The end of a pandemic earnings boom looms as holiday expectations disappoint

The seemingly sustained large corporate earnings growth during the COVID-19 pandemic appears to be coming to an end this holiday season, as the post-lockdown rebound belies price hikes, recession fears and tough year-over-year comparisons. S&P 500 SPX Index It is now expected to post a year-over-year profit decline in the fourth quarter, after forecasts from … Read more

Here’s why gold has been a disaster this year despite geopolitical instability and stock market volatility

Gold has been a store of wealth for thousands of years, and more recently the price of gold has tended to move inversely with stocks and the dollar, providing investors with some diversification in their portfolios. However, this year gold has so far failed to act as a buffer for investors against volatility in financial … Read more

This is not a QE or QT. This is not any of those. Why is the US Treasury exploring debt buybacks

The US Treasury said Friday it plans to start talking to primary dealers in late October about the possibility that it could begin buying back some of its old debt to help avoid disrupting market functions. The plan, if adopted, would mark a milestone in the roughly $22.6 trillion US government bond market, the world’s … Read more

‘It’s not healthy’: Stocks’ recent advance may signal more pain ahead for the markets. Here’s why

US stocks started the fourth quarter with sharp gains such as the Dow Jones Industrial Average, the Dow Jones Industrial Average, + 2.38% It appears to be heading for its biggest two-day high in more than two and a half years. But as tempting as it may be to call a bottom in stocks, Nicholas … Read more

Why the dollar’s rise raises questions – and doubts – about a Plaza-style intervention

The historical rise of the US dollar has alarmed investors and policy makers, raising questions, along with skepticism, about a 1985 “Plaza Agreement”-style intervention. The combination of persistent inflation and sluggish growth around the world, as well as the US central bank committed to aggressively raising interest rates, has turned the US currency into the … Read more