While CPI and other data have the potential to move the market, we’d argue the commentary from these household financial names could be even more influential.
Disney CEO Bob Iger notified employees in a memo that job losses will begin this week.
The PCE price index and other inflation data face heightened scrutiny in the coming months as the market is becoming more at odds with the Fed’s base case.
In a volatile market, investors’ best course of action sometimes is doing very little, or nothing at all. That was the Club’s approach this week.
The Fed chair needs to balance the committee’s rate decision with the counterweight of his commentary.
Chairman Jerome Powell and his fellow central bankers will want to signal that it’s important to continue the fight to bring down inflation.
The Club followed through on what Jim Cramer laid out last Sunday and opportunistically bought on market pullbacks.
Virgin Orbit is furloughing nearly all its employees and pausing operations for a week as it looks for a funding lifeline.
While Gundlach sees more tightening ahead, he doesn’t think that’s the appropriate response right now as regulators’ rescue programs are inflationary in nature.