So far all that talk about the recession. At least for a day.
Friday jobs report stronger than expected it immediately sparked more talk that the Fed will raise interest rates by 0.75 percentage point, not just 0.50 percentage point, when policymakers meet in September. As one economist said, the report “is too hot for the Fed.”
How does that reconcile with recent gloomy readings from purchasing managers? As Mark Hulbert explains, those they are a good predictor of company earnings, but not of what the stock market will do.
All of this puts even more focus on next Wednesday’s inflation report. That report will not reflect this week’s drop in CL.1 crude prices,
at less than $90 a barrel; will have to wait another month to see how that plays out.
Five key takeaways from this earnings season
More than 80% of the S&P 500 SPX,
companies have reported second quarter results, and turns out wall street was too worried. But inflation, the supply chain and weakening demand have continued to act as headwinds.
What happens now with the stock market?
In case good news is bad news, the S&P 500 was initially rocked by that strong jobs report. However, by noon he had recovered most of his losses.
This chart watcher says the S&P 500 is close to challenging a crucial bear market trend line.
The ‘Mooch’ weighs on the decline of bitcoin
New ideas for action selectors
the enviable treasury of cash is dwindling, and that’s surprisingly good news for the stock price.
This Amazon deal is raising privacy fears
“Homes were their last data sanctuary,” says an investor — but what will your Roomba IRBT do,
now tell Amazon AMZN,
about your house?
A State-by-State Guide to Buying Tax-Free Back-to-School Items
Is your state among the Offer a tax exemption?
Discuss this: Should workers have time off when a pet dies?
“We’re on the cusp” of pet bereavement leave becoming a standard benefit, says a human resources consultant.
‘We want to travel the world. Is it worth buying a house now?’
this couple explain your wish list For retirement, what advice would you give?
Find happiness in these great medium cities
As of March 2020, more than 42% of the US population has moved or considered moving. If you have been tempted by a community that will welcome you with open arms, this Livability list is for you. (By the way, many have been suggested in MarketWatch “Where should I retire?” column.)
Does trying to be healthier make you feel bad?
This writer’s attempts to get “super healthy” usually end in disappointment. So he spoke to two of the biggest names in wellness. This is what he concluded … just in time for a glass of wine.
From EV to AV, stay on top of the massive changes coming to cars. Join Tom Fennimore, CFO of Luminar Technologies, at the Festival of the best new ideas on the money on September 21 and 22 in New York.