Since there are fewer than usual outside forces that could alter the market’s path, the motion, or inertia, could operate relatively unimpeded today.
Interactive Brokers Traders Insight
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Buying a dip works really well in an uptrend, but a subtle change in trend can be like the proverbial frog in a pot of boiling water.
The back-to-school season isn’t just producing frowns for some students, it’s also dealing investors with losses.
Consumer confidence rebounded this month despite households’ apprehension about stock market bumpiness, reduced employment opportunities and other headwinds
Yesterday it was the Harris Trade but today it’s the Trump trade as stocks attempt to bounce back from last week’s selloff by using any lever they can pull. But from a probability perspective, election odds haven’t changed much, with Trump still expected to handily become 47
Markets are pumping aggressively this morning as investors pray that the Fed follows its counterpart north of the border in cutting rates.
Plans for big-ticket purchases remained depressed with elevated prices, steep borrowing costs and reduced credit availability weighing on ordering activity. Finally, Americans called the odds for recession likely while CEOs were more sanguine, sustaining odds of roughly 35%.
Market participants are pressing the pause button on Wall Street’s recent stock rally as they sift through a buffet of remarks from Fed speakers. Federal Reserve speakers yesterday emphasized that the current fed funds rate is restrictive and is likely to continue to support disinflation, but more evidence is needed that price pressures are easing in a sustainable manner before the central bank lowers rates.
On the good news front, CPI was indeed modestly market friendly. Stocks took the lower yields as a good sign
Markets are rallying with this morning’s weaker-than-expected economic data dampening concerns of a prolonged journey across the monetary policy bridge.
While lower costs of capital helped stocks last year and continue to do so, recent earnings calls point to the potential for lighter yields to signal trouble. As equities trade near record highs amidst rates that have drifted lower, the consideration of a worn-out consumer is pivotal.