My top 10 things to watch Friday, December 9, 2022 1. Wholesale inflation: JUST PLAIN BAD. The government says November producer prices rose 0.3% overall against a forecast 0.2% rise. Excluding food and energy double estimate of core rates: +0.4%. US stock futures, up sharply before the numbers, fell after the release. Bond yields are …
The stock market is having another nasty bearish session on Tuesday on fears that the Federal Reserve will raise interest rates for a longer period to a higher level and that could tip the economy into a recession. The central bank, according to the Wall Street Journal, plans to raise rates above 5% next year …
Here’s where we stand after this week’s sharp back-to-back market declines Read More »
The market is so obsessed with technology that it cannot see the forest through the industrialists. If the talk isn’t about the cloud slowdown, it’s about who is stepping down from the now-private Twitter, or how disappointing it is that co-CEO Bret Taylor has left Salesforce (CRM). Mark Zuckerberg of Meta Platforms (META) might sneeze …
