The next few days may reveal whether investors have been riding one big suckers rally, says this strategist.
Stock futures are pointing due south as caution grips investors following Friday’s monster jobs beat. While subject to revisions, that 517,000 surge in U.S. jobs may have shredded hopes among some that the Fed will be done with rate hikes sooner rather than later. “Half a million jobs, climb down off the wall, call the recession […]
Here’s why a record-setting lack of snow in New York City is pretty chilling
Snow has been a no-show in New York City this winter, the longest stretch without measurable accumulation in the several decades that meteorologists have been paying attention to this figure. New York isn’t alone, as much of the East Coast has been blanketed in a gray, rainy and noticeably warmer 2022-2023 winter. As of Monday, […]
Don’t let the ‘bear market house of mirrors’ fool you, Morgan Stanley’s Mike Wilson warns of the stock market
Stock futures are treading water ahead of an important week for earnings, with the spotlight on updates from the tech space, which has been laying off thousands of workers.Among those not expecting good news in the earnings pipeline is Morgan Stanley’s chief U.S. equity strategist Mike Wilson, who in our call of the day says […]
Tesla is a ‘soft-landing’ stock, says Goldman Sachs. Here are its picks for a gentle slide as well as a rough landing.
Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core prices rose 0.3%. “The 2021 surge in durable goods demand normalized, and the resulting collapse in durable goods price inflation was stunningly fast,” says Paul […]
Powell’s in Sweden. Rates Will Likely Go Higher Still Despite Companies’ Pain.
Investors looking at Federal Reserve Chairman Jerome Powell’s speech at a conference at Sweden’s Riksbank Tuesday will be tempted to carefully parse his words for any hint as to when the interest-rate increases will stop. There will probably be less nuance to his remarks than first appears. Powell will certainly utter a few on-the-one-hand, and […]
How a California cannabis company’s founder is tapping his deep roots in the business to navigate the legal market
Herbl Inc. CEO Mike Beaudry certainly knows the cannabis business as founder of the California-based distributor that provides marijuana to more than a thousand legal businesses in the state. While California supports the largest adult-use cannabis market in the U.S., it continues to face off against legacy — or illicit market — sellers as […]