JPMorgan's Marko Kolanovic warns that stock market investors will be disappointed as earnings growth estimates are too high, recommending an underweight position in stocks.
The Dow ekes out a gain as stronger retail sales data raises concerns about another Federal Reserve rate hike before year end, while Bank of America impresses on earnings stage and Goldman falters, Johnson & Johnson and Lockheed Martin deliver earnings beat, and Nvidia leads chips lower as the U.S. looks to tighten restrictions on chip exports to China.
The rise in mortgage rates due to the Fed's battle against inflation has led to a historic increase in the cost of buying a home, resulting in a significant decline in home-buying demand and a doubling of the typical monthly mortgage payment.
EU countries' energy ministers have reached a deal to reform power market subsidies, focusing on longer term fixed-price contracts to protect consumers from volatile energy markets and improve investment climate for renewable energy projects, thereby enhancing energy security.
Metcash's earnings per share forecast for 2024 has been downgraded by 5%, but this has had an immaterial impact on the valuation; the company's food and hardware segments have experienced a significant deceleration in sales growth, and its grocery business is being affected by the decline in smoking cigarettes, while its hardware segment is growing in line with key competitor Bunnings.
Stock market indexes closed mixed as Nvidia shares were impacted by new U.S. trade restrictions with China, while treasury yields reached 52-week highs.
Home prices rising alongside high mortgage rates have made the housing market the least affordable it has been since the early 2000s, with sellers reluctant to sell and buyers struggling with high spending on housing, leading to low existing-home sales volumes and a "lock-in" effect.
Homebuilder confidence in the US dropped to its lowest level in 10 months due to high mortgage rates, which have led to lower buyer traffic and decreased housing affordability.
The strong performance of the US consumer, with retail sales rising 0.7% in September, could lead to more Federal Reserve rate hikes and upside risks to inflation entering the fourth quarter of 2023.
The stock market's current state of "euphoria" could lead to a negative outcome, resembling historical bubbles, according to investment advisor Smead Capital, and other experts have also cautioned about potential market decline due to prolonged higher interest rates.
The BlackRock Investment Institute predicts that the recent surge in U.S. Treasury yields will continue and volatility will persist as investors seek more compensation for holding longer-term Treasurys.
U.S. equity options traders remain focused on U.S. Treasuries and concerns about the Federal Reserve's actions, despite ongoing Middle East tensions, as open VIX call options near a record high, according to data from options analytics service Trade Alert.
China's SAMR asking for unspecified behavioral remedies in the Broadcom-VMware deal has led to concerns about the deal's success and a decline in VMware's stock, reflecting the impact of increasing economic nationalism and restrictions on trade between China and the US.
Rising geopolitical tensions have not yet derailed investors' attention in the stock market, but it poses a potential obstacle to stocks' upward trajectory.
EU energy ministers have reached an agreement on an electricity market reform that aims to protect consumers from volatile prices and accelerate the deployment of renewables.
The EUR/USD is climbing after US Retail Sales beat expectations, causing investor sentiment to improve and the USD to weaken.
The resilient US consumer and strong job market are boosting consumer spending, which could lead to more Fed rate hikes and upside risks to inflation entering the fourth quarter of 2023.
Investors are eagerly awaiting Tesla's upcoming third-quarter earnings report, with analysts expressing concerns and setting low expectations, but contrarians may see this as an opportunity to buy TSLA stock before the results are announced.
Celsius Holdings and Brazil's Nu Holdings are delivering impressive revenue growth, with Celsius seeing a 112% surge and Nu with a 60% increase in their latest quarters, making them attractive options for risk-tolerant investors.
During the next market sell-off, investors can target three healthcare stocks, including AbbVie, Stryker, and Cardinal Health, for potential dividends and share price appreciation.
A group of companies, including Fortune 500 firms, has written a letter to the US Secretary of Energy, requesting federal investment in clean aluminum to address the growing dependence on foreign supply, particularly from China. The letter emphasizes the need for support to save and expand the American clean aluminum industry, which is crucial for the country's economic growth and the development of clean energy infrastructure.
The US Treasury bond market is at risk of losing its strategic and short-term anchors, raising uncertainty about its future destination and the absorption of additional US debt, according to economist Mohamed El-Erian.
Existing home sales are projected to hit their lowest levels since 2011, with sales expected to reach 4.1 million in 2023, causing buyers and sellers to face a stagnant market with decreasing offers and rising prices.
The Nigerian naira reached a record low of 980 per dollar on the official market due to persistent dollar shortages and excess demand, reflecting weakness in the parallel market as well.
Confidence among builders in the U.S. housing market has fallen for the third consecutive month due to higher mortgage rates, leading to decreased demand for new homes. The National Association of Home Builders/Wells Fargo Housing Market Index dropped to 40, the lowest reading since January 2023, reflecting concerns about buyer traffic and housing affordability.
Sustainable timber has the potential to be a green alternative to carbon-intensive construction techniques.
Stocks opened lower on Tuesday, with the Dow Jones Industrial Average falling about 0.4%, as retail sales data exceeded expectations and earnings season continued.
Saudi Aramco has spare crude production capacity of 3 million b/d to meet any increase in oil demand, although the market is currently seen as being balanced and reasonable, according to CEO Amin Nasser, who also highlighted the issue of affordability in the transition to alternative fuels.
Overall global smartphone sales fell 8% in Q3, with Apple and Samsung losing market share to competing brands, but a rebound is expected in Q4 with the launch of the iPhone 15 and other holiday sales, according to Counterpoint Research.
Chinese President Xi Jinping pledges to expand cooperation with Indonesia in emerging industries such as the digital economy and new energy vehicles, as well as boost imports of agricultural and fishery products, during the Belt and Road Forum.
Dow Jones futures dropped after stronger-than-expected retail sales data, while Tesla stock fell due to a recall of Model X vehicles, and key earnings reports were released for Bank of America, Goldman Sachs, Johnson & Johnson, and Lockheed Martin.
This article discusses a 5-minute bar chart for Comex gold futures, which provides valuable insights and trading signals for active intra-day gold futures traders.
Israeli stocks falling due to the Israel-Hamas war is expected to have a negative impact on US markets, while chain pharmacies closing quickly also contributes to a decline in US stock futures.
Bitcoin's ability to consistently maintain a value above $28,000 is seen as a critical milestone for the cryptocurrency's bullish sentiment, with investors closely watching its movements.
Two companies, Intuitive Surgical and Shopify, are identified as potential candidates for delivering market-beating returns and reaching a market cap of $1 trillion over the next 20 years due to their strong positions in their respective industries and potential for sustained growth.
Stocks are in a historic bubble and could crash by over 60%, according to John Hussman, who warns that market valuations are at levels not seen since the peaks of 1929 and 2000, and a market loss of around -63% in the S&P 500 is likely.
Cathie Wood's Ark Invest is confident in the future potential of Block (Square), a fintech company, despite its recent decline in stock value, and believes that the stock could triple by 2030 due to its competitive moat, progress on strategic priorities, and favorable valuation.
Growing unrest in the Middle East is causing Israeli stocks to sink, leaving investors uncertain about the future of global financial markets.
Prominent Bitcoin developers and market analysts emphasize the strong value proposition of BTC in comparison to other cryptocurrencies, citing its resilience and potential as a long-term store of value and means of wealth protection, particularly in the face of economic uncertainties and hyperinflation in various countries.
German investor morale improved more than expected in October, according to the ZEW economic research institute, with analysts forecasting a further decline in inflation while warning of challenging economic conditions.
Albemarle, NextEra Energy, and Tesla are three stocks that have the potential to outperform the S&P 500 due to factors such as strong demand for lithium, attractive valuation, dividend yield, and long-term growth opportunities in the electric vehicle, renewable energy, and artificial intelligence sectors.
Clover Health Investments is primarily owned by individual investors, with 55% ownership, while institutional investors also hold a significant stake, and insiders own a reasonable proportion of the company; however, there is no dominant shareholder.
A 1,225-acre hunting property in Deer Park, Alabama, is on the market for a record-breaking price of $12.5 million, featuring a custom-built luxury lodge with extensive amenities and abundant game.
U.S. stocks show a sustained bounceback following President Biden's visit to Israel, while attention remains on big bank earnings and the ongoing conflict in Gaza.
The vacation rental industry is experiencing a return to pre-pandemic booking trends, with occupancy and revenue per available night (RevPAN) surpassing 2019 levels, indicating steady growth; moreover, supply has increased in global markets, and events are becoming a significant driver of travel demand, according to a market trends report by Beyond.
The oil market is experiencing conflicting geopolitical forces this week.
Saudi Arabian oil giant Aramco's CEO Amin Nasser stated that there is a balance in the oil market despite an economic slowdown.
Stocks rise and bond prices decline as markets focus on corporate earnings and the strength of the U.S. economy, rather than Middle East tensions, signaling a reversal of last week's risk-off sentiment.
Goldman Sachs is expected to report weak quarterly earnings due to deal-making slowdown and losses in its consumer business, while U.S. stock futures remain flat amid a busy week for corporate earnings and retail sales data is closely watched to gauge consumer spending. Additionally, County Garden faces a major debt default if it fails to make a coupon payment, and oil markets are hopeful that the U.S. will ease sanctions on Venezuela, potentially easing global supply concerns.
The Federal Reserve is expected to lower interest rates by the end of 2024, but the decline will be mild and likely to occur in the second half of the year, with the possibility of one more rate increase in 2023, according to policymakers and markets. The forecast for rate cuts is not as significant as the rate increases seen in previous years, with a projected decline of 1% in the Fed funds rate by the end of 2024. The Fed's own projections indicate short-term rates around 5% at the end of 2024, suggesting a slower trajectory for rate declines compared to market expectations. The Fed has scheduled eight meetings in 2024 to set the Fed funds rate, with the potential for rate cuts starting in June or later. The decision to lower rates may not happen until the summer of 2024, as the Fed has emphasized that it plans to cut rates gradually rather than making immediate cuts. The outlook for rates is based on the expectation that inflation will take more time to reach the Fed's target of 2% and that unemployment will increase slightly. The main risk to the rate outlook is a more severe recession in 2024, but the Fed's current focus is on addressing inflation. Recent data for 2023 has been positive, indicating that the economy may have avoided a recession. Overall, while interest rates are expected to decline in 2024, the decrease will be modest and delayed.