Key Takeaways Industrials firms Caterpillar, Honeywell, Deere, and others to report as economy improves Reporting period comes after sector made strong gains in Q2 amid receding recession fears Rate situation, China demand remain possible concerns going into the second half While the industrials sector doesn’t grab headlines like electric cars and artificial intelligence, it’s arguably […]

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Key Takeaways Fed’s Jackson Hole event in August could provide clues into the late-2023 rate policy. Apple, Nvidia among major companies reporting in August, but is the tech rally fading? Rising yields, crude prices, and changing market leadership could pressure the SPX in August. The heat dome that’s settled over much of the country this […]

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Key Takeaways How might record credit card debt levels and the return of student loan payments affect second-half retail forecasts? Discretionary spending held up in Q2—investors will want to hear what executives say about Q3  Where brick-and-mortar store growth may be heading  The nation’s retailers saw mixed sales results during the second quarter despite an […]

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Key Takeaways The S&P 500 enters session on two-day win steak for first time this month, and down 3.4% in August China takes more measures to stimulate consumer spending, helping send crude back above $80 Best Buy up after beating earnings estimates, saying electronics spending is bottoming (Tuesday market open) Wall Street is about to run […]

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Key Takeaways Fed’s September 19 – 20 meeting looms, with fresh rate projections included in the mix Earnings ebb, putting focus back on geopolitics, economic data in September September is historically the weakest month for stocks, but soft landing ideas could buffer Another debt ceiling showdown seems headed back to the headlines Wall Street entered […]

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Key Takeaways Slightly cooler U.S. data pushes Treasury yields lower ahead of opening bell Disappointing inflation data from Germany, Spain take bloom off of U.S. rally’s rose Hurricane, large stockpile draw have crude oil prices on the rise (Wednesday market open) A sprinkle of caution threatened to rain on Wall Street’s rally parade early Wednesday as […]

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Key Takeaways July PCE inflation data comes in as expected, with services prices up again while goods retreat August jobs report looms tomorrow with analysts expecting growth of 170,000, down from July European inflation data remains stubbornly strong in August, while U.S. layoffs climb (Thursday market open) One day before this data-packed week hits its crescendo […]

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Key Takeaways August jobs growth of 187,000 beats estimates but rest of report is mild, driving hopes of Fed pause Manufacturing data from Europe remains weak as investors await August U.S. manufacturing read this morning China takes further steps to spur spending and investment as manufacturing data beats estimates (Friday market open) U.S. jobs growth stayed […]

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The debt ceiling crisis moved closer to resolution on May 31st when the House of Representatives approved legislation that will suspend the debt limit until mid-2025. The strong bipartisan vote of 314-117 came just days before the June 5th default deadline. The bill has now moved to the Senate, where it is expected to be […]

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The Senate on June 1st approved legislation that will suspend the debt ceiling until 2025, sending the measure to President Joe Biden for his signature. In doing so, it beat a June 5th deadline to avoid a catastrophic and unprecedented government default. The 63-36 Senate vote came one day after an overwhelming 314-117 vote in […]

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