The S&P 500 will soon wrap its best month in more than a year. Even a limp to that finish line that seems to be playing out won’t move the needle on that. One particularly frustrating aspect of 2023 for investors has been waiting for a recession that never came,...

Financial conditions continue to tighten even as US central bankers do nothing. A failure to respond come next year will risk a recession. Now that there’s a growing consensus that the Federal Reserve is done raising interest rates — a shift I predicted last month —...

Traders are betting Big Tech stocks will keep pushing higher Focus turns to Nvidia earnings as Nasdaq flashes warning Investors were given plenty of opportunities to fret about the outlook for technology giants this earnings season. Instead, they doubled down on a...

US homebuilder sentiment fell to the lowest level this year in November as high mortgage rates kept a lid on housing demand. The National Association of Home Builders/Wells Fargo gauge decreased six points to 34 this month, according to data out Thursday. That was...

Summary Retail sales fall 0.1%; September sales revised higher Core retail sales increase 0.2%; September data revised up Producer prices fall 0.5%; up 1.3% on year-on-year basis WASHINGTON, Nov 15 (Reuters) - U.S. retail sales fell for the first time in seven months...

Prices paid to producers sank 0.5% in October, core unchanged Decline in goods costs led by gasoline, services prices flat Prices paid to US producers unexpectedly declined in October by the most since April 2020, adding to evidence of abating inflationary pressures...

Reiterates deflationary outlook as CPI comes in soft Says Federal Reserve will need to cut rates ‘significantly’ Cathie Wood said that deflation is already underway in the US across industries and will force the Federal Reserve to kick off a big interest-rate cutting...

More than half of businesses foresee a decline on the year High inflation, global conflicts hurting consumer sentiment More than half of Germany’s retailers in the non-food sector are expecting weaker sales during the key Christmas period due to the negative impact of...

Retail traders stop chasing the 2023 rally as FOMO evaporates Net sales from the group total almost $16 billion in October Individual investors who had been behind the stock-market rally this year pulled more money from US equities in October than they have in any...

Higher baseline inflation may last for decades, Griffin says US spending like a ‘drunken sailor,’ deficit is unsustainable Citadel founder Ken Griffin said the world is facing unrest and structural changes that are pushing it toward de-globalization and causing higher...

Stocks that have missed Wall Street's expectations for earnings per share are selling off the most we've seen since 2011. Data out from FactSet on Tuesday showed on average S&P 500 companies reporting weaker than expected earnings per share in during the third...

Video "Empirical Money Supply data Predicting HARD LANDING in 2024!" is a MUST VIEW.  Its an interview of Lacy Hunt who is a critically acclaimed and award winning global economist.   His empirical data is different than mine.  However, it fully supports my...

Delinquency rates on credit-card bills continued to rise, with the sharpest increase among borrowers aged 30 to 39, according to the NY Fed. A growing share of Americans are falling behind on their credit-card bills as credit-card debt hit a record high in the third...

Source: Banking System Vulnerability: 2023 Update, by New York Federal Reserve BankThe bank failures that occurred in March 2023 highlighted how unrealized losses on securities can make banks vulnerable to a sudden loss of funding. This risk, which materialized...

Sector is less vulnerable than it was ahead of 2008 crisis Losses in securities portfolios risk weakening capital levels While the US banking sector is stable, growing vulnerabilities leave at least some institutions under a near-term threat of funding pressure and...

The Russell 2000 (^RUT) just had its best week in more than two years. Beaten-down areas of the market surged as investors increasingly bet on the Federal Reserve being done with its interest rate hike cycle. And even after a more than 7.5% increase in the index, RBC...

S&P 500 sales beats are lowest since third quarter of 2019: BI Barclays says companies sound more negative on sales outlook Corporate America is delivering the bleakest sales reports in four years this earnings season, a sign that weakening consumer demand is...

Funds with overseas assets will be hit by faster settlement Rise in costs via wider spreads may be passed on to investors A big push by US regulators to speed up settlement times for securities trades is supposed to boost market efficiency and protect investors from...

Seven biggest tech stocks are down an average 9% from highs Sector still carries a nearly 36% premium to the S&P 500 Earnings for most of Big Tech are out and the group delivered even bigger profits than Wall Street anticipated. The bad news: the outlook for...

Looking to buy a home? If so, bad news from Redfin. According to the real estate firm's latest survey, home shoppers need to earn 50% more than they did prior to the pandemic to afford a typical US home in today's market. Nationally, buyers had to earn an average of...