RoboStreet – July 14, 2022  Inflation Data Returns Higher Than Expected Key inflation readings were released this week, topping expectations and once again pressuring markets. In June, U.S. consumers paid considerably greater prices for a range of products as inflation levels rose in a slowing US economy, according to the Bureau of Labor Statistics. The […]

The latest consumer price index, a key indicator of inflation, reported inflation that is higher than expected, which raises the possibility of bigger interest rate increases. Stocks in the United States continue to fall for the fourth day in a row as CPI figures reveal inflation at a 41-year high. This, in turn, caused all […]

Stocks fell in the U.S., with traders assessing China’s new COVID-19 subvariant and anticipating another inflation reading from the United States in just two days. All three major U.S. indices closed in the red with the Nasdaq seeing the biggest drop. Today’s drop follows last week’s strong rally which was capped, and added additional support, […]

RoboStreet – July 7, 2022  All Eyes on Employment Data Following FOMC Minutes Ahead of today’s labor reports, U.S. markets traded exceptionally higher throughout the week, posting four consecutive sessions of gains in the wake of receiving fresh inflation and corporate earnings data. Markets responded favorably to a number of new economic readings as well […]

Stock prices rose Wednesday after Federal Reserve minutes suggested that the Fed will raise interest rates again in during this month’s meeting to combat inflation. Despite concerns about slowing economic growth, the Federal Reserve’s June policy meeting minutes indicated that another large interest rate increase is likely later this month, providing some support for markets. […]

RoboStreet – June 30, 2022  Inflation Pushes Down Consumer Spending  It finally came to where the mighty consumer-driven U.S. economy had to square with persistently high inflation, and it showed up in the May data. Household spending declined to just a 0.2% for the month and down from 0.6% in April. The combination of high […]

U.S. equities were mixed on Wednesday as inflation worries persisted to influence investor sentiments. All three major U.S. indices traded in the green today, though off earlier highs, as comments from the central bank provided some concern regarding high inflation. At the close, the Nasdaq and S&P finished in the red while the Dow Jones […]

After losing their opening gains, all three major U.S. indices closed in the red today, with the Nasdaq leading the way- down 0.93%. Last week, U.S. indices were able to snap a multi-week losing streak and book solid gains. Early gains began to drop as data revealed that US durable-goods orders increased by 0.7% in […]

RoboStreet – June 23, 2022 The Rolling Correction Hits Commodities  With every major market correction, there is rarely a time in history where each sector of the market didn’t go through its own specific bout of heavy selling. After outperforming year-to-date, energy and agriculture stocks are getting trounced, pulling back 20%+ in the span of […]

RoboStreet – June 16, 2022 Managing Money In A Protracted Downtrend  The big story this week has been the Federal Reserve’s abrupt shift in monetary policy, opting to increase the Fed Funds rate by 75 basis points on Wednesday accompanied by a statement they could likely raise it by another 75 basis points at the […]