S&P and NASDAQ Make New Highs Despite A Hawkish Federal Reserve FOMC
This is a subscriber post from Wolf on Wall Street-Trade, the “Daily Wrap” covering the day’s events in the stock market and more. A much cooler than expected Consumer Price Index (CPI) sparked a sharp drop in bond yields and sent stocks ripping higher this morning. The May Consumer Price
Stock Market Today: Underappreciated Inflation Risk Building?
The averages were mixed in thin trade ahead of the week’s fulcrum events. In my view, that’s primarily Nvidia’s earnings Wednesday after the close, but even in a slower week for economic data (2 weeks ago) the market had some strong reactions to what I’d consider tier 2 data, most
Commodities & Precious Metals Threatening To Resume The 2024 Reflationary Impulse
3:15 p.m. ET I’m getting this post out earlier than usual because I think today’s developments are huge and I want to be as clear as I can about them as they are happening. Stocks are just as dull today as yesterday… painfully so. There’s not a lot of conviction
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