Another Wall Street strategist is lowering her year-end target on the S&P 500 (^GSPC), citing economic growth concerns. Following the S&P 500’s recent 10% drawdown, RBC Capital Markets head of US equity strategy Lori Calvasina lowered her year-end target...
Retail sales rose less than expected in February and saw downward revisions for January amid fears the US economy may be growing slower than Wall Street initially thought to start 2025. Headline retail sales rose 0.2% in February, less than the 0.6% increase...
The S&P 500 (^GSPC) has entered correction, falling 10% from its February all-time highs as political uncertainty has driven fears over the market outlook. “There’s been a sentiment shift,” Citi US equity strategist Scott Chronert told Yahoo...
Is there anybody left who likes President Trump’s new economic nihilism? There must be a few folks. Domestic steel and aluminum producers will see increased profits from Trump’s import tariffs, while everybody else pays more. The Wall Street Journal found a handful of...
A choppy February for investors was punctuated by a poor reading on consumer confidence, a soft report on consumer spending, and a sell-off across many of the momentum trades that had defined the market action this year. “The fear here among a lot of investors...
