Stocks inch higher, adding to early January gains

Stocks rose on Tuesday, continuing a solid start to 2023, as investors bet inflation is trending lower and grew increasingly interested in beaten-down technology stocks like Tesla.

Atlanta Fed President Raphael Bostic said Monday that interest rates should rise above 5% and stay there for a "long time." Meanwhile, San Francisco Fed President Mary Daly said the central bank should continue raising rates, albeit at a slower pace. Treasury yields rose slightly on Tuesday. "You've probably got something just under a trillion dollars of excess demand in U.S. stocks," Jones said Tuesday on CNBC's"Where is the selling going to come to offset that that demands coming from buybacks, from the corporate line items, from some combination of buybacks and M&A? That's a significant amount. Ceteris paribus, everything being the same, the stock market would be up 7% or 8% this year.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer warns investors not to ‘gamble’ on tech stocks despite recent gains'These short-term sector rotations like we saw today – they're irrelevant because they can't last,' he said. Lol screw you dud All in Thanks, doubled my long QQQ calls straight away. 🚀
Source: CNBC - 🏆 12. / 72 Read more »

Investors hope Fed will ease policy, rate hikes; stocks end mixedInvestors hope the Federal Reserve and its policies may ease up on the economy-shaking hikes to interest rates as inflation shows signs of cooling.
Source: 10News - 🏆 732. / 50 Read more »

To help survive a rocky 2023, these three value investors are favoring these six stocksOPINION: The Fed will overdo it in its inflation fight, creating a recession that will lead to a 20% decline in the S&P 500 from this already low level, sending the benchmark index down to 3,000 to 3,200 points. You should stop with these wild predictions. You sound like Chicken Little, “The sky is falling! The sky is falling!” Per the original definition of a recession we are already in one. What you are saying is they will put us into a depression! I think they already did.
Source: MarketWatch - 🏆 3. / 97 Read more »