Nouriel Roubini, "Dr. Doom," Expects a Severe, Long and Ugly Recession - Bloomberg

Adam Crisafulli of Vital Knowledge on Market Rally: 'If the market wants to have a 'could have been worse' rally, so be it, but it won't last long, winter is still coming'

September 21, 2022 3:23 PM EDT

Analyst Adam Cr of Vital Knowledge comments "How bears view the Fed anyone who tries to spin this announcement as bullish is nuts. The Fed has jacked up rates 300bp already this year and it will do another 125bp before 12/31 (75bp on 11/2 and 50bp on 12/14) coupled with ~50bp in 2023 while... More

Wells Fargo Puts Fed Funds Peak at 4-4.25 Percent, 'We expected a downshift to 50 bps at the November FOMC'

September 21, 2022 3:21 PM EDT

Wells Fargo Chief Economist Jay Bryson comments "At the start of the year, the Federal Reserve was still easing monetary policy via purchases of Treasury securities and mortgage-backed securities. Just nine months later, the median FOMC participant expects the federal funds rate to finish the year 4.4%, a rate not... More

S&P 500 Buybacks Plunge 21.8% in Q2 as Financials Pull Back Sharply

September 20, 2022 10:24 AM EDT

Stock buybacks for S&P 500 companies were $219.6 billion in the second quarter, down 21.8% from the first quarter's record of $281.0 billion, according to S&P Dow Jones Indices.

Notably, financials significantly cut back on buybacks, decreasing their expenditures 61.2% to $21.2 billion. Also, Health Care buybacks decreased 58.2% in the quarter.

Buybacks remained... More

Housing Starts (Aug) 1.575M vs 1.45M Expected

September 20, 2022 8:30 AM EDT

Housing Starts (Aug) 1.575M vs 1.45M Expected

... More

Wall Street falls as Fed, Ford forecasts, give fright

September 20, 2022 6:49 AM EDT

By David French

(Reuters) - Wall Street ended Tuesday lower as the eve of a U.S. Federal Reserve meeting expected to bring another large interest rate hike brought further evidence of the impact on corporate America from the inflation that the U.S. central bank wants to tame.

The benchmark S&P 500 index has dropped 19.1% so far this year as investors fear aggressive policy tightening measures by the Fed could tip the U.S. economy into a recession.

It closed for the third straight session below 3,900 points - a level considered by technical analysts... More

Stocks drop, yields rise; investors brace for Fed, other central bank meetings

September 19, 2022 10:17 PM EDT

By Caroline Valetkevitch

NEW YORK (Reuters) - Global stocks fell on Tuesday while the yield on two-year U.S. Treasury notes rose to almost a 15-year high as investors prepared for the likelihood of another 75-basis-point interest rate hike from the Federal Reserve.

The Fed is set to announce its decision on Wednesday at the end of a two-day policy meeting. Rate futures traders are pricing in an 81% chance of a 75 basis point hike and a 19% probability of a 100 bps of tightening.

Britain, Norway, Switzerland and Japan also have monetary policy meetings this week.

Earlier on... More