One HSBC strategist is pushing back against doubters of the current stock market rally. The S & P 500 ‘s rally off its April lows has brought it back to roughly 1% off its record high in a very short time. It’s an advance that has perplexed many investors who worry the market’s insistence to look past war, tariffs, and other challenges to the economic outlook could mean another pullback is on the horizon. But Max Kettner, chief multi-asset strategist at HSBC, said he worries he’s not “bullish enough” on the current rally, saying he will remain risk on as…
Author: usaeverydaylife
Oil prices fell sharply Tuesday after President Donald Trump said China can keep buying oil from Iran, a sign that the U.S. is easing its maximum pressure campaign on the Islamic Republic in the wake of a ceasefire with Israel.Global benchmark Brent fell $3.33, or 4.66%, to $68.15 per barrel by 10:18 a.m. ET. U.S. crude oil was last down $3.18, or 4.64%, to $65.33 a barrel. Prices closed 7% lower on Monday as the oil market bet that the conflict in the Middle East was winding down.”China can now continue to purchase Oil from Iran,” Trump said in a…
Markets are packed with knee-jerk reactions, and the entire idea behind mean reversion is to spot these overreactions and take a contrarian stance — stepping in with a trade in the opposite direction. When you layer options on top of this mindset, you can build a powerful and structured trading system. I dive into the full strategy in detail in my book Mean Reversion Trading , and you’ll find tons of real-world trade examples on my site . For this particular setup, I’m focusing on Mastercard (MA) . Last week, both Mastercard and Visa were under pressure after news broke…
In 2002, I twisted my hip leaving my office after work. It didn’t stop hurting for months, but I mostly ignored it. After a year passed and it had only gotten worse, I finally saw my doctor.When I went back for the MRI results, he closed the door to the examining room, sat directly across from me, and said, as professionally as he could, “There is a lesion on your hip.””A lesion?” I said. “You mean a tumor?””Yes,” he said.I was 38 years old, pursuing a promising career in journalism, married to a woman I loved, and the first-time father…
U.S. President Donald Trump attends a meeting with NATO Secretary General Jens Stoltenberg ahead of the NATO summit in Watford, in London, Britain, December 3, 2019.Kevin Lamarque | ReutersBefore this week’s annual NATO summit had even begun, allies reportedly agreed on Sunday to hike their defense spending to 5% of gross domestic product (GDP) by 2035. Getting to that target, however is another matter.The 5% figure is made up of 3.5% of GDP that should be spent on “pure” defense, with an extra 1.5% of GDP going to security-related infrastructure, such as cyber warfare capabilities and intelligence.The Western military alliance’s…
JPMorgan isn’t convinced that Bill Ackman’s vision to transform real estate developer Howard Hughes Holdings into a “modern-day” Berkshire Hathaway will soon prove fruitful. The Wall Street investment bank downgraded its rating on Howard Hughes to neutral from overweight Monday after Ackman’s Pershing Square struck a deal in May to boost its holding to nearly 47% through a new investment of $900 million. “Pershing Square and Bill Ackman’s intention is to use the cash infusion into the company to make investments outside real estate (perhaps into insurance) and turn HHH into a diversified holding company,” JPMorgan analysts led by Anthony…
[The stream is slated to start at 10a.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chair Jerome Powell delivers his semiannual monetary policy testimony to congressional leaders, starting Tuesday with an appearance before the House Financial Services Committee.In prepared remarks, Powell noted the “solid” condition of the U.S. economy but said concerns linger over the impact President Donald Trump’s tariffs will have on inflation.”Policy changes continue to evolve, and their effects on the economy remain uncertain,” he said. Powell added that he and his Federal Open Market Committee colleagues are…
A worker unloads boxes from an Amazon delivery van in San Francisco on Oct. 24, 2024.David Paul Morris | Bloomberg | Getty ImagesAmazon is expanding its rapid delivery machine to more rural corners of the U.S.The company said Tuesday it plans to bring same- or next-day delivery to more than 4,000 smaller cities, towns and rural communities across the country “for the first time” by the end of this year.The move is part of a previously announced small-town expansion that will see Amazon spend roughly $4 billion by the end of 2026 to triple the size of its rural delivery…
Spain approves BBVA’s hostile takeover of Sabadell with conditionsThe government of Spain has approved BBVA’s hostile takeover of peer Sabadell, the fourth-largest bank in Spain, with conditions.Spain’s second-largest bank can proceed with the takeover of its rival, provided they operate as separate entities for at least three years. The government said it will also be able to extend the duration by two additional years, if it deems necessary.”The government has authorized the BBVA and Sabadell deal on the condition that, for the next three years, they remain separate legal entities and maintain separate assets, as well as autonomy in the…
Chair of the US Federal Reserve Jerome Powell speaks during a press conference following the Federal Open Market Committee meeting in Washington, DC, on June 18, 2025.Saul Loeb | Afp | Getty ImagesFederal Reserve Chair Jerome Powell on Tuesday emphasized the central bank’s commitment to keeping inflation in check, saying he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices.In remarks to be delivered to two congressional committees this week, Powell characterized economic growth as strong and the labor market to be around full employment.However, he noted that inflation…
