Happy Fed decision day to all who observe. After Tuesday’s as-expected inflation numbers, the market has settled on the idea that the Fed will skip a rate hike at the meeting, and according to market strategist Charlie Bilello, the Fed has done exactly what markets expected at every meeting since 2009.
Wall Street banks are updating their targets for the year as the calendar turns toward the summer solstice. The latest comes from Deutsche Bank, the first Wall Street bank that called for a recession, back in April 2022. What’s notable however is that Deutsche Bank also is sticking to its call for the S&P 500 SPX to reach 4,500 — the same near-the-top-of-the-Street outlook as Goldman Sachs, which says the U.S. should avoid a recession.That’s even as Deutsche Bank has pointed out another catalyst has played out, with investor positioning more or less back to normal. “If earnings remain robust, so will buybacks, and equities should continue to grind higher,” the German bank says.
For more market updates plus actionable trade ideas for stocks, options and crypto, subscribe to MarketDiem by Investor’s Business Daily. Nvidia NVDA closed with a market cap over $1 trillion on Tuesday, continuing its run since showing that artificial intelligence demand will boost earnings this year.Logitech stock LOGI slumped as the computer peripheral maker said its longtime chief executive was leaving.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Fonte: Reuters - 🏆 2. / 97 Leggi di più »
Fonte: cnni - 🏆 326. / 59 Leggi di più »
Fonte: Utoday_en - 🏆 295. / 63 Leggi di più »
US recession will be mild, AI craze will prop up stocks: strategistRecession will strike and stocks will drop - but the declines won't be half as bad as some fear, leading strategist says
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »