The pros said “let the bond market speak.” But investors don’t like what it’s saying on Tuesday. After an unusual intervention by the Treasury Department in August did little to tamp down bond-market jitters, US Treasury yields are spiking again, but the latest sell-off isn’t confined to the US. A host of macroeconomic fears is
Investors were glued to their TVs on Friday as Federal Reserve boss Kevin Warsh stepped up to the podium at the annual Jackson Hole Economic Symposium. The hotly anticipated remarks held a few key takeaways for investors. For one, Warsh reiterated what many already knew, which is that the era of forward guidance from the
Investors are split on the AI trade, but they’ve converging on one sector of the stock market in particular in recent months: financials. Hedge funds and mutual funds have both poured money into the sector, even as their investing moves diverge when it comes to high-flying areas like AI. In fact, both groups’ buying of
Two major events are likely to drive financial markets this week: Nvidia’s second-quarter earnings report and the Fed’s annual Jackson Hole Economic Symposium. Before diving into each of those, let’s take a step back and look at the bigger picture. Perhaps the biggest development in markets over the last week has been the surge in
The word “Goldilocks” is meme-ing out in US markets right now. It’s a reference to how recent economic data has been neither too cold nor too hot. The labor market and consumer spending have been cooling lately, while inflation has remained relatively mild. For the purposes of keeping interest rates on hold, the recent figures
SpaceX stock has stumbled out of the gate since its IPO in June, but one veteran fund manager thinks there’s more trouble ahead for Elon Musk’s rocket company. George Noble, formerly the manager of Fidelity Overseas Fund, was bearish on the stock as it headed for its IPO, and his tune hasn’t changed since the