The S&P 500 is trying to push past a key resistance point at 1165. The Consumer Price Index was unchanged for February. The lack of pricing pressure supports the Fed’s monetary stance. As the Nomura Securities chief economist David Resler told Bloomberg, “Inflation is certainly no imminent threat to the
Resler’s expectation for interest rates is a bit of a departure. Most economists think rates will rise later in the year. But any interest rate hikes will be dependent on jobs growth. Unemployment claims fell by 5,000 last week. That’s an improvement, but we still need to see payrolls increases. We won’t get that number for a couple of weeks.
The dollar is stronger against the euro today as the bailout plan for
I’m not sure how
Another voice has joined the “
I’m not sure about Rickards’ credentials here. After all, he was involved with one of the most colossal hedge-fund failures in history.
As for me, the growing dispute between the
There’s clearly posturing going on here. But that doesn’t mean it’s not a dangerous situation. It appears to me that some of the pressure on Chinese stocks lately is coming from investors that fear the current conflict could escalate.
Right now, there’s a movement in Congress to label
It’s not time to panic about this situation. But keep it on your radar.