There’s something about walking Home Depot’s aisles that’s relaxing. It’s hard to put my finger on it, but perhaps it’s rooted in a general sense of purpose — things need to get done, and this Read more…
Transcript: Caroline Woods: How should people be thinking about money when it comes to making investments? Morgan Housel: One of the biggest things with money is that I think most investors want to be long Read more…
Chicago Fed President Austan Goolsbee said he remains uneasy about the idea of front-loading rate cuts, citing persistent inflation pressures and an uncertain growth backdrop. Speaking with Yahoo Finance, Goolsbee admitted he is “not decided” Read more…
The ISM Manufacturing Index fell to 48.7 in October, reversing September’s increase and returning to the level we saw in August. Six of 18 industries reported growth last month, up from five in September. But Read more…
Markets Last week’s ECB and even more Fed policy decisions helped to put a floor for EMU and US yields and this pattern still was the ‘by-default bias’ at the start of this week. Admittedly, Read more…
The stock market’s been on a long, confident run since late 2022, but Morgan Stanley’s Andrew Slimmon feels we’re moving swiftly towards the final act. The tension he’s alluding to fits the tape perfectly. For Read more…
Since mortgage rates began to spike in 2022, people looking to buy and sell homes have closely watched the Federal Reserve — both in its actions regarding monetary policy and in its words that often Read more…
U.S. manufacturing activity weakened further in October, with ISM Manufacturing PMI falling to 48.7 from 49.1, missing expectations of 49.4. The index signaled contraction for the eighth straight month as demand and output remained under Read more…
As the government shutdown enters its second month and comes close to being the longest shutdown in U.S. history, airports across the country are feeling the impact. In addition to air traffic controller shortages, the Read more…
Daily Pivots: (S1) 153.64; (P) 154.03; (R1) 154.39; More… No change in USD/JPY’s outlook and intraday bias stays on the upside for upside for 100% projection of 146.58 to 153.26 from 149.37 at 156.05. Firm Read more…