September Was Bad for Investors. October Could Be Worse.

Text size Market chaos has hit stocks, bonds, commodities, currencies, and futures. It’s hard to see it ending soon. Michael M. Santiago/Getty Images It’s a bumpy, volatile, no good, very bad market out there. Stocks, bonds, commodities, currencies, and futures have been moving violently from day to day—and there’s probably more whiplash ahead The S&P … Read more

Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history

““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.”” — Jeremy Siegel Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell. The longtime … Read more

Why stock-market investors fear a full percentage point Fed rate hike would ‘unnerve’ Wall Street

With both U.S. stocks and bonds under pressure on Tuesday, some on Wall Street argue that investors are underestimating the possibility that the Fed might deliver a surprise 100 basis-point interest rate hike at the close of its two-day policy meeting on Wednesday. While fed-funds futures traders overwhelmingly anticipate a hike of 75 basis points, … Read more

‘More pain to come’ for stocks as S&P 500 likely to bottom around 3,300, Interactive Brokers’ founder says

““I think there is more pain to come. I expect the market to bottom out around 3,300. As interest rates indicate today, the Fed still has quite a bit of work to do,”” — Thomas Peterffy, chairman and founder of Interactive Brokers Thomas Peterffy, the chairman and founder of Interactive Brokers, shared some thoughts about … Read more

Stock market’s June lows are back in sight after S&P 500 loses grip on 3,900

Stock-market bears maintained the upper hand last week, with the S&P 500 finishing Friday below a crucial chart support level that has technical analysts warning of a potential test of its June lows. “Over the last three years, the level on the [S&P 500] with the most amount of volume traded has been 3,900. It … Read more

Can the Fed tame inflation without crushing the stock market? What investors need to know.

The Federal Reserve isn’t trying to slam the stock market as it rapidly raises interest rates in its bid to slow inflation still running red hot — but investors need to be prepared for more pain and volatility because policy makers aren’t going to be cowed by a deepening selloff, investors and strategists said. “I … Read more

Why Is the Stock Market Down? It Knows the Worst Is Yet to Come.

Text size NYSE From a certain point onward, there is no turning back. The stock market reached that point this past week. Oh, the market was hopeful, entering the week, that inflation had reached its peak, that the Federal Reserve would stop raising rates soon, that the bottom was in. But Tuesday’s release of August’s … Read more

U.S. stocks open higher as investors assess Fed rate outlook, await key speeches

U.S. stocks opened higher Wednesday, shaking off modest weakness seen earlier after The Wall Street Journal reported that policy makers appeared to be on track to deliver another 75 basis-point rate increase this month. Investors were also awaiting a speech from Federal Reserve Vice Chair Lael Brainard, among other senior Fed officials, along with the … Read more

The Stock Market Looked Ready to Recover Before Falling Apart. What Went Wrong.

Text size Jonathan Alpeyrie/Bloomberg August’s payrolls data was greeted with chants of “Goldilocks” for being not too hot and not too cold. Investors, however, forgot that “Goldilocks and the Three Bears” didn’t really have a happy ending. It’s easy to see why markets initially celebrated the report. While the U.S. economy added 315,000 jobs in … Read more

Fed’s Powell sparked a 1,000-point rout in the Dow. Here’s what investors should do next.

Now might be the time to consider hiding out in short-dated Treasurys or corporate bonds and other defensive parts of the stock market. On Friday, Federal Reserve Chairman Jerome Powell talked of a willingness to inflict “some pain” on households and businesses in an unusually blunt Jackson Hole speech that hinted at a 1970s-style inflation … Read more