Jerome Powell, Federal Reserve Chair, confirmed the central bank’s plan to raise interest rates this month as the U.S. economy remains strong despite the war in Ukraine. Stocks climbed on Wednesday to erase losses from the previous two sessions. Commodities reached multi-year record high levels as investors weigh the effect on supply that economic sanctions Read More
Category: The Trade Desk
From the Trading Desk: You Don’t Need Sales to Look Good
To recap my last post, Tesla has in fact become a trillion-dollar company. Earlier this month, CEO Elon Musk polled on Twitter whether he should sell 10% of his stake in the company. After his followers approved, he started selling although the trades were likely part of a preexisting 10b5-1 trading plan. Tesla’s stock declined Read More
From the Trading Desk: A Trillion-dollar Tesla?
October has proven to be a tremendous month for the S&P 500 Index and NASDAQ Composite following September’s sharp losses. Both indices are trading near record levels amid strong corporate earnings and have raised the question, one more time: How much more can stocks continue rising? S&P 500 Index (SPX Index) 5-year monthly chart October, Read More
From the Trading Desk: Another Stock Rebound?
The CPI figure of 0.3% was lower than the estimate of 0.4% and significantly less than the 0.5% reading posted in July. The lower-than-expected figure offers some support to the Fed’s and Biden administration’s view that current high inflation levels will be temporary, as it shows prices surged less than expected in August. U.S. Stocks Read More
From the Trading Desk: Commodities’ Inflationary Outlook
Uncertainty and fear of higher-than-expected inflation have been on investors’ minds for the past few weeks. Last week it was announced that the Consumer Price Index (CPI) rose more than 5% year over year, amounting to its biggest increase since 2008. Stocks in the U.S. did not respond in line with CPI figures however, considering Read More