I can't accept that the Administration 'wants' the U.S. to have a recession; you already see political pushback about the heavy approaches from constituents around the Country. So it's a question of whether this was 'detox' or 'dealing'.
Bernstein, Morgan Staley, and JP Morgan, among others, cut their PTs on the stock after Nike last week said its fourth-quarter revenue could fall more than Wall Street’s expectations
if stocks wanted to tank, they would do so on stagflationary, record bad UoM consumer data or continued tariff news barrage – and that isn't happening,
Seasonal patterns and market internals offer hope that the short-term bounce will materialize into stronger market action. However, there is much the markets will need to accomplish to confirm the readings.
For the second week in a row, the Nasdaq 100 traded in a sideways pattern. Last week, it fell 2.5% but recovered from a 5.2% decline at one time. This week, the tech-heavy index inched up 0.25 percent to 19754. That gain follows four weekly drops.
In this week's video, we'll review the latest charts and data to help us answer the question, will the April 2nd reciprocal tariffs bring additional pain for investors?
Wall Street remains in the red heading into the end of the week, with major indexes posting modest midday losses in New York, though well off the session’s earlier lows.
Chicago Fed President Goolsbee urges Fed to take long-term approach amid trade tensions, business uncertainty and inflation, cautioning against overreaction.
