Barron’s (June 5)
“Markets have soared toward the rare air last breathed by investors in the mid-1980s, but the stalling tech rally is bringing stocks back down to Earth.” It was “a series of quarterly updates on Wednesday that punctured a hole in the AI trade that has powered markets higher since the end of March.” The “market’s angst” was compounded by “stubbornly high Treasury yields, the lack of an agreement on ending the U.S. war with Iran, and a near 10% gain for global crude prices since last Friday’s close.”
Tags: 1980s, AI trade, Angst, Crude, Investors, Iran, Markets, Punctured, Quarterly updates, Rare air, Soared, Stalling, Stocks, Tech rally, Treasury yields, U.S., War
New York Times (September 6)
“When the federal government last month reported a sharp decline in the nation’s hiring, President Trump dismissed the numbers, claiming without evidence that they were “rigged,” and then ousted the official responsible for producing them.” This month’s jobs report was even worse, confirming “the reality that Mr. Trump has been trying to avoid. The labor market is stalling—and the nation is facing real strains—under the weight of his economic agenda.” His administration will try to deflect, but “the numbers mostly reflect what Americans already know.” Consumer sentiment has weakened in anticipation of tariff-linked inflation while “surveys show that workers are worried about holding onto their jobs and pessimistic about their chances of finding a different one.”
Tags: Consumer sentiment, Federal government, Hiring, Inflation, Jobs report, Labor market, Rigged, Sharp decline, Stalling, Strains, Tariffs, Trump, Weakened, Workers, Worried
Wall Street Journal (November 20)
“America’s spendthrift relationship with electric vehicles has lost some spark. It will take new generations of products to rekindle the romance on tighter budgets…. Whether or not adoption of EVs in the U.S. is actually stalling—the jury is out—it is clearly weaker than manufacturers were anticipating.” Average prices of EVs fell to “about $52,000 in October, down from around $65,000 a year ago” with U.S. sales levelling out at “around the 100,000-a-month mark.”
Tags: $52, 000, 65%, EVs, https://www.wsj.com/business/autos/are-americans-falling-out-of-love-with-evs-2c7e6a1a?page=1 U.S., Manufacturers, October, Sales, Spendthrift, Stalling, Tighter budgets, U.S.
The Guardian (July 9)
“The pound has come under fresh selling pressure amid rising fears over the strength of the British economy as no-deal Brexit looms,” tumbling to its lowest sustained level in over two years. “The latest sell-off comes at a time of a stalling UK economy, as the boost from stockpiling before the original Brexit deadline begins to fade” and fears grow that “the economy probably contracted in the three months to June, raising fears of a technical recession.”
Tags: Brexit, Economy, Fears, No-deal, Pound, Pressure, Recession, Sell-off, Stalling, Stockpiling, UK
Wall Street Journal (November 14, 2013)
“Abenomics is at risk of stalling out unless workers start seeing fatter paychecks. So far, it doesn’t look good.”“Abenomics is at risk of stalling out unless workers start seeing fatter paychecks. So far, it doesn’t look good.”
