Roaring labor market puts ‘boomflation’ back on the map for investors

The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond portfolios, particularly if it turns into a mix of higher growth and inflation with staying power. What to even call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, pointing … Read more

World stock markets mixed ahead of US jobs data

Global stock markets and Wall Street equity futures were mixed Friday ahead of an update on the US jobs market while the Federal Reserve weighs whether more interest rate hikes are needed to cool surging inflation. London, Paris and Frankfurt stocks were lower while Shanghai and Tokyo advanced. Oil prices fell back. Investors were looking … Read more

Why the US stock rally is starting to look like a new bull market, according to these analysts

Broader is better when it comes to the stock market rally and some analysts see technical signs that gains may be signaling the end of the 2022 bear market, although it’s too early to say for sure. “The risk that the recent advance is merely a bear market rally has not been eliminated. But…the technical … Read more

Big Tech survived the earnings test, but many more tech companies are picking up their pencils

Wall Street breathed a sigh of relief after Big Tech produced results that were largely not as bad as feared (except for Facebook), but the hardest part of this earnings season may arrive in the coming week. A parade of smaller tech companies in sectors that received a huge pandemic bounce that may be coming … Read more

Here’s the threat to markets if investors ignore ‘nontrivial’ stagflation risk

Financial market participants completely missed the non-transitory nature of inflation over the past year, failing in what one portfolio manager describes as “spectacular fashion.” Now, as investors and traders worry about the prospects of a US or global recession, they’re staying tuned to profit warnings like the one from Walmart Inc., which demonstrate that inflation … Read more

US stocks slip after Walmart profit warning, gloomy IMF economic warning

US stocks edged lower Tuesday, hurt by Walmart Inc. cutting profit guidance ahead of a wave of corporate earnings reports this week, while the International Monetary Fund warned of the potential for a sharp global slowdown. What’s happening The Dow Jones Industrial Average DJIA, -0.33% fell 90 points, or 0.3%, to 31,900. The S&P 500 … Read more

Small-caps lead stock-market surge as Russell 2000 sees biggest gain since January 2021

Small-cap stocks had a big day on Tuesday. The Russell 2000 RUT, +3.50%, a benchmark index for small-cap stocks made up of the 2,000 smallest stocks in the broad Russell 3000 RUA, +2.83%, jumped 3.5% to close at 1,799.33. That was its biggest one-day rise since Jan. 6, 2021, and its highest close since June … Read more

US stock futures rise ahead of retail sales data, Citigroup results

US stock futures moved higher on Friday, as investors awaited data including retail sales and the University of Michigan sentiment survey, as well as earnings from Citigroup Inc. and Wells Fargo & Co. How are stock-index futures trading? Futures on the Dow Jones Industrial Average YM00, + 0.25% rose 113 points, or 0.4%, to 30717. … Read more

‘The good, the bad and the ugly’: here’s how the market might react to the latest US inflation data

Expectations for US inflation have fallen over the past month thanks largely to the drop in industrial and agricultural commodity prices. This trend has shown up in the Federal Reserve Bank of New York’s Survey of Consumer Expectations, which saw expectations for inflation both three years and five years from now both decline in June. … Read more

4 big risks facing the stock market as earnings season kicks off

As investors’ concerns about slowing US economic growth manifested in the form of falling commodity prices, while the strong US dollar weighs on American multinationals’ international earnings, analysts with Bank of America Global Research BAC, -1.34% and other sell-side research shops have highlighted the following paradox: expectations for corporate earnings growth remain relatively robust, even … Read more