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- Last week, top-line GDP growth fell to an almost two-year low last quarter as government’s initial estimates of GDP increased only at 1.6% annualized rate, lower than economists’ forecasts.
- Meanwhile, the core PCE price index for 1Q rose more-than-anticipated at 3.7% (vs 2.0% prior).
- Initial jobless claims were surprisingly low at 207k for week ending Apr 20 (vs 212k prior), indicating near-term labor market resilience. Continuing claims decreased ...
- Meanwhile, the core PCE price index for 1Q rose more-than-anticipated at 3.7% (vs 2.0% prior).
- Initial jobless claims were surprisingly low at 207k for week ending Apr 20 (vs 212k prior), indicating near-term labor market resilience. Continuing claims decreased ...
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Real GDP Came In At 1.6% vs 2.5% Expected 🤯
That's down from 3.4% in Q4.
And was the lowest reading in two years.
Core PCE also came in at 3.7 vs the forecast of 3.4%.
Inflation remains sticky.
$Vanguard S&P 500 ETF(VOO.US$ $SPDR S&P 500 ETF(SPY.US$ $Tesla(TSLA.US$ $Microsoft(MSFT.US$ $NVIDIA(NVDA.US$ $Amazon(AMZN.US$ $Apple(AAPL.US$
That's down from 3.4% in Q4.
And was the lowest reading in two years.
Core PCE also came in at 3.7 vs the forecast of 3.4%.
Inflation remains sticky.
$Vanguard S&P 500 ETF(VOO.US$ $SPDR S&P 500 ETF(SPY.US$ $Tesla(TSLA.US$ $Microsoft(MSFT.US$ $NVIDIA(NVDA.US$ $Amazon(AMZN.US$ $Apple(AAPL.US$
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$SPDR S&P Biotech ETF(XBI.US$
Assumptions: Overall market is stable and not turning into bear market; US economy no recession; Better to start rate cut in 2024.
$Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$
Assumptions: Overall market is stable and not turning into bear market; US economy no recession; Better to start rate cut in 2024.
$Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$
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With recent turbulent changes on the world stage, it is difficult to predict what may happen. Conflict in the Middle East continues to escalate, while the Horn of Africa faces severe humanitarian crises. The resurgence of left-wing politics in Latin America is met with right-wing opposition, and economic and security challenges in Asia present a shifting landscape. The ongoing conflict between Russia and Ukraine remains unresolve...
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$UOB(U11.SG$ glad to go in big on sg banks during 2020 crash. still good price to enter especially since fed might even increase rate now with geopolitical uncertainty potentially causing high crude oil price and very sticky inflation.
Market is currently repricing Fed expectation of rate cuts this year, especially after Powell’s hawkish remarks yesterday.
We have gone from an expectation of 6 rate cuts, to 3, to now where some are questioning whether would there even be a rate cut this year.
There are even people saying that we could have a rate hike instead.
Mind F at its best 😂
Anyway, there’s always 2 sides to a coin. If the interest rate remains high, investors can continue to milk some returns from money market ...
We have gone from an expectation of 6 rate cuts, to 3, to now where some are questioning whether would there even be a rate cut this year.
There are even people saying that we could have a rate hike instead.
Mind F at its best 😂
Anyway, there’s always 2 sides to a coin. If the interest rate remains high, investors can continue to milk some returns from money market ...
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Following speeches by Fed Chairman Powell and European Central Bank President Christine Lagarde yesterday, the $USD(USDindex.FX$ recorded its strongest five-day rally since October 2022, climbing for the fifth consecutive day with an approximate 2% gain. The ongoing divergence in global monetary policies continues to leave its mark on the currency markets.
Fed Signals Longer Tightening of Monetary Policy
On Wednesday...
Fed Signals Longer Tightening of Monetary Policy
On Wednesday...
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The stock market overreacted to strong retail sales data. Unnecessarily so.
I believe that the Fed won't start cutting rates until there's a significant drop in stocks, regardless of the economic data coming in.
The good news is that the current downturn is not the beginning of a major collapse. The economy is strong, and there's still plenty of liquidity in the system and markets.
However, the spike in the VIX is concerning. The correction...
I believe that the Fed won't start cutting rates until there's a significant drop in stocks, regardless of the economic data coming in.
The good news is that the current downturn is not the beginning of a major collapse. The economy is strong, and there's still plenty of liquidity in the system and markets.
However, the spike in the VIX is concerning. The correction...
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I know…it sucks to even see this headline, I feel your pain.
US Federal Reserve Chair Jerome Powell and other top U.S. central bank officials have recently made it clear that interest rate cuts are not imminent. Powell emphasized that the current tight monetary policy needs to continue for a longer period to ensure inflation approaches the Fed’s target of 2%. Despite previous expectations of rate reductions this year, recent economic data showing persistent inflation has led t...
US Federal Reserve Chair Jerome Powell and other top U.S. central bank officials have recently made it clear that interest rate cuts are not imminent. Powell emphasized that the current tight monetary policy needs to continue for a longer period to ensure inflation approaches the Fed’s target of 2%. Despite previous expectations of rate reductions this year, recent economic data showing persistent inflation has led t...
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