Author: boursewatch

The anticipated November rematch between President Joe Biden and former President Donald Trump is arguably the most significant event on this year’s geopolitical calendar. However, it seems that markets have not been significantly affected by this. However, there may be a shift on the horizon, as investors become increasingly uneasy with the various possible outcomes. Polls and betting markets suggest that the race’s outcome is highly uncertain, according to a team of strategists from JPMorgan Chase & Co. The outcome of the vote could have significant consequences for both American and international interests. Investing in stocks. Currently, investors are uncertain…

The dollar went up against the Swedish krona on Wednesday after the Riksbank of Sweden cut interest rates. It was the second major central bank this cycle to do so. The Riksbank of Sweden lowered its key interest rate by a quarter point to 3.75%. This is the first time in eight years that the rate has been lowered, and the bank said it will do so twice more in the second half of the year if the outlook for inflation stays the same. Markets had priced in some of a rate cut ahead of time, but not all of…

Anheuser-Busch Alcohol. InBev’s profits were higher than expected in the first quarter, which was the last time that the boycott of Bud Light would have an effect on growth. Anheuser-Busch Alcohol. InBev said its profit dropped from $1.64 billion to $1.09 billion in the first quarter, but its sales went up 2.6% to $14.55 billion. The number of cents it earned per share went up from 65 cents to 75 cents. According to a poll by Visible Alpha, analysts thought the company would make 62 cents per share in operating earnings on $14.4 billion in sales. Shares of the company…

Is good coffee able to save the workplace? A recent survey by CoreNet Global of corporate real estate professionals about the state of office work found that flexible work arrangements are still important, but so is a good cup of coffee. In the wake of the pandemic, higher interest rates, falling property prices, and record-high vacancies have hit the U.S. office sector hard, while most workers around the world are back at work in person. To help things get better, more U.S. companies have put in place office rules. Still, a recent poll of corporate real estate professionals found that…

Robinhood, a popular securities brokerage, is trying to convince the SEC that crypto is not a security. Robinhood HOOD, +1.18% announced a Wells notice from the SEC for its crypto business on Monday. The SEC sent Robinhood this notice after a lengthy investigation to inform it of potential infractions and allow it to respond. Robinhood responds. Robinhood Chief Legal, Compliance, and Corporate Affairs Officer Dan Gallagher said, “We are disappointed that the agency has issued a Wells Notice related to our U.S. crypto business. We believe the assets listed on our platform are not securities and look forward to working…

Last week, Piper Sandler market strategists’ reliable recession indicator triggered, but they believe its triggering is bullish for stocks. On Tuesday, Piper Sandler chief market strategist Michael Kantrowitz told MarketWatch that Friday’s Labour Department employment report had triggered his team’s “10% recession rule.” Simply put, the rule activates when the three-month moving average of U.S. unemployment rises 10% from a year ago. It has traditionally predicted recessions. Kantrowitz said this time that the rule’s triggering is more likely to signal a welcome slowdown for the U.S. economy than a recession. He called it the latest sign that the U.S. labour…

One Wall Street bank says waning U.S. demand and persistent inflation could lead to stagflation that could hit some well-known stock names. Barclays strategists Stefano Pascale, Anshul Gupta, Riddhiman Dass, and Tejas Shah wrote on Tuesday that Kimberly-Clark KMB, +0.01% and Procter & Gamble PG, +0.80% are at or near the top. Kimberly-Clark makes Scott toilet paper, Kleenex facial tissue, and Huggies diapers. P&G sells Pantene shampoo, Crest toothpaste, and Olay skin care. Consumer-staple companies are in the defensive sector, where consumers buy more when times are tough, so their selection seems odd. Barclays ranks Ball BALL, +0.45%, a provider…

Investors are worried about stocks as the U.S. dollar strengthens in 2024. The “surprise” dollar rally this year hurts U.S. company earnings, currency strategists at BoA Global Research wrote Tuesday. Last check, FactSet data showed the ICE US Dollar Index DXY, which tracks the greenback against six major currencies, up modestly Tuesday for a 4% gain this year. According to FactSet data, 41% of S&P 500 revenues come from outside the U.S., leaving “the index open to the possibility of structurally lower earnings in a rising dollar environment,” Nicholas Colas, co-founder of DataTrek Research, wrote Tuesday. Because “non-U.S. profits are…

Bears gained confidence from last month’s stock market drop. However, one long-term trend line shows that the S&P 500’s 4.6% drop barely registered. After surpassing its April 2022 peak in mid-February, the S&P 500’s 200-day moving average has risen further into record territory. Dow Jones Market Data reported a new long-term trend line record of 4,706 points on Monday. In a chart posted on X, formerly Twitter, over the weekend, Carson Group market strategist Ryan Detrick highlighted the 200-day moving average’s resilience. He saw it as a compelling reason for investors to ignore pessimists like Robert Kiyosaki and stay in…

Investors who wish to include commodities in their portfolios to reduce risk and volatility in the financial markets may be concerned as U.S. stocks and commodities haven’t moved in tandem like this in over forty years. However, Wells Fargo Investment Institute strategists suggest that it might not be a major worry. Up until the global financial crisis of 2008, the correlation between stocks and commodities over rolling 20-year periods since 1980 was roughly 0.2. According to a note released on Monday by Wells Fargo Investment Institute investment strategists Douglas Beath and Jeremy Folsom, it then progressively rose to a long-term…