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It is often said the Federal Reserve is “data dependent” in its quest to accurately calibrate U.S. monetary policy. With that in mind, it may be surprising the major equity benchmarks did not do more gyrating Thursday following the release of one particularly concerning data point. Source: Venturelli Luca / Shutterstock.com Earlier today, the August
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Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Arturo Estrella, the economist who first discovered the predictive power of the yield curve, has a message for recession naysayers: It could hit sooner than you think. “It’s been 50 years and 7 recessions with a perfect record,” Estrella told
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Although most investors consider the venerable Dow Jones as the benchmark index, in reality, folks should instead consider names like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Facebook (NASDAQ:FB) and Amazon (NASDAQ:AMZN). After all, an investment toward Alphabet stock gives you wide-ranging exposure to the most relevant and lucrative sectors. Source: Valeriya Zankovych / Shutterstock.com Unfortunately, being relevant doesn’t
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After some brief excitement following the closing of its Red Hat deal, International Business Machines (NYSE:IBM) stock is back in the doldrums. Source: JHVEPhoto / Shutterstock.com Shares were due to open Aug. 22 at about $134.20. They’re down 7.5% over the last year, and almost 30% over the last five years.  Shareholders are still getting
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Philadelphia Fed President Patrick Harker said Thursday that while he reluctantly supported the central bank’s rate cut in July, he doesn’t see the case for additional stimulus. “We’re roughly where neutral is. It’s hard to know exactly where neutral is, but I think we’re roughly where neutral is right now. And I think we should
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Despite Chinese economic data pointing to an increasing demand for copper, the metal has been unable to catch a sustainable bid. The trade war has taken the front seat for the time being from a sentiment standpoint, and I expect it to keep a lid on copper until resolved. While many metals markets are testing
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Once again, the trillion-dollar curse has struck for Amazon.com (NASDAQ:AMZN). In July, Amazon stock cleared $2,000, and briefly touched the twelve-zero milestone. But as it did last year, the stock quickly pulled back; it’s now down about 11% from its 52-week high. Source: mirtmirt / Shutterstock.com The major catalyst has been a disappointing Q2 report.
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Stocks rallied Wednesday after President Donald Trump implied he’s open to making a deal with China on trade, but gains were capped by the release of minutes from the Federal Reserve’s July meeting. Source: rafapress / Shutterstock.com Those minutes revealed that some of the central bank’s governors pressed for a cut of 50 basis points
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Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battle, citing the issue multiple times during discussions at the central bank’s July
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