Markets
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Americans may have to start working younger and retire older. That might be a good thing.
“The demographic clock is ticking for the West.” China announced earlier this year that for the first time since the 1960s, deaths outnumbered births and its population slipped in 2022 by 850,000 to 1.41 billion. COVID-19 brought this event forward a few years. More fundamentally, the legacy of China’s now-abandoned one-child policy and the high cost of raising…
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This ‘dull’ stock market is just waiting to catch you napping
Should you avoid stocks when trading volume falls? This is a timely question, since we’re entering the summer months in which trading volume typically dries up. If price follows volume, as many technicians contend, then the U.S. stock market’s path of least resistance will be down through the end of August. I wouldn’t bet on…
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Here’s the pain trade Citi sees in U.S. stocks as S&P 500 exceeds its 2023 target
[]The artificial-intelligence craze hasn’t moved Citigroup’s year-end target for the S&P 500, but the bank’s equity analysts are keeping an eye out for what they’ve labeled the “p-AI-n trade.” []That would be the pain trade inflicted by AI enthusiasm or a potential pause or pivot in the Federal Reserve’s interest-rate hiking cycle, according to a…
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CHRW Stock Price | C.H. Robinson Worldwide Inc. Stock Quote (U.S.: Nasdaq)
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Here’s the red flag that says a tech stock selloff could arrive soon, according to Citi
A commonly heard battle cry throughout history has been “hold the line,” which is exactly what the S&P 500 SPX, +0.24% didn’t do following Friday’s monstrous rally, putting a bull market just out of reach again. And stocks are off to a softer start on Tuesday, led by tech. Maybe those bearish Wall Street voices…
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Oil prices end lower, erasing gains seen after Saudi plan for production cut
[]Oil futures ended lower on Tuesday, with worries over the global economic outlook leading prices to give back gains seen in the wake of Saudi Arabia’s plan to further cut its production in July. Price action West Texas Intermediate crude for July delivery CL00, -0.98% CL.1, -0.98% CLN23, -0.98% fell 41 cents, or 0.6%, to…
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AT&T stock nabs a lukewarm upgrade: ‘We’re not optimists’
A formerly vocal bear on AT&T Inc.’s stock has abandoned that stance, but not with much enthusiasm. “We’re not optimists,” SVB MoffettNathanson analysts led by Craig Moffett wrote in a note to clients. “We don’t see things in Wireless generally, or at AT&T specifically, getting materially better. We do, however, believe that AT&T’s stock price…
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Gold edges higher, on track for back-to-back gains
Gold futures rose Tuesday as investors assessed the outlook for interest rates ahead of next week’s meeting of Federal Reserve policy makers. Price action Gold for August delivery GC00, +0.02% GCQ23, +0.02% rose $5, or 0.3%, to $1,979.30 an ounce on Comex. July silver SIN23, -0.63% gained 10, or 0.4%, to trade at $23.735 an…
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COIN Stock Price | Coinbase Global Inc. Stock Quote (U.S.: Nasdaq)
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Why another cut to AAA U.S. credit rating could derail the stock-market rally
Two days before the United States faced the possibility of running out of enough cash to pay all its bills, President Joe Biden on Saturday signed legislation that temporarily lifted the nation’s debt ceiling, averting a potentially catastrophic first-ever default by the U.S. However, some investors still remained worried about a potential second U.S. credit…