SP 500âs busted winning streak was a mirage anyway
November 10th, 2023 10:27
The SP 500 Index closed in the red Thursday, blowing its widely-hyped chance at a nine-day winning streak, which would have been its best run since 2004. But the run shouldn#39;t have mattered in an otherwise anemic stock market fueled by trends in bonds, not expectations about profits. Fittingly, a lousy 30-year bond auction spoiled it
Fed's Powell, others, not ready to call policy peak
November 10th, 2023 09:27
Speaking at a separate event, Richmond Fed President Thomas Barkin noted that it "remains to be seen" if further tightening will be warranted, particularly with the economy growing at a 4.9% clip last quarter.
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