The war in Ukraine, rising interest rates, and lockdowns in China are all weighing on global growth.
Falling Q4 profit forecasts another negative for U.S. stocks
After a disappointing third-quarter reporting period, analysts are projecting that fourth-quarter U.S. earnings will decline for the first time in two years as rising interest rates and slowing growth further dampen the outlook.
The Dow is outperforming, which could be a sign that the latest stock-market rally will flame out
While investors seek shelter in more defensively oriented equity names, one market technician sees the Dow’s growing margin of outperformance over the S&P 500 and Nasdaq as a sign that the latest rebound in stocks might fade away quickly like the last one did.
Producer Price Index rose 8.0% in October, signs of cooling off
Producer Price Index data out Tuesday shows another sign that inflation is cooling. PPI for final demand increased 8.0% in October from a year ago. The increase came in below expectations and is lower than the year-over-year increase in September.
New GDP report shows an economic turnaround, but don’t be fooled
Thursday’s GDP report shows the U.S. economy grew at an annual rate of 2.6% in July, August and September, after shrinking in the first half of the year.
U.S. data brings some encouraging signs for inflation-weary Fed
Some hints that U.S. price pressures are beginning to ease even as overall inflation remains high could encourage Federal Reserve policymakers to opt for smaller interest rate increases after they deliver a fourth straight supersized hike next week.