Author: starbpo

This is a situation that could be scary for some buyers. The stock market is close to an all-time high, and the Federal Reserve is thinking about cutting interest rates even more than usual. This makes people wonder if officials are worried about the economy. He said over the phone, “I don’t think a recession is anywhere near in sight.” Rick Rieder is the chief investment officer of global fixed income at BlackRock and leads the firm’s global allocation investment team. As the economy slows down, it is still in pretty good shape. After keeping rates high to control inflation…

Lawyers for Donald Trump told BourseWatch that he should not sell his Trump Media & Technology Group Corp. stock after saying he doesn’t plan to. Trump is the biggest stockholder in Trump Media & Technology Group DJT -4.61%, which is the parent company of the Truth Social site. He owns 114.75 million shares of that company. The share price on Tuesday was $16.77, which means that his stake is worth about $2.43 billion. The market value of the company as a whole is about $3.5 billion. Trump is bound by a lockup agreement, which says that insiders can’t sell shares…

When the Federal Reserve starts lowering interest rates, what does the stock market do? “It depends” is not a good answer. “Investors have had no idea what would happen with the possible drop in the federal funds rate. Jason Goepfert, a senior research analyst at SentimenTrader, wrote in a note on Tuesday that there was no regular pattern in forward returns after big hiking cycles. It is almost certain that the Federal Reserve will lower its key rate when its two-day policy meeting ends Wednesday afternoon. Also, traders think there is a greater-than-60% chance of an extra-large cut of 50…

The numbers: Homeowners and prospective purchasers took advantage of dropping mortgage rates, resulting in a substantial increase in mortgage applications. The 30-year rate dropped to its lowest point since September 2022 on Wednesday, the day before the Federal Reserve was expected to lower interest rates. The market composite index, which gauges the amount of mortgage applications, increased last week as a result of the rate decrease, the Mortgage Bankers Association reported on Wednesday. Weekly gains of 14.2% were made by the market index, which ended the week of September 13 at 266.8. In the previous year, the index was 192.1.…

Investors may find Friday’s “triple witching” options expiration to be a significant event, and not just in Eastwick. Investors’ attention is currently focused on what is expected to be the most chaotic Federal Reserve meeting in years. However, there are other potentially market-moving events scheduled for this week. On Wednesday, hours before Fed Chair Jerome Powell takes the podium at the Marriner S. Eccles Building, volatility traders will be busy with the expiration of futures and options associated with the Cboe Volatility Index VIX, also referred to as the VIX or Wall Street’s “fear gauge.” In the most recent monthly…

In the event of a post-Fed stock market selloff, money manager Matt Shapiro is looking to purchase stocks in Netflix, Berkshire Hathaway, and Deere. With all of its advantages, would the S&P 500 SPX be able to weather the final two weeks of the quarter without suffering a significant decline? “The Nasdaq has risen 50% off its lows in 5 months, and the S&P 500 36%: it’s time to prepare for pullbacks,” says Matt Shapiro, a former Chicago-based options trader who heads MWS Capital’s $183 million portfolio for high-net-worth clients. Although it’s still a “great time to be an investor,”…

GE Aerospace’s stock has staged a 76% rally this year – one that ranks No. 9 in the S&P 500. For the first time in 25 years, GE Aerospace’s stock has closed at an all-time high, in a reflection of the company’s major turnaround and its ability to capitalize on the booming defense and airline markets. At the closing bell, GE Aerospace’s stock (GE) ended at $292.97 a share with a gain of $6.19 a share, or 2.16% on the day’s trading. It’s the first first new high for GE shares (GE) since a $287.15 close achieved in August 2000…

Robert Redford at Park City, Utah’s 2020 Sundance Film Festival. Hollywood was changed in many ways by Robert Redford. Although the actor, who passed away on Tuesday at the age of 89, produced some of the most well-known and influential films of the second half of the 20th century, his support of the Sundance Film Festival might have had a longer-lasting impact on Hollywood’s commercial practices. What began as an attempt to draw film projects to Utah quickly turned a snow-covered area of the state into a hub for American filmmaking, the American equivalent of the Cannes Film Festival, and…

A vote on Stephen Miran, Trump’s candidate for the Federal Reserve, puts some clarity ahead of this week’s Fed meeting. This week’s Fed meeting, which is likely to result in a rate cut, was somewhat resolved Monday when the Republican-controlled Senate voted in favor of Stephen Miran, President Donald Trump’s candidate for governor of the Federal Reserve. The 48-47 vote makes it possible for Miran to participate in the Fed’s rate-setting vote, which will be announced at 2:00 PM Eastern on Wednesday. Miran was confirmed by the Senate in just eight days following his nomination, which was an exceptionally quick…

Fed Governor Lisa Cook has filed a lawsuit to stop President Donald Trump from firing her. In loan filings and other documents, Federal Reserve Governor Lisa Cook allegedly listed a condominium unit she bought in 2021 as a “vacation” and “second” residence. This undermined the Trump administration’s allegation that Cook committed mortgage fraud, which the president used as justification to remove Cook from the Fed’s Board of Governors. Cook told the lender that the Atlanta house would be a “vacation home,” not her regular residence, according to a May 2021 loan estimate that a credit union sent her, Reuters reported…