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As our Chart of the Week shows, the firm’s base case for 2025 shows continued quarters of 2% GDP growth, a respectable outlook by any measure. But, as BofA’s team pointed out, “Our base case ...
Weekly calendar Monday. Markets are closed for Presidents' Day. Tuesday. Economic data: Empire Manufacturing, February (-1 expected, -12.6 prior); NAHB housing market index, February, (47 expected ...
US stocks rose Monday as investors rebounded from the year's worst weekly decline. The S&P 500 fell over 4% last week after the August jobs report missed estimates.
The successful prediction of a stock's future price could yield significant profit. The efficient market hypothesis suggests that stock prices reflect all currently available information and any price changes that are not based on newly revealed information thus are inherently unpredictable. Others disagree and those with this viewpoint possess ...
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US stocks traded mostly lower on Monday, retreating from last week's record highs. While the Nasdaq 100 rose slightly, the Dow Jones Industrial Average declined by nearly 350 points.
Core consumer prices rose more than expected, reducing chances of a 50 basis-point rate cut. Markets now expect an 85% chance of a quarter-point rate cut at the Fed's next meeting.
The most common theory explaining this phenomenon is that individual investors, who are income tax-sensitive and who disproportionately hold small stocks, sell stocks for tax reasons at year end (such as to claim a capital loss) and reinvest after the first of the year. Another cause is the payment of year-end bonuses in January.