SPY News and Press, SPDR S&P 500 From 05/17/24

2024-05-17 00:00:00 ET Summary The U.S. Bureau of Labor Statistics (BLS) nonfarm payrolls has averaged monthly gains of over 233k over the past year. By all standards, that is a healthy number, especially considering the federal funds rate has been above 5% over that same time per...

2024-05-16 21:04:23 ET Summary A sluggish residential real estate market affects major home-improvement retailers and homeowners' intentions to invest in big-project upgrades. Home Depot's Q1 revenue missed expectations, but management reiterated FY 2024 guidance. A delayed sp...

2024-05-16 18:46:32 ET Summary Big downside disappointment in April retail sales data, plus downward revisions to prior months. Nominal retail sales grew less than expected, and inflation-adjusted "real" retail sales actually contracted. The combination of downward revisions o...

2024-05-16 14:30:00 ET Summary US CPI improves the inflation picture. US inflation is improving but some aspects are still troubling for the Fed. What the US bond market tells us about the outlook for rates. ... Read the full article on Seeking Alpha ...

2024-05-16 14:12:08 ET Summary Michael Burry, known for his successful bets during the 2008 financial crisis, has found a clever arbitrage opportunity in a physical gold ETF. Burry's positions are in the Sprott Physical Gold Trust, which allows investors to take delivery of the go...

2024-05-16 13:03:19 ET JPMorgan Chase CEO Jamie Dimon said Thursday that markets are underestimating the strength of inflation and the potential for the Federal Reserve to move interest rates higher. ... Read the full article on Seeking Alpha For further details see: Ja...

2024-05-16 12:30:00 ET Summary The move shows central banks aren’t waiting for the Federal Reserve to cut rates, and it indicates confidence that the European Central Bank will cut in June. The Eurozone Services Purchasing Managers’ Index hit an 11-month high in Apri...

2024-05-16 11:20:00 ET Summary Wednesday’s CPI report was a big relief for the Fed after 4 consecutive upside surprises. The key metric was core CPI, which came in at 3.62% year over year vs last month’s rate of 3.8%. The problem is, inflation is almost exactly i...

2024-05-16 11:06:09 ET Vanguard Total Stock Market ETF ( VTI ) Schwab US Dividend Equity ETF ( SCHD ) iShares Core S&P Total U.S. Stock Market ETF ( ITOT ) Read the full article on Seeking Alpha For further details see: WFII introduces 2025 S&...

2024-05-16 11:03:36 ET DWS indicated that it's cautiously optimistic for bonds and equities moving forward, but investors face a number of factors that could complicate trading. Some of the questions that need to be answered center around the state of moderating growth, inflation levels, Fe...