The Stock Market Has Ample Reasons to Fall. Why It's Taking Off Instead.

Stocks are rising despite a stack of reasons to fall: war in the Middle East, confounding economic data, and a House of Representatives without a speaker. Thank a decline in bond yields driven by less-hawkish comments from Federal Reserve officials, plus investors seeking safety in Treasuries.

“A market obsessively focused on Treasury yields saw rates edge lower due to the market’s interpretation of the remarks in addition to global buying of Treasuries as a safe haven during the intensifying conflict between Israel and Hamas,” wrote Quincy Krosby, chief global strategist for LPL Financial, on Tuesday.

In recent days, Fed officials have acknowledged the rise in bond yields and how it affects the economy and financial conditions, helping the bank to put the brakes on demand and inflation—effectively doing some of the Fed’s work for it. Atlanta Fed President Raphael Bostic cut straight to the point in remarks on Tuesday morning. “I don’t think we need to increase rates anymore,” he said.

Since the summer, investors have viewed strong jobs and economic data through a good-news-is-bad-news lens. The logic has been that signs of strength in the economy mean that it could weather more interest-rate hikes from the Fed if central bankers decide that is needed to stamp out inflation. That same dynamic, which remains in play, also affects the odds of cuts in 2024.

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Stock market today: Markets steady in Asia after Israel declares war following Hamas attack in GazaShare prices have opened little changed after the the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip. U.S. futures were lower and oil prices gained more than $3 a barrel. Tokyo and several other Asian markets were closed for holidays on Monday. Shanghai reopened after a weeklong holiday, falling about 0.7%. On Friday, Wall Street rallied after investors studied the nuances of a surprisingly strong report on U.S. employment. The S&P 500 rose 1.2%, the Dow ju
منبع: AP - 🏆 728. / 51 ادامه مطلب »

Stock market today: Markets steady in Asia after Israel declares war following Hamas attack in GazaShare prices have opened little changed after the the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip.
منبع: wjxt4 - 🏆 246. / 63 ادامه مطلب »

Asian Stock Market: Regional indices exhibit varied performance amid Middle East conflictAsian markets exhibit a mixed sentiment with a negative bias as the market is cautious of the war between Israel and Hamas that erupted over the weeke
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Stock market today: Markets steady in Asia after Israel declares war following Hamas attack in GazaShare prices have opened little changed after the the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip.
منبع: ksatnews - 🏆 442. / 53 ادامه مطلب »