SPY News and Press, SPDR S&P 500 From 05/12/24

2024-05-12 07:56:00 ET Summary The scorecard remains tight and, in my view, tilted to a more neutral setting. I see nine pros and nine cons, with six segments classified as "neutral". The Administration's budget includes plans to increase taxes by $7 trillion, which could have sig...

2024-05-12 07:08:03 ET Summary Since the Great Recession began, the Federal Reserve has changed how it functions and, consequently, has changed how commercial banks operate. Before, commercial banks adjusted their reserve positions through the Federal Funds markets, but now this m...

2024-05-12 07:00:00 ET Summary Hotter-than-expected inflation has put the Fed on a higher for longer policy path. The CPI has been rising consistently at roughly 3.5% since summer 2022, posing a disinflationary concern. The CPI has been on a linear upward trajectory for 19 mon...

2024-05-12 06:42:43 ET Summary S&P 500 Q1 earnings growth is close to 10% thanks to mega-cap tech companies, but NVIDIA is yet to report. Weaker-than-expected US data could lead to a Fed rate cut, benefiting sectors away from tech-focused sectors that dominate the Nasdaq 100 E...

2024-05-11 12:46:54 ET Summary After worrisome CPI inflation figures in March, that prompted hawkishness from the Fed, the April figures are particularly significant to look out for. Forecasts don't indicate reason for optimism though. Even as gasoline inflation can come off, the ...

2024-05-11 12:35:17 ET More on Builders FirstSource and ZIM Builders FirstSource: Disappointing Q1 As Multifamily Weighs ZIM Integrated: The Dividend Could Return In 2024 ZIM Integrated Shipping Is Discounted For A Reason Builders FirstSource Non-GAAP EPS of ...

2024-05-11 10:00:00 ET More on the S&P 500 Index S&P 500: After A Short And Shallow Dip, What Now? S&P 500 Earnings Season Suggest A Dire 2024 Forecast Excess Pandemic Savings Are Gone - Consumers 'On The Ropes' Dow notches best daily win streak s...

2024-05-11 09:30:00 ET With earnings season now largely in the rearview and significant uncertainty about the Federal Reserve looming over Wall Street, bulls and bears have been fiercely debating the near-term fate of the benchmark S&P 500 ( SP500 ). Here's what some Seeking Alpha a...

2024-05-11 08:00:00 ET Summary Long leading indicators show slight improvement, with corporate profits rising higher q/q. Short leading indicators also continue to improve, with commodities joining gas and oil prices in the positive column. Coincident indicators remain stable,...

2024-05-11 02:25:00 ET Summary April represented a step back following March’s gains, aside from Managed Futures being the star of the show this month. Commodities demonstrated resilience, posting a modest +0.95% growth despite the turbulence induced by the prospects of nor...