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☆ Morning Bid: Big Tech litmus test as Fed gather
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +4 min

The wider blue-chip CSI 300 Index (.CSI300) snapped a six-day losing streak to pop 3% and buying from state banks propped the yuan. Both oil and Treasury yields gave back some of those gains again today, however, with year-on-year crude price declines still tracking more than 21%. There was little ostensible reaction to the formal rebalancing of the Nasdaq 100 (.NDX) index that pared weightings of several of the big caps to reduce "over-concentration". The approach of Wednesday's Fed decision may limit market moves until then. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, sagged, Dow Jones bluechips, Alphabet's, Clark, Chubb, Paccar, Sherwin, Williams, Archer, Ed Osmond Organizations: Big Tech, Microsoft, Federal Reserve, European Central Bank, ebbing, Nasdaq, Google, Texas, NextEra Energy, Visa, GE, GM, Dow, Verizon, Universal Health, Daniels, Richmond Fed, Philadelphia Fed, Federal, Market, Monetary Fund, Treasury, Reuters, Thomson Locations: U.S, Hong, Europe, China, Danaher, Corning, Kimberly, Biogen, Dover, Nucor, Midland

☆ Jerome Powell says the Fed is still 'very far' on inflation
▼ + stars: | 2023-06-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Fed Chairman Jerome Powell testified before the House, central bank nominees are talking to the Senate, and the Washington Wizards traded away their star hooper. Powell spoke before the House Financial Services Committee yesterday following 10 consecutive interest rate hikes and one rate "skip" that the Fed chief made sure to clarify wasn't a "pause." "Given how far we've come, it may make sense to move rates higher but to do so at a more moderate pace," Powell said Wednesday. So far, the economy has been more resilient than expected, even as the fed funds rate hovers in the 5% to 5.25% range. US stock futures fall early Thursday, after Federal Reserve Chair Jerome Powell said more rate hikes are likely ahead.

Persons: I'm Phil Rosen, Jerome Powell, hooper, Anna Moneymaker, Powell, that's, Patrick McHenry, Tesla, Goldman Sachs, there's, Julia La Roche, Ed Yardeni, isn't, BofA's Savita Subramanian, Apple isn't, Read, Phil Rosen, Jason Ma, Hallam Bullock, Nathan Rennolds Organizations: Senate, Washington Wizards, Financial Services, Fed, Nvidia, Apple, Business, Federal, Accenture, Volex, Bank of America, . Locations: New York, Los Angeles, London

☆ It was a great week for the economy
▼ + stars: | 2023-06-17 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

New retail sales numbers, inflation, and a pause in rate hikes point to a strong week in the economy. All of this good news contributes to an economy that gave the Federal Reserve the confidence to skip its string of interest rate hikes this month. Interest rates skip hike as economy continues growingThe Federal Open Market Committee (FOMC) held interest rates steady at its Wednesday meeting, putting a pause on the Fed's 10 consecutive increases in 15 months. It all means Americans feel confident the economy is headed in the right directionAmericans are feeling better about the economy as well. Overall, this week's data shows the US economy is still going strong, even amid concerns over potential interest rate hikes later this year.

Persons: —, That's, Price, Jerome Powell Organizations: Service, Federal Reserve, Commerce Department, Consumers, AAA, Labor Department, CPI, of Economic Advisers, of Labor Statistics, The Labor Department, Market, Fed, University of, Federal Reserve Bank of New, Federal Reserve Bank Locations: –, New York, Federal Reserve Bank of New York

☆ Cramer explains how four different camps of buyers see mixed messages in the Fed's rate strategy
▼ + stars: | 2023-06-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday explained four different schools of thought in examining the mixed messages they took from Wednesday's Federal Reserve meeting. Cramer noted that the first camp of buyers believe the Fed's bark is worse than its bite and don't think it will end up hiking rates to the point of recession. These buyers, according to Cramer, are investing in industrial companies that do well in a bustling economy. Cramer believes these buyers would be wise to invest in Big Pharma because the industry is "more or less recession-proof." "When you put these four, often contradictory, groups of buyers together, you can get a magnificent run across the board like we had today," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Eli Lilly, Johnson Organizations: Wednesday's Federal, Fed, Big Pharma Locations: Cava

☆ Stocks are at a new high, but Wall Street’s fear gauge is raising eyebrows
▼ + stars: | 2023-06-13 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Since the VIX normally is used as a "fear gauge", he noted that was unusual, and asked what might have caused that. Remember, it is a measure of near-term (30-day) activity for S & P 500 put and call options. However, the put/call ratio has been low recently, between 0.7 and 0.8, as traders have been buying calls, betting the market will keep rising. Eric Johnston at Piper Sandler agrees: "The call buying has been very strong as investors chase upside," he told me. The recent events are that the market is rising, so the urge to buy protection declines: "When institutions get nervous, they seek protection in VIX.

Persons: Joe Zicherman, Tuesday's, Matt Maley, Miller Tabak, There's, Mike O'Rourke, O'Rourke, Eric Johnston, Piper Sandler, it's, Danny Kirsch, Steve Sosnick Organizations: Fed, Jones, Interactive Brokers Locations: VIX

☆ Cramer says don't be complacent ahead of Fed meeting: 'I do not trust a benign market like this one'
▼ + stars: | 2023-06-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

"No surprise to regular viewers, I do not trust a benign market like this one," Cramer said. On Monday, Cramer will be watching out for software company Oracle 's report, which is expected after market's close. Cramer asked, "Because they don't want to lose those low mortgages they got over the last five years." Wednesday will bring news from the Fed, and Cramer isn't convinced Chairman Jay Powell has completely lost his hawkish streak. Friday will hopefully bring investors more clearly into the minds of consumers, Cramer said, with the release of the University of Michigan Consumer Sentiment index.

Persons: CNBC's Jim Cramer, Cramer, market's, Cramer isn't, Jay Powell, Lina Khan, we've, —, Wall Organizations: Oracle, Kroger, Albertsons, Federal Trade, University of Michigan, Fed Locations: Florida

☆ Shares rise, dollar weakens on bank sector fears
▼ + stars: | 2023-05-05 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

SINGAPORE, May 5 (Reuters) - Asian stocks rose, the dollar eased and gold hovered around its record highs on Friday, as jittery investors remained nervous about the U.S. banking sector following another rout in shares of regional lenders. Wall Street ended lower on Thursday after Los Angeles-based PacWest Bancorp's (PACW.O) move to explore strategic options deepened fears about the health of U.S. lenders as pressure grows on regulators to take more steps to shore up the country's banking sector. Shares of U.S. regional banks sank this week in the wake of the collapse of First Republic Bank over the weekend that has brought back fears of a financial sector crisis. The Federal Reserve on Wednesday raised interest rates by 25 basis points, but hinted that its marathon hiking cycle may be ending. China shares (.SSEC) rose 0.21%, while Hong Kong's Hang Seng index (.HSI) was up 0.6%, helping lift the region's shares.

☆ How Jim Cramer's 'own it; don't trade it' stance on Apple paid off in a hectic market week
▼ + stars: | 2023-05-05 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Jim Cramer has held the same "own it; don't trade it" trading philosophy on Apple for some time now and this week showed that patience in action, he said Friday. Cramer has been banging the drum about four main hurdles in the market right now: Wednesday's Fed meeting, Friday's jobs report, the debt ceiling and Apple earnings. This week, Cramer's patience worked with Apple, he said. The company posted top- and bottom-line beats for the fiscal second quarter, thanks to stronger-than-expected iPhone sales. "I refuse to be shaken out of the world's best company by one errant component supplier, or a couple of joker-brokers, who say, 'Hey, things have gotten weaker,'" Cramer said.

☆ Homebuilder ETFs could get another boost if the Fed stops after one more rate hike
▼ + stars: | 2023-05-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Mortgage rates are tied indirectly to the Fed through the yield on the 10-year Treasury note, and could still move around while the central bank is paused. The ETFs that track the industry have already outperformed this year, rebounding from dramatic declines in 2022. The rapid Fed rate hikes last year appeared to spook consumers, who saw their future monthly payments climb sharply just while they were in the midst of searching for new homes. ITB YTD mountain Homebuilder ETFs like the ITB have outperformed in 2023. And a relatively stable interest rate outlook should make it easier for the homebuilders to hit those raised estimates, according to their own executives.

☆ Wednesday, May 3, 2023: Cramer says these stocks are buys after reporting earnings
▼ + stars: | 2023-05-03 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Wednesday, May 3, 2023: Cramer says these stocks are buys after reporting earningsJim Cramer and Jeff Marks preview Wednesday's Federal Reserve decision on interest rates. Jim insists Club members do not sell one stock in the portfolio even though it is surging. Jim also runs the gamut on several Club stocks after reporting earnings, some of which he says are buys right now.

☆ Investors all face the same four hurdles right now, Jim Cramer says
▼ + stars: | 2023-05-02 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

There are four main hurdles all investors have to navigate right now, but anyone who does so effectively will see a payoff, Jim Cramer said on Tuesday. Cramer expects the crisis to be resolved in due time, but there could be a hangover for the market over the next few weeks. Apple's stock has moved dramatically, and the quarter will likely need to be stellar for it to keep moving the same way, Cramer added. "Now, all of these issues would be much easier to put to bed if stocks were lower, and that's what's happening," Cramer said. "It's not a bear market, just an interlude, and you have to recognize these four hurdles are a gauntlet, a real gauntlet, that must be traversed."

☆ Tuesday, May 2, 2023: Cramer exits this tech position
▼ + stars: | 2023-05-02 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Tuesday, May 2, 2023: Cramer exits this tech positionJim Cramer and Jeff Marks preview Wednesday's Federal Reserve decision and several economic data releases this week. Jim shares why he is exiting a tech position in the portfolio and says the move reflects their desire to shed a laggard and caution ahead of four possible landmines for the market, including the debt ceiling. Jim also breaks down why now is not the right time to buy one Club stock set to report earnings today after the closing bell.

☆ The Street awaits key inflation report next week as banking worries persist
▼ + stars: | 2023-03-25 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

The personal spending and income report, out this coming Friday, has the Federal Reserve's preferred measure of inflation: the core personal consumption expenditure (PCE) price index. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. It was a positive week for the major averages, despite some midweek volatility driven by comments from Treasury officials. The PCE price index and other inflation reports face heightened scrutiny in the coming months as the market is becoming more at odds with the Fed's base case. ET: Gross Domestic Product; Price Index Friday, March 31 Before the bell: 8:30 a.m.

March 22 (Reuters) - U.S. authorities are set to explore ways to bolster financial stability, along with steps to tackle the problems facing First Republic Bank, as central banks assess whether turmoil in banking makes interest rate rises less pressing. SVB's collapse kicked off a tumultuous 10 days for banks which led to the 3 billion Swiss franc ($3.2 billion) Swiss engineered takeover of Credit Suisse by rival UBS (UBSG.S). While that deal brought some respite to battered banking stocks, U.S. lender First Republic (FRC.N) remains firmly in the spotlight. Reuters Graphics Reuters Graphics'HEAD IN SAND'The wipeout of Credit Suisse's Additional Tier-1 (AT1) bondholders has sent shockwaves through bank debt markets. For now, the Swiss bank rescue appears to have assuaged the worst fears of systemic contagion, boosting shares of European banks (.SX7P) and U.S. lenders (.SPXBK).

But an unexpected jump in UK inflation last month led investors to bet heavily that the Bank of England will raise interest rates by at least another 25 bps on Thursday. SVB's collapse kicked off a tumultuous 10 days for banks which led to the 3 billion Swiss franc ($3.2 billion) Swiss regulator-engineered takeover of Credit Suisse by rival UBS. While that deal brought some respite to battered banking stocks, U.S. lender First Republic remains firmly in the spotlight. First Republic (FRC.N) shares fell 9% in extended trade on Tuesday, having surged as much as 60% at one stage. For now, the Swiss bank rescue appears to have assuaged the worst fears of systemic contagion, boosting shares of European banks (.SX7P) and U.S. lenders (.SPXBK).

☆ As the Fed meets on Wednesday after bank runs, a market analyst shares 4 key questions investors desperately need answered — and his prediction for how stocks will react
▼ + stars: | 2023-03-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Investors should pay attention to whether the Fed sees the bank collapses as deflationary. The fallout from Silicon Valley Bank and Credit Suisse crises could result in a credit crunch. The Federal Deposit Insurance Corporation (FDIC) has officially added Signature Bank and Silicon Valley Bank to the failed bank list after swooping in to save depositors. There's a growing view that the fallout from the Silicon Valley Bank and Credit Suisse crises could result in a credit crunch and create a deflationary environment. The bank expects rate hikes to resume in May, June, and July at 25 bp each for a fed's fund rate of 5.25 to 5.5%.

Over the weekend, UBS (UBS.N) agreed to buy rival Credit Suisse for $3.23 billion, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. U.S.-listed shares of Credit Suisse were down 58.4% in premarket trading and set to open at a fresh record low, while those of UBS were down 3.6%, as focus shifted to the hit to some Credit Suisse bondholders from the acquisition. "Investors are still worried about the banking industry, even though UBS has agreed to take over Credit Suisse. Regional bank First Republic Bank (FRC.N) was down 19.1% after paring some declines, while peer Western Alliance Bancorp (WAL.N) edged 0.7% lower. The S&P Banking index (.SPXBK) and the KBW Regional Banking index (.KRX) on Friday logged their largest two-week drop since March 2020.

☆ Fed will be more hawkish as they continue raising rates, says RiverFront's Kevin Nicholson
▼ + stars: | 2023-02-23 | 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 EmailFed will be more hawkish as they continue raising rates, says RiverFront's Kevin NicholsonKevin Nicholson, RiverFront Investment Group CIO of global fixed income, and Aoifinn Devitt, Moneta CIO, joins 'Squawk Box' to discuss the Wednesday's Federal Reserve minutes, the debate happening at the Fed and more.

☆ Watch CNBC's full interview with RiverFront's Kevin Nicholson and Moneta's Aoifinn Devitt
▼ + stars: | 2023-02-23 | 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 RiverFront's Kevin Nicholson and Moneta's Aoifinn DevittKevin Nicholson, RiverFront Investment Group CIO of global fixed income, and Aoiffin Devitt, Moneta CIO, joins 'Squawk Box' to discuss the Wednesday's Federal Reserve minutes, the debate happening at the Fed and more.

The central bank lifted its main funds rate by 25 bps to its highest since 2007 as it continued its fight against inflation. Yet the S&P 500 (.SPX) hit a five-month high, as traders focused resolutely on the idea that the world's most influential central bank would change course soon. Government bond markets meanwhile continued to price in rate cuts by year-end as the economic cycle turns. Over in Europe, the European Central Bank delivered a hefty 50 bps hike on Thursday and promised more of the same for March and beyond. "In terms of the impact of (central bank) hawkishness on markets," he added, "this has significantly softened."

☆ Jeremy Siegel: We will have a 'large decrease in rates' in the second half of the year
▼ + stars: | 2023-02-02 | 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 EmailJeremy Siegel: We will have a 'large decrease in rates' in the second half of the yearJeremy Siegel, Wharton School of Business professor, joins 'Squawk Box' to discuss the message from Wednesday's Fed announcement and more.

☆ Sooner or later, Fed may need technical tweaks for rate control toolkit
▼ + stars: | 2023-02-01 | by ( Michael S. Derby | ) www.reuters.com time to read: +4 min

The tweaks they envision are not shifts in the federal funds target rate, the central bank’s main tool for influencing the economy to achieve its job and inflation goals. Those two rates exist to keep the market-driven fed funds rate in the desired range. One, called the reverse repo rate, sets a floor underneath short-term rates, while another, which pays deposit-taking banks to park cash at the Fed, sets the high end. Those adjustments happened purely to ensure control of the fed funds rate, while this sort of move would speak more directly to bigger monetary policy concerns around managing the size of its $8.5 trillion balance sheet. Some in the market fear rate control toolkit tweaks might create unneeded headaches if done too aggressively.

☆ Fed rate hike prospects are reliant on non-farm payrolls, says Morgan Stanley's Seth Carpenter
▼ + stars: | 2023-02-01 | 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 EmailFed rate hike prospects are reliant on non-farm payrolls, says Morgan Stanley's Seth CarpenterSeth Carpenter, Morgan Stanley chief global economist, and Peter Boockvar, Bleakley Financial Group CIO, join 'Squawk Box' to discuss Europe's recent rate hike, market prospects for Wednesday's Federal Reserve announcement, and more.

☆ Dollar set for fourth monthly drop as Fed meeting looms
▼ + stars: | 2023-01-31 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

SINGAPORE, Jan 31 (Reuters) - The dollar was eyeing a fourth monthly loss on Tuesday as investors reckon a peak in U.S. interest rates could swing into view as soon as this week's Federal Reserve meeting. The U.S. dollar index is down 1.3% for January so far, though it rose 0.3% to 102.19 overnight. The Japanese yen fell 0.4% overnight but is set for its third monthly gain as markets anticipate shifts in monetary policy. Sterling and the Australian, New Zealand and Canadian dollars also made overnight losses but are set for monthly gains. Interest-rate futures indicate market expectations for a 25 basis point (bp) hike from the Federal Reserve to take the Fed funds rate window to 4.5%-4.75%.

☆ Monday, Jan. 30, 2023: Cramer says own these stocks if economy shows signs of slowing
▼ + stars: | 2023-01-30 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonday, Jan. 30, 2023: Cramer says own these stocks if economy shows signs of slowingJim Cramer and Jeff Marks break down why this week will be crucial for the markets with a full slate of earnings reports and Wednesday's Federal Reserve's rate decision looming. Jim says there are signs inflation is coming down, but cautions there are several stocks you will want to own in case the economy falters.

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