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☆ A default cycle has started amid the Fed's high interest rates, economists say. These 4 charts explain how severe it is.
▼ + stars: | 2023-11-27 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

A default cycle has started, spurred by high rates and debt costs, economists at Apollo Management said. Data on default rates and bankruptcy filings show just how severe the situation is. Advertisement"A default cycle has started with bankruptcy filings rising, and default rates will continue to rise over the coming quarters, impacting in particular middle market companies," they added. US Speculative grade default rates Apollo Management"The ongoing rise in default rates is not just a 'normalization.' AdvertisementUS bankruptcy filings Apollo ManagementWeekly bankruptcy filings for companies with at least $50 million in liabilities Apollo ManagementSløk has previously said that the Fed's rate hikes were to blame for higher bankruptcies.

Persons: —, Torsten Sløk, Sløk, Apollo Management Sløk, Nicholas Colas, Moody's Organizations: Apollo Management, Service, HY, Apollo, DataTrek, Management Locations: Moody's, Europe

☆ Hedge funds have lost $43 billion trying to short the market as the S&P 500 eyes its best month in over a year
▼ + stars: | 2023-11-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Hedge fund short sellers have lost $43 billion in recent days as stocks rally, the Financial Times reported. The S&P 500 is on track for its best month since July 2022. With a more than 7% gain in November, the S&P 500 is on pace for its best month since July 2022. AdvertisementThe FT notes that analysts say some hedge funds have had to repurchase stocks to cover their short bets as a "short squeeze" pushed share prices even higher. According to S3 data, bets against technology, healthcare, and consumer discretionary were the most painful for hedge funds.

Persons: —, Stocks, Goldman Sachs, Nicholas Colas, Jessica Rabe Organizations: Financial Times, Service, Wednesday Financial, S3 Partners, Federal Reserve, Carnival Corp

☆ ETFs that track meme stocks have been surging, as 'animal spirits' return to markets
▼ + stars: | 2023-11-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Meme stocks have been on the rise recently as November's market rally brings a wave of bullishness. "The upshot: the reemergence of meme stocks shows investors' animal spirits are starting to run hot again," DataTrek said. AdvertisementMEME, BOTZ, and IWO have seen gains of 10.8%, 6.6%, and 5.9%, respectively, while the S&P 500 has gained 3.1% in that stretch. AdvertisementStill, the recent outperformance for funds with exposure to meme stocks reflect "generally bullish market conditions," Colas and Rabe maintained. DataTrek also noted on Tuesday that S&P 500 sector correlations suggests the November stock rally should continue through the end of the year.

Persons: —, Nicholas Colas, Jessica Rabe, iShares Russell, DataTrek, Colas, Rabe Organizations: Service, Robotics, Treasury, IWO, GameStop, AMC

☆ A key historical indicator says the latest stock market rally is poised to push on through the end of the year
▼ + stars: | 2023-11-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The S&P 500's sector correlations suggest the current rally can go to year-end, DataTrek Research said. The indicator is a sign of investor confidence, and it's hovering near levels seen around bull markets of the past. AdvertisementThe stock market is in the midst of a strong November rally, and according to DataTrek Research, the gains could last through year-end thanks to a key historical trend. "When [investors] see clear skies ahead, correlations tend to be low as they pick and choose between individual sectors and stocks," Colas and Rabe said. When correlations hover above that level, stocks tend to be under pressure; when they are below, stocks tend to rally like they did in 2020-2021, and between January and July of this year.

Persons: —, Nicholas Colas, Jessica Rabe, Colas, Rabe Organizations: Research, Service

☆ CHART OF THE DAY: Recession fears appear to be cooling among US companies
▼ + stars: | 2023-11-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Mentions of inflation were down to 55% of companies in the third quarter, down from a peak of 83% in 2022. Taken together, the "recession" and "inflation" mentions points to moderating, but still persistent unease among companies. "Stocks have shrugged off recession fears, but they remain elevated at many companies. But they also note that the still-elevated mentions of inflation and recession don't necessarily bode poorly for stock performance. Big Wall Street firms are mixed in their outlook for the economy next year.

Persons: —, disinflation, DataTrek, DataTrek cofounders Nicholas Colas, Jessica Rabe, Colas, Rabe, bode, Goldman Sachs Organizations: Service, Research, Wall Street, Wall, Bloomberg, JPMorgan Locations: America

☆ Why market timing doesn't work: S&P 500 is up 14% this year, but just 8 days explain the gains
▼ + stars: | 2023-11-08 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The S&P 500 is up 14% this year, but just eight days that explain most of the gains. If you want a simple indication of why market timing is not an effective investment strategy, take a look at the data on the S&P 500 year to date. How to explain that the S&P is up 14% but the number of up days is about the same as the down days? Here's a hypothetical example of an investment in the S&P 500 over 50 years. The key to investing is not market timing: it is consistent investing, and understanding your own risk tolerance.

Persons: Nicholas Colas, there's, JP Morgan, Colas Organizations: New York Stock Exchange, Federal Reserve, Facebook, Netflix, JP, Signature Bank Locations: Republic

☆ Rising air pollution in China suggests its economy is growing faster and oil prices will climb
▼ + stars: | 2023-11-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Rising air pollution in China suggests its economy in on track to see a jump in growth, according to DataTrek Research. Oil prices should rise if China's economy is accelerating, as its air quality suggests. This proves our basis point that air pollution readings can give investors an early call on a country's economy," DataTrek Research co-founder Nicholas Colas said. In fact, the air quality in Beijing has seen a "very visible" increase in air pollution in the last two weeks, as has Guangzhou, Chongqing, Shenzhen, and Shanghai. AdvertisementAdvertisementTo be sure, it will take weeks for the recent rise in China's air pollution to register in the official economic data.

Persons: DataTrek, —, Nicholas Colas, Colas, Brent Organizations: Research, Service, DataTrek Research Locations: China, Beijing, Guangzhou, Chongqing, Shenzhen, Shanghai

☆ After a miserable October, the setup for stocks in November is looking better
▼ + stars: | 2023-10-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

After a miserable October, the setup for November is looking better. Barring a huge rally Tuesday, October will be the third-consecutive down month for the S & P 500 — that's unusual. 1 month for the S & P 500. It's just that stocks have sold off during earnings season because of the cautious outlook being projected on many earnings calls. The chances the S & P 500 would be down four months in a row is very small.

Persons: —, That's, Nicholas Colas, Colas, JPMorgan's Marko Kolanovic, It's, hasn't, Jonathan Krinsky Locations: DataTrek, Israel, BTIG

☆ Shares of luxury brands are tumbling in a sign consumers' high-end spending spree is over
▼ + stars: | 2023-10-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The boom in luxury goods is over as consumers pull back on their multiyear high-end spending spree. AdvertisementAdvertisementIn the US, card spending for luxury fashion has been on the decline for six quarters in a row, with luxury fashion spending down 16% year-over-year over the past quarter, Bank of America card data shows. Card spending on luxury fashion has declined for six quarters in a row. Bank of AmericaUS card spending on luxury fashion declined 16% year-per-year the past quarter, Bank of America forecasts. That's because European investors often say tech stocks are a competitor to luxury stocks in their portfolios, Colas said.

Persons: —, LVMH, DataTrek, Nicholas Colas, Ralph Lauren, Colas, Kelly Organizations: Service, Bloomberg, Bank of America, Bank of America US, Industry, Consumers, San Francisco Fed, Tech Locations: LVMH, Paris

☆ Stock market bulls are hopeful that earnings will be a welcome distraction
▼ + stars: | 2023-10-02 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

After September lived up to its reputation as the worst month of the year, bulls are hopeful earnings will prove a welcome distraction for a stock market mired in weak seasonal trends and rising interest rates. "Net net, the earnings estimates for these early reporters are going up, and that is a positive sign for earnings season," Earnings Scout founder and CEO Nick Raich from told me. Valuations are coming down but are still high The forward multiple for the S & P 500 (Q4 2023, and Q1-Q3 for 2024) is 17.9. For example, industrials have seen a significant decline in earnings estimates due to very large estimate declines for Boeing. Bulls hopeful earnings will prove a welcome distraction The expectations for rising earnings has many hopeful that it will help get stocks out of their recent rut due to rising interest rates.

Persons: Nick Raich, John Butters, Nicholas Colas, Raich Organizations: JPMorgan, FedEx, Oracle, Darden, Costco, Pepsi, General Motors, Ford, Netflix, NVIDIA, Apple, Intel, Boeing, Southwest Airlines, American Airlines, United Parcel Service Locations: AutoZone, Horton

☆ US stocks rise but head for losing week amid spike in bond yields and surging oil prices
▼ + stars: | 2023-09-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

US stocks ticked higher Friday but were on track for a losing week. Oil prices and bond yields surged during the week, with Brent crude up 0.75% Friday. Policymakers made no rate adjustment Wednesday, but could make one more hike before year's end. The major indexes are coming off three consecutive days of losses and remain on track to finish the week in the red as bond yields jump on hawkish Federal Reserve commentary and surging oil prices. After policymakers indicated that rates could remain higher for longer into 2024, bond yields surged, with the 10-year Treasury hitting 4.49%, its highest level since 2007.

Persons: Brent, Nicholas Colas Organizations: Service, Fed, Treasury, Labor Department, Markets, Dow Jones Locations: Wall, Silicon

☆ What higher-for-longer Fed policy will mean for the markets and economy
▼ + stars: | 2023-09-21 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

For Fed Chair Jerome Powell, who spoke to the press after the two-day session ended, "Resetting market expectations about real rates was his most important mission," Colas said. But this week's meeting indicated that Fed officials expect rates to stay higher for longer. The thinking there is that if inflation moves lower, the Fed won't need to keep nominal rates as high because real rates will be rising. "But, until one or both of those things happen, higher real rates are the Fed's strategy to tame inflation," Colas said. "This tells us that current equity market churn is unlikely to end until bond markets have settled out."

Persons: wasn't, Nicholas Colas, Jerome Powell, Colas, Krishna Guha, Claudia Sahm, Guha, Powell, Powell's, Morgan Stanley, Ellen Zentner, Goldman Sachs, Goldman, David Mericle, Goldman doesn't, Mericle, DataTrek's Colas Organizations: DataTrek Research, Companies, Evercore ISI, U.S ., Fed

☆ Strikes are often buying opportunities for GM shares, but this time could be different
▼ + stars: | 2023-09-19 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

GM, led by CEO Mary Barra, tends to be the U.S. automaker most affected by strikes, historically speaking. During past work stoppages, GM has experienced 94% of total lost worker days among the Big Three U.S. auto manufacturers, Barclays said. The trading pattern for GM shares during walkouts has been somewhat predictable. GM has so far followed this trend, with shares barely changed on the year, compared with a 15% gain for the S & P 500 . in the eventual agreement that create an amount in excess of this would likely negatively impact post-strike stock performance," Levy said.

Persons: Mary Barra, Dan Levy, Levy Organizations: Motors, Barclays, GM, Big, United Auto Workers, UAW Locations: U.S, walkouts

☆ Gas is rapidly approaching $6 in one state
▼ + stars: | 2023-09-19 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

In California, gas prices are rapidly approaching $6 a gallon. Nationally, gas prices remain well below the record of $5.02 set last June. Still, US gas prices climbed this week to $3.88 a gallon, the highest level of the entire year, according to AAA. Boosted by those two nations’ aggressive supply cuts, US oil prices climbed to as high as $93.74 a barrel on Tuesday. And this recent rise in gas prices is causing headaches for some in Washington.

Persons: it’s, That’s, Pain, Joe Biden’s, Jerome Powell, Powell, ” Nicholas Colas, Colas, “, ”, Joe Brusuelas, Andy Lipow, Lipow, Russia don’t, Brent, Goldman Sachs, Vincent Reinhart, RSM’s, Reinhart, ’, Morgan Stanley, Kristina Hooper Organizations: New York CNN, —, AAA, Brent, Federal, DataTrek Research, RSM, Lipow Oil Associates, Rockies, Citigroup, Fed, Mellon Locations: United States, West Coast, In California, Los Angeles, Long Beach, California, Washington and Nevada, Saudi Arabia, Russia, It’s, Washington, OPEC

☆ The 4 key reasons why the UAW could strike GM, Ford and Stellantis this week
▼ + stars: | 2023-09-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

He admits the union’s demands are “ambitious” but he insists they’re justified given the automakers’ strong profits in recent years. The automakers have balked at most of the union’s demands, according to the UAW. RaisesThe union demands an immediate 20% raise, and then four additional raises of 5% each. The UAW wants a return of traditional pension payment plans and retiree health care for all UAW members. GM put the cost of the six-week strike by the UAW in 2019 at $2.9 billion.

Persons: Shawn Fain, they’re, Fain, ”, Wheaton, It’s, Patrick Anderson, Anderson, ” Anderson, “, ” Wheaton, Cornell’s Wheaton, ’, What’s, Gavin Strassel, Walter Reuther Organizations: New, New York CNN, United Auto Workers, UAW, Ford, Jeep, Dodge, Chrysler, Cornell University’s, Industrial and Labor Relations, GM, Anderson Economic Group, Pensions, Workers, Big Three, Anderson Economic, Walter, Walter Reuther Library, Wayne State University, Hollywood Locations: New York, Buffalo, Michigan, Wheaton, Belvidere , Illinois, Stellantis, Ohio, Detroit

☆ Coca-Cola’s CMO on Sidestepping the Culture Wars, Navigating AI and Boosting Events Over Ads
▼ + stars: | 2023-09-08 | by ( Patrick Coffee | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/coca-colas-cmo-on-sidestepping-the-culture-wars-navigating-ai-and-boosting-events-over-ads-4b81acf4

Persons: Dow Jones

☆ Warning signs for at least a near-term stock pullback are building
▼ + stars: | 2023-09-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

One of the potentially big ones is that the S & P 500 on Wednesday closed below its 50-day moving average. That's typically considered a good short-term warning sign that the market is in a downtrend as traders de-risk ahead of potentially turbulent times. Those moves come at a time when other signs are mounting for a potential modest pullback, according to Nicholas Colas, co-founder of DataTrek Research. Colas advised investors to watch the Cboe Volatility Index for clues about where the market is heading in the near term. "Longer term investors may want to just sit out this modest pullback," Colas wrote.

Persons: Nicholas Colas, Colas Organizations: Apple, Microsoft, Meta, Nvidia, Tesla, DataTrek Research, Big Tech

☆ Rising caffeine levels spark calls for ban on energy drink sales to children
▼ + stars: | 2023-08-30 | by ( Kailyn Rhone | ) www.reuters.com time to read: +5 min

[1/2] FILE PHOTO-Prime energy drink cans sit on a shelf at Target in Brooklyn, New York, U.S., August 18, 2023. Rival products like Anheuser Busch InBev-backed (ABI.BR) Ghost energy drinks and Kim Kardashian's “Kimade” energy drink also have 200 mg of caffeine. In the U.S. and UK, no national regulations ban the sale of high-caffeine energy drinks. She added: "Any energy drink with a high dose caffeine in it, such as Prime Energy, is unsafe for children." “I got confused because when you first see the can, it’s hard to see where it says energy drink.

Persons: Kim Kardashian's, Holly Benjamin, Dr, Benjamin, Chuck Schumer, Alani, Logan Paul, KSI, Shick, ”, “, Bonnie Patten, TINA, GNC, Vanessa O'Connell, Lisa Shumaker Organizations: REUTERS, Prime Energy, Anheuser Busch InBev, Monster Energy, University of Chicago, American Academy of Child, Psychiatry, FDA, U.S, Ghost Energy, Congo Brands, American Medical Association, Walmart, Target, Energy, Kailyn, Thomson Locations: Target, Brooklyn , New York, U.S, Canada, Australia, New Zealand, Congo, Florida, Kailyn Rhone, New York

☆ White Sox halt Seattle’s 8-game win streak on walk-off error
▼ + stars: | 2023-08-23 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

August 23 - Tim Anderson scored on a throwing error in the 10th inning to lift the Chicago White Sox to a 5-4 win against the visiting Seattle Mariners, ending their eight-game winning streak on Wednesday afternoon. Justin Topa (3-4) started the 10th with Anderson on second base. Trayce Thompson blasted a two-run homer for the White Sox, who had lost five of their last six games and nine of their last 12. Anderson's RBI single in the third gave Chicago a 1-0 lead. Colas led off the ninth with a double off Andres Munoz before Andrew Benintendi delivered a one-out, pinch-hit RBI single to tie it 4-4.

Persons: Tim Anderson, Justin Topa, Anderson, J.P, Crawford, Trayce Thompson, Oscar Colas, Michael Kopech, George Kirby, Josh Rojas, Colas, Thompson, Jose Caballero, Rojas, Gregory Santos, Julio Rodriguez, Eugenio Suarez, Andres Munoz, Andrew Benintendi, Sammy Peralta, Cal Raleigh, Rodriquez, Peralta Organizations: Chicago White Sox, Seattle Mariners, White Sox, Cleveland Guardians, Chicago, Mariners, Seattle, Cal, Thomson

☆ MLB roundup: Red Sox hand Yanks 8th straight loss
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +9 min

The Red Sox challenged the play for obstruction and Kiner-Falefa's run was overturned. Belt hit two-run and solo shots, Kevin Kiermaier and George Springer had two-run homers and Bo Bichette added a solo blast in the rubber match of a three-game series. The loss broke the Braves' five-game winning streak and handed them their first home loss in eight games this month. Maikel Garcia's run-scoring single and Drew Waters' RBI groundout got them within a run with the tying run on second. Yoan Moncada hit a two-run double that tied the game and Oscar Colas made it 7-5 with a two-run double during the seventh-inning uprising.

Persons: Justin Turner, Wendell Cruz, Turner, Clay Holmes, Pablo Reyes, Michael King, Anthony Volpe, Isiah Kiner, Falefa, Connor Wong, Trevor Williams, Jordan Weems, Hunter Harvey, Mason Thompson, Kyle Finnegan, Finnegan, Jake Cave, Keibert Ruiz, Dominic Smith, Eugenio Suarez, Dominic Canzone, Dylan Moore, Hunter Brown, Emerson Hancock, Houston, Max Scherzer, Tyrone Taylor, Christian Yelich, Scherzer, Taylor, Adrian Houser, Phil Niekro, Dallas Keuchel, Bryan Reynolds, Edouard Julien, Jhoan Duran, Cy Young, Hunter Greene, Brandon Belt, Kevin Kiermaier, George Springer, Bo Bichette, Greene, Joc Pederson, Kirby Yates, Michael Conforto, Thairo Estrada, Wilmer Flores, Patrick Bailey, J.D, Davis, Yates, Pederson, Kyle Hendricks, Seiya Suzuki, Miguel Amaya, Hendricks, Bobby Witt Jr, Michael Massey's, Maikel Garcia's, Drew Waters, Adbert Alzolay, Dairon Blanco, Ryan Mountcastle, Gunnar Henderson, Kyle Bradish, Jorge Mateo, Brent Rooker, Nick Vespi, Spencer Torkelson, Kerry Carpenter, Eduardo Rodriguez, Logan Allen, Matt Vierling, Torkelson, Rodriguez, Allen, Paul Goldschmidt, Louis, Richie Palacios, Pete Alonso, Dakota Hudson, Andrew Vaughn, Lenyn Sosa, Andrew Benintendi, Zach Remillard, Aaron Bummer, Yoan Moncada, Oscar Colas, Charlie Blackmon, Michael Toglia, Harold Castro Organizations: Boston Red Sox, New York Yankees, Yankee, Boston, Yankees, Red Sox, Phillies, Philadelphia, MLB Little, Washington, Mariners, Astros, Seattle, Houston, American League, Brewers, Rangers, Milwaukee, Pirates, Dallas, Minnesota, Pittsburgh, Chicago White Sox, Blue Jays, Reds, Toronto, Cincinnati, Giants, Braves, Cubs, Royals, Chicago, Kansas, Kansas City . Kansas City, Orioles, Athletics, Baltimore, Oakland, Tigers, Detroit, Cleveland, Cardinals, Mets, New, White Sox, Rockies, Colorado, Thomson Locations: Bronx , New York, USA, Williamsport, Pa, Houston, Texas, Arlington , Texas, Minneapolis, Keuchel, Brandon, San Francisco, Atlanta, Kansas City ., Dairon, Oakland, Seattle, San Diego, New York, Denver

☆ Here's more evidence that it's really hard to make money picking stocks
▼ + stars: | 2023-08-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +9 min

And only a handful of stocks have accounted for the bulk of wealth creation in the stock market in the last 30 years. The good news: U.S. companies are far and away the biggest drivers of stock wealth creation in the last 30 years. Stock market wealth is highly concentrated How can this be? Just five stocks accounted for 10% of global net stock market wealth creation over 31 years. The reason, as this paper demonstrates, is that stock returns are not normally distributed over time.

Persons: Hendrik Bessembinder, Johnson, Roche, Kwiechow, Tencent, Tesla, Nicholas Colas, Larry Swedroe, Swedroe, Colas Organizations: Global, CFA, Treasury, Microsoft, Apple, Walmart, Facebook, Samsung, Johnson, Taiwan Semiconductor, Nestle, U.S, DataTrek Research, Strategic, New York Stock Exchange Locations: United States, U.S, China

☆ The Fed's focus on 'real' rates is what investors should be watching
▼ + stars: | 2023-08-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Gauging the 'real' rate Chair Jerome Powell , following the July meeting, said his definition of real rates is the fed funds rate minus "near-term inflation expectations." With the fed funds rate running at 5.33% and the Michigan survey indicating one-year inflation expectations at 3.3%, that puts the real rate around 2%. Using the 10-year Treasury yield against the inflation rate, the real rate currently sits around 1.6% . The evidence, though, that higher real rates are holding back activity is mixed. Its focus on real rates could mean more hawkish policy, particularly if inflation expectations start rising again.

Persons: Nicholas Colas, Jerome Powell, Powell, Colas Organizations: DataTrek Research, University of Michigan, Fed, Primary Dealers Locations: Michigan

☆ Markets should brace for a turbulent few weeks as slow motion rate shock continues, DataTrek says
▼ + stars: | 2023-08-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

That's partly because the Fed is unlikely to stop its quantitative tightening regime. The Fed has reduced its balance sheet aggressively over the past year, which could weigh on stocks. As of last week, the Fed has already reduced its balance sheet around $700 billion from the first quarter of 2022, down to $8.2 trillion from $8.9 trillion. Aggressive balance sheet tightening was one of the factors that weighed heavily on stocks last year, with the S&P 500 shedding 20% to notch its worst performance since 2008. "The current slow-motion long-term rate shock has a way to go, in our view, and equity markets will struggle as it evolves.

Persons: DataTrek, Nicholas Colas, Colas Organizations: Fed, Service, Reserve, Treasury Locations: Wall, Silicon

☆ I would be cautious on consumer sensitive areas of the market, says Wilmington Trust's Meghan Shue
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI would be cautious on consumer sensitive areas of the market, says Wilmington Trust's Meghan ShueNick Colas, DataTrek Research co-founder and Meghan Shue, Wilmington Trust EVP, join 'Closing Bell Overtime' to talk the day's market action, stocks versus bonds, upcoming earnings and more.

Persons: Wilmington, Meghan Shue Nick Colas, Meghan Shue Organizations: Research, Wilmington Trust Locations: Wilmington

☆ MLB roundup: Michael Lorenzen tosses no-hitter in home debut for Phillies
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +12 min

St. Louis received contributions throughout its lineup, with Nootbaar collecting two hits, an RBI and two runs scored. Mariners 6, Padres 1Cal Raleigh hit a tiebreaking two-run homer in the eighth inning as Seattle defeated visiting San Diego. Matt Vierling had three hits, scored two runs and drove in another. Joey Gallo hit a two-run homer and Correa added a solo shot for Minnesota, which will try to salvage the split on Thursday. At the plate, Ohtani went 0-for-2 with two walks (one intentional) and a run scored.

Persons: Rob Thomson, Michael Lorenzen, Bill Streicher, Lorenzen, Dominic Smith flied, Johan Rojas, Cole Hamels, David Peralta, Freddie Freeman, Jason Heyward, Bobby Miller, Kyle Nelson, Peralta, Freeman, Will Smith, Austin, Michael Harris, Carmen Mlodzinski, Ronald Acuna Jr, Ozzie Albies, Max Fried, Pierce Johnson, Raisel Iglesias, Bryan De La Cruz's, Josh Bell's, Jon Berti, Luis Arraez, Bell, Sam Moll, De La Cruz, Alexis Diaz, Tanner Scott, A.J Puk, David Robertson, Christian Encarnacion, Strand, Freddy Tarnok, Zack Gelof, Oakland's, Jonah, Jordan Montgomery, Esteury Ruiz, Jordan Diaz, Mark Canha, Justin Lawrence, William Contreras, Frelick groundout, Ezequiel Tovar's, Monasterio's grounder, Cole Tucker, Tovar, Canha bobbled, Profar, Bryse Wilson, Ryan McMahon, Kyle Tucker, Jose Altuve, Altuve, Alex Bregman, Cristian Javier, Austin Hays, Jeff McNeil, Pete Alonso, Justin Verlander, Alonso, Seiya Suzuki, Christopher Morel, Suzuki, Paul Goldsmith, Lars Nootbaar, Louis, Jordan Walker, Giovanny Gallegos, Jose Siri, Jalen Beeks, Kevin Kelly, Nootbaar, Kevin Gausman, George Springer, Springer, Vladimir Guerrero Jr, Kole Calhoun, Casas, Alex Verdugo, Nick Pivetta, MJ Melendez, Seattle's, Emerson Hancock, Yu Darvish, Oscar Colas, Elvis Andrus, Mike Clevinger, Luis Severino, Gleyber Torres, DJ LeMahieu, Spencer Torkelson, Matt Vierling, Miguel Cabrera, Zach McKinstry, Eric Haase, Alex Faedo, Tyler Holton, Joey Gallo, Correa, Bailey Ober, Ohtani, Mike Moustakas, Michael Conforto, Brandon Crawford's Organizations: Philadelphia Phillies, Washington Nationals, Citizens Bank, Wednesday, Detroit Tigers, Phillies, Chicago Cubs, NBC Sports Philadelphia, Dodgers, Diamondbacks, Braves, Pirates, Atlanta, Pittsburgh, Marlins, Reds, Miami, Cincinnati, Athletics, Rangers, Oakland, Brewers, Rockies, Milwaukee, The Brewers, Astros, Orioles, Houston, Baltimore, Mets, Cubs, New, Chicago, Houston Astros, Cardinals, Rays, Hudson, Tampa, Blue Jays, Toronto, Cleveland, Guardians, Red Sox, Royals, Boston, Kansas City, Mariners, Padres, Cal Raleigh, Seattle, San, Sox, Yankees, Twins, Detroit, Tigers, Minnesota, Giants, cramp, Thomson Locations: Philadelphia , Pennsylvania, USA, Angeles, Arizona, Phoenix, Texas, Colorado, Baltimore, New York, Tampa, St . Petersburg, Fla, Tampa Bay, San Diego, Toronto, Chicago, Minnesota, Los Angeles, San Francisco, Anaheim , Calif, Ohtani

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