Stocks bolted ahead last week as investors cheered the last big week of Q2 corporate reports and a Friday jobs update that put the spotlight on the Fed's next move with short-term rates.
Journeys are always learning experiences that enrich you. You are bound to find something, even if it isn’t what you went looking for.
With inflation still sticky and labor markets resilient, the bond market may force Chair Warsh toward a September rate hike unless upcoming jobs and CPI data show clearer signs of cooling.
Three Fed dissents point to a gradual, pre-emptive tightening bias rather than urgency, while the BoE raises the bar for hikes and the BoJ’s FX intervention strengthens the case for Q4 normalization.
July proved to be a very volatile month for KOSPI investors as the index suffered from massive concentration. For indications of volatility, the KOSPI has lost a quarter of its value since late June.
Stocks finished higher for the third day in a row, recouping all of the losses the S&P 500 had suffered since mid-July. Most of the move was driven by the mega-cap technology stocks that had declined during that period.
The era of rapid rate relief has been postponed. The Fed has bought itself time. How much it does not control: oil, bond markets, and the consumer will decide.
Stocks ended last week down as Q2 corporate results, Middle East developments, and the chips trade took investors for a choppy ride.
Middle East peace hopes sparked strong but short-lived stock gains. Even as the path to a longer-term truce was widened by reduced geopolitical tensions, equity market excitement faltered because tech weakness spoiled the risk-on rally.
OpenAI is building a serious robotics effort, and for investors trying to understand where AI goes after software, that signal deserves close attention.
A remarkable sporting spectacle has finally come to an end. The diversity of play and players on display reminded the world that investing in the right things does pay off.
Stocks are no longer moving together to the same degree, while the gap between winners and losers has widened sharply. For active investors, that combination matters.