JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy right now. “I’m not sure how … Read more
A view of a fuel station as fuel costs are on the highest degree from final yr in Virginia, on August 16, 2023. Celal Gunes | Anadolu Company | Getty Pictures This report is from at present’s CNBC Every day Open, our new, worldwide markets e-newsletter. CNBC Every day Open brings traders on top of … Read more
The patron worth index rose 3.2% from a yr in the past in July, an indication that inflation has misplaced at the very least a few of its grip on the U.S. economic system. Costs accelerated a seasonally adjusted 0.2% for the month, in keeping with the Dow Jones estimate, the Bureau of Labor Statistics … Read more
Inflation fell to its lowest annual price in additional than two years throughout June, the product each of some deceleration in prices and simple comparisons in opposition to a time when value will increase have been working at a greater than 40-year excessive. The patron value index, which measures inflation, elevated 3% from a 12 … Read more
China’s pandemic-battered economic system is beginning to see shoppers open their wallets wider, based on KraneShares’ Brendan Ahern. “We’re seeing the incremental rebound from the Chinese language client,” the agency’s chief funding officer instructed “ETF Edge” this week. “[But] it isn’t like turning on a lightweight swap.” The Nationwide Bureau of Statistics of China studies … Read more