The rate rise did not spook the S&P 500. A measured rate hike amid a strong economy creates a ‘Goldilocks’ scenario for shares. The S&P 500 is rising for the third consecutive trading session following Read more…
Americans want meals that make them feel good, both from the comforting nature of the food and a price that avoids the feeling of spending money they don’t have. “Comfort and value are the twin Read more…
Today’s themes: Broad Dollar/FX: little conviction as markets wait for Wednesday’s flash PMIs and this week’s Trump-Xi summit; Dollar Index holding around 100.22 with its post-FOMC advance losing momentum. Oil: Brent fell to an 11-day Read more…
For two weeks in September, the most powerful people in technology argued in public about whether their own products might kill everyone. Almost all of them had money riding on the answer. Alexis Ohanian does Read more…
Eaton Corporation’s (ETN) stock rose last week. Shares of the Dublin-based power management company closed at $424.77 on September 18, a gain of about 7.9% over five trading days. The stock is now up close Read more…
Every big call on the S&P 500 has an expiration date. When the bearish thesis breaks, the strategists who called it usually stop repeating it. Bank of America’s team just did both this week. A Read more…
Federal Reserve Bank of Chicago President Austan Goolsbee argued in a speech to the Official Monetary and Financial Institutions Forum in London on Monday that the Fed may no longer be able to routinely “look Read more…
Most people think Buffett’s approach only works if you have a lot of money. He has said the opposite. His framework for building wealth started when he was young, broke and working with small amounts. Read more…
BTCUSD accelerated higher on Monday (up over 4% in Asia / early Europe), extending Friday’s sharp rally (up 6%). Bulls took a breather for a brief consolidation during the weekend, with initial bullish signal seen Read more…
The Fed is not outpacing the ECB’s pace of rate hikes. The return to the yen as the funding currency for carry trades is helping the euro. The US dollar hit a new local high Read more…