Commodity Markets

US consumer spending rose in August as gas prices fell | CNN Business

US consumer spending rose in August as gas prices fell | CNN Business

CNN Business  —  Another month of falling gas prices gave Americans’ wallets a bit of a reprieve in August. That sent consumers back to stores last month. The Census Bureau reported Thursday that a key measure of August US retail sales rose unexpectedly by 0.3% on a monthly basis, following a revised decrease of 0.4% …

US consumer spending rose in August as gas prices fell | CNN Business Read More »

Ray Dalio says watch out for rates reaching this level, because Wall Street stocks will take a 20% hit

Ray Dalio says watch out for rates reaching this level, because Wall Street stocks will take a 20% hit

After that CPI shock earlier in the week, Wall Street is bracing for a fresh batch of data including retail sales, on Thursday, with a deepening yield curve inversion between 2- and 10-year bonds giving off ever gloomier economic signals. There’s good news though, as a disastrous rail strike may be averted. There’s no cheering …

Ray Dalio says watch out for rates reaching this level, because Wall Street stocks will take a 20% hit Read More »

‘We have yet to see a peak in food inflation’: Food price increase is highest increase since 1979, and this staple is up nearly 40% on last year

‘We have yet to see a peak in food inflation’: Food price increase is highest increase since 1979, and this staple is up nearly 40% on last year

Food prices continued to rise in August, putting pressure on lower- and middle-income households in particular.  Food to prepare at home rose by 13.5% in the month compared to last year, the highest rate of growth since March 1979, government data show. The rise in the cost of living was 8.3% year-over-year in August. Food, …

‘We have yet to see a peak in food inflation’: Food price increase is highest increase since 1979, and this staple is up nearly 40% on last year Read More »

Stocks tumble on dashed inflation hopes; S&P 500 loses 3%

Stocks tumble on dashed inflation hopes; S&P 500 loses 3%

NEW YORK — Stocks are tumbling, and disappointment is smacking markets worldwide Tuesday, following Wall Street’s sudden realization that inflation isn’t slowing as much as hoped. The S&P 500 was 3% lower in afternoon trading, threatening to snap a four-day winning streak. Bond prices also fell sharply, sending their yields higher, after a report showed …

Stocks tumble on dashed inflation hopes; S&P 500 loses 3% Read More »

These 3 stocks sectors might be the place to be even if the market 'gets end of the world bearish'.

These 3 stocks sectors might be the place to be even if the market ‘gets end of the world bearish’.

As stocks look ready to try again for a post-Powell pick-me-up, caution is in the air, with preaching by some big banks. No doubt some may be looking even closer down the road, when bigger institutional traders may potentially return from vacations to size up the market after that hawkish Fed blow. Our call of …

These 3 stocks sectors might be the place to be even if the market ‘gets end of the world bearish’. Read More »

Fed heroics or no, the S&P 500 level is destined for a retest of lows. These are the levels to watch, says this strategist

Fed heroics or no, the S&P 500 level is destined for a retest of lows. These are the levels to watch, says this strategist

In the words of the great Bonnie Tyler: “He’s gotta be sure, and it’s gotta be soon, and he’s gotta be larger than life.” The hero this market is holding out for is Fed Chair Jerome Powell, and he’s talking Friday, so that’s soon. Whether he’s sure remains the question. “Speculation is running so hot …

Fed heroics or no, the S&P 500 level is destined for a retest of lows. These are the levels to watch, says this strategist Read More »

There’s a new supercycle emerging for the economy, and these are the stocks that would benefit, strategist says

It’s been an interesting summer for financial markets — more or less, a series of mostly downbeat economic data led traders to think the Fed will ease off the pedal, though over the last week they’re becoming less convinced of that view. Taking a longer lens is Dario Perkins, managing director for global macro at …

There’s a new supercycle emerging for the economy, and these are the stocks that would benefit, strategist says Read More »

The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi

The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi

We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, possibly knocking stocks. But if it swings the other way, especially after surprisingly good jobs data, the view that things …

The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi Read More »

US inflation hit 40-year high in June, driven by record gas prices | CNN Business

US inflation hit 40-year high in June, driven by record gas prices | CNN Business

CNN  —  Inflation surged to a new pandemic-era peak in June, with US consumer prices jumping by 9.1% year-over-year, according to fresh data released Wednesday by the Bureau of Labor Statistics. That’s the highest level in more than 40 years and higher than the previous reading, when prices rose by 8.6% for the year ended …

US inflation hit 40-year high in June, driven by record gas prices | CNN Business Read More »