Stocks Pick of The Week - Tech Stocks Dip and Boeing Faces Setbacks – What’s Next for the Markets?
The Dow Jones, S&P 500 and Nasdaq all had a losing week, down over 3%, 4% and 6% respectively. Analysts suggest that while a hard economic landing is unlikely, economic growth could slow...
Inflation and Central Bank Decisions Signal a Turning Point for Global Markets
In July, inflation edged up slightly, with the personal consumption expenditures (PCE) price index rising 0.2% monthly and 2.5% annually, matching the forecast. Core PCE, excluding food and energy,...
Stocks Pick of The Week - S&P 500 Nears Highs as Investors Eye Fed's Next Move in a Challenging September
In August, the S&P 500 rebounded from a rough start and is nearing its all-time high. However, September is historically a weaker month for stocks. Investors await the Federal Reserve's two-day...
July PCE: Fed's Inflation Progress and Market Impact
The upcoming July personal consumption expenditures (PCE) index could confirm the Fed's progress towards its 2% inflation target. Economists expect a slight increase in PCE, which might shift focus...
Stocks Pick of The Week - Optimism Builds for S&P 500 as Key Events Loom
Historically, the final week of August has been positive for the S&P 500, with a median gain of around 0.5% since 1953 and 1.1% over the past 10 years. This offers some optimism ahead of September,...
Powell’s Keynote Bitcoin ETF Developments and Gold’s Record High
Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole Economic Policy Symposium in Wyoming is anticipated to clarify interest rate trends, amid a volatile market recovery. Despite...
Stocks Pick of The Week - US Spending Surges in July, Inflation Eases, and Walmart Shines with AI
In July, US consumer spending exceeded expectations with retail sales increasing by 1%, compared to the forecasted 0.3%. The labour market also showed strength, with initial jobless claims dropping...
Dollar Strengthens on Jobless Claims Drop
The US dollar rose on Thursday after unemployment claims dropped, easing recession fears. Initial jobless claims fell to 233,000 for the week ending August 3, suggesting the labour market is stronger...
Stocks Pick of The Week - Tech and Travel Stocks Poised for Recovery Amid Labor Data Optimism
Stocks rebounded on Thursday, with positive labour data boosting confidence after a sharp sell-off earlier last week. The S&P 500 rose 2.3%, the Dow gained 1.76% and the Nasdaq increased 2.87%....
