Let’s get ready to move. The Fed and investors appear to be tied up in what one seasoned market watcher called an epic Game “Chicken”. What Federal Reserve Chairman Jerome Powell says on Wednesday may determine the winner. Here is the conflict. Fed policymakers have steadfastly insisted that the federal funds rate, now at 4.25% … Read more
Net inflows into US equities by retail investors continued to rise over the past week as the stock market kicked off the new year in a booming mood, but data analysts at Vanda Research said the pace of buying could easily ease if the bullish momentum stalls. Marco Iachini, senior vice president of Fanta Research, … Read more
This year’s stock market rally has pushed the S&P 500 into valuation levels that make it difficult for the index to climb much higher based on the current macroeconomic environment, according to Citigroup Inc. The late price-to-earnings ratio for the S&P 500 has returned to 18.2 times, “perilously close to the high end of our … Read more
