Good MorningThe S&P 500 continued to rebound on Thursday despite the growing threat of inflation. A less hawkish than expected FOMC statement on Wednesday and a better-than-expected read on the Index of Leading Indicators Thursday helped to drive the move. While the FOMC indicated that tapering would start soon, the committee still does not seem in a hurry to make that move despite the growing threat of inflation.
On the inflationary front, reports from several S&P 500 companies this week indicate inflation continues to rise and will continue to rise at least until the end of the year. Next week, the market’s focus will turn to a raft of economic data to include the ISM’s gauge of manufacturing and services economies along with the Chicago PMI and the first revision to second-quarter GDP.
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Politics | | Japan’s benchmark advanced but other Asian markets were lower Friday amid concerns over troubled Chinese real estate developer Evergrande and the pandemic.
Some Chinese banks have disclosed what they are owed by Evergrande, seeking to dispel fears of financial turmoil as it struggles... Read the Full Story |
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Politics | | Stocks on Wall Street rallied for the second straight day Thursday and have now reversed the market’s sharp pullback at the start of the week.
The S&P 500 rose 1.2%, with more than 85% of companies in the benchmark index notching gains. The Dow Jones Industrial Average gained 1.5%... Read the Full Story |
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Markets | | World markets were mostly lower Friday though Japan’s benchmark jumped as it caught up after a holiday.
Shares fell in Paris, London, Shanghai and Hong Kong but climbed 2.1% in Tokyo. U.S. futures also declined.
Worries over troubled Chinese real estate developer Ever... Read the Full Story |
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Tech | | Stocks on Wall Street were broadly higher in afternoon trading Thursday, erasing weekly losses for most of the major indexes.
The rally extends the gains from a day before, when the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later t... Read the Full Story |
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Markets | |
Investors have differing opinions about the value of sell-side research. Some swear by it, while others prefer to build their investment thesis around other tenants. There are certainly cases to be made for both positions.
What’s less contentious is that Wall Street analysts are the best re... Read the Full Story |
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Politics | | The British government is trying to ease concerns of a fuel crisis after oil giants BP and ExxonMobil-owned Esso warned they had to ration supplies and close some gas stations as a result of a truck driver shortage Read the Full Story |
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Markets | | Central Garden & Pet (NASDAQ: CENT) is not your garden variety consumer defensive stock. In recent years, the company has demonstrated a unique ability to go on offense by capitalizing on not one but two growing industries. Read the Full Story |
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Markets | | AT&T stock is trying to find a floor after the company announced that it was streamlining its business which included cutting its dividend in 2022. While this has created a case of bad optics, opportunistic investors may be able to profit from a short-term outlook on T stock. Read the Full Story |
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Markets | | Darden Restaurants’ fiscal Q1 earnings results reminded us that not all S&P 500 companies are the same. While the headwinds of inflation are blowing strongly through the market, Darden has been able to outperform on all metrics. Read the Full Story |
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Markets | |
Decades of research show the benefits of asset allocation using index funds. But new research suggests that many active strategies outperform over time, even after fees are taken into account.
Asset managers including John Hancock and Morgan Stanley have researched the active vs. passive question... Read the Full Story |
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