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☆ Powell's speech did not address GDP rise from productivity growth, Wharton School's Jeremy Siegel
▼ + stars: | 2023-08-25 | 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 EmailPowell's speech did not address GDP rise from productivity growth, Wharton School's Jeremy SiegelJeremy Siegel, University of Pennsylvania's Wharton School professor of finance, joins 'Closing Bell' to discuss what the market reaction to Powell's Jackson Hole speech says about the state of monetary policy, strong productivity despite a labor market slowdown, and the risk of commodity price inflation rising further.

Persons: Wharton, Jeremy Siegel Jeremy Siegel, Powell's Jackson Organizations: University of Pennsylvania's Wharton School

☆ Here are the 8 trades and 3 price-target changes we made during a busy week
▼ + stars: | 2023-08-25 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

Monday Monday proved to be a harbinger for the rest of the week, beginning with purchases of GE Healthcare (GEHC) and Stanley Black & Decker (SWK). GE Healthcare and Stanley Black & Decker appeared especially attractive, leading us to buy 100 shares and 150 shares, respectively. For GEHC, we wanted to take advantage of what we believe was an unwarranted decline in the medical technology company's stock price. Our purchase of Starbucks represents another buying-into-post-earnings-weakness situation, as we did with Microsoft and Stanley Black & Decker earlier in the week. That's why on Thursday we took our Nvidia price target to $600 per share from $450, implying roughly 27% upside.

Persons: Jerome Powell's Jackson, Here's, Stanley Black, Decker, SWK, Nikesh Arora, Jim Cramer, that's, Locker, Locker's, —, Jim Cramer's, Jim, Angela Weiss Organizations: Federal, GE Healthcare, Microsoft, Palo Alto Networks, Big Tech, Amazon, Starbucks, Broadcom, Devices, Nvidia, Charitable, AMD, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Danaher, New York City

Stocks: The S&P 500 index rose 0.6% to 2874.69. In fact, the Fed had begun cutting its policy rate just weeks before his 2019 Jackson Hole appearance to offset headwinds to growth from then-President Donald Trump's trade war with China. Powell's "Challenges for Monetary Policy" speech signaled more rate cuts were likely coming. Stocks: The S&P 500 index rose 0.2% to 3484.55. Stocks: The S&P 500 index rose 0.9% to 4509.37.

Persons: Jerome Powell, Jackson, Jim Urquhart, he's, Graphics Powell, Janet Yellen, hawkish Powell, Lean, Powell, Donald Trump's, Trump, Joe Biden, Biden, reappoint, Stocks, Ann Saphir, Dan Burns, Paul Simao Organizations: REUTERS, Kansas City Fed, Graphics, Trump, Reuters, Fed, Democratic, Thomson Locations: Teton, Jackson , Wyoming, U.S, , Wyoming, Jackson Hole , Wyoming, China, United States

☆ US stocks tumble as Nvidia-led rally fizzles ahead of Powell's Jackson Hole speech
▼ + stars: | 2023-08-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

US stocks tumbled Thursday after an early Nvidia-led rally lost momentum and turned negative. Nvidia stock soared to an all-time high after the company beat earnings views and raised its guidance. Investors will be watching for Jerome Powell's speech Friday at Jackson Hole, Wyoming. The chipmaker's stock soared as high as 6.7% to a new all-time record of $502.66, before paring nearly all of its gains. Investors will be watching for more signals from Fed Chairman Jerome Powell during his speech in Jackson Hole, Wyoming on Friday.

Persons: Jerome Powell's, paring, Susan Collins, Patrick Harker, we've, Jerome Powell, Tom Lee, Jackson Organizations: Nvidia, Service, Boston, Philly Fed, Dow Jones Locations: , Wyoming, Wall, Silicon, Jackson Hole , Wyoming

☆ Stock futures are little changed as investors await Powell’s Jackson Hole speech: Live updates
▼ + stars: | 2023-08-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures were flat Thursday night as Wall Street looked toward Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday morning. However, the markets turned negative for the day as investors grew more cautious ahead of Powell's remarks. Despite Thursday's declines, both the S&P 500 and Nasdaq are holding on to weekly gains of 0.2% and 1.3%, respectively. The Jackson Hole Economic Symposium in Wyoming brings together central bankers and key financial officials from across the world. During last year's gathering, stocks fell following Powell's hawkish speech.

Persons: Jerome Powell's Jackson, Powell's, Dow, Powell, Zachary Hill, Jackson, Hill Organizations: New York Stock Exchange, Federal, Dow Jones, Nasdaq, Jackson, Horizon Investments Locations: Wyoming

☆ Asian shares sit tight ahead of Nvidia results, yields near highs
▼ + stars: | 2023-08-23 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

S&P 500 futures climbed 0.3% while Nasdaq futures rose 0.4%. Its blockbuster report last quarter fueled a rally in tech stocks and artificial intelligence hopes, propelling the S&P 500 this year. Shares of Nvidia hit an all-time high of $481.87 overnight, with options data showing traders are expecting a larger-than-usual swing in shares after the quarterly results. The Dow Jones (.DJI) fell 0.5%, the S&P 500 (.SPX) lost 0.3% and the Nasdaq Composite (.IXIC) added 0.1%. Financial shares underperformed, with the S&P 500 banks (.SPXBK) sliding 2.4%, after S&P joined Moody's to downgrade multiple regional U.S. lenders.

Persons: Issei Kato, Powell's Jackson, Nvidia NVDA.O, Stuart Humphrey, Humphrey, Dow Jones, Moody's, Treasuries, Thomas Barkin, Jerome Powell, Sam Holmes Organizations: REUTERS, Markets, Nvidia, SYDNEY, Nasdaq, Japan's Nikkei, JPMorgan, Financial, Richmond Fed, U.S ., Brent, . West Texas, Thomson Locations: Tokyo, Japan, Asia, Pacific, United States, U.S, China, Jackson Hole , Wyoming

☆ 4 reasons why investors should buy stocks now ahead of Nvidia earnings and Powell's Jackson Hole speech
▼ + stars: | 2023-08-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Investors should buy stocks ahead of Nvidia's earnings report and Fed Chair Jerome Powell's speech at Jackson Hole. "While rates could be pushing higher, equities are showing early signs of diverging from higher rates." Lee analyzed market performance in the week after Jackson Hole speeches, and found that stocks typically move higher, not lower. AdvertisementAdvertisementIn six of those seven instances, stocks gained in the week after Jackson Hole by 0.5%-5%. Given the hawkish shift in investor expectations, I think this would further support a rise in equities," Lee said.

Persons: Jerome Powell's, Jackson, Tom Lee, Lee, Powell Organizations: Service, Nasdaq, Federal, Treasury Locations: Wall, Silicon, Fundstrat

☆ US stocks surge as bond yields tumble amid signs of slowing growth in the US and Europe
▼ + stars: | 2023-08-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks surged more than 1% on Wednesday as the 10-year US Treasury rate tumbled 15 basis points. The decline in interest rates came after economic data showed a slowdown in US business activity earlier this month. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Meanwhile in Europe, private sector activity declined at the fastest pace since November 2020, according to data from S&P Global. Investors will be looking for any clues from Powell about the future direction of interest rates.

Persons: Jerome Powell's Jackson, Jerome Powell's, Powell Organizations: Service, P Global, Federal Reserve, Dow Jones Locations: Wall, Silicon, Europe

☆ Tom Lee says buy stocks now as 'August sloppiness' winds down
▼ + stars: | 2023-08-23 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Tom Lee recommends investors take a risk-on approach starting Wednesday as he expects markets will soon bottom. .SPX mountain 2023-07-31 SPX in August Lee thinks that equities are "showing early signs of diverging from higher rates," meaning stocks are sensing that rates could top out soon. "Our view is a calculated bet that stocks are rising, despite higher rates, because the stock market is sensing this turn that [Fundstrat technical strategist Mark] Newton believes could happen in the next week or two," Lee wrote. "In other words, we are saying the last push higher in rates will not proportionately hit stocks." "[Our] view is this will support the picture of a glide path to lower inflation and a softening labor market," Lee wrote.

Persons: Tom Lee, Lee, Jerome Powell's Jackson, Mark, Newton, Jackson Organizations: Fitch, Federal Locations: China

NEW YORK, Aug 23 (Reuters) - A recent spike in U.S. bond yields has come alongside muted expectations for inflation, a sign to some bond fund managers that economic resilience and high bond supply are now playing a larger role than second-guessing the Federal Reserve. Bond yields, which move inversely to prices, tend to rise in an inflationary environment because inflation erodes the value of a future bond payout. But while higher moves in bond yields in the last several months were often driven by investors pricing in higher interest rates as the Fed sought to tame rising inflation, expectations on the pace of price rises have moved lower in recent weeks. Long-term Treasury yields account for factors such as inflation expectations and term premiums, or what investors demand to be compensated for the risk of holding long-term paper. A recent string of strong economic data despite higher interest rates has strengthened investor beliefs that interest rates will remain higher for longer, even if inflation is tamed.

Persons: Jerome Powell, Jackson, Bond, ”, Calvin Norris, John Madziyire, Anthony Woodside, “, Aegon's Norris, Davide Barbuscia, Megan Davies, Anna Driver Organizations: Federal Reserve, Federal, Aegon Asset Management, Investors, Bank of Japan, BMO Capital Markets, Treasury, Securities, Reuters, Fed, Thomson Locations: U.S, America

☆ Morning Bid: Skyrocketing yields in the spotlight
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsA look at the day ahead in European and global markets from Tom WestbrookBond selling extended on Tuesday to drive 10-year Treasury yields to fresh 16-year highs in Asia trade and leave already-nervous stock markets cautious. But it isn't inflation, as inflation expectations have hardly budged -- investors are plainly demanding a higher return to keep on buying the stuff. Some analysts have drawn attention to the coincidence of timing between the selloff and the Bank of Japan's signal that it would allow 10-year Japanese yields as high as 1%. Small beer on the data calendar on Tuesday will keep the focus on yields and on Fed Chair Jerome Powell's Jackson Hole speech on Friday. The yen took a small boost on the risk of intervention after Bank of Japan Governor Kazuo Ueda met with Prime Minister Fumio Kishida.

Persons: Dado Ruvic, Tom Westbrook Bond, Jackson, Jerome Powell's Jackson, HSI, Thaksin Shinawatra, Kazuo Ueda, Fumio Kishida, Ueda, Shri Navaratnam Organizations: REUTERS, Bank of, BHP Group, Bank of Japan, Reuters, Better, Thomson Locations: Asia, Shanghai, Hong Kong, China, Bangkok

☆ Don't expect Fed Chair Powell to adjust the inflation target, says Mohamed El-Erian
▼ + stars: | 2023-08-21 | 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 EmailDon't expect Fed Chair Powell to adjust the inflation target, says Mohamed El-ErianMohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins 'Squawk on the Street' to discuss what investors are likely to hear from Powell's Jackson Hole speech, any changes to the inflation target, and his thoughts on China's economy.

Persons: Powell, Mohamed El, Erian Mohamed El, Powell's Jackson Organizations: Erian, Allianz, Gramercy, Queens ' College , Cambridge

☆ This market is not the dot-com crash or the financial crisis. Here's how to play it
▼ + stars: | 2022-09-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +21 min

The S & P 500 never really got out of control back then — and, relative to bonds, it didn't either. The Fed chairman, correctly, feared the economy was going to crash, and he would have been right. I think that's certainly how people act. I think that most participants have decided there's no hope and they are using an analogue that's 2000-2001 (dot-com bubble bursting) or even 2007 (before the financial crisis and the Great Recession). Autos have been hurt by supply chain but I think that's coming to an end.

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