Wednesday, September 29

Fed inflation outlook

Bitcoin, Economic Data, Ether, Fed inflation outlook, gold, inflation, Markets, MI Exclusive, NASDAQ, Oil, Oil price, S&P, stock markert, US Stock Market

S&P 500, Nasdaq close at record highs as mega-cap tech spurs gains

The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City Reuters US stocks traded near record highs Monday spurred by tech shares The yield on the US 10-year Treasury note was trading at 1.482%. Bitcoin rose while oil and gold slipped. US stocks closed mostly higher on Monday, with the S&P 500 and Nasdaq both hitting record highs on the back of gains in mega-cap technology stocks. Tech companies such as Apple, Amazon, Facebook, and Zoom outperformed. A judge on Monday dismissed antitrust lawsuits by the Federal Trade Commission that were seeking to brand the social media giant as an unlawful monopoly.Later this week, investors will turn their attention to US non-farm payroll data on Friday. This will give an indication of how consistently the ec...
Bond Yields, Fed inflation outlook, Federal Reserve, HSBC, inflation, Markets, MI Exclusive, s&p 500, Stock Market Outlook, US stocks

The Fed has created a ‘Goldilocks’ environment that will push stocks higher, top HSBC investment strategist says

The Fed has said strong inflation will prove transitory. Liu Jie/Xinhua/Getty Images The Fed has created a "Goldilocks" scenario in which stocks should keep rising, Willem Sels said. The HSBC Private Banking investment boss said inflation and rising bond yields should prove transitory. He said he was seeking a balance between growth and value stocks as the recovery continues. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The Federal Reserve has created a "Goldilocks" environment in which inflation should stay under control and stocks can keep rising, the chief investment officer at HSBC Private Banking and Wealth Management has said.Willem Sels said he believed the Fed had struck the right balance between keeping monetary policy loose and signaling tha...