Consumer companies are seeing a rise in confidence as hopes grow that the Federal Reserve will adopt a less hawkish stance in its upcoming policy statement. This positive sentiment is reflected in the S&P CoreLogic Case-Shiller National Home Price Index, which saw home prices across the nation increase by 2.6% in August compared to the previous year. This represents a … [Read more...] about Consumer Companies Optimistic as Fed Shows Less Hawkish Stance
Federal Reserve
Disinflation Trend Persists, New Measures of Inflation Show
The latest gross domestic product report, released on Thursday, highlighted two new measures of inflation that support the continuation of the disinflation trend. The Commerce Department, in response to user requests, broke down the price indexes for Personal Consumption Expenditures (PCE) excluding food, energy, and housing, as well as PCE services excluding energy and … [Read more...] about Disinflation Trend Persists, New Measures of Inflation Show
Y2K Fashion and a Familiar Tech Rally
Y2K fashion is making a comeback with wide-leg denim, velour tracksuits, and butterfly hair clips. But alongside this nostalgic fashion trend, there seems to be a disturbing parallel in the tech market. Out of all the major indexes, the Nasdaq Composite, known for its heavy focus on technology companies, has experienced the most significant rally in 2023. It has soared over 25% … [Read more...] about Y2K Fashion and a Familiar Tech Rally
Inflation Shows Signs of Slowing, but Concerns Linger
Economists are predicting that inflation in the United States likely ticked down in September, following a slowdown in gasoline price growth and a decrease in used car costs. However, there are indications that certain categories closely monitored by the Federal Reserve, such as housing and other services, may still exhibit persistent strength. According to consensus … [Read more...] about Inflation Shows Signs of Slowing, but Concerns Linger
Nvidia’s Plan Goes Awry
It seemed like everything was going as expected for Nvidia, the star of the S&P 500 this year. Their outstanding earnings report on Wednesday night initially sent their stock and index futures soaring in the premarket on Thursday. However, the situation quickly took a turn for the worse. Despite some minor gains, Nvidia's shares struggled to stay afloat while the major … [Read more...] about Nvidia’s Plan Goes Awry
