![]() "If the FOMC moves to a balanced policy outlook in December, bonds should continue to rally," said chief global macro strategist Joseph Kalish. NDR cited improvement in its Bond Enhancement Model, noting that on Friday it rose and triggered a new buy signal for fixed-income issues. The firm said on Tuesday that it's raising its bond exposure to 105% of benchmark duration from 100%. A previous version misstated the year.Ī sign is emerging for investors to raise exposure to bonds, and Ned Davis Research is answering the call. Nvidia shares hit an all-time high on Monday, but dipped 0.9% on Tuesday.Ĭorrection: Existing home sales came in at their lowest level since August 2010. Traders will also turn to earnings from Nvidia. The billionaire offloaded 1.67 million shares last week. Meanwhile, e-commerce giant Amazon shed 1.5% after CNBC's David Faber reported, citing sources, that former CEO Jeff Bezos may be selling more shares. Clothing retailer American Eagle tumbled nearly 16% after weaker-than-expected operating income guidance for the full year. Lowe's declined 3.1% after reducing its full-year sales outlook. This marked the slowest sales pace since August 2010, and a 14.6% fall from the prior year. Existing home sales in October came in at 3.79 million units, versus estimates of 3.9 million, according to the National Association of Realtors. "That doesn't necessarily mean that rates will go to 20% in a straight line, but it probably does mean that rates are up and down in a higher range than they were over much of the last decade."Īs rates remain "higher for longer," housing data shows last month was difficult for prospective homebuyers. Laurent, senior portfolio manager at Exencial Wealth Advisors. And it's possible that we're not going back to zero rates," said Jon Burkett-St. "It's possible that we're in the middle of infrequent but very significant generational regime shift. "In discussing the policy outlook, participants continued to judge that it was critical that the stance of monetary policy be kept sufficiently restrictive to return inflation to the Committee's 2 percent objective over time," the minutes stated.įed funds futures pricing indicates near unanimity that the Federal Open Market Committee will hold steady at its upcoming December meeting, and is pricing in cuts starting in May. Policymakers left the benchmark rate at 5.25% to 5.5% at the conclusion of their Oct. The Fed indicated that policy will need to remain "restrictive" amid concerns that inflation could be stubborn or tick higher. Both the broad-market benchmark and the tech-heavy Nasdaq snapped a string of five consecutive winning days. ![]() The Dow Jones Industrial Average slipped 62.75 points, or 0.18%, to end at 35,088.29. Stocks slid on Tuesday as traders assessed the latest Federal Reserve meeting minutes, where officials gave no indication of interest rate cuts. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |