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Concerns about inflation adversely impacting the consumer and corporate profitability appeared to drive the weakness. The consumer staples and consumer discretionary sectors led today’s decline, trading down around 5% and 6%, respectively. Given the compounding uncertainty ...
The US central bank seems to have underestimated the intensity, duration, and perhaps the number of inflationary pressures we are faced with, which is why they probably acted so late. The Russian invasion of Ukraine and the resulting West-Russia economic conflicts risk exacerbating in...
We have written previously about how hard it is for the Federal Reserve to determine policymaking interest rates when there is a simultaneous aggregate demand shock and aggregate supply shock. Finding a neutral real interest rate in periods of coincident epidemic shock and war shock i...
We have been living under an illusion that the relationship between nominal GDP and the quantity of circulating currency is dead. Claims linking inflation to the size of the balance sheet may stem, in part, from focus by Fed officials on the size of the balance sheet in recent months....
Fed Chair Jerome Powell aims to try and on Tuesday expressed confidence that the central bank will aggressively persist in its quest to resolve its biggest inflation challenge in 4 decades. Although interest rates have shot up in recent months, the market appears to be reassessing how...
This year has seen significant volatility in credit markets given the tumultuous macroeconomic backdrop and hawkish Federal Reserve. Investment-grade bonds, bank loans, and high-yield bonds could perform differently now than in prior risk-off periods due to asset class-specific develo...
There is currently much debate in the mainstream media suggesting investors should ignore Fed rate hikes. For the last decade, the primary bullish thesis for chasing equity markets remains “Don’t fight the Fed.”. Selling rallies certainly seems to be the prude...
Fifteen years ago, my chart look-ahead was about three years, to 2010, with the basic idea being that these long-term cycles had already turned or were about to turn. I underestimated the status quo's ability to kick the can down the road for a decade. After 15 years of frantic ca...
Are investors afraid that the Federal Reserve is behind the curve in terms of fighting inflation? When the Fed first announced its rate decision on May 4, bond investors didn’t show a great deal of reaction. The 50bps rate hike was as expected. For starters, the Fed had jus...
The government shut down large sections of the economy in reaction to a pandemic. The government-driven economic collapse prompted the Fed to create several trillion new dollars out of nothing. The government showered the population with money, and as a result, the 2020 recession ...
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2024-04-02 03:42:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
Quarterly Loan Originations of $705 million, up 12% from $632 million Loan Portfolio of $3.65 billion, up 30% from $2.79 billion Quarterly Net Charge Off Rate of 8.8%, down 20 bps from 9.0% Quarterly Diluted EPS of $4.34, up 154%; Adjusted Quarterly Diluted EPS 1 of ...
MISSISSAUGA, Ontario, Jan. 30, 2024 (GLOBE NEWSWIRE) -- goeasy Ltd. (TSX: GSY), (“ goeasy ” or the “ Company ”), one of Canada’s leading non-prime consumer lenders, will hold a conference call with shareholders, analysts, and portfolio managers on ...