‘Summer of indigestion’ will produce big buying opportunities, long-term market bull Tony Dwyer predicts
Investors may want to keep the antacid nearby. Long-term market bull Tony Dwyer sees near-term turbulence in connection with his “summer of indigestion” call. So, he’s encouraging investors to resist making any big moves right now. “We’ve had one heck...
Inflation just jumped the most in years, yet markets are largely ignoring it. Here’s why
Consumer prices just posted their largest one-month jump in nearly 13 years, a fact that might tempt some to conclude that a white-hot U.S. economy is on the brink of runaway inflation. But a spike in the June 2021 consumer...
Inflation climbs higher than expected in June as price index rises 5.4%
Inflation surged in June at its fastest pace in nearly 13 years amid a burst in used vehicle costs and price increases in food and energy, the Labor Department reported Tuesday. The consumer price index increased 5.4% from a year...
Fed’s Mary Daly says tapering of bond purchases may start this year
San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. Ann Saphir | Reuters San Francisco Federal Reserve President Mary Daly told CNBC on Tuesday that a strong economic...
Hot Inflation Surprise, Choppy Stock Session, Earnings JPM, GS, & Pepsi, Bitcoin Lower
US stocks initially shrugged off a strong start to earnings seasons and traded lower after a hot inflation report unnerved some investors as expectations grow that the Fed will have to acknowledge that higher inflation will stick around. Today’s earnings...
US Transportation Demand Recovery Pushed Prices Higher in June
Headline inflation up 5.4% in June from year-ago and core (ex-food and energy) up 4.5%Base effects continue to be at play; transportation related prices surged againPrice gain still relatively narrowly based; more guidance on tapering from Fed in August US...
Dollar Rebounds after Strong US CPI Reading, But Still Range Bound
Dollar rebounds strongly in early US session after much stronger than expected CPI inflation reading. The headline reading has indeed been trend up every month since January and showed no sign of slowing yet. Yen also rebounds following the greenback....
GBP/AUD 4H Chart: Bulls Could Prevail
The British Pound has edged higher by 1.67% against the Australian Dollar since last week’s trading sessions. The currency pair tested the 1.8600 mark on Monday, July 12. Technical indicators suggest buying signals on the 4H, daily and weekly time-frame...
GBP/CAD 4H Chart: Breakout Occurs
The Pound Sterling has surged by 1.70% against the Canadian Dollar since July 5. A breakout occurred through the upper boundary of a descending channel pattern during last week’s trading sessions. Given that a breakout has occurred, buyers are likely...
‘This feels like 1999’: Global start-up funding frenzy fuels fears of a bubble
A pile of U.S. dollar banknotes. Chris Clor | Tetra images | Getty Images In March last year, a top venture capital firm described Covid-19 as the “black swan of 2020.” “Private financings could soften significantly, as happened in 2001...
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