Why the resilient US economy is making it difficult for stock investors to thrive
in January, a higher-for-longer approach for interest rates looks increasingly likely.
But here's the catch: while a humming economy foreshadows more Fed hawkishness, that strength could save the US from a severe recession. Two recent data points stand out when probing for answers about the state of the US economy. The first is January's monster jobs report.The second is consumer health, reflected in January's retail sales and consumer spending data, both of which exceeded estimates.
Either way, the stock market doesn't seem to care. All investors can see is higher rates, which inflict the double whammy of eating into corporate earnings and making other investments more attractive compared to relatively high-risk equities.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sellas Lift Sciences stock plunges to pace premarket decliners after stock, warrants offeringShares of Sellas Life Sciences Group Inc. plunged 36.9% toward a two-month low in premarket trading Friday, after the biopharmaceutical company focused on...
Read more »
Why stock market rally could keep going: Doug Ramsey, Leuthold GroupHere's why it makes sense that stocks are rallying as rates rise and a recession approaches, and what to own because they could keep going, according to research firm Leuthold Group.
Read more »
This cybersecurity stock could be one of the next under-the-radar A.I. plays, analysts sayWhy this software stocks could be one of the next big A.I. plays, analysts say
Read more »
Lucid's stock falls 18% as investors see takeover riskLucid's stock was on track Thursday to mark its biggest drop in more than a year after quarterly results did little to allay concerns about the EV maker.
Read more »
Domino's stock tumbles 11% as delivery problems persist | CNN BusinessDomino's delivery problems aren't over.
Read more »