By Sheraz Mian
Total earnings for the S&P 500 index are expected to be up +3.6% from the same period last year on +4.5% higher revenues.
The biggest decline in the U.S. stock market came during the global financial crisis which saw the S&P 500 lose over half of its value.
The Fed has begun cutting interest rates with the timing and amount of future cuts predicated on incoming employment and CPI data. As the Fed likes to say, they are data-dependent in determining their course of action.
It’s becoming increasingly clear that without bold moves, China is under mounting pressure to spark domestic demand.
As tensions escalate in the Middle East, U.S. officials are reporting that Israel may target military and energy infrastructure in Iran.
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It’s been a challenging year for the fashion industry.