Following the restructuring of First Republic Bank, investors are looking ahead to an eventful week featuring a pivotal Federal Reserve meeting, earnings from large-cap companies including Apple, and market-moving economic data not limited to Payrolls and the Job Openings and Labor Turnover report.
Interactive Brokers Traders Insight
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The Fed's recent actions have led to a reevaluation of what it means to 'fight the Fed,' and it's crucial for investors to understand the difference between a trading opportunity and an investable rally.
The US consumer seems more than willing to pay more for their favorite brands, especially if they sell, um, comfort foods. Consider some of the winners that we have seen over recent sessions.
The latest New Residential Construction report shows further weakness in the sector, with permits and groundbreaking declining sharply for multifamily projects.
The Fed's recent actions have led to a reevaluation of what it means to 'fight the Fed,' and it's crucial for investors to understand the difference between a trading opportunity and an investable rally.
The inflationary impact of higher energy costs can also tip the economy closer to a recession as consumers may cut back on spending when facing pain at the gasoline pump, making the Fed's efforts of tightening monetary policy to fight price increases more difficult.
The latest US home price data reveals a gloomy picture, with prices declining for six consecutive months with no relief in sight.
Markets are returning from the extended weekend on the wrong foot, with hotter-than-expected economic data and weak corporate guidance from Home Depot and Walmart battering asset prices.
The strong retail sales data for January, combined with a hotter than expected CPI yesterday and the burning hot jobs number from 12 days ago, continues to weigh on the disinflationary outlook.
Short-term interest rates and the dollar are continuing their rapid advances today, but it appears that equity traders are torn between nervousness and the recent rekindling of their love affair with buying dips.
