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While Politics Rattle France, U.S. Markets Keep Rolling On
By Randall W. Forsyth While most investors were firmly focused on the U.S. markets, with the Federal Reserve's interest-rate decision, the latest inflation readings, and the steady, tech-led march to
Overseas major asset weekly report | Expected interest rate cut in September reignites US stock market, French stock market experiences largest decline in over two years, crude oil leads the commodity.
As inflation cools down, the US stock market continues to hit record highs, while French President Emmanuel Macron's "magic operation" triggers a dual kill of French stocks and bonds, and the price of gold has risen for the first time in four weeks. The US chip sector continues to lead the way.
Economists' Bullish View At Odds With Yield Curve
Is the U.S. economy heading for a hard or a soft landing?
The Trader: The Stock Market Doesn't Need Your Rate Cuts
The Federal Reserve refuses to concede victory in its battle against inflation -- but the stock market has other reasons to feel good about the future.
Don't Bet on Fed Rate Cuts. Do This Instead
Small-capitalization stocks are more sensitive to interest rates than their large-cap peers. When the Federal Reserve lowers rates, or even hints at it, lackluster small-cap names should surge, as lower interest expenses tend to goose their profits more than other stocks.
Goldman Sachs raises its target price for US stocks again, with the S&P 500 index up 7.7%.
Goldman Sachs strategist David Kostin's team has raised their year-end S&P 500 index forecast from the previously 5,200 points to 5,600 points, an increase of 7.7% in target price. The reason is that earnings down revisions are below average levels and they now see higher price-earnings multiples as reasonable. In a report to clients on Friday, Kostin and others said: Our 2024 and 2025 earnings estimates remain unchanged, but the excellent profit growth of the five large technology companies offset the typical pattern of negative EPS revisions. Goldman Sachs strategists are putting the S&P