Stock Markets Today: OPEC+ meeting, Beige Book, Bonds rally, Musk swears

Stock Markets Today: OPEC+ meeting, Beige Book, Bonds rally, Musk swears

Good morning. High-stakes OPEC+ meeting, a bond rally that traders desperately need and Musk swings expletives at advertisers. Here’s what people are talking about. OPEC+ continued talks to resolve a deadlock on oil quotas — and potentially take further steps to shore up flagging crude prices — on the eve of its ministerial meeting. Group … Read more

Your Thanksgiving Holiday Shopping Could Make or Break the US Economy

Your Thanksgiving Holiday Shopping Could Make or Break the US Economy

There’s a lot of optionality left, both in the economy and in the interest rate outlook. The US economy is slowing, but by how much, we still don’t know. That means we have a period of volatility still in front of us for asset markets. Still, the risk-reward for US government bonds and mortgages looks … Read more

Why the Dollar’s Comeback Could Be Bad News for the Stock Market

Why the Dollar’s Comeback Could Be Bad News for the Stock Market

Why the Dollar’s Comeback Could Be Bad News for the Stock Market After weakening earlier this year, the U.S. dollar is pushing higher and could be headed back toward the 20-year high it touched in 2022. WSJ’s Dion Rabouin explains why this could be bad news for investors. Photo illustration: Noah Friedman Source link

Equity Risk Premium’s Guide to the Galaxy

Equity Risk Premium’s Guide to the Galaxy

To get John Authers’ newsletter delivered directly to your inbox, sign up here. In The Hitchhiker’s Guide to the Galaxy, a giant computer called Deep Thought is programmed to calculate the answer to the ultimate question of life, the universe and everything. Millions of years later, its circuits finally reveal the answer to the humans … Read more

A Soft Landing in 2023 Doesn’t Imply the Eventual Landing Will Be Soft

A Soft Landing in 2023 Doesn’t Imply the Eventual Landing Will Be Soft

All the chatter of late is about the US avoiding a recession altogether. On the surface that seems like a positive outcome. But when you consider the implications of a ‘no landing’ scenario, it becomes less appealing because of the risk that a decent recovery turns into an overheated economy and market. It’s a recipe … Read more