Bait-and-Switch Powell Puts Lights Out on Half-Hour Market Party
Powell’s Federal Reserve did something Wednesday it hadn’t done for months: say something dovish. Investors had all of 30 minutes to celebrate.
Recent
Bonds Rally With Powell’s Favored Curve Poised for Inversion
Bonds rallied amid fresh warnings that a recession is inevitable as the US central bank convenes for a two-day meeting.
Bad S&P 500 Earnings Are Playing Right Into the Fed’s Hands
Tech bulls at large took a bath, with the Nasdaq 100 slumping 2.3% Wednesday. The news didn’t help anyone hoping the economy will avoid a recession.
US Economy Shows Worst Is Yet to Come, With Cooling Just Starting
The US economy’s recent rebound is looking like a high-water mark for the expansion.
Top Wall Street Bankers Warn of US, Europe Recession: FII Update
CEO David Solomon said conditions going to “tighten meaningfully from here” as Fed has made clear it's going to raise path target for interest rates.
Megacap Earnings to Test Fledgling U.S. Stock Rebound
Earnings reports from four biggest U.S. companies by market capitalization in coming week may test nascent rally that has seen stocks way back.
Jamie Dimon Just Used a Sports Metaphor
Jamie Dimon just used sports metaphor to sum up the disaster looming with the next recession. It sounds a lot like Warren Buffett’s ‘swimming naked’.
