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Moody’s Analytics chief economist Mark Zandi has warned that America’s stark economic divergence remains “firmly intact,” as newly updated data reveal a bruising financial reality in which the bottom 80% of earners are losing the battle against inflation, while top earners dominate national consumption. The Spending Divide Deepens According to Zandi’s updated estimates, households in the top 20% of the income distribution—defined as those earning over $175k annually—now account for an “astoundin
Tuesday's catalysts include flash PMIs, Richmond Fed data, ADP weekly employment, Treasury bill and 2-year note auctions, and May money supply.
Stock Market Today: The Dow Jones index wavered Wednesday ahead of the Fed's decision and Fed Chair Warsh's comments. SpaceX stock rallied.
Andrew Sather of The Investing for Beginners Podcast recently made a point that should reshape how investors think about recession headlines. "When people say there’s a recession, they’re saying it 6 months after it happens. Like, that’s the literal definition of it. You have to wait 6 months," he said on the episode Back to ... Worried About a Recession? Here’s Why Selling When Economists Call It is Already Too Late
Andrew Sather of The Investing for Beginners Podcast recently made a point that should reshape how investors think about recession headlines. “When people say there’s a recession, they’re saying it 6 months after it happens. Like, that’s the literal definition of it. You have to wait 6 months,” he said on the episode Back to ... Worried About a Recession? Here’s Why Selling When Economists Call It is Already Too Late
For much of the post-2008 era, Wall Street treated zero interest rates as a permanent feature of the landscape, a kind of monetary gravity that pulled every asset price higher. Stocks ran. Bonds ran. Private credit ran. The benchmark S&P 500 vaulted off its 2009 low while the technology-packed Nasdaq Composite did even better. But ... Former Fed Official: The Fed’s Biggest Mistake Wasn’t Rate Cuts. It Was Keeping Them Low Too Long.
The S&P 500 Index ($SPX ) (SPY ) today is down -1.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.64%. June E-mini S&P futures (ESM26 ) are down -1.07%, and June E-mini Nasdaq futures...
The 2020s might enter the history books as an era where the market skipped the stairs and kept taking the elevator either way. The recent surge since the beginning of Q2 is the best example. According to BullTheory, U.S. equities added nearly $10 trillion in market capitalization in just 39 trading days. Yet, the realized volatility has become highly asymmetric. On up days, it is running roughly seven times as much as on down days. Historically, that kind of imbalance tends to appear near exhaus
