Fed's Kashkari says it is appropriate to debate Sept rate cut: WSJ
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- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
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Are investors safe as VIX retraces at record pace?
August 20, 2024 9:06 AM EDTAs the VIX retraces at a record pace, Bank of America said in a note Tuesday that investors may be tempted to breathe a sigh of relief.
However, the bank questioned whether the coast is really clear just yet.
Analysts at BofA explained that after the volatility spike on August 5, the VIX rapidly stabilized, dropping back to its pre-August year-to-date average level in just seven daysa record-setting... More
S&P 500, stocks will continue to rally 'as long as growth is ok'
August 19, 2024 11:58 AM EDTBank of America analysts believe that U.S. equities are well-positioned to continue their upward trajectory, provided that economic growth remains stable.
In a recent note, the investment bank's analysts emphasized that "as long as growth is OK, equities can withstand a less-dovish Fed."
The focus for the market has shifted from inflation to growth,... More
Citi sticks to 5600 year-end S&P 500 target as earnings wind down
August 19, 2024 7:43 AM EDTCiti analysts have reaffirmed their bullish outlook for the S&P 500, maintaining a year-end target of 5600 despite some moderation in growth expectations for the second half of the year.
This optimism follows a better-than-expected earnings season in Q2, where S&P 500 earnings grew by 10.5% year-over-year, surpassing the anticipated 8.1% growth.
According to Citi, the "Mag 7" group of tech giants, which includes companies like Apple and Microsoft, played a significant role... More
