Monday Update: Mixed Bag for Housing in May

June 24, 2019

Last week saw a handful of important economic updates, primarily focused on the housing market. The data was mixed, with disappointing home builder sentiment offset by better-than-expected sales growth. This will be another relatively quiet week on the economic update front, with only a few notable releases scheduled.

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Market Melt-Up? Maybe So

June 21, 2019

So much for sell in May and go away. The S&P 500 has hit another all-time high and is on track for the best June in more than 60 years (since 1955). New public offerings have exploded, with Beyond Meat and Slack the most recent wunderkinder. Companies are racing to go to the market. They know that with valuations at all-time highs and the risks rising, now is the time to sell at the best price they will likely get.

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The Fed to the Rescue?

June 20, 2019

The market has concluded that the Fed’s decision to keep rates steady, along with the accompanying statement from yesterday's meeting, is unreservedly dovish. The expectation is for two more rate cuts this year, starting in July. Markets are, unsurprisingly, cheering. Lower rates are good for economic growth and for stocks. In fact, that reasoning would explain why the Fed would cut. If the Fed does cut, it will be stimulative and should help sustain the expansion—as intended.

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Appearance on Yahoo Finance’s The Ticker, June 19, 2019 [Video]

June 19, 2019

This afternoon, I appeared live in studio on Yahoo Finance’s The Ticker to discuss today's Fed decision to leave interest rates unchanged. Listen in to learn more.

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Will the Fed Sit Tight on Interest Rates?

June 19, 2019

Today’s post will be a brief one as I am on the road. Besides, we don’t yet know how the main event of the day—the Fed meeting—will turn out. Will the Fed cut rates? Drop a strong hint that a rate cut is coming? Or just sit tight? And what will the White House do?

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Headline Risk Works Both Ways

June 18, 2019

Weeks of worry—about trade, growth, and Europe—knocked markets down. But today we have the reversal. Mario Draghi, the head of the European Central Bank (ECB), has once again come out in favor of looser monetary policy and lower rates, which cheered markets globally. And this morning, President Trump tweeted that he would be meeting with China’s leader, which further cheered markets. As I write this, the S&P 500 is up by 1 percent and well over 2,900. This level takes us to within 1 percent of a new all-time high.

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Monday Update: Strong Bounce Back for the Economy

June 17, 2019

Last week was full of positive economic surprises, making up for some disappointing data to start the month. This week will be a bit lighter on the economic update front, but there are still a few important releases to know about.

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Upcoming Appearances

Tune into Fox Business' Countdown to the Closing Bell on Friday, July 12, at 3:45 P.M. ET to hear Brad talk about the market. Check your local listings for availability.

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