Mar 25, 2024 | Markets
While the slump in China’s property sector has been steep, Chinese policymakers have responded to the falloff in property activity with policies designed to spur activity in the manufacturing sector. The apparent hope is that a pivot toward production-intensive growth...
Mar 25, 2024 | Markets
Wall Street has a new high water mark for the S&P 500 (^GSPC). Oppenheimer chief investment strategist John Stoltzfus now sees the benchmark index ending the year at 5,500, reflecting a roughly 5% increase from Friday’s close. The call comes after a surge in...
Mar 23, 2024 | Markets
The American dream of homeownership is becoming increasingly elusive in many parts of the country. As people flee expensive states in search of affordability and quality of life, they’re also unknowingly sowing the seeds for potential housing market instability. This...
Mar 22, 2024 | Markets
Pimco co-founder notes stocks unaffected by higher real yields Bonds are unattractive because there’s ‘too much supply’ Bill Gross warned that investors are in for a bumpy ride as “excessive exuberance” sweeps financial markets. The S&P 500 Index surged above...
Mar 22, 2024 | Markets
This post presents an update of the economic forecasts generated by the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (DSGE) model. We describe very briefly our forecast and its change since December 2023. As usual, we wish to remind our...
Mar 21, 2024 | Markets
As Japanese equities soar to record highs after a decadeslong slump, the government is now trying to encourage retail investors to put their one quadrillion yen in cash savings to work in the stock market. The latest Bank of Japan quarterly survey showed that...
