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2022-12-03 13:44:51 Strong Stock Market Recovery Means Investors Have Faith in Powell’s Forward-Looking Outlook

The U.S. stock market made a spectacular recovery shortly before the cash market close on Friday with some investors treating the intraday sell-off as a buying opportunity ahead of the U.S. consumer inflation data on December 13 and the upcoming Federal Reserve monetary policy statement and interest rate decisions on December 14.

The stock market rebound suggests one bearish data point will not be enough to derail the bullish comments from Fed Chair Powell. Nonetheless, he did caution that monetary policy is likely to stay restrictive for some time until real signs of progress emerge on inflation.

Traders may have raised interest rate expectations for March and May after the jobs report, but keep in mind those expectations can be reduced with just one cooler than expected CPI report.

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2022-12-02 14:05:41 U.S. likely added 200,000 jobs in November, fewest in two years

Businesses are filling fewer open jobs and inflation has started to wane, but not fast enough for the Federal Reserve. The central bank wants the labor market to chill even faster to help keep inflation in check.

Businesses are filling fewer open jobs and inflation has started to wane, but not fast enough for the Federal Reserve. The central bank wants the labor market to chill even faster to help keep inflation in check.

Wall Street DJIA, -0.56% SPX, -0.09% predicts the unemployment rate will stay at 3.7% for the second month in a row.

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2022-12-02 14:03:28 Dollar on the Jobs Line

Having just closed out its worst month since 2010, the dollar's bull run may be ending.

The next test is Friday morning's U.S. jobs report, where a downside surprise could rip the dollar down further. Economists expect about 200,000 jobs were added last month.

Federal Reserve Chair Jerome Powell green-lit selling this week, surprising traders by not pushing back against markets' shifting financial conditions looser in the last few weeks.

Since the Fed hiked 75 basis points in November, 10-year Treasury yields have fallen more than 50 basis points and mortgage rates have followed -- erasing a fair chunk of the tightening.

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2022-12-01 15:54:35 Stock Futures Rise as Investors Await ADP Jobs Market Data

Traders are likely to react positively if the ADP jobs report shows fewer than expected jobs were created in the private sector in November.

The major U.S. stock index futures are edging higher on Wednesday as investors await the release of key labor market and growth reports. However, the major event will be an afternoon speech from Federal Reserve Chair Jerome Powell that is expected to give further insight into future rate hikes.

Traders are likely to react positively ahead of the cash market opening if the ADP jobs report shows fewer than expected jobs were created in the private sector in November. Ahead of the report, traders are looking for a reading of 190K.

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2022-12-01 15:52:34 Elon Musk Fears Economic Disaster if This Is Not Done Immediately

The richest man in the world runs five companies. And he never hesitates to let the world know what he thinks.

The economy's health remains the main subject of concern for consumers and investors, who just about every week see another wave of corporate job cuts.

Powell broke from the agreed Fed statement earlier this month, following the central bank's fourth consecutive 75-basis-point rate hike. He insisted to reporters that it was too soon to consider pausing rate hikes, even as the Federal Open Market Committee's clearly indicated that smaller increases, with an eye toward peak rates, would likely be required in coming months.

This is not the first time that Musk has warned of the consequences of rising interest rates for the economy. Last September, the entrepreneur warned that a jumbo interest rate increase would cause long-term deflation.

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2022-12-01 15:49:39 Powell signals 0.50% rate hike in December, citing need to 'moderate' pace

Federal Reserve Chair Jerome Powell set the table for a 50-basis point rate hike at the Fed's December policy meeting, saying in a speech on Wednesday it makes sense to "moderate" rate hikes as the Fed approaches its estimated peak in benchmark interest rates.

“It makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down,” Powell said in a speech at the Brookings Institution in Washington. “The time for moderating the pace of rate increases may come as soon as the December meeting.”

“The full effects of our rapid tightening so far are yet to be felt.”

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2022-11-30 15:25:59 The Developing World May Fall Into Energy Poverty Due To Europe’s Increasing Demand

Due to the decline in Russian imports, the European Union is currently experiencing an energy crisis. The developing world may fall into energy poverty due to Europe’s increasing demand.

“Europe is sucking gas away from other countries whatever the cost.”

The EU is anticipated to survive the approaching heating season despite skyrocketing energy costs since the bloc’s members have bought sufficient oil and natural gas. However, this comes at a tremendous cost to the world’s poorest countries, who are cut off from the gas market as a result of Europe’s insatiable appetite.

Emerging market nations run a major risk of not being able to satisfy their energy requirements. The most likely effects of the energy security issues include social discontent, increased frequency and duration of power outages, and factory closures.

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2022-11-29 18:55:45 NASDAQ Composite Futures Tumble on China COVID Concerns - Apple Under Pressure

The unrest in China triggered an early sell-off in the technology-heavy Nasdaq Composite Index as investors moved into safe-haven U.S. Treasury bonds.

Nasdaq Composite index futures are down in the pre-market session after gapping lower on the opening in response to protests in major Chinese cities against the country’s strict zero-COVID policy. The upheaval is reigniting concerns about economic growth in the world’s second largest economy. Meanwhile, shares of Apple are under pressure on a report of disruption in China production.

On the bullish side, if the protests subside then look for the Nasdaq Composite Index to turn higher for the session as traders shift their focus to the possibility of a slowdown in the size of future Federal Reserve rate hikes.

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2022-11-29 18:53:34 Don’t Forget the Importance of Censorship Resistance

Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer feature. I’m talking about censorship resistance.

Censorship resistance is one of the main value propositions of decentralized finance in general and Bitcoin specifically because it fundamentally separates the technology from any traditional financial tools. In fact, censorship resistance is so strong in Bitcoin as to render it an economic freedom enhancing technology.

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2022-11-26 15:50:45 Bye-Bye, Bear Market? The Worst Could Be Over for Stocks.

The worst may be over for the stock market.

Key equity indexes continued their autumn rally, and there could be more gains before the end of the year, helped by continued strength in the Treasury bond market.

The S&P 500 index gained 1.5% this past week to 4026, while the Dow Jones Industrial Average was up 1.8%, to 34,347. The S&P 500 is down 15.5% so far this year, while the Dow is off just 5.5%. The technology-heavy Nasdaq Composite is still off 28%.

The S&P 500 might topping its old high of nearly 4800 in early January and reaching 5000 in the next year, a gain of almost 25%. The index now trades for a reasonable 17 times 2023 estimated earnings.

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