six-month low of 1.0543 on Friday amid strong support for the US dollar following the US presidential election and recent comments from Federal Reserve officials.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the ?Greed? zone on Thursday. U.S. stocks settled lower on Thursday, with the Dow Jones falling more than 200 points during the session as investors digested recent economic reports.
Federal Reserve Chair Jerome Powell indicated Thursday the remarkable strength of the U.S. economy is not sending any signals that policymakers ?need to be in a hurry to lower rates. #8221; Powell?s remarks came at an event organized by the Dallas Regional Chamber on Thursday, just a week after his press conference following the November Federal Reserve meeting.
Producer inflation in October came slightly higher than anticipated Thursday, casting doubts on whether the U.S. economy's broader disinflationary trend will hold through the year?s final quarter. Compared to October 2023, the Producer Price Index surged to 2.4% last month, up from upwardly revised 1.9% and surpassing projections of 2.3% as tracked by TradingEconomics data.
October's Consumer Price Index rose from 2.4% in September to 2.6% in October, in line with economist predictions. Experts Weigh In: Minneapolis Fed President Neel Kaskari appeared on Bloomberg TV following the CPI data release and said that he has been surprised at the resilience of the U.S. economy in the face of high interest rates.
Editor?s note: This story has been updated with additional details. After six consecutive months of easing, the annual inflation rate, as measured by the Consumer Price Index, reversed course in October, climbing to 2.6% as expected.
After six consecutive months of easing, the annual inflation rate, as measured by the Consumer Price Index, reversed course in October, climbing to 2.6% as expected. This outcome casts doubt on the disinflationary trend that consumers and policymakers had hoped would persist, underscoring the challenging path ahead for the Federal Reserve?s 2% inflation target.
Upstart Holdings Inc (UPST) shares are trading lower Tuesday after the company announced a proposed private offering of convertible senior notes. What Happened: After the market close on Monday, Upstart announced that it intends to offer $425 million?of convertible senior notes due 2030 in a private offering to qualified institutional buyers.
Dish Network Corp.?s creditors have rejected the company?s bond exchange offer just ahead of a key deadline, threatening the proposed merger with DirecTV. What Happened: The steering committee of Dish lenders criticized the deal, calling it one of the largest ?engineered at the expense of creditors? in a letter seen by Bloomberg.
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the ?Neutral? zone on Friday. U.S. stocks settled higher on Friday, with the Dow Jones and S&P 500 recording their best week in the year following the election of Donald Trump as the 47th U.S. president.
U.S. stocks traded mostly higher midway through trading, with the Dow Jones index gaining more than 250 points on Friday. The Dow traded up 0.62% to 44,001.69 while the NASDAQ fell 0.01% to 19,268.55. The S&P 500 also rose, gaining, 0.40% to 5,997.19. Check This Out: How To Earn $500 A Month From Nvidia Stock After Trump Win Leading and Lagging SectorsUtilities shares surged by 1.6% on Friday.
Crypto analyst Benjamin Cowen suggests that Bitcoin dominance might continue climbing, even as it hits his long-standing 60% target, following the Fed's recent 25 basis point interest rate cut.
Crypto analyst Benjamin Cowen suggests that Bitcoin dominance might continue climbing, even as it hits his long-standing 60% target, following the Fed's recent 25 basis point interest rate cut.
The re-election of Donald Trump has reignited one of the most contentious debates among investors: Can the president-elect remove Federal Reserve Chair Jerome Powell? Trump has been critical of Powell's handling of interest rates since appointing him in 2018, and many have speculated that a Trump-led White House may clash with the central bank yet again.
By RoboForex Analytical Department EUR/USD is settling around 1.0785, assessing the market impact of this week's events. Trump's protectionist stance could stir inflationary pressures, prompting the Federal Reserve to maintain higher interest rates than anticipated. Yesterday, the Federal Reserve cut interest rates by 25 basis points to 4.75% in line with market predictions.
The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, bringing the federal funds rate to 4.5%-4.75%, its lowest since February 2023.
The Federal Reserve lowered interest rates by 0.25 percentage points on Thursday, bringing the federal funds rate to a range of 4.5% to 4.75%. Economists are weighing in on what the policy path ahead may look like.
The Federal Reserve lowered interest rates by 0.25 percentage points on Thursday, bringing the federal funds rate to a range of 4.5% to 4.75%. Economists are weighing in on what the policy path ahead may look like.
Bank of America Corp (BAC) shares are trading higher by 6% to $44.85 this week following news of Donald Trump's victory in the 2024 U.S. presidential election. The stock has otherwise pulled back roughly 1.2% Thursday afternoon following the The Federal Reserve?s decision to lower interest rates by 0.25 percentage points.
The Federal Reserve lowered interest rates by 0.25 percentage points on Thursday, as widely anticipated by the market, bringing the federal funds rate to a target range of 4.5% to 4.75%, the lowest since February 2023. With this decision, the Fed slowed the pace of rate cuts compared to September, when policymakers opted for a more substantial 0.5% cut to initiate the easing cycle.
Editor?s note: This story has been updated to clarify the exact words omitted. The Federal Reserve lowered interest rates by 0.25 percentage points on Thursday, as widely anticipated by the market, bringing the federal funds rate to a target range of 4.5% to 4.75%, the lowest since February 2023.
Ratings for MarketAxess Holdings (MKTX) were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
Yields on U.S. sovereign debt rose during election night as investors digested the preliminary results from the closely contested fight between Donald Trump and Kamala Harris.
Few things seem certain in life ahead of the U.S. presidential election results: death, taxes, and the Federal Reserve cutting interest rates on Thursday.
The U.S. services sector's economic momentum is firing at all cylinders, with business activity in October reaching its strongest level in over two years.
BitMEX co-founder Arthur Hayes opined that the upcoming presidential election is just a distraction from Bitcoin?s long-term bullish trend. What Happened: Cited by pseudonymous trader ?Arndxt? on X on Monday, Hayes predicts that a wave of liquidity from global central banks to fuel the next surge in cryptocurrency markets.
Spain's economy has outperformed Germany and France this year as international tourism climbs to record highs . But its strong economic performance may be curtailed by the worst flooding in decades. The country?s gross domestic product expanded by 3.4% year-on-year in Q3, compared to 3.2% in Q2, the National Statistics Institute reported on Wednesday.
The October employment report released Friday morning showed the U.S. economy added only 12,000 jobs in October, well-below estimates of 113,000 and the lowest monthly pace since December 2020. Experts Weigh In: Jeffrey Roach, chief economist for LPL Financial, indicated that hurricanes across the Southeast likely affected the establishment survey.
Traders are eagerly awaiting October?s official jobs data, set for release on Friday at 8:30 a.m. ET ? widely viewed as the week?s most crucial economic event.
A 0.25% interest rate cut at the Federal Reserve?s Nov. 7 meeting, just two days after the U.S. presidential election, is almost fully priced in by markets, with another similar cut likely in December as cooling inflation allows the Fed to gradually ease its policy stance.
Editor?s note: This story has been updated with additional details. Traders faced an unwelcome Halloween threat on Thursday as the Federal Reserve?s favored inflation measure accelerated, raising some concerns on the likelihood of back-to-back interest rate cuts going into the final two monetary policy meetings of the year.
Traders faced an unwelcome Halloween threat on Thursday as the Federal Reserve?s favored inflation measure accelerated, raising some concerns on the likelihood of back-to-back interest rate cuts going into the final two monetary policy meetings of the year. The PCE price index rose 2.1% year-over-year, in line with analyst forecasts.
The German economy faces strong headwinds despite data showing that Europe's largest exporter of goods returned to economic growth in the third quarter, beating analysts' estimates. The economy grew by 0.2% quarter-on-quarter in Q3, from an initial -0.1% in Q2, the Federal Statistical Office reported today.
The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to official advance estimates released Wednesday. This marks a slowdown from the 3% growth recorded in the second quarter and fell short of the anticipated 3%. The Atlanta Fed's GDPNow model forecasted a 3.3% increase prior to the release.
We've now entered earnings season. This week, we'll address the following topics: Las Vegas Sands (LVS) got unlucky at the gaming tables. Starbucks?sees same store sales down 7%. That's a big problem. Paul Tudor Jones and Stanley Druckenmiller avoid Treasuries. Michael Gayed of @leadlagreport and I discuss inflation and energy. Active vs passive investing: fight!
Larry Fink, the CEO of BlackRock Inc. (BLK), has projected that the U.S. Federal Reserve will not reduce interest rates as significantly as the market anticipates, citing high ?embedded inflation.
Consumer confidence in the U.S. economy soared in October, marking the strongest month-over-month increase since March 2021, according to the Conference Board?s latest report. The Consumer Confidence Index jumped to 108.7, up significantly from 99.2 in September and well above economist expectations of 99.5, as tracked by TradingEconomics.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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