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2024-04-18 06:00:00 ET Summary Bowing to recent data, Federal Reserve Chairman Jerome Powell on Tuesday conceded that inflation progress has stalled and the case for rate cuts has weakened. The Treasury market has been effectively making the same case for weeks, but when the top c...
2024-04-18 03:40:00 ET Summary We have been following AI at Manning & Napier for decades, and despite the recent buzz, AI is not a new concept. Years of experience lead us to believe that we still have a way to go before we reach that final state. If AI is one large cycle,...
2024-04-18 02:50:00 ET Summary The number of teens Age 16 to 19 counted as employed jumped by 224,000 to reach 5,832,000 from February to March 2024. The number of Americans Age 18 and 19 with jobs rose 161,000 from the previous month's seasonally-adjusted total to 3,756,000. ...
2024-04-17 14:24:33 ET Summary Technology stocks have had a strong year, outperforming the S&P 500 by over 15% with a 40% return. The ARK Innovation ETF ARKK has performed poorly compared to the overall technology sector, rising by just 12% since I last covered it. ARKK's ...
2024-04-17 14:10:46 ET Summary The S&P 500 has pulled back 4% from recent highs, but it's not due to geopolitical tension. Rates, the dollar, yen, and oil are not reflecting typical flight to safety characteristics. Markets are correcting for their massive blunder. T...
2024-04-17 14:05:00 ET Summary Massive spending on supercharged computing is raising concerns about a return to the dot-com bubble of the late 1990s and early 2000s, when inflated technology share prices eventually imploded. While we understand the comparisons, we believe they...
2024-04-17 11:27:00 ET Summary Eli Lilly's tirzepatide reached main goals in two Phase 3 trials for patients with obesity and obstructive sleep apnea. Abbott posts Q1 results beat, Travelers earnings hurt by elevated catastrophe losses. Mortgage servicing within housing-financ...
2024-04-17 08:45:00 ET Summary Economic reflation is becoming the next bullish narrative as equity valuation increases continue to outpace earnings gains, at least according to Goldman Sachs and Tony Pasquariello. Interest rates, gold, and commodity prices have increased in the pa...
2024-04-17 07:25:00 ET Summary On Apr. 15, the market closed 3.7% below its previous peak - a drawdown that’s irrelevant in the grand scheme of market history for peak-to-trough declines. Every bear market starts with a relatively soft, innocuous slide, however, so there...
2024-04-17 05:00:00 ET Summary Inflation cooled substantially last year, but upside surprises in early 2024 for the US and Europe have many investors concerned that the path back to normal has hit a roadblock. Fighting inflation is a long game, and global central banks seem to be ...
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Cathie Wood’s Ark Invest was on a chip stock buying spree on Monday, and the purchase assumes importance because it came just ahead of Advanc...
On Monday, Cathie Wood’s Ark Invest made significant trades, notably in Palantir Technologies Inc (NYSE:PLTR) and Meta Platforms Inc (NASDAQ:...
On Friday, Cathie Wood-led Ark Invest did a flurry of trades involving some of its key portfolio stocks, notably adding a big chunk of shares of AI...