IVV News and Press, iShares Core S&P 500 From 07/11/24

2024-07-11 12:28:05 ET Summary The CPI report came in weaker than expected, falling by 0.1% and climbing by 3.0% y/y, missing estimates. Change in CPI trend indicates slower nominal growth, potentially pushing the US economy closer to recession. Slower nominal growth ahead bec...

2024-07-11 11:33:21 ET More on the markets and the economy Gold pops above $2,400 as tame inflation data lifts rate cut optimism June CPI Report: Inflation Falls, Rate Cut Hopes Rise Used Car And Truck Prices Spiral Down Further In Historic Plunge Dow, S&...

2024-07-11 10:06:43 ET Summary Rates of change are more important than absolute numbers in economic statistics for the economy and markets. Magnificent 7 stocks are experiencing negative rates of change in earnings growth, while the remaining S&P 500 names are expected to impr...

2024-07-11 09:50:00 ET Summary Deflation occurred in June due to weaker energy prices, leading to the third straight CPI miss. The Russell 2000 jumped as interest rates declined markedly after the 8:30 a.m. ET inflation data. The Fed is now even more likely to cut rates at its...

2024-07-11 09:40:00 ET Summary June data from the Labor Department showed prices rising 3.0% YOY, below the forecasted increase. Prices also fell on the month. Excluding volatile food and energy categories, prices rose 3.3%, also below expectations. The market-friendly data co...

2024-07-11 09:00:39 ET Summary Chair Powell emphasized Fed independence in his recent testimony, highlighting the importance of operational independence for achieving the dual mandate goals. Recent political pressures prompted Powell to defend Fed independence, citing the potentia...

2024-07-11 07:20:00 ET Summary The unemployment rate rose to 4.1%, its highest level since November 2021. The closely watched headline unemployment rate is a calculation of the percentage of the civilian labor force, age 16 and older, that is currently unemployed, which rose to 4....

2024-07-11 06:50:00 ET Summary The focus today is on the US CPI report - Another soft reading is expected, and it may strengthen ideas of a Fed cut in September, which ostensibly give it time to cut again before the end of the year. The dollar is trading with a softer bias against...

2024-07-11 05:50:00 ET Summary The SP500 vs PMI, IndPro from Feb 1977 demonstrates the consistency of investor fears vs declines in the SP500 and the many recoveries large and small since. The PMI often declines when there is no decline in IndPro (Industrial Production that it is ...

2024-07-11 05:38:41 ET More on the markets S&P 500: Quantifying The Prospects For A Lost Decade SPY: Higher Multiples Are Justified Wall Street Exclusive - Searching For Diversity AllianceBernstin looks to Q3 and highlights global growth, inflation, rates...