The investment landscape saw a series of strategic moves by prominent firms in the fourth quarter. Goldstein Advisors LLC notably increased its investment in the iShares Russell Mid-Cap ETF (IWR) by a substantial 122.3%, bringing its total holdings to a value of $963,000. However, the firm also sold shares in several ETFs, including iShares Core… Continue reading Investment Firms Rebalance Portfolios, Goldstein Advisors and Bush Group Make Key ETF Moves
Category: Economy
US Inflation Holds Steady in April, Rate Cut Expectations Cool
The latest US inflation data for April revealed a persistent rise in the Personal Consumption Expenditures (PCE) price index, increasing by 0.3%, which remained in line with March figures and market expectations. The annual inflation rate also held steady at 2.7%, maintaining a level above the Federal Reserve’s 2% target. The core PCE, which strips… Continue reading US Inflation Holds Steady in April, Rate Cut Expectations Cool
Persistent US Inflation in April Puts Federal Reserve Rate Cuts on Hold
The latest inflation data from the United States indicates a steadfast climb in the Personal Consumption Expenditures (PCE) price index, which rose 0.3% in April, matching the gains of the previous month. The year-over-year increase settled at 2.7%, firmly above the Federal Reserve’s target of 2%. Core PCE, which excludes volatile items such as food… Continue reading Persistent US Inflation in April Puts Federal Reserve Rate Cuts on Hold
Investment Firms Catalytic Wealth RIA and Avestar Capital Diversify Holdings in Q4 Market Activity
In recent market activity, investment firms have been adjusting their portfolios, with Catalytic Wealth RIA LLC spearheading the trend by making new investments across a diverse range of sectors. Notably, the firm has initiated a position in Welltower Inc. valued at $289,000, and has also invested in TD SYNNEX Co., Parker-Hannifin Co., iShares Core MSCI… Continue reading Investment Firms Catalytic Wealth RIA and Avestar Capital Diversify Holdings in Q4 Market Activity
Nasdaq Surges to Record High as ConocoPhillips Plans Marathon Oil Acquisition Amid Rate Cut Speculations
Asian markets followed Wall Street’s downward trend as investors grappled with the likelihood of continued high Treasury yields and dimming prospects for U.S. interest rate cuts. Wall Street’s recent sell-off was a reaction to strong economic data and Federal Reserve officials’ comments suggesting a pause in rate cuts. The market’s attention is now fixated on… Continue reading Nasdaq Surges to Record High as ConocoPhillips Plans Marathon Oil Acquisition Amid Rate Cut Speculations
Market Caution Prevails as Gold Retreats Amid Strong Dollar and Rising Yields
In the face of impending US inflation data, global markets have adopted a cautious demeanor, with significant indices across Asia and Europe retreating. The Nikkei 225 in Japan, the DAX in Germany, and the FTSE 100 and CAC 40 in the UK and France, respectively, have all registered losses. The US dollar has surged, bolstered… Continue reading Market Caution Prevails as Gold Retreats Amid Strong Dollar and Rising Yields