DIA News and Press, SPDR Dow Jones Industrial Average From 06/13/24

2024-06-13 18:13:55 ET Summary Bullish sentiment is up 5.6 percentage points to 44.6%. Neutral sentiment is up 0.7 percentage points to 29.7%. Bearish sentiment is down 6.3 percentage points to 25.7%. Pessimism among individual investors about the short-term outlook ...

2024-06-13 14:18:50 ET Barclays on Thursday said that it maintains its call that the Federal Reserve will cut rates only one time in 2024, echoing the central bank's updated dot plot which also showed a median of only one 25 basis point rate cut this year.... Read the full article on ...

2024-06-13 09:58:38 ET Nomura believes that economic data this year will "likely be sufficient" for the Federal Reserve to deliver two rate cuts, despite the central bank's updated dot plot on Wednesday calling for just one.... Read the full article on Seeking Alpha For further ...

2024-06-13 09:30:55 ET Summary The Fed Funds rate remains unchanged at 5.25-5.50% for the seventh consecutive meeting. June Summary of Economic Projections shows significant upward adjustments in inflation and Fed Funds rate outlook. Market surprised by higher inflation projec...

2024-06-13 02:28:59 ET Summary The yield curve is often seen as one of the better early warning indicators for a recession. Since 2022, the yield curve is inverted again and warning of a recession which has not happened so far, making some question the reliability of the indicator...

2024-06-12 13:29:51 ET Summary The Federal Reserve is keeping rates unchanged, but cuts are expected later in the year. Early signs of the US economy slowing down, including rising unemployment and weakening credit markets. History suggests the Fed may not be able to prevent r...

2024-06-12 10:55:10 ET Summary Tri-Continental Corporation offers exposure to domestic equity securities with a 3.82% yield, lower than peers but higher than American common equity indices. The TY closed-end fund's shares have gained 14.81% over the past five years, underperformin...

2024-06-12 10:50:41 ET Summary Some of the best CPI numbers in years. Downside surprises in All-Items, Core and Super-core, driven by the latter. The downside surprise was driven by volatile items, so some caution is warranted. The Fed can afford to be patient for several ...

2024-06-12 10:00:27 ET Summary May’s CPI reading largely met expectations, with both the topline and core readings landing better than anticipated. The early AM release marks the first of two noteworthy macro-related events on Wednesday. Today’s CPI report is lik...

2024-06-12 03:50:00 ET Summary One of the persistent themes in recent years has been the high and increasing concentration in US stocks. The outperformance of US stocks has been driven almost entirely by large cap US tech names and the “Magnificent 7”. This isn&#...