Jobless Claims Forecast to Decline From High Levels of Previous Week
Economists surveyed by FactSet forecast that 235,500 initial unemployment claims were filed for the week ended June 15. That would reflect a decrease from the previous week's 242,000, the highest level in 10 months.
Vanguard Says US Tech 'Euphoria' Can Break One or Two Ways
Joe Davis, chief economist and global head of investment strategy at Vanguard, says the valuation gap between tech and other stocks will narrow in the coming years. "I think we can see some modest deceleration in the tech sector, at some point it has to come," Davis says on Bloomberg Television. "But if the economy holds up, I think other parts of the market could catch up and I think that would be good news."
Goldman Sachs: It has indeed been a long time since the last adjustment, but the US stock market is not expensive.
Goldman Sachs pointed out that the last time the S&P 500 index fell by more than 2% in a single day was in December 2022. Since then, the US stock market has been on an overall upward trend and has continued for 376 days. Moreover, the US stock market is not currently in an 'overvalued' state, with the P/E ratio of the top 10 market cap stocks in the S&P 500 index being about 30 times, compared to about 47 times during the peak of the 2000 internet-related bubble.
No Stopping S&P 500's Record Rally as Nvidia Beats Microsoft| Wall Street Today
There's no stopping the S&P 500's record rally. As usual, the benchmark got a boost from Nvidia, which bumped off Microsoft as the world's most valuable company.
S&P 500 Notches Fresh Record as Nvidia Unseats Microsoft as Top Stock
The S&P 500 notched another intra-day record, as semiconductors continued to hog the limelight, with Nvidia bumping off Microsoft as the world's most valuable company.
Fed Watch: FOMC Officials Reiterate Patience, Data Dependence, Before Cutting Rates
Fed Governor Adriana Kugler (voter) said that it is possible that the FOMC could cut rates later in 2024 but said that currently inflation is too high and that further evidence that the recent improve
Fed's Kugler Sees Rate Cut This Year and Says Economy Is 'Moving in Right Direction'
Federal Reserve Gov. Adriana Kugler on Tuesday said "it will likely become appropriate" to cut U.S. interest rates later this year if the economy continues to slow and inflation wanes as she expects.
Fed's Kugler Offers Four Reasons for Hope on Inflation -- WSJ
By Nick Timiraos Federal Reserve governor Adriana Kugler said she continued to anticipate it would be appropriate for the central bank to lower interest rates this year. Kugler offered four reasons
Fed's Collins Says Process of Lowering Inflation May Take Longer Than Expected
While recent inflation data has been "encouraging," the process of lowering inflation may take longer than expected, Boston Federal Reserve Bank President Susan Collins said Tuesday at the 2024 Annual
Nvidia executives cashed out more than $700 million! But unable to resist the long bull market of the most important stock on Earth.
Nvidia executives have reduced their shareholding by as much as USD 700 million since the beginning of this year, with more than one-third of the internal sales occurring after Nvidia's unparalleled performance announcement in May.
Retail-Sales Forecast Clouded by Inflation, Mixed Economic Data
May's retail sales report could indicate if inflation is curbing spending, or if the resilience consumers have shown -- surprising in its yearslong endurance -- will continue into the summer months.
Case for Fed to Cut in September: Rosner
Lindsay Rosner, Head of Multi-Sector Investing at Goldman Sachs Asset Management, says there is a case for the Federal Reserve to cut in September. She also sees elections, like those in France, to bring volatility to risk assets.
Apple, Microsoft Push S&P 500, Nasdaq to New Highs | Wall Street Today
The S&P 500 and Nasdaq resumed their rally to fresh all-time highs, buoyed by gains in tech giants Apple and Microsoft.
Verdence's Horneman: Cash Isn't Hurting Right Now
Verdence Capital Advisors CIO Megan Horneman joins Caroline Hyde to discuss what's behind the Magnificent Seven's rally, which sectors AI is going to impact and why it isn't such a bad idea to have some dry powder for the time being.
The S&P 500 Gets New Targets. Investors, Be on Your Guard
Equity strategists at the biggest banks are rushing to revise their S&P 500 targets higher for a market that keeps raging on.
The Divergence Beneath the Surface of the S&P 500 Has Reached Historic Extremes
By Joseph Adinolfi The gap between the large-cap index and its equal-weighted sibling reached a notable milestone last week As Big Tech stocks pushed higher last week while the rest of the market la
S&P 500, Nasdaq Reach New Records, Buoyed by Apple, Microsoft
The S&P 500 and Nasdaq resumed their rally to fresh all-time highs, buoyed by gains in tech giants Apple and Microsoft.
Bond Yields Edge Higher as Kashkari Eyes December Rate Cut
Bond yields edged higher on Monday as a Fed official said interest rates aren't likely to be cut until the last month of the year.
Manufacturing Outlook in New York State at Highest Since 2022, Fed Data Shows
Companies across the state of New York are becoming more optimistic about their outlook, even as manufacturing stayed in contraction in June, according to the Empire State Manufacturing Survey released Monday morning.
Lagging US Small Caps Show Cracks Are Forming Beneath the Rally
US small cap stocks have underperformed larger peers as the Russell 2000 index diverged from the S&P 500 so far this month, reflecting growing concerns about the US economy as inflation remains sticky and the Fed keeps rates high. Bloomberg MLIV's Nour Al Ali joins "Bloomberg Markets Today" to discuss these themes.