Tag: us stock markets
The Fed's stance for upcoming interest rates will be clear when it releases the September meeting minutes on Wednesday. Policymakers seem to be divided.
Today, the ISM released its nonmanufacturing purchasing managers' index data—also known as the services PMI—which came in below market expectations.
The most-watched part of the yield curve inverted on Wednesday. When the curve inverted, it sent recession warnings across the markets.
The markets were just grappling with the news of increasing trade tensions between the US and China when Trump stepped in to increase the pressure.
Mark Mobius has warned of a market crash if President Donald Trump isn't reelected in 2020. Speaking with CNBC, he said, “I think the markets then will go haywire."
Goldman Sachs increased its year-end S&P 500 target to 3,100 from 3,000. It also reduced its 2019 earnings estimate for the S&P 500 by $6.
Morgan Stanley doesn't believe the S&P 500's current breakout above 3,000 will last. It also doesn't expect Fed rate cuts to rekindle growth.
US stock markets made an all-time high earlier this week. BlackRock CEO Larry Fink expects the markets to move even higher.