S&P 500

Continuation of the 100th Anniversary Conference of the Division of Statistical Research in Washington DC - speech by Jerome Powell

One of the most watched men in US economics was scheduled to speak at this event on Wednesday and Thursday, 8-9.11.23. I have already added the summary for Wednesday and the markets remained fairly quiet. Today I will add a summary of his speech, a...
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Powell urges Fed economists to be flexible

Jerome Powell - will give several speeches, remarks today and tomorrow at the Centennial Conference of the Division of Research and Statistics in Washington, D.C.

The job market showed us results and helped us end the week in growth. 🚀

So friends, for once, good news too. The latest employment data is back in the US and it is slowly painting the picture all investors want to see and that is that the job market is cooling and so for the Fed this may mean no more hikes.

Only 150,000 jobs were added in October, falling short of expectations...
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US GDP grew at an annual rate of 4.9% in the third quarter, better than expected.

The U.S. economy notched a remarkable achievement in the third quarter this year, with growth exceeding the expectations of many economists and analysts. Gross domestic product (GDP), a measure of all goods and services produced in the U.S., grew faster than many had expected. This development...
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Have a nice ending Sunday and a successful start to another week full of results. 🍀💰

News from Saturday, 10/14/23 that jumped out at me and again around the Fed.

As we know, the Fed is scheduled to meet on 10/31-1/11. Originally it looked pretty realistic that another interest rate hike was coming. In the end, according to Bloomberg, the Fed is going to extend the pause. So now...
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Analysts at Evercore ISI raised their target for the S&P 500 $^GSPC index to 4450 from the previous 4150. According to them, continued AI-driven momentum could push the index to 4450 by July 4.