CPI Comes In At 9.1%, Exceeding Expectations
The bureau of Labor Statistics issued the Consumer Price Index on Wednesday, and it showed inflation soared 9.1% year over year, well exceeding the Dow Jones estimate of 8.8%. It…
Stocks Slide Tuesday As Oil Drops And Earnings Season Begins
US Stocks were down sharply for a second day Tuesday, as investors prepare for the June inflation data, and digest Bloomberg’s CPI estimates, which predict it will be the hottest…
Bloomberg’s CPI Estimate Predicts Record 8.8% Inflation
Bloomberg issued its consensus estimates on the June Consumer Price Index, and they predict the upcoming report will be the hottest print yet in the current inflation cycle. Bloomberg’s estimate…
Stocks Fall Monday On Fears Of Earnings Season
Stocks fell Monday, with the losses led by tech stocks, indicating investors are worried about the start of earnings season as well as new inflation data coming out Wednesday. The…
One Sign There Is No Recession Coming Is The Roaring Jobs Market
When most people first encounter the term recession, they are told it is defined as two consecutive quarters of negative GDP growth seen in measurements by the Bureau of Economic…
Some Analysts Are Optimistic About Second Half Performance
Some analysts are promoting an optimistic view of the second half of the year. They believe both corporate profits and the stock market will vastly exceed expectations. Citi strategist Scott…
China’s Venture Capitalists Are Resurging
Chinese venture capital investment appears to be resurging as Qiming Venture Partners raised $3.2 billion across two funds. Its oversubscribed USD Fund VIII was closed at $2.5 billion, and in…
Atlanta GDPNOW Looks To Be Predicting A Second Quarter Of Contraction
Despite a blockbuster jobs report for June, the Atlanta Fed’s real-time GDP tracker is still sitting in negative territory. According to the Department of Labor’s report, the US economy added…
Jobs Report Shows Robust Hiring
The latest jobs report came out significantly above market expectations, indicating the economic slowdown is not nearly as bad as some have been assuming. On Friday the Labor Department reported…
Morgan Stanley Says To Stick With Stability
Morgan Stanley strategists issued a note looking at the market vs how investors are viewing economic conditions. The dip in bond yields recently indicates investors feel it is likely the…
