It turns out there’s a reason Federal Reserve Chair Jerome Powell always wears a purple tie at his press conferences. “At the beginning, the only significance was that I liked purple ties,” Powell quipped during a moderated Q&A interview on Friday. “But I will say, for the next press conference, I reached for a blue
It turns out there’s a reason Federal Reserve Chair Jerome Powell always wears a purple tie at his press conferences. “At the beginning, the only significance was that I liked purple ties,” Powell quipped during a moderated Q&A interview on Friday. “But I will say, for the next press conference, I reached for a blue
As recession fears grow, many wonder how the housing market will react. While economic downturns bring uncertainty, history shows that the housing market can be robust. A new analysis from First American reveals that past recessions don’t always spell doom for real estate. For instance, during the pandemic in 2020, home sales initially dropped due
Investors’ uber-bullish sentiment for US stocks came to a screeching halt over the past month. In a global survey of 171 participants, Bank of America’s latest Global Fund Manager Survey showed the biggest drop in investor allocation to US equities on record. A team of Bank of America strategists led by Michael Hartnett described the
The future of stock market investing isn’t the stock market. On Monday, Robinhood (HOOD) announced it was launching prediction markets, allowing users to trade the outcome of events, with this week’s Fed meeting and the NCAA tournament serving as the first two markets at launch. Last month, readers might recall, the company sought to launch
US stock futures fell on Monday, signaling March’s market struggles are set to continue in a week highlighted by the Federal Reserve policy meeting. S&P 500 futures (ES=F) dropped 0.6%, while Dow Jones Industrial Average futures (YM=F) fell around 0.6%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) slid 0.7%. Markets are coming off a week
In a new note to clients published Friday, BMO chief investment strategist Brian Belski — one of the Street’s staunchest bulls who was quick to call the market turnaround back in 2022 — argues that the uncertainty and fear of this market moment is no reason to rip up your view on markets and the
China’s stock benchmark closed at its highest since mid-December amid growing optimism for more Beijing policy support and a rising appetite for Chinese names from global investors. Shanghai’s CSI 300 jumped 2.4% as investors dived into consumer stocks. Meanwhile, the Hang Seng China Enterprises index (^HSCE) in Hong Kong finished with a 2.7% gain. China’s
Tariff-related concerns have sent stocks reeling over the past month, with the S&P 500 (^GSPC) down about 5% year to date as of Thursday morning. Investors may want to remember that while policy shifts are unsettling, pullbacks of 5% to 10% in the benchmark index are not uncommon. “On average, the index experiences three drawdowns
Tariff-related concerns have sent stocks reeling over the past month, with the S&P 500 (^GSPC) down about 5% year to date as of Thursday morning. Investors may want to remember that while policy shifts are unsettling, pullbacks of 5% to 10% in the benchmark index are not uncommon. “On average, the index experiences three drawdowns