Small Caps Rise as Magnificent Seven Falter After CPI
Thursday wasn’t a great day for hedge funds long on megacap tech stocks and short on the rest of the market. A cooler-than-expected June consumer-price index (CPI) reading appeared to spark a rotation into previously unloved sectors. “Hedge funds are blowing up today,” said Jay Hatfield, CEO of Infrastructure Capital Advisers, referring to strategies focused […]
Goldman Sachs: Limited Time to Bet Against the Dollar
Happy CPI day to all who observe! Let’s dive into this critical report. If inflation meets economists’ expectations, there might be a fleeting chance to bet against the U.S. dollar, according to Karen Reichgott Fishman, senior currency strategist at Goldman Sachs. After hitting 2023 highs, the dollar has been on a decline and could weaken […]
Tracking the Dow Lag Behind the S&P 500 in 2024
The Dow’s underperformance can be attributed partly to its nature as a price-weighted index. Unlike the S&P 500 and Nasdaq Composite, which are weighted by market capitalization, the Dow gives more influence to higher-priced stocks like UnitedHealth Group, impacting its overall performance more than tech giants like Apple and Microsoft. In 2024, the Dow Jones […]
Inflation Hopes vs. Wall Street’s Trump 2.0
The upcoming election could fundamentally change the inflation outlook for the next three to four years, according to an inflation trader. While many investors and traders are optimistic about cooling U.S. inflation ahead of Thursday’s consumer-price index for June, Wall Street is concerned about the inflationary impacts of a potential second Trump presidency. Before the […]
Inflation Insights for Stock Traders
A softer-than-expected inflation report could pressure the Federal Reserve to signal an interest rate cut is likely in September or even open the door to one later this month. Thursday’s inflation report is expected to be a significant event for U.S. markets during a busy week, which also includes the start of the second quarter […]
How the Stock Market Will React if Biden Exits the Race
The S&P 500 and Trump’s victory odds are increasingly correlated as investors seek ‘certainty’: LPL’s Turnquist With President Joe Biden’s re-election campaign appearing to hang by a thread after last week’s television debate debacle, investors understandably may wonder whether a change at the top of the Democratic ticket would move the stock market. A good […]
