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☆ The Fed could lay the groundwork for a year end rally in the week ahead
▼ + stars: | 2022-10-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.

☆ Analysis: Recession fears threaten perfect track record of post-midterm U.S. stock gains
▼ + stars: | 2022-10-27 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

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.

☆ Here's how midterm elections could make or break the stock market
▼ + stars: | 2022-10-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

All that, plus there's the fast-approaching midterm elections that hold plenty more implications for investors. Historically, stocks shoot higher after midterm elections. Basically, the market usually reacts to midterms well because they are predictable in the sense that politicians can't make radical legislative changes. Attention stock market investors: The Fed could keep rates elevated for up to a year. Goldman Sachs detailed how to invest in each stock-market sector to best protect your portfolio from inflation and higher interest rates.

☆ Treasury yields could be peaking soon and that could ease some pressure on stocks
▼ + stars: | 2022-10-19 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

The closely watched 10-year Treasury yield has been setting new 14-year highs, but strategists expect it to ease from those levels in a matter of weeks, relieving pressure on the stock market. The 2-year Treasury yield, for instance, rose to 4.54% — its highest since 2007. Bond strategists and technical analysts say there is some scope for the 10-year yield to reverse course. Higher yields pressure stocks for a couple of reasons. "If we continue to see strong hiring and a low unemployment rate that will keep rates higher ... the softer the landing the higher rates will be," said Jeffery.

Senate and House leadership from both parties manned the phones, contacting local, state and federal authorities to call up the National Guard, D.C. police and other security forces to secure the Capitol. These bipartisan efforts were led by House Speaker Nancy Pelosi, who showed remarkable composure and leadership in the face of physical danger. She is also one of the most effective speakers in history, and she does it while battling the double standards that apply to powerful women. Days after the Senate passed the Inflation Reduction Act, Pelosi’s caucus in the House passed the bill without a single Democratic defection. As Pelosi established a new vision for House leadership, she did so with careful attention to detail.

☆ Analysis: Foreign banks amass reserves at the Fed, bracing for funding stress
▼ + stars: | 2022-10-17 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

So when the Fed embarked on QT, the expectation was that bank reserves held at the Fed would decline. But the decline in bank reserves has been more rapid than what some had anticipated. As of Oct. 5, bank reserves at the Fed fell under $3 trillion to $2.972 trillion, down roughly $1.3 trillion from a peak of $4.3 trillion in December 2021. As domestic bank reserves diminish, those held by FBOs at the Fed have gotten more scrutiny. "If there are structural reasons that make foreign banks more eager to hold reserves while large domestic banks' reserves declined, then there may be a risk of another inadvertent case of gridlock," said Lou Crandall, chief economist, at money market research firm Wrightson.

☆ Stocks are giving some clues that there could be a Republican congressional sweep, Strategas says
▼ + stars: | 2022-10-15 | by ( Patti Domm | In | ) www.cnbc.com time to read: +7 min

At the same time, odds for a Republican sweep on Nov. 8 have risen. Individual solar and other renewable names are also down sharply, like First Solar, which is in the Strategas Democratic portfolio. Clifton said his portfolios are pointing to a 60% chance of a Republican sweep, while betting markets are at 50/50. Among the holdings in the Republican portfolio are companies that would benefit from distribution and transportation of oil and gas, like Enterprise Products Partners. "The market is increasingly pricing in a Republican sweep.

☆ Potential home buyers are cautious about buying as mortgage rates top 7%
▼ + stars: | 2022-10-14 | 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 EmailPotential home buyers are cautious about buying as mortgage rates top 7%Stephanie Vitacco, Equity Union Real Estate broker, joins 'Power Lunch'' to discuss the housing market gridlock as higher mortgages repel potential buyers and sellers show hesitancy towards pricing at discounts.

☆ Government threatens further requisitioning as strikes at TotalEnergies continue
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterTotalEnergies said in a statement on Thursday the conditions to hold wage talks with all unions were not in place as the various blockades continue. French Finance Minister Bruno Le Maire told RTL radio TotalEnergies had "the possibility and therefore the duty" to raise wages, adding the company had "come late" in starting talks with unions after making large profits. A representative of the union's branch at Esso France (XOM.N) had said on Wednesday the walkouts which block two refineries would also continue. Two weeks into the strikes which reduced France's petrol output by over 60%, still one in three petrol stations is still struggling with supplies. Register now for FREE unlimited access to Reuters.com RegisterReporting by Tassilo Hummel; Editing by Benoit Van OverstraetenOur Standards: The Thomson Reuters Trust Principles.

☆ Why Wall Street shouldn’t sweat the midterms
▼ + stars: | 2022-10-06 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

New York CNN Business —The midterm elections are a little more than a month away, and if Wall Street had a vote, it’d be for more gridlock. Just a few months ago, many political observers and Wall Street experts were predicting that the GOP would gain control of the Senate and possibly even the House. The conventional wisdom on Wall Street is that the market prefers when politicians bicker and little actually gets done. Clifton also pointed out that “there were two notable exceptions” to the usual midterm market moves: 1974 and 1978. The Fed’s next scheduled meeting is on November 2, just six days before the midterms.

☆ Quiz: If America Had Six Parties, Which Would You Belong To? - The New York Times
▼ + stars: | 2021-09-08 | by ( Lee Drutman | ) www.nytimes.com time to read: +6 min

It is not so hard to imagine a six-party system — and it would not even require a constitutional amendment. Do you favor or oppose providing a way for undocumented immigrants already in the United States to become citizens? I would rather be a citizen of the United States than any other country. Until American politics nationalized in the 1980s and 1990s around divisive culture-war issues, they operated more independently within the two major political parties. Freeing the existing factions to forge new and shifting alliances would liberate the political innovation lying untapped in our political system.

Persons: ’, — Organizations: Democrat, Republican, Progressive Party New Liberal Party American Labor Party Growth, Opportunity Party Patriot Party Christian Conservative Party Each, New Liberal Party, Opportunity Party, Democratic, Senate, Electoral College, Democracy Locations: United States, American

☆ Many stimulus programs are due to expire at the end of 2020, threatening the US economy during the COVID-19 pandemic's most challenging phase
▼ + stars: | 2020-11-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

On November 19, Mnuchin expressed his desire to have $580 billion in unspent stimulus funds redirected to small businesses and to extend unemployment benefits. This economic relief program extended traditional unemployment benefits from the standard 26 weeks to 39 weeks. Self-employed and gig economy workers can collect state unemployment benefits through December 31, but that will also expire under the CARES Act. At the end of July, the Federal Pandemic Unemployment Compensation, or FPUC, expired, which provided a federally funded $600 weekly supplemental boost to state unemployment payments. AdvertisementThe coronavirus pandemic has deeply impacted funding for first-responders, teachers, firemen, and police officers, the very people who have been on the front lines.

Persons: —, Nancy Pelosi, Mitch McConnell, gridlock, Steven Mnuchin, Pelosi, McConnell, Mnuchin, Donald Trump, Joe Biden, Paul Sakuma, Stout, Biden Organizations: Service, Relief, Economic, Business, Representatives, Democratic, Johns Hopkins University, Century Foundation, Survey, The New York Times, New Locations: Federal, coronavirus, State, New York City

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