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LOS ANGELES (AP) — A little too country for rock ‘n’ roll, and a little too rock ‘n’ roll for country, Grammy-winning singer-songwriter Lucinda Williams has always played by her own rules. Williams underwent grueling rehabilitation, eventually leading to her memoir, “Don’t Tell Anybody the Secrets I Told You,” and her album, “Stories from a Rock N Roll Heart." AP: You’re hitting the road for “Stories from a Rock N Roll Heart,” your first album since your stroke. She’s just so fun to work with because she’s real enthusiastic, and, you know, she’s fun to be with. AP: At this stage in your career, I have to ask: Do you still feel too country for rock ‘n’ roll, and too rock ‘n’ roll for country?
Persons: Lucinda Williams, That's, Williams, , Bruce Springsteen, Patti Scialfa, Jesse Malin, Angel Olsen, Margo Price, Jeremy Ivey, Buddy Miller, ” Williams, , WILLIAMS, Margo, we’ve, She’s, Tom, Overby, I’ve, I’m, , What’s Organizations: ANGELES, Associated Press Locations: Ryman, Nashville , Tennessee, Nashville, Asheville
"It's a knife edge between whether we're going to teeter into a recession or have a soft landing. said Brown who also noted that moves may be exaggerated as many investors take vacation around the end-of-year holidays. Declining issues outnumbered advancing ones on the NYSE by a 2.80-to-1 ratio; on Nasdaq, a 2.63-to-1 ratio favored decliners. The S&P 500 posted 5 new 52-week highs and 20 new lows; the Nasdaq Composite recorded 66 new highs and 456 new lows. On U.S. exchanges 11.07 billion shares changed hands, compared with the 11.59 billion average for the last 20 trading days.
STORY: STATEMENT TEXT:MARKET REACTION:STOCKS: The S&P 500 turned sharply lower then steadied down 0.11%BONDS: Benchmark 10-year note yields rose then backed off to 3.4847%. CHRIS ZACCARELLI, CHIEF INVESTMENT OFFICER, INDEPENDENT ADVISOR ALLIANCE, CHARLOTTE“The Fed is taking away the punchbowl just as the party was getting started. They’re reiterating their forecasts but the whisper number was that the Fed was going to stop at a 4.5%-4.75% terminal rate. You know, the biggest thing that is holding the Fed back right now are the jobs numbers. The most dovish participants is looking for an extra 50 bps of hikes.
CHRIS ZACCARELLI, CHIEF INVESTMENT OFFICER, INDEPENDENT ADVISOR ALLIANCE, CHARLOTTE“The Fed is taking away the punchbowl just as the party was getting started. They're reiterating their forecasts but the whisper number was that the Fed was going to stop at a 4.5%-4.75% terminal rate. "But the Fed is out there saying that 5.1% is still on the cards … and that rate hikes will continue." BRIAN JACOBSEN, SENIOR INVESTMENT STRATEGIST, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS, WISCONSIN“The most interesting part of the releases were in the Summary of Economic Projections. And they’re holding it there longer than markets expected.”“In addition, they’re downgrading GDP estimates for this year, and in particular, for next year.
Oil stocks have been huge winners this year, thanks to the spike in crude prices…which boosted sales and profits. For now, at least, energy investors are reaping the rewards. And there are also opportunities for investors looking for a little more risk…and potential reward. Finally, investors who’ve bet against the stock market also can give thanks for this year’s volatility. PC giants Dell (DELL) and HP (HPQ) also report results this week.
NEW YORK, Oct 27 (Reuters) - A potential recession could end a streak of gains for U.S. stocks that has followed every midterm election since World War Two. Since 1946, the S&P 500 (.SPX) has climbed 19 out of 19 times in the 12-month period after midterm elections, according to data from Deutsche Bank. The vote helps clarify the policy outlook regardless of the result because the make-up of Congress is known. November and December rank as the second- and third-best performing months of the year since 1950, with average S&P 500 gains of 1.7% and 1.5%, according to the Stock Trader's Almanac. Meanwhile, the current inflationary environment makes post-midterm fiscal stimulus less likely, another factor that could limit stock gains.
It's just a few weeks into third-quarter earnings season, but so far, it hasn't been nearly as bad as Wall Street feared. Through Thursday morning, 75% of S & P 500 companies that had reported earnings had exceeded expectations, according to data from The Earnings Scout. He pointed to Procter & Gamble 's Wednesday report , which topped analyst estimates for earnings and revenue as higher prices offset lower sales volumes. Going into the season, expectations were that earnings would be cut 15% to 20% to the downside, to reflect economic weakness, said Overby. Why good news might again be bad news Earnings beats are good for investors as they generally send stock prices higher.
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