Shutterstock The Wall Street Journal commits an error in “Big 6 Banks (*) Leave S&P Behind After Posting Strong Profits” (on page B-1 in July 19 print edition). The graph supporting this better-than-market interpretation focuses on too short a period – from July 12, the day before JP Morgan Chase, Citigroup and Wells Fargo led off the
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In early February, the stock market was in sell-off mode because inflation and rate hikes were pushing up fixed income yields, which was increasing borrowing costs and pressuring equity valuations. But, after analyzing the long-term relationship between equity yields and Treasury yields, I discovered that, because of presently robust economic strength and tax cuts, Treasury
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President Donald Trump‘s criticism of monetary policy won’t have much impact on how the Federal Reserve goes about its business, judging by initial market reaction. While making for more eye-popping headlines out of the Oval Office, the president’s complaints that rising interest rates are hampering economic progress did not move the fed funds futures market,
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For the past several years, streaming giant Netflix (NASDAQ:NFLX) and pizza giant Domino’s (NYSE:DPZ) have rallied side by side as the at-home economy has grown in popularity. Put simply, consumers are staying home more often than they used to. That means more binge-watching Netflix shows and more binge-eating Domino’s pizzas, which are conveniently delivered. But,
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Photographer: Stefan Wermuth/Bloomberg Introduction Many investors like to keep some gold in their investment portfolio — “just in case”.  This may be especially true now, considering recent geopolitical strife — which is about as acute as it has been in a long time.   However, in our view, adjusting your portfolio allocations based on what you
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If you’re a regular viewer of C-SPAN or CNBC, you probably know that Federal Reserve Chairman Jerome “Jay” Powell visited the Senate Banking Committee on Tuesday, and delivered his economic outlook to members of the House of Representatives on Wednesday. The Fed chair’s semiannual monetary report to Congress has been required by the Humphrey–Hawkins Full
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Since naming Satya Nadella as its CEO in 2014, Microsoft (NASDAQ:MSFT) has gone from being among the weakest big techs to the strongest of the Cloud Czars. If Americans slow their purchasing, Amazon (NASDAQ:AMZN) might fall. If they prefer Android phones, Apple (NASDAQ:AAPL) could fall. Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Facebook (NASDAQ:FB) rely on advertising to pay
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U.S. stock futures are divided this morning. Wall Street is torn between cheering positive corporate earnings results and taking shelter from growing trade fears. In earnings, General Electric (NYSE:GE) and Microsoft (NASDAQ:MSFT) both posted solid quarterly results. However, President Donald Trump is preparing to put more than $500 billion in tariffs on Chinese goods imported
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Check out the companies making headlines after the bell: Shares of Skechers plummeted more than 20 percent in extended-hours trading. The shoe company missed analysts’ earnings expectations for its second quarter, posting only 29 cents per share compared with the 41 cents that was estimated. Skechers met analysts’ revenue expectations, generating $1.13 billion for its
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iQIYI, Inc (NASDAQ:IQ) benefits from the same protection from foreign competition that other Chinese companies enjoy and for now that’s helping IQ stock a bit. Much like the protection Baidu (NASDAQ:BIDU) enjoys from Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) or that Alibaba (NYSE:BABA) or JD.Com (NASDAQ:JD) have from the Amazon (NASDAQ:AMZN) threat, IQ stock benefits from not having to compete against
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