Treasury yields fall following Fed minutes

US Treasury yields fell on Thursday morning, as investors digested the latest Federal Reserve meeting minutes. The yield on the benchmark 10-year Treasury note ebbed 3 basis points to 2.7165% at 3:45 am ET. The yield on the 30-year Treasury bond moved 2 basis points lower to 2.9412%. Yields move inversely to prices and 1 … Read more

Recession won’t strike stocks despite ugly market

While retail investors head for the exits as stock prices fluctuate sharply, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes the economy will avert a recession – particularly due to healthy credit markets and continued gains. “The path to higher [stock] prices really … Read more

Breaking down the market’s tumble into a bear market — and what comes next

The relentless sell-off in stocks started marking some grim milestones this past week. The S&P 500 briefly dipped on Friday into bear market territory, trading more than 20% below its January intraday record. There’s no official definition for a bear market, so investors will debate whether we are in one officially now or not. Many … Read more

Stephen Roach gives stagflation warning, calls peak inflation absurd

Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the US is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not … Read more

U.S. stocks could have a further 15% to fall, strategist says

After a steep sell-off on Wednesday pushed the S&P 500 to the brink of bear market territory, one strategist warns there could be more pain ahead. The plunge came after Target fell well short of Wall Street’s earnings expectations as soaring inflation began to eat away at margins. The report sent the retail giant’s stock … Read more

CEO outlook dims sharply, with more than half expecting a recession ahead, survey shows

Corporate executives are taking a dim view of their prospects, with a majority now expecting a recession ahead, according to a closely watched business survey released Wednesday. The Conference Board measure of CEO sentiment showed that 57% of respondents expect inflation to come down “over the next few years” but the economy to sustain a … Read more

5 things to know before the stock market opens Wednesday, May 18

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as inflation claims another retailer Traders on the floor of the NYSE, May 17, 2022. Source: NYSE US stock futures dropped Wednesday as rising inflation slammed another retailer. Target sank more than 20% in … Read more

Weekly mortgage demand from homebuyers tumbles 12%

A sign of a home for sale is pictured in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images Mortgage rates actually fell slightly last week, but the damage has already been done to housing affordability. Both refinance and purchase loan demand dropped, pulling total mortgage application volume down 11% … Read more

Asia stocks mixed; Japan’s first quarter GDP data released

SINGAPORE – Shares in Asia-Pacific were mixed Wednesday morning following overnight comments from US Federal Reserve Chairman Jerome Powell, who said he’s resolved to raise rates until inflation comes down. The Nikkei 225 in Japan rose 0.7% while the Topix index traded 0.67% higher. Japan’s economy shrank 1% on an annualized basis in January-March as … Read more

Powell says the Fed will not hesitate to keep raising rates until inflation comes down

US Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on “The Semiannual Monetary Policy Report to Congress,” in Washington, DC, on March 3, 2022. Jonathan Ernst | AFP | Getty Images Federal Reserve Chairman Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases … Read more