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Day: December 2, 2018

Fed Chair Powell survives a critical week. Here’s why he faces even bigger tests in the future

Last week, Federal Reserve Chairman Jerome Powell successfully walked back his October remark that jarred investors, but it’s hardly the last challenge he’ll face to communicating the road ahead. In what was arguably his biggest test yet as Fed chief, Powell on Wednesday appeared to turn course from his initial stance that the central bank …

Fed Chair Powell survives a critical week. Here’s why he faces even bigger tests in the futureRead More

A chart suggests that a ‘Santa Claus rally’ is not coming to Wall Street this year

DataTrek Research is out with a chart suggesting stocks will struggle this month — pouring cold water on the likelihood of a “Santa Claus” rally that traditionally boosts stocks in December. According to the firm’s co-founder Nicholas Colas, it comes down to a breakdown in earnings trends and investor sentiment. He said the earnings picture …

A chart suggests that a ‘Santa Claus rally’ is not coming to Wall Street this yearRead More