Goldman Sachs: We're Not Close to a...
Weak manufacturing data has reignited recession fears for some investors, but Goldman Sachs thinks data could start to stabilize, if not improve, somewhat soon. Chief Global Equity Strategist Peter Oppenheimer just published a note on why he thinks this extremely long economic cycle stretch on and get even longer.
Goldman Sachs Calls For Volatile October
The S&P 500 and the tech-heavy Nasdaq dropped the most in a month amid Trump impeachment uncertainties, and there could be more market moves ahead. Goldman Sachs expects a seasonal pickup in volatility in October. Equity derivatives strategist John Marshall calls it “a critical period for many investors and companies that manage performance to calendar year-end.”
Wall Street Gyrates on Uncertainty
Global markets gyrated as the implications of political developments were considered on both sides of the Atlantic. As the United Nations General Assembly got underway, concerns about an extended US-China trade war and slowing global growth weighed on sentiment.
Fed Injects Liquidity into Money Markets
The stress in the overnight lending markets led the Federal Reserve to inject funds into the system for four consecutive sessions. While the root cause of market strains is debated, Fed Chair Powell downplayed any impact on the economy.
Homebuilders Happy & Buyer Demand Up
Oil markets face volatility in the aftermath of the Saudi oil attack that cut production there in half. Sentiment from the National Association of Homebuilders beat expectations, and buyer demand was 67% higher than the same period one year ago.
Small-Cap Stocks Staging a Comeback!
The Russell 2,000 started the first half of the week in the green, rallying much more than the S&P 500 which was relatively flat. Turning to eco data, a key measure of labor demand fell for the second month in a row. The Fed will also be watching inflation data coming out ahead of the September rate decision.
Fed to Weigh Jobs Growth Slowdown
Ahead of the September Federal Reserve meeting, the U.S. jobs report showed that a fewer-than-expected 130,000 new jobs were created in August. Fed Chair Powell, described the economy and labor market as "healthy" at a speaking engagement in Switzerland.
Stocks Start September in the Red
U.S. Equities fell at the start of September as trade tensions intensified, new tariffs on $112 billion of Chinese imports took effect, and U.S. manufacturing data disappointed. Still, investors are finding relief in real estate and utilities. Those two sectors hit record highs.
Global Markets Await Central Bank Decisions
September beckons central bank rate announcements from the Federal Reserve and the European Central Bank. Rate decisions and stimulus measures are awaited as uncertainty over economic growth and trade war continue to sway sentiment.
New "Inversion" Could Be Good for...
Coming in at 1.966%, 30 year treasury yields dipped below S&P 500 Dividends. Bespoke Investment Group shares research on this kind of inversion and why it could be good for stocks.
Trade War Jitters and Growth Woes Mount
Ongoing uncertainty over U.S.-China trade relations and weak growth data from the eurozone pointed to broader concerns for the global economy.
G7 Summit Convenes in Biarritz
Global leaders of the Group of Seven are gathering in France with the focus on fighting inequality and protecting biodiversity. Ahead of the summit concerns over trade uncertainty and economic growth permeated U.S. equity markets.
Fed's Jackson Hole Summit Kicks Off
The Federal Reserve's annual economic symposium kicked off in Jackson Hole, Wyoming. Ahead of Fed Chairman Jerome Powell's speech investors seek confirmation over expectations for future rate cuts.
Volcker 2.0: Regulators to Modify Crisis-Era...
Two financial regulators approved changes that would ease trading restrictions and compliance for banks. The financial industry is eyeing amendments to regulations that were put in place after the financial crisis.
Global Equities Take a Breather
Volatility permeated global bourses as geopolitics and growth concerns weighed on sentiment. U.S. equities posted their worst one-day decline in mid-August and managed only to recover some losses amid expectations of additional central bank stimulus.
Volatility Dominates Global Bourses
In a volatile week for equity markets, trade war developments, slowing economic growth and a possible collapse of the Italian government weighed on sentiment.
Dow Pauses After Market Selloff
The U.S. stock indexes recovered some losses after the worst day for equities in 2019. China’s central bank signaled it wouldn’t let the yuan fall further amid escalating trade tensions.
Stocks Pull Back on Trade Jitters
U.S. equity markets extended losses on trade tensions and the aftermath of the July Federal Reserve meeting. Trump announced that the U.S. would impose 10% tariffs on $300 billion of imported Chinese goods.