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Earnings are in full swing. Tech got wrecked but the broader market did OK with energy leading the way. Here’s what to expect from this week’s FOMC meeting and incoming economic data.
Markets closed much higher Friday thanks to leaked news about a crack in the Fed. This week, we’re expecting lots of macro data to come in.
Today, we’re taking a deeper look at what happened last week before setting our sights on the week ahead.
In addition to the CPI and PPI reports coming out this week, it’s also the official kickoff to earnings season.
The Fed’s maintaining its hawkish stance and markets are headed lower. A flush of economic data confirms what’s happening.
We’ve got a parade of Fed officials and central bankers speaking this week, plus tons of economic data, including home sales data and the second revision of the GDP.
With everything that happened after the FOMC meeting and the data that’s emerged, it’s clear we’re already in a recession. What we need to understand is how bad it’ll be.
The Fed’s long-awaited FOMC meeting is happening this week, along with other important data coming in that’ll be impacting markets moving forward.
The market’s already priced in the Fed’s expected 75-basis-point hike, hence its recent rally. Here’s why this week’s CPI and PPI numbers won’t impact the Fed’s decision.
There’ll be plenty of macro data coming in during September that could dictate or try to change the narrative — one that I don’t believe will change.
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