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Dollar ends week under pressure as data keeps rate cut hopes alive
  + stars: | 2024-03-08 | by ( ) www.cnbc.com   time to read: +4 min
The unemployment rate rose to 3.9% in February after holding at 3.7% for three straight months, the data showed. The euro got a lift this week as the dollar came under pressure after Federal Reserve Chair Jerome Powell sounded more confident about cutting interest rates in coming months. Currencies typically weaken if central banks lower interest rates. Against the yen, the dollar was 0.68% lower at 147.05 yen, its weakest since Feb. 2. Firming hopes that interest rates in the U.S. and Europe will start to fall in June also helped prop up the risk-sensitive Australian and New Zealand dollars.
Persons: Jerome Powell, Stuart Cole, Cole, Powell, Lindsey Bell, Kathleen Brooks, Sterling, BoE, Firming, bitcoin Organizations: Federal Reserve, Bureau of Labor Statistics, Equiti, ECB, Federal, Ventures, Bank of, Reuters, European Central Bank, U.S . Federal, Bank of England, New Locations: Japan, Charlotte , North Carolina, Bank of Japan, U.S, Europe, New Zealand
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech is going to continue to lead market gains, says 248 Venture's Lindsey BellHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Venture's Lindsey Bell, Brian Sullivan, Organizations: Tech, CNBC
"At the end of the day, tying that to what it means for the S & P 500 in the fourth quarter, that's a much more difficult exercise." Indeed, both the Dow and the S & P 500 moved solidly into positive territory Monday afternoon, and the tech-focused Nasdaq was higher as well. Not surprisingly, energy stocks on the S & P 500 jumped 3.7%, while industrials and discretionary stocks also posted solid gains. Finally, while the market often has knee-jerk reactions to geopolitical events, they rarely last unless there are other complicating factors. "When you look back at geopolitical issues, the market looks past them," said Lindsey Bell, chief market strategist at 248 Ventures.
Persons: Hogan, that's, Lindsey Bell, Bell Organizations: Riley Wealth Management, Dow, Federal Reserve, Columbus Day, Ventures, Reserve Locations: Israel, that's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rates are in the driver's seat of the markets, says 248 Ventures' Lindsey BellBarbara Doran, BD8 Capital Partners CIO and Lindsey Bell, 248 Ventures Chief Strategist, joins 'Closing Bell Overtime' to talk the day's market action, the latest Fed minutes and more.
Persons: Lindsey Bell Barbara Doran, Lindsey Bell Organizations: BD8 Capital, Ventures
Watch CNBC's full interview with Lindsey Bell and Tim Quast
  + stars: | 2023-08-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Lindsey Bell and Tim QuastHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Lindsey Bell, Tim Quast, Brian Sullivan, Organizations: CNBC
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFitch gave both the bears and bulls that missed the rally a gift, says 248 Ventures' Lindsey BellRyan Detrick, Carson Group chief market strategist, and Lindsey Bell, 248 Ventures chief strategist, join 'Last Call' to talk the day's market action, earnings season and more.
Persons: Fitch, Lindsey Bell Ryan Detrick, Lindsey Bell Organizations: Carson Group, Ventures
Watch CNBC's full interview with Lindsey Bell and David Katz
  + stars: | 2023-06-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Lindsey Bell and David KatzLindsey Bell, 248 Ventures chief strategist, and David Katz, Jefferies managing director, joins 'Last Call' to discuss the conflicting signals coming from consumers as consumer confidence hits a 17-month high despite a tough inflationary environment.
Persons: Lindsey Bell, David Katz Lindsey Bell, David Katz, Jefferies Organizations: Ventures
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic uncertainty is in the 'rearview mirror' with consumers, says 248 Ventures' Lindsey BellLindsey Bell, 248 Ventures chief strategist, and David Katz, Jefferies managing director, joins 'Last Call' to discuss the conflicting signals coming from consumers as consumer confidence hits a 17-month high despite a tough inflationary environment.
Persons: Lindsey Bell Lindsey Bell, David Katz, Jefferies Organizations: Ventures
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBell: Tech stocks are seeing huge inflows, at a time when valuations look pretty stretchedLindsey Bell, chief strategist at 248 Ventures, says the massive concentration of trades in so few mega-cap tech names is concerning, but it was positive to see other parts of the markets take part in Friday's strong rally.
Persons: Lindsey Bell Organizations: Bell, Tech, Ventures
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Matt Higgins, Kathy Jones and Lindsey BellMatt Higgins, RSE Ventures co-founder & CEO, Kathy Jones, Charles Schwab chief fixed income strategist, Lindsey Bell, 248 Ventures chief strategist, join 'Last Call' to discuss the state of the consumer and a possible softening in the economy this summer.
Persons: Matt Higgins, Kathy Jones, Lindsey Bell Matt Higgins, Charles Schwab, Lindsey Bell Organizations: RSE Ventures, Ventures
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStudent loan repayment will be 'first domino' in economic slowdown, says RSE's Matt HigginsMatt Higgins, RSE Ventures co-founder & CEO, Kathy Jones, Charles Schwab chief fixed income strategist, Lindsey Bell, 248 Ventures chief strategist, join 'Last Call' to discuss the state of the consumer and a possible softening in the economy this summer.
Persons: RSE's Matt Higgins Matt Higgins, Kathy Jones, Charles Schwab, Lindsey Bell Organizations: RSE Ventures, Ventures
Investors have grown confident that the Federal Reserve is done raising interest rates for now. Bell says the Fed may not be done raising rates since some important inflation measures remain high. The widespread expectation among investors is that the Federal Reserve is now on pause, and will leave interest rates where they are for a while. "The consumer and corporations are absorbing higher interest rates probably better than most people had anticipated," she said. And Lee pointed to decreases in parts of the economy that are more sensitive to interest rates.
"There may well be someplace where the Fed says they've turned the screws too hard. But, it's going to have to be something more exogenous," said Art Hogan, chief market strategist at B Riley Wealth Management. "If in fact there is a Fed put, it's certainly got a strike price that's much lower than where we are now." The Fed has had only limited success in slowing price increases, and a resilient labor market is pointing to continued inflation pressures. The result has been a Fed tightening policy more aggressively than it has done in at least 30 years, posing threats to economic and financial stability.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect market upturn after midterm elections, says Ally's Lindsey BellLindsey Bell, Ally Invest, joins 'Closing Bell' to discuss the markets and her outlook.
Both metrics for determining future stock prices (earnings estimates and the market multiple) could now move in a very wide "band". A wide range of outcomes implies more uncertainty, more volatility. For example, what is the right earnings estimate for the next twelve months for the S & P 500? "S & P 500 EPS estimates will likely be coming down at increasing rates in the weeks ahead," Nick Raich, who tracks corporate earnings at Earnings Scout, told me. 232 x 17 = 3,944 for the S & P 500, more than 150 points above where it is now.
Aggressive Fed hikes rates another 75 bp, surprising no one
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +8 min
So this is a pretty hawkish 75 basis point increase when it comes to how the text reads." What it's telling us is that the Fed is expecting to rates to continue to move higher into 2023." There's a camp that says whatever the Fed guides to has typically been the floor and not the ceiling. This communication is basically signaling that the Fed's going to continue to be aggressive and remain hawkish. Not only did the Fed hike another unusually large 75 bps today, it is basically saying it will do it again in November.
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