UK Axes Regulators, Targets Welfare in Economic Growth Drive
The UK government will abolish more business regulators and scale back welfare spending in a bid to kick-start its stagnant economy. Chancellor of the Exchequer Rachel Reeves is summoning eight of the UK’s main regulators, including the Financial Conduct Authority, to...
‘A sentiment shift’: What Wall Street is saying after the S&P 500’s 10% tumble
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 Finance. "The...
Weekly Warm-up: Is the Correction Over?
With the S&P trading at the low end of our 1H range, a tradable rally is likely. Sentiment/positioning are lighter, seasonality is improving, and the DXY/10Y yield are down 6%/50bps over the last 2 months. This doesn't mean growth risks are extinguished....
Traders Gauging Stock Market’s Next Move Keep Wary Eye on Flows
The selloff that took the S&P 500 Index into a correction last week was notable for its relative calm. Now, as investors scour metrics of market sentiment and key price levels for hints of either a recovery or a further slide, they also need to watch a more...
This week in Trumponomics: Thumbs down all around
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...
Wall Street Battered Again by Trump Chaos as New Winners Emerge
This is the market Ben Inker has been waiting for. In the grip of Wall Street’s rebellion against President Donald Trump’s tariff agenda – with stocks down around 2% this week even after Friday’s big rebound – Inker is among a cohort of investors making money in this...
Marc Lasry Says Economy ‘Can’t Survive’ Under Trump Uncertainty
Marc Lasry, the billionaire co—founder of Avenue Capital Group, said the uncertainty over President Donald Trump’s policies, particularly on tariffs, is stalling investors looking to take advantage of market opportunities. “The problem for the markets is when they...
Gen Z Americans Don’t Have Enough Saved to Cover a Single Month of Spending
Younger Americans don’t have enough saved to cover a single month of spending, showcasing their vulnerability should the economy head into a downturn. Members of the Gen Z generation — people born after 1995 — were spending twice the amount they had in savings on...
State Street Tries to Tap Long-Lost Mojo With Private Credit ETF
The first-ever ETF to bring private assets to the masses was meant to be a milestone this year in Yie-Hsin Hung’s push to shake off State Street Corp.’s reputation for being cautious and boring. Hung has been tasked with reviving the appetite for innovation at State...
US Consumer Sentiment Drops, Price Expectations Soar on Tariffs
US consumer sentiment fell to a more than two-year low and long-term inflation expectations jumped by the most since 1993, illustrating growing apprehension about the economic impact from tariffs. The preliminary March sentiment index dropped to 57.9, the lowest level...
Tariffs End the Age of US Stocks Exceptionalism
Investors are the most bullish on Treasuries relative to stocks for at least three years, as President Donald Trump’s tariff policies threaten to end the era of US exceptionalism, the Bloomberg Markets Live Pulse survey showed. US bonds are expected to deliver a...
US household wealth eked out record high in fourth quarter on stock gains
U.S. household wealth eked out a fresh record high at the end of 2024, Federal Reserve data showed on Thursday, thanks to a stock market rally that appears to have run out of steam in the past three weeks. The net worth of households and non-profit groups rose about...
As Wall Street Gets Worried, Retail Crowd Keeps Buying US Stocks
Even as Donald Trump’s trade war sends the US stock market hurtling toward a correction, the individual investors who rode the bull run to record highs haven’t yet given up their faith. The so-called retail investors poured $7.3 billion into equities in the week...
Markets Rocked as Wall Street Frets Over Trump’s Economic Impact
What had been a steady pullback from the US stock market accelerated sharply Monday as investors retreated from virtually every type of risk and economic fear raced across Wall Street. Tech stocks tumbled by the most since 2022, sending the Nasdaq 100 Index diving...