The stock market’s progress to a fresh record hinges on a key gauge of economic growth

If the stock market needs a fresh catalyst after a lumbering ascent to near records, there’s one in the offing.

“The soft-landing scenario is playing out for the global economy and it is difficult at this point to see any risks on the horizon that are big enough to drag the U.S. into a recession,” wrote Torsten Sløk, chief economist at Deutsche Bank, in a Thursday research note. “US equities clearly like this outlook, as long as it comes with enough economic growth to deliver earnings growth in 2H 2019,” Colas wrote in a Friday research note, referring to the market’s belief that there won’t be a rate hike by the Fed over the several months.If Friday unveils a first-quarter GDP number that would put the U.S. on track to hit 2% to 2.5% growth this year, it could briefly silence near-term recessionary prognostications. Analysts polled by MarketWatch expect a more muted 1.

Room to rally? But it isn’t assured that a healthy first-quarter GDP can spark another run for records for the Dow Jones Industrial Average DJIA, +0.42% S&P 500 index SPX, +0.16% and the Nasdaq Composite Index COMP, +0.02% which all stand within shouting distance of all-time closing highs.LPL analysts said the stock market has already priced in 2 to 2.5% growth for the full year of 2019.

Since then, the 10-year yield has bounced back to finish at 2.56%, as of Thursday , more than 20 basis points from its March lows, and steepening the curve along the 3-month/10-year spread. Falling bond yields can sometimes reflect concerns about flagging economic expansion and diminished fears of higher inflation, while rising bond yields reflect expectations of an uptick in economic activity.

Corporate earnings Check out: Here are signs the ‘worst is behind us’ when it comes to global economic gloom

Nope. The fed, trump and team will pump. And say the china deal is ‘progressing’

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Health-care stocks keep getting hammered — Wall Street says this is whyFour of the Dow Jones Industrial Average’s 10 biggest losers on Wednesday were health companies, including UnitedHealth Group Inc., Merck & Co. , Pfizer...
Source: MarketWatch - 🏆 3. / 97 Read more »

Asia stocks cling to nine-month high on China hopes, Wall Street dented by earningsAsian stocks ticked up on Tuesday, staying near a nine-month high as hopes of st...
Source: Reuters - 🏆 2. / 97 Read more »

Wall Street edges higher on generally positive earningsU.S. stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to...
Source: Reuters - 🏆 2. / 97 Read more »

These stocks are 'undervalued,' Wall Street analysts sayCNBC combed through Wall Street research over the last week to see which stocks analysts say have the best risk-reward. May I use their money in case they are wrong?
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street and finance execs spread their donations across the 2020 Democratic fieldWall Street and finance executives placed their early 2020 bets on a variety of Democratic presidential candidates, from Pete Buttigieg to Kamala Harris, even as the contenders try to distance themselves from big money donors. 'hey democrat voters, look how much MONEY these candidates have, WOW!! Do you feel excited about electing one of these corporate stooges yet?' All you need to know
Source: CNBC - 🏆 12. / 72 Read more »

Major Wall Street firm worries about surprise Fed rate hike, says biggest market gains are overseasThe best investment opportunities may be thousands of miles away. A trade agreement will not make the consumers of the two countries any richer . Tariffs are taxes on consumer goods and services . It will make the crony businessmen of the government bureaucrats that will be granted government protected monopolies a lot richer . fed already came out and said they arent doing anything until after 2020 elections. buy everything They should stop worrying.
Source: CNBC - 🏆 12. / 72 Read more »