Bloomberg fined $5 million by the SEC for misleading disclosures

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JPMorgan Strategist Marko Kolanovic: 'A recession is currently not priced into equity markets, in our view...'

January 23, 2023 1:55 PM EST

JPMorgan Global Market Strategist Marko Kolanovic comments "The recent weakening of economic data and anticipated decline in earnings expectations/weak FY23 guidance are pointing to markets that are likely to move lower, in our view. Recent equity inflows are likely running out of steam, while pensions overfunded status could drive an increase in their reallocation from equities to bonds this year. A recession is currently not priced into equity... More

Fed needs mortgage-backed securities exit plan 'earlier than later,' George says

January 23, 2023 1:36 PM EST

By Howard Schneider

WASHINGTON (Reuters) - Kansas City Federal Reserve President Esther George has urged her colleagues to come to terms "earlier than later" on a plan for the U.S. central bank to exit the mortgage-backed securities (MBS) market and be more explicit on how bond purchases will figure into future monetary policy.

"You can't just wake up one day and say, 'hey, we're going to get out of this business,'" George, who is retiring from her position at the end of this month, told Reuters in an interview published on Monday.

She noted... More

S&P 500 Continues to Surge, Now Up 1.4%, Nasdaq Up 1.9%

January 23, 2023 11:07 AM EST

S&P 500 Continues to Surge, Now Up 1.4%, Nasdaq Up 1.9%

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S&P 500, Extends Gain, Up 1%, Nasdaq Up 1.6%

January 23, 2023 10:50 AM EST

S&P 500, Extends Gain, Up 1%, Nasdaq Up 1.6%

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U.S. leading indicators index falls for 10th straight month

January 23, 2023 10:31 AM EST

(Reuters) - A gauge of future U.S. economic activity tumbled for a 10th straight month in December with a widespread weakening outlook for manufacturing, home building and both job and financial markets.

The Conference Board on Monday said its Leading Economic Index slid 1.0% in December following a... More

Leading Index (Dec) -1% vs -0.7% Expected

January 23, 2023 10:00 AM EST

Leading Index (Dec) -1% vs -0.7% Expected

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S&P 500 Climbs 0.4%, Nasdaq Up 0.75%

January 23, 2023 9:48 AM EST

S&P 500 Climbs 0.4%, Nasdaq Up 0.75%

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