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☆ Treating China as ‘un-investable’ would be ‘wide of the mark,’ JPMorgan strategist says
▼ + stars: | 2024-02-13 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

"I don't think you can treat the world's second-largest economy as either an alternative investment or un-investable, that would be wide of the mark," Bilton said. Uncertainty around monetary policy and a shrinking labor force are further causes for concern, Bilton noted. Some analysts saw this as potential dovish policy shift from the PBOC, which has appeared reluctant to take measures that could boost the struggling economy. Financial bodies including the International Monetary Fund have called for further monetary policy reforms since then. IMF Managing Director Kristalina Georgieva told CNBC this week that China had been advised to make use of more of its available fiscal and monetary policy space.

Persons: Raul Ariano, John Bilton, CNBC's, Bilton, Kristalina Georgieva Organizations: Bloomberg, Getty, JPMorgan Asset Management, People's Bank of, International Monetary Fund, IMF, CNBC Locations: Yuyuan, Shanghai, China, People's Bank of China

☆ Wall Street sees a better backdrop for IPOs. Great news for these 2 portfolio stocks
▼ + stars: | 2024-02-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Wall Street is forecasting a better backdrop for companies that want to go public. While lower rates can stoke the IPO market, fewer rate cuts because the economy remains strong with cooling inflation should still be viewed as favorable. The IPO market and mergers and acquisitions (M & A) activity started to sour when the Fed began hiking interest rates back in March 2022. A strong IPO market overall is expected to also benefit burgeoning biotechnology firms, which would mean more business for Danaher. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: That's, Goldman Sachs, Goldman, Morgan Stanley, Danaher, Morgan, Morgan Stanley didn't, Ted Pick's, Jim Cramer, Morgan Stanley's, Raymond James, —, Jim Cramer's, Jim, Brendan Mcdermid Organizations: Federal, stoke, UST, Goldman, Fed, Companies, IB, Danaher, Biotech, Silicon Valley Bank, CNBC, Traders, New York Stock Exchange Locations: U.S, Silicon

☆ Dollar oscillates on less dovish Fed comments; China inflation data awaited
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: +3 min

In this photo illustration, a person is seen holding 100, 50, and 5 US dollar bills in his hand. The U.S. dollar was trading in a tight range on Thursday as traders digested less dovish remarks from policymakers overnight and looked ahead to fresh economic data from the United States. Attention was also on inflation data out of China in the Asian morning amid concerns about deflation in the world's second-largest economy. Forecasts suggest mixed signals, with year-on-year consumer price deflation expected to have intensified in January but month-over-month prices up at the fastest pace in a year. The offshore Chinese yuan was down 0.11% to $7.2036 per dollar ahead of the data.

Persons: Susan Collins, Tony Sycamore, Sterling, Wei Liang Chang Organizations: U.S, Boston, Traders, IG, Bank of, DBS Locations: United States, China, Asia

☆ Stock futures are flat in overnight trading, S&P 500 on the brink of 5,000: Live updates
▼ + stars: | 2024-02-07 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Stock futures were little changed in overnight trading Wednesday after the S&P 500 finished the regular session on the brink of the 5,000 milestone. S&P 500 futures and Nasdaq 100 futures were both flat. Disney shares surged about 6% in after hours trading as the media giant beat quarterly earnings estimates and raised its guidance amid its cost-cutting effort. The S&P 500 climbed 0.8% to 4,995.06 Wednesday, as the rally led by technology chugged along. Big Tech Meta Platforms surged another 3% Wednesday, while Nvidia and Microsoft rose about 2% each to fresh record highs.

Persons: Arm, Adam Crisafulli Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Disney, Big, Nvidia, Microsoft, Dow

☆ Battle-tested bull: S&P 500 plows through obstacle course of worries to new high
▼ + stars: | 2024-02-03 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500' s latest run to a record high last week took it through an obstacle course of macroeconomic and company-specific hazards. Stocks are not at all cheap, with the S & P 500 at 20-times year-ahead earnings, which probably will mute multi-year returns. The median S & P 500 stock is flat year to date, is up 13% over the past three months, has gained 30% off its 52-week low and is within 8% of its 52-week high. On Friday, even as a majority of stocks fell with the S & P 500 gaining 1%, there were 175 NYSE new 52-week highs compared to 54 new lows. Here are the equal-weighted industrial and consumer-discretionary sectors compared to the equal-weight S & P 5600 since just after the bear-market low in October 2022.

Persons: Stocks, Craig Johnson, Piper Sandler, it's, Steve Deppe, Jobs, Jerome Powell, Friday's, Henry McVey, KKR's, Keith Lerner Organizations: Treasury, Wealth Management, Meta, Microsoft, Truist, Equity Locations: Meta, handicapping

☆ Apple is losing momentum ahead of earnings, reducing chances of a breakout, according to the charts
▼ + stars: | 2024-02-01 | by ( David Keller | ) www.cnbc.com time to read: +4 min

Of the mega-cap growth stocks, Apple (AAPL) has certainly been a bit of a technical outlier in recent months. That downtrend in Q2 began with a gap below the 50-day moving average in early August and continued with a number of failed attempts to regain that 50-day moving average on the way down. Chart suggests exhaustion Over the last three months, Apple has basically bounced back and forth between retests of the July high of around $198 and the 200-day moving average. This bearish momentum divergence suggests exhaustion of upside momentum and leaves me skeptical of further upside here. Key levels to watch include the 200-day moving average around $182, as well as the January swing low around $180.

Persons: AAPL, I'm, we've, it's, David Keller Organizations: Apple, Nvidia, Meta, David Keller https

☆ Dollar hovers near 7-week high as Fed cut bets shift to May
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: +3 min

In this photo illustration, a person seen holding a 100 US dollar bill in his hand. The dollar has been buoyed by U.S. economic data suggesting the Fed can wait longer before cutting interest rates. Powell gave the currency another push overnight by calling a cut in March "not the base case." Traders are now pricing in a 38% probability the Fed will cut rates in March, down from 59% ahead of the Fed decision. Against Japan's currency, the dollar drifted 0.06% lower to 146.81 yen , adding to Wednesday's 0.47% decline.

Persons: Jerome Powell, Powell, Hogan, Riley, Sean Callow Organizations: Federal, Treasury, U.S, New, Bancorp, Fed, Traders, New York Community Bancorp, Investors, UST, Westpac, U.S . Locations: U.S, New York

☆ The Fed won't cut rates until after the 2024 election, Santander chief economist says
▼ + stars: | 2024-02-01 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

The Fed won't cut rates until after the 2024 election, Santander's chief economist told Bloomberg. That's because inflation is likely to remain stubborn and cutting rates closer to the election date could be controversial. But according to Stanley, inflation numbers won't look as strong this year as they were toward the end of last year. But introducing the first rate cut closer to election day is trickier, and could be construed as a boost to incumbent president Joe Biden. And Stanley argued that based on their comments at the January meeting, the Fed doesn't seem close to being convinced about an early rate cut.

Persons: Santander's, —, Stephen Stanley, Stanley, We've, Joe Biden, Donald Trump, Jerome Powell's Organizations: Bloomberg, Service

☆ Wall Street has adjusted its expectations for when the Fed starts cutting rates
▼ + stars: | 2024-02-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Traders have moved out the probability of a March easing from around 90% in recent weeks to a coin-flip in the days leading up to this week's Federal Open Market Committee meeting to about a 1-in-3 chance Thursday. That's not to say the market still doesn't think the committee will cut rates sharply this year, but any dialing back now probably won't come quite as soon as expected. For the most part, Wall Street commentary showed an expectation that the Fed will cut at least four times this year, likely beginning in either May or June. "As inflation falls, real rates become more restrictive, and we think gaining consensus to cut will be easier." Most of Wall Street expects the FOMC to skip November, as the meeting falls the same week as the U.S. presidential election.

Persons: Jerome Powell, That's, Matthew Luzzetti, FOMC, Morgan Stanley, Ellen Zentner, Goldman Sachs, Goldman, Powell, David Mericle, Michael Gapen, Marc Giannoni, — CNBC's Michael Bloom Organizations: Traders, Deutsche Bank, Dow Jones, Fed, Wall, U.S, Bank of America, Barclays

☆ Bank of England could be about to open the door to interest rate cuts
▼ + stars: | 2024-01-31 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | ReutersLONDON — The Bank of England is widely expected to hold interest rates steady at 5.25% on Thursday, but market observers will be closely watching voting patterns, projections and language for hints about future rate cuts. The labor market has shown signs of rebalancing, although the overall trajectory remains somewhat uncertain, while wage growth and services inflation have surprised the Bank's November projections substantially to the downside, Goldman Sachs economists noted on Sunday. "We expect the MPC to retain its data-dependent approach and reiterate that monetary policy 'will need to be sufficiently restrictive for sufficiently long'," Quadri said. Goldman sees a first 25 basis point cut in May, followed by further quarter-point increments at every meeting until the Bank rate reaches 3% in May 2025.watch now

Persons: Henry Nicholls, Goldman Sachs, Ibrahim Quadri, Swati, Catherine, Mann, Quadri, Goldman Organizations: Bank of England, Reuters LONDON, Monetary, MPC, Goldman Locations: City, London, Britain, British, U.K

☆ Gold set for monthly dip on rate caution; Fed in focus
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Spot gold edged 0.1% lower to $2,033.88 per ounce by 0513 GMT, after touching a two-week high of $2048.12 in the previous session. The chances of a March rate cut have dropped to 44% from about 90% a month ago. "With renewed hopes of a truce in Gaza, today's FOMC meeting runs the risk of disappointing doves and weighing on gold," said Simpson. Spot silver dropped 0.5% to $23.05 per ounce, platinum slipped 0.2% to $918.79, and palladium rose 0.2% to $977.67.

Persons: it's, Matt Simpson, Simpson, Jerome Powell Organizations: Co, Federal Reserve, Fed, Index, Traders, Treasury Locations: Bangkok, Thailand, U.S, Gaza

☆ Famed economist Claudia Sahm shares 2 things to watch for at the Fed policy meeting this week — and why the central bank should start cutting rates soon despite a seemingly strong economy
▼ + stars: | 2024-01-30 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

At its December meeting, Fed Chair Jerome Powell said the central bank could institute up to three 25-basis-point cuts this year. The first thing Sahm said to look out for is whether or not Powell makes clear that they will not cut rates at the March meeting. If he seems upbeat, it could indicate that the Fed is going to take a more dovish stance and cut rates on the earlier side. This would likely manifest via trouble in financial markets that then affects the real economy. They're taking some big risks in that they're talking about the real economy being resilient, and yet I don't think that's where — if the Fed causes a problem they're doing it in the real economy first," she said.

Persons: Jerome Powell, Claudia Sahm, Sahm, Powell, Stocks, — Organizations: Louis, Business, National Bureau of Economic, Fed Locations: St, Sahm

☆ Dollar keeps tight ranges ahead of Fed, jobs data
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: +3 min

A Chinese 100 yuan banknote, a 1 U.S. dollar bill and a 50 euro banknote are lying on a table. The dollar was steady in the Asian morning, with market participants moving cautiously ahead of the two-day FOMC meeting that kicks off on Tuesday. "I suspect that the FOMC meeting will not be as dovish as current market pricing suggests," said Matt Simpson, senior market analyst at City Index. The data will give another indication of whether the world's largest economy remains strong after the Fed's aggressive hiking campaign. Sterling was last trading at $1.2716, holding firm ahead of the Bank of England's monetary policy meeting this week.

Persons: Jerome Powell, Matt Simpson, hasn't, Sterling, Wei Liang Chang Organizations: U.S . Department of Labor, U.S ., Central Bank, Bank, DBS, Fed Locations: U.S

☆ Dollar steady in cautious start to busy data, Fed week
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: +3 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on December 15, 2023. The dollar started the week on a steady footing as investors took stock of U.S. economic data ahead of the Federal Reserve policy meeting this week, while escalating geopolitical tensions in the Middle East kept risk sentiment in check. But since then, strong economic data and pushback from central bankers have prompted traders to adjust expectations. Beyond the Fed, investors will also watch for a slew of economic data including a U.S. payrolls report that will help gauge the strength of labor market. Elsewhere, the Australian dollar rose 0.21% to $0.659, while the New Zealand dollar gained 0.18% to$0.610.

Persons: Marc Chandler, Chandler, Jerome Powell, Paul Mackel, Sterling, Joe Biden, bitcoin Organizations: Federal Reserve, Fed, Federal, HSBC, Bank of England, U.S, New Zealand Locations: Buenos Aires, Argentina, U.S, Bannockburn, Jordan, Syrian, Iran, Israel

☆ It's too soon for the Fed to be taking a dovish tilt, says Verdence Capital’s Megan Horneman
▼ + stars: | 2024-01-29 | 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 EmailIt's too soon for the Fed to be taking a dovish tilt, says Verdence Capital’s Megan HornemanMegan Horneman, Verdence Capital Advisors CIO, joins 'Squawk Box' with the latest market trends ahead of opening bell on Monday.

Persons: Verdence, Megan Horneman Megan Horneman Organizations: Fed, Verdence

☆ This week will make it clearer if the Fed will cut interest rates in March
▼ + stars: | 2024-01-28 | by ( Bryan Mena | ) edition.cnn.com time to read: +11 min

Washington, DC CNN —A slew of economic news this week will make it much clearer if the Federal Reserve will cut interest rates in March. The Labor Department is due to release four crucial assessments of America’s job market, gauging labor demand, wage growth, productivity and hiring. Wages and the Fed on Wednesday: The day after, the Labor Department releases its Employment Cost Index for the fourth quarter, a comprehensive measure of employers’ labor costs. The US Labor Department releases December data on job openings, quits, hires and layoffs. The US Labor Department releases its Employment Cost Index for the fourth quarter.

Persons: that’s, ”, Christian Scherrmann, Jerome Powell, ” Michael Feroli, “, ” Feroli, Powell, Alicia Wallace, Joe Brusuelas, Jerome Powell’s Organizations: CNN Business, Bell, DC CNN, Federal Reserve, Labor Department, DWS, Labor, Survey, Fed, Employers, PCE, Federal, Commerce Department, RSM, Whirlpool, Microsoft, UBS, HCA Healthcare, General Motors, Cleveland Cliffs, Mondelez International, JetBlue Airways, Global, US Labor Department, Board, National Bureau of Statistics, Novo Nordisk, Mastercard, Novartis, Boeing, ADP, Nasdaq, Nomura Holdings, Apple, Shell, Honeywell, Deutsche Bank, Clorox, Quest Diagnostics, United States Steel, Bank of England, P Global, Institute for Supply Management, Exxon Mobil, AbbVie, Regeneron Pharmaceuticals, University of Michigan Locations: Washington, Marathon, Cleveland, Chevron

☆ Cramer: Earnings take center stage this week, but don't sleep on the Fed and Treasury
▼ + stars: | 2024-01-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

It's ironic: We are at a moment where supply of money and demand for goods are intersecting. We have two markets: the Treasury market and the equity market, with the first more powerful than the second, even if we can't tell that in the scrum of earnings announcements. If the Fed signals more rate cuts, then we will be set up for higher stock prices if the companies deliver good earnings. The possibility of higher earnings so far has been controlled by supply and demand and the disinflation it is breeding, which may continue this week. Hence the power of their earnings to generate the mask of a higher market price-to-earnings ratio.

Persons: We've, Josh Frost, —, disinflation, Tesla, Amy Hood, McCormick, Costco's Kirkland, Jerome Powell doesn't, Price, it's, Dupont —, Dupont, Josh Frost —, Jim Cramer's, Jim Cramer, Jim, Jerome Powell, Brendan Mcdermid Organizations: Treasury, Federal Reserve, Devices, Microsoft, Apple, Financial Markets, Nvidia, Google, Walmart, Starbucks, Fed, Caterpillar, Boeing, Jim Cramer's Charitable, CNBC, New York Stock Exchange

☆ American consumers won't save the economy in 2024 and their wild holiday spending spree was a 'last hurrah', Wells Fargo says
▼ + stars: | 2024-01-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmerican consumers won't be able to prop up the US economy forever, and their wild spending spree over the holiday season was likely a "last hurrah," according to Wells Fargo. The job market also looks poised to keep softening, especially if the Fed chooses to keep interest rates higher-for-longer. "We do not believe that good holiday sales mean the spending strength will continue into and through the middle of this year." Strong consumer spending is believed to have propped up growth for much of 2023 as the Fed aggressively raised interest rates to control inflation.

Persons: —, Wells, Scott Wren, Macquarie Organizations: Service, Business, Retail, National Federation of Independent Business, Philadelphia Fed, Wells Fargo, Wall, Fed Locations: Wells Fargo

☆ Gold slips as strong U.S. data dampens Fed rate cut bets
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: +2 min

Gold prices have increased since the Ukraine War but have soared to record highs since the start of the Hamas-Israel war. Other factors are the weakening US dollar and expected rate cuts from the Federal Reserve. Gold prices inched lower on Wednesday as strong U.S. economic data doused hopes for early interest rate cuts by the Federal Reserve, while investors awaited a slew of economic reports this week. "Recent economic data out of the U.S. has called for some recalibration in dovish market rate expectations, with some pushback on the timeline for Fed rate cut weighing on gold's appeal," said IG market strategist Yeap Jun Rong. Traders are pricing in five quarter-point Fed rate cuts in 2024, down from six cuts two weeks ago.

Persons: Yeap Jun Rong, Rong Organizations: Federal Reserve, Treasury, Traders, Fed Locations: Birmingham, England, Ukraine, Israel, dovish, U.S

☆ Treasury yields pull back as big economic data releases come into view
▼ + stars: | 2024-01-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

ET, the yield on the benchmark 10-year Treasury note was down by around 3.7 basis points at 4.1050% and the yield on the 30-year Treasury bond slipped 3.7 basis points to 4.3418%. U.S. Treasury yields were lower on Wednesday morning as investors brace themselves for two key pieces of economic data in the second half of the week. Two significant pieces of economic data are on the slate this week: a preliminary fourth-quarter gross domestic product growth figure is due on Thursday, followed by the Commerce Department's closely watched personal consumption expenditures price index for December on Friday. Both data points will inform the Federal Reserve as it maps out when and by how much to begin cutting interest rates, which will be a key factor in determining the path of markets and the economy this year. Auctions will be held for $60 billion of 17-week Treasury bills, $61 billion of 5-year notes and $28 billion of 2-year FRNs (floating-rate notes).

Persons: Jim Reid, Bullard, Reid, that's Organizations: Treasury, U.S, Commerce, Federal Reserve, Deutsche Bank's, Global, Bank of Canada, European Central Bank, St Louis Fed, PMI

☆ Bank of Japan expectedly retains its ultra-loose policy, cuts core inflation estimate
▼ + stars: | 2024-01-23 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

Bank of Japan governor Kazuo Ueda gestures as he speaks during a press conference following a monetary policy meeting at the Bank of Japan's headquarters in Tokyo on July 28, 2023. The Bank of Japan on July 28 eased its grip on its ultra-loose monetary policy in a small step towards normalisation as inflation accelerates and the yen comes under pressure against other major currencies. (Photo by JIJI Press / AFP) / Japan OUT (Photo by STR/JIJI Press/AFP via Getty Images)The Bank of Japan expectedly retained its ultra-loose monetary policy at its first meeting this year, while cutting its core inflation forecast for the next fiscal year. All the economists surveyed by Reuters expected the Japanese central bank to maintain its negative rate policy this month — making the BOJ the world's only central bank with negative rates. The central bank also marginally increased the core CPI inflation estimate for fiscal 2025 to 1.8% from 1.7% forecast earlier.

Persons: Kazuo Ueda, Bank of Japan expectedly, BOJ Organizations: Japan, Bank of Japan's, The Bank of Japan, JIJI Press, Getty, Bank of Japan, Reuters Locations: Tokyo, AFP, Japan

☆ Dollar struggles to retain gains even as March rate cut odds recede
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: +3 min

Japan's yen was the notable mover in otherwise quiet trading, as it tiptoed away from Friday's one-month low of 148.80. San Francisco Federal Reserve Bank President Mary Daly on Friday said she believes the U.S. economy and monetary policy are in a "good place" and it is premature to think rate cuts are imminent. Short-term interest rate futures market show traders are betting interest rate cuts will start in May, with the probability of a March cut dropping below 50%, down from near 80% in the first weeks of January, according to CME Group data. "The USD holds a fair relationship with the evolving implied pricing for a March Fed cut, where rate cut probability falls the USD rallies, and vice versa," he wrote. Much of the gains have come from investor bets on Fed rate cuts.

Persons: dovish, Mary Daly, Chris Weston, Pepperstone Organizations: U.S, of Japan's, Federal Reserve, San Francisco Federal Reserve Bank, Group, NatWest Markets, European Central Bank, ECB Locations: Japan, Europe, U.S

☆ How our banks Morgan Stanley and Wells Fargo performed against peers this earnings season
▼ + stars: | 2024-01-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Here's how our financial names, Morgan Stanley and Wells Fargo, stacked up against their peers. Morgan Stanley reported a fourth-quarter exceeded estimate on adjusted earnings-per-share (EPS) of $1.13, excluding a few one-time charges. MS YTD mountain Morgan Stanley (MS) performance year-to-date On earnings day last week, Morgan Stanley shares came under pressure on CEO Ted Pick's conservative macro outlook and the firm's Wealth Management number. Money center banks Then, there are money centers and traditional lenders like Wells Fargo and JPMorgan Chase . Overall, the quarter didn't discourage our long-term bull case on Wells Fargo as a multiyear recovery play.

Persons: Morgan Stanley, Wells, Morgan, Goldman Sachs, Ted Pick's, Jim Cramer, Jim, Morgan Stanley's, David Solomon, Jim mulled, we're, Wells Fargo's, We're, Jamie Dimon, Jim Cramer's, Brendan Mcdermid Organizations: Valley Bank, Management, Investment, Federal Deposit Insurance Corporation, Institutional Securities, Wealth Management, Investment Management, firm's Wealth, Investment Banking, Goldman's Investment, JPMorgan Chase, JPMorgan, CNBC, Traders, New York Stock Exchange Locations: Valley, Wells Fargo, Wells, Republic, New York City, U.S

☆ Premarket stocks: January’s turnaround could be a good omen for the year
▼ + stars: | 2024-01-22 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

New York (CNN) — US stocks rallied powerfully last week after a topsy-turvy start to the month. History indicates that if the market can cling to those gains, that could bode well for the rest of the year. But last week, all three major indexes turned positive for the year as tech stocks led the broader market higher. The January barometer, introduced in the Stock Trader’s Almanac, states that however stocks perform during January, their year-end performance will follow suit. That is good news for the 85 million homeowning households that enjoyed further gains in housing wealth, said Lawrence Yun, chief economist at NAR.

Persons: turvy, bode, Bell, Anna Rathbun, we’re, it’s, we’ve, Bryan Mena, ” Joanne Hsu, Anna Bahney, Lawrence Yun, Read Organizations: CNN Business, Bell, CNN, Dow Jones, Nasdaq, CBIZ Investment Advisory Services, The University of Michigan’s, National Association of Realtors Locations: New York

☆ A low-cost trade that wins if the S&P 500 breaks out and heads for 5,000 next
▼ + stars: | 2024-01-19 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

After a stuttering start to 2024, the S & P 500 has found its way into positive territory and the benchmark seems poised to establish a new all-time close Friday, surpassing the 4,800 level which served as resistance back in January of 2022. My optimism on U.S. equities is predicated on the continued strength of the U.S. consumer and our economy but, I believe the real reason for the S & P 500 to possibly run up and kiss 5,000 is because of the underinvested bears. SPY 5Y mountain SPDR S & P 500 (SPY), 5 years Investors will remain focused on continuous Fed messaging specific to the timing of the rate cuts in the wake of the Fed's telegraphed pivot from being hawkish to dovish in the fourth quarter. The trade: To reduce the cost of simply being long an at-the-money SPY call, I want to buy a call spread. DISCLOSURES: (Long SPY and long this call spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: TSM Organizations: Federal Reserve, Taiwan Semiconductor Locations: dovish, SOXX

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