Stocks News

In September 2023, US personal income rose $77.8 billion (0.3%), spending surged by $138.7 billion (0.7%), and Core PCE inflation held steady at 0.3%.

In Q3 2023, GDP surged to 4.9% driven by consumer spending, though personal savings saw a decline, hinting at future financial concerns.

October’s PMI shows UK contraction led by manufacturing; declining orders, staffing worsen bearish outlook amid rising costs, weak exports.

Despite minor improvements in manufacturing, the bearish outlook for the German economy persists, driven by widespread issues across sectors.

The big story of the week was the SEC dropping the charges against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen.

Earnings season shows mixed results, putting pressure on the “Magnificent Seven” amid high valuations.

Jobless claims fell 13,000, hinting at a strong labor market amid inflation, while Philly Fed’s activity index stays negative.

Strong September retail sales bolster U.S. economic resilience but put the Fed in a bind, balancing inflation risks and stability.

Despite a 7-point fall in NY’s business conditions to -4.6, the labor market slightly improved and firms maintained a 6-month optimistic outlook.

The broader crypto market is under water this week. Beyond the headlines, Binance faced scrutiny from UK regulators.

Consumer sentiment fell 7% in October and year-ahead business outlook dipped 19%, suggesting more short-term declines despite long-term stability.

September’s 0.4% consumer price surge sparks inflation concerns, contrasting with stable core CPI, potentially leading to more Fed policy talks.

Fed’s rate hike dilemma intensifies as policymakers are sharply divided on future increases, complicating inflation tightrope walk.

U.S. producer prices rose 0.5% in September, beating forecasts on energy costs, while core PPI gained 0.2%, easing inflation concerns.

As tensions between Israel and Hamas escalate, markets become predictably unpredictable, fueling volatility across various asset classes.

Latest Sentix Index shows deep recessionary trends in Eurozone and Germany; minor uptick in investor expectations signals no quick recovery.

September’s U.S. job surge of 336,000 defies estimates, showcasing labor market resilience amid rising rates but signaling investor caution in stocks.

Despite a 37% dip in September job cuts, a 58% year-over-year increase signals underlying labor market issues.

ADP’s report shows just 89,000 new private-sector jobs, far below the expected 160,000, signaling the Fed may reconsider its monetary policy.

Rising Treasury yields hit Nasdaq-100, signaling a bearish October; megacap tech stocks are especially vulnerable, impacting the broader market.