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With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"S&P<\/figure>\n\n\n\n

Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Conversely, positive earnings can drive investor optimism, leading to increased buying activity and higher stock prices.<\/p>\n\n\n\n

\"S&P<\/figure>\n\n\n\n

Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The second-quarter earnings season has shifted into high gear, with Alphabet (GOOG) and Tesla set to report their results after the bell on Tuesday. The big question is if tech-related megacaps can maintain their recent strong earnings growth and whether this growth is starting to extend to other sectors.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Conversely, positive earnings can drive investor optimism, leading to increased buying activity and higher stock prices.<\/p>\n\n\n\n

\"S&P<\/figure>\n\n\n\n

Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Lower interest rates typically exert downward pressure on the US dollar, which can, in turn, support assets that are seen as alternatives to the dollar, such as gold and Bitcoin.<\/p>\n","post_title":"Fed's Chairman Jerome Powell Signals September Rate Cut, Sending Markets Higher","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"feds-chairman-jerome-powell-signals-september-rate-cut-sending-markets-higher","to_ping":"","pinged":"","post_modified":"2024-08-26 01:34:41","post_modified_gmt":"2024-08-25 15:34:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17954,"post_author":"14","post_date":"2024-07-26 22:32:26","post_date_gmt":"2024-07-26 12:32:26","post_content":"\n

The second-quarter earnings season has shifted into high gear, with Alphabet (GOOG) and Tesla set to report their results after the bell on Tuesday. The big question is if tech-related megacaps can maintain their recent strong earnings growth and whether this growth is starting to extend to other sectors.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Conversely, positive earnings can drive investor optimism, leading to increased buying activity and higher stock prices.<\/p>\n\n\n\n

\"S&P<\/figure>\n\n\n\n

Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

According to the CME FedWatch tool, the probability of a 50 basis point cut has risen to 32.5%, up from 24% just a day ago. Upcoming economic data, particularly the August employment and inflation reports, will play a crucial role in the Fed's final decision. These reports will provide the necessary clarity on whether the US economy is indeed on a sustainable path to the Fed's inflation target.<\/p>\n\n\n\n

Lower interest rates typically exert downward pressure on the US dollar, which can, in turn, support assets that are seen as alternatives to the dollar, such as gold and Bitcoin.<\/p>\n","post_title":"Fed's Chairman Jerome Powell Signals September Rate Cut, Sending Markets Higher","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"feds-chairman-jerome-powell-signals-september-rate-cut-sending-markets-higher","to_ping":"","pinged":"","post_modified":"2024-08-26 01:34:41","post_modified_gmt":"2024-08-25 15:34:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17954,"post_author":"14","post_date":"2024-07-26 22:32:26","post_date_gmt":"2024-07-26 12:32:26","post_content":"\n

The second-quarter earnings season has shifted into high gear, with Alphabet (GOOG) and Tesla set to report their results after the bell on Tuesday. The big question is if tech-related megacaps can maintain their recent strong earnings growth and whether this growth is starting to extend to other sectors.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Conversely, positive earnings can drive investor optimism, leading to increased buying activity and higher stock prices.<\/p>\n\n\n\n

\"S&P<\/figure>\n\n\n\n

Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

With the September Federal Open Market Committee (FOMC) meeting on the horizon, the central question remains: Will the Fed opt for a 25- or 50-basis-point rate cut? While markets currently favor a 25-basis-point reduction, the likelihood of a more substantial 50-basis-point cut has increased.<\/p>\n\n\n\n

According to the CME FedWatch tool, the probability of a 50 basis point cut has risen to 32.5%, up from 24% just a day ago. Upcoming economic data, particularly the August employment and inflation reports, will play a crucial role in the Fed's final decision. These reports will provide the necessary clarity on whether the US economy is indeed on a sustainable path to the Fed's inflation target.<\/p>\n\n\n\n

Lower interest rates typically exert downward pressure on the US dollar, which can, in turn, support assets that are seen as alternatives to the dollar, such as gold and Bitcoin.<\/p>\n","post_title":"Fed's Chairman Jerome Powell Signals September Rate Cut, Sending Markets Higher","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"feds-chairman-jerome-powell-signals-september-rate-cut-sending-markets-higher","to_ping":"","pinged":"","post_modified":"2024-08-26 01:34:41","post_modified_gmt":"2024-08-25 15:34:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17954,"post_author":"14","post_date":"2024-07-26 22:32:26","post_date_gmt":"2024-07-26 12:32:26","post_content":"\n

The second-quarter earnings season has shifted into high gear, with Alphabet (GOOG) and Tesla set to report their results after the bell on Tuesday. The big question is if tech-related megacaps can maintain their recent strong earnings growth and whether this growth is starting to extend to other sectors.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Conversely, positive earnings can drive investor optimism, leading to increased buying activity and higher stock prices.<\/p>\n\n\n\n

\"S&P<\/figure>\n\n\n\n

Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The immediate response to Powell's speech was positive across the board. Bitcoin surged by over 1%, reaching $61,900, reflecting increased optimism among investors. Traditional markets mirrored this sentiment, with the Nasdaq climbing 1.7% and the S&P 500 rising by 1.2%. Even gold, often seen as a haven, experienced a 1% increase. Meanwhile, the 10-year Treasury yield dipped five basis points to 3.80%, and the US dollar index fell by 0.6%.<\/p>\n\n\n\n

With the September Federal Open Market Committee (FOMC) meeting on the horizon, the central question remains: Will the Fed opt for a 25- or 50-basis-point rate cut? While markets currently favor a 25-basis-point reduction, the likelihood of a more substantial 50-basis-point cut has increased.<\/p>\n\n\n\n

According to the CME FedWatch tool, the probability of a 50 basis point cut has risen to 32.5%, up from 24% just a day ago. Upcoming economic data, particularly the August employment and inflation reports, will play a crucial role in the Fed's final decision. These reports will provide the necessary clarity on whether the US economy is indeed on a sustainable path to the Fed's inflation target.<\/p>\n\n\n\n

Lower interest rates typically exert downward pressure on the US dollar, which can, in turn, support assets that are seen as alternatives to the dollar, such as gold and Bitcoin.<\/p>\n","post_title":"Fed's Chairman Jerome Powell Signals September Rate Cut, Sending Markets Higher","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"feds-chairman-jerome-powell-signals-september-rate-cut-sending-markets-higher","to_ping":"","pinged":"","post_modified":"2024-08-26 01:34:41","post_modified_gmt":"2024-08-25 15:34:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17954,"post_author":"14","post_date":"2024-07-26 22:32:26","post_date_gmt":"2024-07-26 12:32:26","post_content":"\n

The second-quarter earnings season has shifted into high gear, with Alphabet (GOOG) and Tesla set to report their results after the bell on Tuesday. The big question is if tech-related megacaps can maintain their recent strong earnings growth and whether this growth is starting to extend to other sectors.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Conversely, positive earnings can drive investor optimism, leading to increased buying activity and higher stock prices.<\/p>\n\n\n\n

\"S&P<\/figure>\n\n\n\n

Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Market Reactions To Powell's Speech<\/h2>\n\n\n\n

The immediate response to Powell's speech was positive across the board. Bitcoin surged by over 1%, reaching $61,900, reflecting increased optimism among investors. Traditional markets mirrored this sentiment, with the Nasdaq climbing 1.7% and the S&P 500 rising by 1.2%. Even gold, often seen as a haven, experienced a 1% increase. Meanwhile, the 10-year Treasury yield dipped five basis points to 3.80%, and the US dollar index fell by 0.6%.<\/p>\n\n\n\n

With the September Federal Open Market Committee (FOMC) meeting on the horizon, the central question remains: Will the Fed opt for a 25- or 50-basis-point rate cut? While markets currently favor a 25-basis-point reduction, the likelihood of a more substantial 50-basis-point cut has increased.<\/p>\n\n\n\n

According to the CME FedWatch tool, the probability of a 50 basis point cut has risen to 32.5%, up from 24% just a day ago. Upcoming economic data, particularly the August employment and inflation reports, will play a crucial role in the Fed's final decision. These reports will provide the necessary clarity on whether the US economy is indeed on a sustainable path to the Fed's inflation target.<\/p>\n\n\n\n

Lower interest rates typically exert downward pressure on the US dollar, which can, in turn, support assets that are seen as alternatives to the dollar, such as gold and Bitcoin.<\/p>\n","post_title":"Fed's Chairman Jerome Powell Signals September Rate Cut, Sending Markets Higher","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"feds-chairman-jerome-powell-signals-september-rate-cut-sending-markets-higher","to_ping":"","pinged":"","post_modified":"2024-08-26 01:34:41","post_modified_gmt":"2024-08-25 15:34:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17954,"post_author":"14","post_date":"2024-07-26 22:32:26","post_date_gmt":"2024-07-26 12:32:26","post_content":"\n

The second-quarter earnings season has shifted into high gear, with Alphabet (GOOG) and Tesla set to report their results after the bell on Tuesday. The big question is if tech-related megacaps can maintain their recent strong earnings growth and whether this growth is starting to extend to other sectors.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Conversely, positive earnings can drive investor optimism, leading to increased buying activity and higher stock prices.<\/p>\n\n\n\n

\"S&P<\/figure>\n\n\n\n

Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks<\/a><\/p>\n\n\n\n

Market Reactions To Powell's Speech<\/h2>\n\n\n\n

The immediate response to Powell's speech was positive across the board. Bitcoin surged by over 1%, reaching $61,900, reflecting increased optimism among investors. Traditional markets mirrored this sentiment, with the Nasdaq climbing 1.7% and the S&P 500 rising by 1.2%. Even gold, often seen as a haven, experienced a 1% increase. Meanwhile, the 10-year Treasury yield dipped five basis points to 3.80%, and the US dollar index fell by 0.6%.<\/p>\n\n\n\n

With the September Federal Open Market Committee (FOMC) meeting on the horizon, the central question remains: Will the Fed opt for a 25- or 50-basis-point rate cut? While markets currently favor a 25-basis-point reduction, the likelihood of a more substantial 50-basis-point cut has increased.<\/p>\n\n\n\n

According to the CME FedWatch tool, the probability of a 50 basis point cut has risen to 32.5%, up from 24% just a day ago. Upcoming economic data, particularly the August employment and inflation reports, will play a crucial role in the Fed's final decision. These reports will provide the necessary clarity on whether the US economy is indeed on a sustainable path to the Fed's inflation target.<\/p>\n\n\n\n

Lower interest rates typically exert downward pressure on the US dollar, which can, in turn, support assets that are seen as alternatives to the dollar, such as gold and Bitcoin.<\/p>\n","post_title":"Fed's Chairman Jerome Powell Signals September Rate Cut, Sending Markets Higher","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"feds-chairman-jerome-powell-signals-september-rate-cut-sending-markets-higher","to_ping":"","pinged":"","post_modified":"2024-08-26 01:34:41","post_modified_gmt":"2024-08-25 15:34:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17954,"post_author":"14","post_date":"2024-07-26 22:32:26","post_date_gmt":"2024-07-26 12:32:26","post_content":"\n

The second-quarter earnings season has shifted into high gear, with Alphabet (GOOG) and Tesla set to report their results after the bell on Tuesday. The big question is if tech-related megacaps can maintain their recent strong earnings growth and whether this growth is starting to extend to other sectors.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Conversely, positive earnings can drive investor optimism, leading to increased buying activity and higher stock prices.<\/p>\n\n\n\n

\"S&P<\/figure>\n\n\n\n

Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

This adjustment<\/a>, he explained, is driven by growing confidence that inflation is moving towards the Fed's 2% target and a significant cooling in the labor market. \"We do not seek or welcome further cooling in labor market conditions,\" he emphasized, pointing to a delicate balance the Fed aims to maintain.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks<\/a><\/p>\n\n\n\n

Market Reactions To Powell's Speech<\/h2>\n\n\n\n

The immediate response to Powell's speech was positive across the board. Bitcoin surged by over 1%, reaching $61,900, reflecting increased optimism among investors. Traditional markets mirrored this sentiment, with the Nasdaq climbing 1.7% and the S&P 500 rising by 1.2%. Even gold, often seen as a haven, experienced a 1% increase. Meanwhile, the 10-year Treasury yield dipped five basis points to 3.80%, and the US dollar index fell by 0.6%.<\/p>\n\n\n\n

With the September Federal Open Market Committee (FOMC) meeting on the horizon, the central question remains: Will the Fed opt for a 25- or 50-basis-point rate cut? While markets currently favor a 25-basis-point reduction, the likelihood of a more substantial 50-basis-point cut has increased.<\/p>\n\n\n\n

According to the CME FedWatch tool, the probability of a 50 basis point cut has risen to 32.5%, up from 24% just a day ago. Upcoming economic data, particularly the August employment and inflation reports, will play a crucial role in the Fed's final decision. These reports will provide the necessary clarity on whether the US economy is indeed on a sustainable path to the Fed's inflation target.<\/p>\n\n\n\n

Lower interest rates typically exert downward pressure on the US dollar, which can, in turn, support assets that are seen as alternatives to the dollar, such as gold and Bitcoin.<\/p>\n","post_title":"Fed's Chairman Jerome Powell Signals September Rate Cut, Sending Markets Higher","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"feds-chairman-jerome-powell-signals-september-rate-cut-sending-markets-higher","to_ping":"","pinged":"","post_modified":"2024-08-26 01:34:41","post_modified_gmt":"2024-08-25 15:34:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17954,"post_author":"14","post_date":"2024-07-26 22:32:26","post_date_gmt":"2024-07-26 12:32:26","post_content":"\n

The second-quarter earnings season has shifted into high gear, with Alphabet (GOOG) and Tesla set to report their results after the bell on Tuesday. The big question is if tech-related megacaps can maintain their recent strong earnings growth and whether this growth is starting to extend to other sectors.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Conversely, positive earnings can drive investor optimism, leading to increased buying activity and higher stock prices.<\/p>\n\n\n\n

\"S&P<\/figure>\n\n\n\n

Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

After a prolonged period of high interest rates aimed at curbing inflation, Powell's declaration marks a pivotal moment. \"The time has come for policy to adjust,\" Powell stated, signaling the Fed's readiness to pivot towards easing its monetary stance.<\/p>\n\n\n\n

This adjustment<\/a>, he explained, is driven by growing confidence that inflation is moving towards the Fed's 2% target and a significant cooling in the labor market. \"We do not seek or welcome further cooling in labor market conditions,\" he emphasized, pointing to a delicate balance the Fed aims to maintain.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks<\/a><\/p>\n\n\n\n

Market Reactions To Powell's Speech<\/h2>\n\n\n\n

The immediate response to Powell's speech was positive across the board. Bitcoin surged by over 1%, reaching $61,900, reflecting increased optimism among investors. Traditional markets mirrored this sentiment, with the Nasdaq climbing 1.7% and the S&P 500 rising by 1.2%. Even gold, often seen as a haven, experienced a 1% increase. Meanwhile, the 10-year Treasury yield dipped five basis points to 3.80%, and the US dollar index fell by 0.6%.<\/p>\n\n\n\n

With the September Federal Open Market Committee (FOMC) meeting on the horizon, the central question remains: Will the Fed opt for a 25- or 50-basis-point rate cut? While markets currently favor a 25-basis-point reduction, the likelihood of a more substantial 50-basis-point cut has increased.<\/p>\n\n\n\n

According to the CME FedWatch tool, the probability of a 50 basis point cut has risen to 32.5%, up from 24% just a day ago. Upcoming economic data, particularly the August employment and inflation reports, will play a crucial role in the Fed's final decision. These reports will provide the necessary clarity on whether the US economy is indeed on a sustainable path to the Fed's inflation target.<\/p>\n\n\n\n

Lower interest rates typically exert downward pressure on the US dollar, which can, in turn, support assets that are seen as alternatives to the dollar, such as gold and Bitcoin.<\/p>\n","post_title":"Fed's Chairman Jerome Powell Signals September Rate Cut, Sending Markets Higher","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"feds-chairman-jerome-powell-signals-september-rate-cut-sending-markets-higher","to_ping":"","pinged":"","post_modified":"2024-08-26 01:34:41","post_modified_gmt":"2024-08-25 15:34:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17954,"post_author":"14","post_date":"2024-07-26 22:32:26","post_date_gmt":"2024-07-26 12:32:26","post_content":"\n

The second-quarter earnings season has shifted into high gear, with Alphabet (GOOG) and Tesla set to report their results after the bell on Tuesday. The big question is if tech-related megacaps can maintain their recent strong earnings growth and whether this growth is starting to extend to other sectors.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Conversely, positive earnings can drive investor optimism, leading to increased buying activity and higher stock prices.<\/p>\n\n\n\n

\"S&P<\/figure>\n\n\n\n

Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Fed Chairman Jerome Powell's latest remarks have set the stage for a significant shift in US monetary policy, Coindesk reported. Speaking at the Jackson Hole Symposium, Powell confirmed what many had anticipated: rate cuts are likely coming in September.<\/p>\n\n\n\n

After a prolonged period of high interest rates aimed at curbing inflation, Powell's declaration marks a pivotal moment. \"The time has come for policy to adjust,\" Powell stated, signaling the Fed's readiness to pivot towards easing its monetary stance.<\/p>\n\n\n\n

This adjustment<\/a>, he explained, is driven by growing confidence that inflation is moving towards the Fed's 2% target and a significant cooling in the labor market. \"We do not seek or welcome further cooling in labor market conditions,\" he emphasized, pointing to a delicate balance the Fed aims to maintain.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks<\/a><\/p>\n\n\n\n

Market Reactions To Powell's Speech<\/h2>\n\n\n\n

The immediate response to Powell's speech was positive across the board. Bitcoin surged by over 1%, reaching $61,900, reflecting increased optimism among investors. Traditional markets mirrored this sentiment, with the Nasdaq climbing 1.7% and the S&P 500 rising by 1.2%. Even gold, often seen as a haven, experienced a 1% increase. Meanwhile, the 10-year Treasury yield dipped five basis points to 3.80%, and the US dollar index fell by 0.6%.<\/p>\n\n\n\n

With the September Federal Open Market Committee (FOMC) meeting on the horizon, the central question remains: Will the Fed opt for a 25- or 50-basis-point rate cut? While markets currently favor a 25-basis-point reduction, the likelihood of a more substantial 50-basis-point cut has increased.<\/p>\n\n\n\n

According to the CME FedWatch tool, the probability of a 50 basis point cut has risen to 32.5%, up from 24% just a day ago. Upcoming economic data, particularly the August employment and inflation reports, will play a crucial role in the Fed's final decision. These reports will provide the necessary clarity on whether the US economy is indeed on a sustainable path to the Fed's inflation target.<\/p>\n\n\n\n

Lower interest rates typically exert downward pressure on the US dollar, which can, in turn, support assets that are seen as alternatives to the dollar, such as gold and Bitcoin.<\/p>\n","post_title":"Fed's Chairman Jerome Powell Signals September Rate Cut, Sending Markets Higher","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"feds-chairman-jerome-powell-signals-september-rate-cut-sending-markets-higher","to_ping":"","pinged":"","post_modified":"2024-08-26 01:34:41","post_modified_gmt":"2024-08-25 15:34:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17954,"post_author":"14","post_date":"2024-07-26 22:32:26","post_date_gmt":"2024-07-26 12:32:26","post_content":"\n

The second-quarter earnings season has shifted into high gear, with Alphabet (GOOG) and Tesla set to report their results after the bell on Tuesday. The big question is if tech-related megacaps can maintain their recent strong earnings growth and whether this growth is starting to extend to other sectors.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Conversely, positive earnings can drive investor optimism, leading to increased buying activity and higher stock prices.<\/p>\n\n\n\n

\"S&P<\/figure>\n\n\n\n

Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

\"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

\"\"
Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Investors And BofA Global Research <\/h2>\n\n\n\n

A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

Central Bank And Inflation<\/h2>\n\n\n\n

Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

Elections And Opposition Labour Party<\/h2>\n\n\n\n

In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 12

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Subscribe To Our Newsletter

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Follow The Distributed

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\n
  • The likelihood of a 50 basis point rate cut in September has increased to 32.5%, although markets still favor a smaller 25 basis point reduction.<\/li>\n<\/ul>\n\n\n\n

    Fed Chairman Jerome Powell's latest remarks have set the stage for a significant shift in US monetary policy, Coindesk reported. Speaking at the Jackson Hole Symposium, Powell confirmed what many had anticipated: rate cuts are likely coming in September.<\/p>\n\n\n\n

    After a prolonged period of high interest rates aimed at curbing inflation, Powell's declaration marks a pivotal moment. \"The time has come for policy to adjust,\" Powell stated, signaling the Fed's readiness to pivot towards easing its monetary stance.<\/p>\n\n\n\n

    This adjustment<\/a>, he explained, is driven by growing confidence that inflation is moving towards the Fed's 2% target and a significant cooling in the labor market. \"We do not seek or welcome further cooling in labor market conditions,\" he emphasized, pointing to a delicate balance the Fed aims to maintain.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks<\/a><\/p>\n\n\n\n

    Market Reactions To Powell's Speech<\/h2>\n\n\n\n

    The immediate response to Powell's speech was positive across the board. Bitcoin surged by over 1%, reaching $61,900, reflecting increased optimism among investors. Traditional markets mirrored this sentiment, with the Nasdaq climbing 1.7% and the S&P 500 rising by 1.2%. Even gold, often seen as a haven, experienced a 1% increase. Meanwhile, the 10-year Treasury yield dipped five basis points to 3.80%, and the US dollar index fell by 0.6%.<\/p>\n\n\n\n

    With the September Federal Open Market Committee (FOMC) meeting on the horizon, the central question remains: Will the Fed opt for a 25- or 50-basis-point rate cut? While markets currently favor a 25-basis-point reduction, the likelihood of a more substantial 50-basis-point cut has increased.<\/p>\n\n\n\n

    According to the CME FedWatch tool, the probability of a 50 basis point cut has risen to 32.5%, up from 24% just a day ago. Upcoming economic data, particularly the August employment and inflation reports, will play a crucial role in the Fed's final decision. These reports will provide the necessary clarity on whether the US economy is indeed on a sustainable path to the Fed's inflation target.<\/p>\n\n\n\n

    Lower interest rates typically exert downward pressure on the US dollar, which can, in turn, support assets that are seen as alternatives to the dollar, such as gold and Bitcoin.<\/p>\n","post_title":"Fed's Chairman Jerome Powell Signals September Rate Cut, Sending Markets Higher","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"feds-chairman-jerome-powell-signals-september-rate-cut-sending-markets-higher","to_ping":"","pinged":"","post_modified":"2024-08-26 01:34:41","post_modified_gmt":"2024-08-25 15:34:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17954,"post_author":"14","post_date":"2024-07-26 22:32:26","post_date_gmt":"2024-07-26 12:32:26","post_content":"\n

    The second-quarter earnings season has shifted into high gear, with Alphabet (GOOG) and Tesla set to report their results after the bell on Tuesday. The big question is if tech-related megacaps can maintain their recent strong earnings growth and whether this growth is starting to extend to other sectors.<\/p>\n\n\n\n

    Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Conversely, positive earnings can drive investor optimism, leading to increased buying activity and higher stock prices.<\/p>\n\n\n\n

    \"S&P<\/figure>\n\n\n\n

    Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

    LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

    LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

    \"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

    In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

    The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

    The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

    According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

    \"\"
    Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

    However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

    Investors And BofA Global Research <\/h2>\n\n\n\n

    A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

    As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

    At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

    Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

    The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

    The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

    The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

    If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

    Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

    The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

    Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

    As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

    The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

    Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

    The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

    \"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

    See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

    Central Bank And Inflation<\/h2>\n\n\n\n

    Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

    The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

    British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

    The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

    The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

    However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

    Elections And Opposition Labour Party<\/h2>\n\n\n\n

    In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

    Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

    The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

    Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

    Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

    Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

    Economic Weakness And Central Bank<\/h2>\n\n\n\n

    Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

    \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

    The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

    This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

    With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

    Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 2 3 4 … 12

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • Powell's announcement led to a positive response in financial markets, with Bitcoin, traditional stock indices, and gold surging.<\/li>\n\n\n\n
  • The likelihood of a 50 basis point rate cut in September has increased to 32.5%, although markets still favor a smaller 25 basis point reduction.<\/li>\n<\/ul>\n\n\n\n

    Fed Chairman Jerome Powell's latest remarks have set the stage for a significant shift in US monetary policy, Coindesk reported. Speaking at the Jackson Hole Symposium, Powell confirmed what many had anticipated: rate cuts are likely coming in September.<\/p>\n\n\n\n

    After a prolonged period of high interest rates aimed at curbing inflation, Powell's declaration marks a pivotal moment. \"The time has come for policy to adjust,\" Powell stated, signaling the Fed's readiness to pivot towards easing its monetary stance.<\/p>\n\n\n\n

    This adjustment<\/a>, he explained, is driven by growing confidence that inflation is moving towards the Fed's 2% target and a significant cooling in the labor market. \"We do not seek or welcome further cooling in labor market conditions,\" he emphasized, pointing to a delicate balance the Fed aims to maintain.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks<\/a><\/p>\n\n\n\n

    Market Reactions To Powell's Speech<\/h2>\n\n\n\n

    The immediate response to Powell's speech was positive across the board. Bitcoin surged by over 1%, reaching $61,900, reflecting increased optimism among investors. Traditional markets mirrored this sentiment, with the Nasdaq climbing 1.7% and the S&P 500 rising by 1.2%. Even gold, often seen as a haven, experienced a 1% increase. Meanwhile, the 10-year Treasury yield dipped five basis points to 3.80%, and the US dollar index fell by 0.6%.<\/p>\n\n\n\n

    With the September Federal Open Market Committee (FOMC) meeting on the horizon, the central question remains: Will the Fed opt for a 25- or 50-basis-point rate cut? While markets currently favor a 25-basis-point reduction, the likelihood of a more substantial 50-basis-point cut has increased.<\/p>\n\n\n\n

    According to the CME FedWatch tool, the probability of a 50 basis point cut has risen to 32.5%, up from 24% just a day ago. Upcoming economic data, particularly the August employment and inflation reports, will play a crucial role in the Fed's final decision. These reports will provide the necessary clarity on whether the US economy is indeed on a sustainable path to the Fed's inflation target.<\/p>\n\n\n\n

    Lower interest rates typically exert downward pressure on the US dollar, which can, in turn, support assets that are seen as alternatives to the dollar, such as gold and Bitcoin.<\/p>\n","post_title":"Fed's Chairman Jerome Powell Signals September Rate Cut, Sending Markets Higher","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"feds-chairman-jerome-powell-signals-september-rate-cut-sending-markets-higher","to_ping":"","pinged":"","post_modified":"2024-08-26 01:34:41","post_modified_gmt":"2024-08-25 15:34:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17954,"post_author":"14","post_date":"2024-07-26 22:32:26","post_date_gmt":"2024-07-26 12:32:26","post_content":"\n

    The second-quarter earnings season has shifted into high gear, with Alphabet (GOOG) and Tesla set to report their results after the bell on Tuesday. The big question is if tech-related megacaps can maintain their recent strong earnings growth and whether this growth is starting to extend to other sectors.<\/p>\n\n\n\n

    Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Conversely, positive earnings can drive investor optimism, leading to increased buying activity and higher stock prices.<\/p>\n\n\n\n

    \"S&P<\/figure>\n\n\n\n

    Investors are closely monitoring second-quarter U.S. earnings and it is important to say that earnings for the quarter are now estimated to have increased 11.5% in the quarter, according to LSEG data Tuesday. That's up from growth of 9.6% estimated on July 12 and this latest forecast is based on results from 102 of the S&P 500 companies and estimates for the rest.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Wall Street's Main Indexes Fell As Alphabet's Projections For Rising AI Costs Dented Most Mega-Cap And Chip Stocks<\/a><\/p>\n\n\n\n

    LSEG Report On S&P 500 Companies<\/h2>\n\n\n\n

    LSEG also reported that of the 102 S&P 500 companies that have reported quarterly results so far, more than 80% of them have beaten expectations. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said:<\/p>\n\n\n\n

    \"You're looking at a scenario where (Big Tech) names are going to determine the direction of the market... So, if those names disappoint in any way whatsoever, markets will struggle. Their valuations are expensive and we could run into a problem if they don't meet expectations.\"<\/em><\/p>\n\n\n\n

    In the realm of economic data in the United States, this week's releases include the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. This report will be critical for assessing the outlook for monetary policy, especially in light of the recent downward trend in inflation and indications that the labor market is starting to cool.<\/p>\n\n\n\n

    The positive news is that bets of a 25-basis-point interest-rate cut by September have shot up to nearly 94%, from nearly 60% last month, according to CME's FedWatch Tool. Meanwhile, a Reuters poll indicates that the Federal Reserve is anticipated to reduce interest rates twice this year, with cuts expected in September and December.<\/p>\n","post_title":"Investors Shifted Their Focus To This Week's Corporate Earnings. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"investors-shifted-their-focus-to-this-weeks-corporate-earnings-what-to-expect-in-the-upcoming-days-2","to_ping":"","pinged":"","post_modified":"2024-07-26 22:32:30","post_modified_gmt":"2024-07-26 12:32:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17954","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17874,"post_author":"14","post_date":"2024-07-24 13:40:56","post_date_gmt":"2024-07-24 03:40:56","post_content":"\n

    The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts point to potential stricter U.S. trade restrictions on China as a significant factor behind this downturn.<\/p>\n\n\n\n

    According to a Bloomberg report, the Biden administration has warned its allies that it might impose the toughest trade restrictions on China if companies like Tokyo Electron and ASML Holding NV keep providing advanced semiconductor technology to the country.<\/p>\n\n\n\n

    \"\"
    Nasdaq has weakened more than 2% this Wednesday<\/em><\/figcaption><\/figure>\n\n\n\n

    However, David Rosernberg, founder and president of Rosenberg Research, believes Wall Street's losses on Wednesday are unlikely to last. Growing speculation about a Federal Reserve rate cut in September, along with rising expectations of former President Donald Trump's return to the White House after the attempt on his life, has given stocks a significant boost in recent sessions.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>The S&amp; P 500 And Nasdaq Indexes Closed At Record Highs This Tuesday.\u00a0 What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

    Investors And BofA Global Research <\/h2>\n\n\n\n

    A recent BofA global research survey also showed that world investors remain bullish, with sentiment fueled by Federal Reserve rate cuts expected this year and into 2025. Inflation projections continued to stabilize in July, with 62% of investors now expecting lower CPI over the next 12 months, up from 57% in June and 56% in May.<\/p>\n\n\n\n

    As U.S. election concerns gained prominence, fund managers were asked which policy areas they believe will be most affected by the November election. Of those polled this month, \u201ctrade policy is viewed as the most likely area to be impacted by the US election per 48% of FMC investors, followed by immigration (15%), and geopolitics,\u201d BofA Global Research said.<\/p>\n\n\n\n

    At the same time rising geopolitical angst, especially in the U.S., put a damper on global growth expectations. It is important to mention that  27% of portfolio managers expect weaker economic growth in the coming year. This compared to 6% in June and 9% in May and was in sharp contrast to April, where a net 11% of managers looked for stronger world growth.<\/p>\n\n\n\n

    Some economic analysts believe the U.S. economy is already starting to see signs of a slowdown and according to them, many companies could face liquidity problems in the upcoming months. High rates encourage saving over spending and make the debt more costly, and companies that have a bigger credit or other loans with variable interest rates could be in a difficult situation. Higher borrowing costs can hurt corporate profits and discourage businesses from borrowing to invest in new projects, which can hurt economic activity and job creation.<\/p>\n","post_title":"Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"major-chip-and-tech-stocks-drive-down-sp-500-and-nasdaq","to_ping":"","pinged":"","post_modified":"2024-07-24 13:41:01","post_modified_gmt":"2024-07-24 03:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17874","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17742,"post_author":"18","post_date":"2024-07-16 05:30:15","post_date_gmt":"2024-07-15 19:30:15","post_content":"\n

    The financial world is abuzz with speculation about President Joe Biden's potential withdrawal from the 2024 presidential race. Investors are now scrambling to prepare for various economic scenarios should a new Democratic candidate emerge.<\/p>\n\n\n\n

    The uncertainty surrounding Biden's candidacy has already begun to impact markets. As reported by Reuters<\/a>, bond yields saw an uptick following the President's widely criticized performance in the first presidential TV debate against Republican rival Donald Trump. This shift reflects growing investor belief in a possible Trump return to the White House, with expectations of higher fiscal deficits and inflationary policies.<\/p>\n\n\n\n

    The stock market, meanwhile, has shown resilience. The S&P 500 has gained over 1% since the debate, potentially buoyed by the prospect of a more business-friendly administration. However, experts caution that historical data doesn't guarantee a clear winner for markets based on party affiliation alone.<\/p>\n\n\n\n

    If Biden were to step aside, Vice President Kamala Harris is widely seen as the frontrunner to take his place. Some market analysts suggest that a Harris candidacy might not significantly alter the current administration's economic policy platform. However, the mere possibility of a candidate change is injecting uncertainty into market forecasts.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Biden\u2019s Administration Outlines Roadmap to Mitigate Crypto Risks<\/a><\/p>\n\n\n\n

    Democratic Nominee And Economic Issues<\/h2>\n\n\n\n

    The potential for a new Democratic nominee raises questions about key economic issues such as trade policies, regulations, and fiscal strategies. Investors are particularly focused on the fate of current tax policies and potential changes to tariffs, especially concerning Chinese goods.<\/p>\n\n\n\n

    Looking ahead, the market implications of this political uncertainty are complex. A short-term sell-off in stocks is possible due to the heightened unpredictability, especially given current high market valuations. However, some analysts suggest that a tighter race could lead to a divided government scenario, which markets often view favorably as it typically results in less dramatic policy shifts.<\/p>\n\n\n\n

    As the 2024 election landscape continues to evolve, investors and market watchers will need to stay alert to potential policy changes and their economic impacts. The coming months promise to be a crucial period for both political developments and market movements, with each likely to significantly influence the other.<\/p>\n\n\n\n

    The interplay between politics and markets in the lead-up to the 2024 election will undoubtedly provide a fascinating case study for years to come, potentially reshaping our understanding of how political events influence economic outcomes.<\/p>\n","post_title":"Market Speculation Grows Amid White House Race Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"market-speculation-grows-amid-white-house-race-uncertainty","to_ping":"","pinged":"","post_modified":"2024-07-16 05:30:19","post_modified_gmt":"2024-07-15 19:30:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17776,"post_author":"1","post_date":"2024-07-15 03:48:46","post_date_gmt":"2024-07-14 17:48:46","post_content":"\n

    Wall Street's main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n

    The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n

    \"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n

    See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n

    Central Bank And Inflation<\/h2>\n\n\n\n

    Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n

    The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n

    British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n

    The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n

    The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n

    However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n

    Elections And Opposition Labour Party<\/h2>\n\n\n\n

    In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n

    Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n

    The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

    Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

    Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

    Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

    Economic Weakness And Central Bank<\/h2>\n\n\n\n

    Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

    \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

    The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

    This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

    With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

    Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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