WHAT'S HAPPENING Markets mostly moved higher overnight, digesting a goodie bag of pleasant surprises. The Dow Jones$SPDR Dow Jones Industrial Average Trust (DIA.US)$rose to another record high, while Europe’s pan-index, the Stoxx 600, gained 0.8%, ending near a record. Why? Well, markets are forward-looking and believe the bull run can continue thanks to the ...
From certain perspectives, the economic conditions demonstrate remarkable resilience. Take corporate profits, for instance, which are currently at an all-time high. In the second quarter of 2024, they reached a record $3.23 trillion, marking an 11.2% increase compared to the previous year and a significant 57.3% surge from the second quarter of 2019. Although corporate debt levels are high, they are not expected to be a significant concern in the n...
Derpy Trades
:
Bonds also form a market, and for the longest time since the Great Depression their yields had remained inverted. No longer. Historically, the recession comes shortly after the re-steepening.
The market will be searching for insight on the interest rate path as Powell speaks in 20 minutes’ time. I’m also curious to see if the high treasury yields will affect Fed’s decision. “The rise in yields actually does some of the Fed’s job for it by slowing economic growth and helping to contain inflation” - remark by Mr Clarida, a global economic adviser for Pacific Investment Management Co. Meanwhile, high interest rate is hurting growth stocks like$Tesla (TSLA.US)$$NVIDIA (NVDA.US)$and ...
Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry. Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry.
Waters warm : Cool beans