Published: Nov. 22, 2023 at 3:07 p.m. ET Wall Street’s favorite permabear is back with a warning for anybody who believes the U.S. economy is destined for a “soft landing” in 2024. In his latest note to Société Générale clients, Albert Edwards, the Société Générale global strategist widely followed for his bearish takes on the … Read more
With wars raging again in Europe and the Middle East, and U.S.-China tensions on the boil, the political order that underpinned markets for decades is under serious threat. So, too, is the financial order, as the U.S., Europe, and even Japan exit the zero-interest-rate era, and the U.S. and China face deteriorating fiscal health. In … Read more
The stock market extended its powerful November rally ahead of Nvidia Corp.’s results, with Wall Street also breathing a sigh of relief as a $16 billion sale of 20-year Treasuries lured bond buyers. Shortly after the auction resultsBloomberg Terminal, US 10-year yields reversed course and fell to around 4.4%. The S&P 500 closed at the … Read more
Stock Market Today: Dow, S&P Live Updates for November 16 Bloomberg Source link
Jon Gray, the president of Blackstone Group, the world’s biggest alternative asset investment firm with $1tn under management, is watching for signs of an economic slowdown in the coming months. “So I think the Fed is going to slow the economy. And that’s really their objective, right?” Gray said in an interview with Private Equity News’ sister … Read more
I’m Ben Westcott, Australia government reporter in Canberra, and today I’m looking at the prime minister’s pivotal trip to China. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. … Read more
Kyla Scanlon is hardly your typical markets commentator—but then again how many 16-year-old girls growing up in Louisville traded stock options on the weekend. “It was just something interesting to do. My parents were supportive,” she says. “My dad dabbled in it and so he was like, ‘this is a cool way for you to … Read more
Euro-area inflation eased to its lowest level in more than two years as the bloc’s economy shrank following an unprecedented ramp-up in interest rates. Consumer prices rose 2.9% in October — down from the previous month’s 4.3% and better than the 3.1% median estimate in a Bloomberg survey analysts. In a separate release, Eurostat said … Read more
Markets have grown more pessimistic about the outlook for US economic growth, and if that continues in a substantial way it may offer a chance to buy stocks, according to Goldman Sachs Group Inc. The under-performance of cyclical equities this month signals concern that the recent tightening of financial conditions will stymie economic growth, Goldman … Read more
I’m Chris Anstey, a senior economics editor in Boston, and today I’m looking at Janet Yellen’s take on the yield surge. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so … Read more