Article By:
Peter Schiff
Monday, September 25, 2023 9:14 AM EDT
Everybody knew that the Federal Reserve wasn’t going to hike rates at the September FOMC meeting. And yet everybody waited with bated breath to hear what Jerome Powell would say.
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Article By:
Marc Chandler
Monday, September 25, 2023 9:05 AM EDT
The US dollar begins the new week on a firm note. It is trading at new highs for the year against the Japanese yen and is bid against nearly all the G10 currencies, though the Swedish krona and Canadian dollar are resisting the greenback's push.
In this article: FXE, QQQ, DIA, FXA, FXB, FXC, FXY, GLD, SLV, UUP, SPX
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Article By:
Yohay Elam
Monday, September 25, 2023 8:15 AM EDT
Fed officials issued warnings on Friday regarding the likelihood of future rate hikes. Markets estimate a roughly 21% chance of a 25-basis-point Fed rate hike in November. Data indicated 0.3% growth in Canadian retail sales in July compared to June.
In this article: FXC, UUP
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Article By:
Peter Mathers
Monday, September 25, 2023 8:00 AM EDT
In summary, the USD/CAD Elliott Wave Analysis on 25 September 23, suggests that the market is in a corrective phase, with a focus on the second wave (wave 2) of a likely zigzag pattern.
In this article: FXC, UUP
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Article By:
Christopher Lewis
Monday, September 25, 2023 7:15 AM EDT
While long-term prospects for gold appear promising amid ongoing market uncertainties, short-term fluctuations are likely to persist.
In this article: GLD
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Article By:
Ironman
Monday, September 25, 2023 6:54 AM EDT
The S&P 500 (SPX) was rocked by the outcome of the Federal Reserve's two day meeting ending on Wednesday, 21 September 2023. The index dropped 2.9% from the previous week's close to end the week at a level of 4320.06.
In this article: SPX
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Article By:
James Harte
Monday, September 25, 2023 6:30 AM EDT
GBP remains the weakest among the G10 FX bloc as we start the new week. Sentiment in the Pound has undergone a significant shift in recent weeks with GBP now the worst performer across Q3 as a whole.
In this article: FXB, UUP
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Article By:
Paban Pandey
Monday, September 25, 2023 6:19 AM EDT
The sell-side just bumped up estimates for S&P 600 operating earnings for both this year and next. The Russell 2000 does not give a hoot. Small-caps act weak – much weaker than large-caps.
In this article: QQQ, DIA, SPX
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Interest rates will stop rising, and questions will turn to whether central banks have over-tightened as inflation comes down and growth falters. We could even see rate cuts by key central banks at the start of next year.
2023 Q3 is expected to be the last period of declining earnings for the index, with positive growth resuming from 2023 Q4 onwards.
Market volatility has been remarkably low in 2023, apart from the brief shock following the failure of Silicon Valley Bank earlier this year.
Inflation will definitely not be so strong next year; and that's why 'softish' will still be the key to what happens, as full-bore economic recession is not good for the American people, for earnings, or for stocks in a funk already.
Over the past week, there has been a significant decline in equity markets due to the anticipated negative impact of higher-for-longer US interest rates, which continues to affect investor sentiment.
Investing in the artificial intelligence (AI) sector should generate fantastic returns over the next decade but most people are not investing in it the best way.
The drop in treasury bonds is telling us not to expect a change anytime soon. Based on Thursday's price action, it is reasonable to expect higher interest rates to continue.
