Inflation, rising rates and the Federal Reserve could whip stocks around in the week ahead

MARKET INSIDER The bond market could again set the course for the week ahead, after rapidly rising interest rates gave stocks a choppy start to the new year. In the coming week, key inflation reports are expected, and Federal Reserve Chairman Jerome Powell is slated to testify Tuesday at his nomination hearing before a Senate panel, while the hearing on Fed Governor LaelContinue reading “Inflation, rising rates and the Federal Reserve could whip stocks around in the week ahead”

Nasdaq is poised to underperform S&P 500 for first time since 2016 as investors shun tech stocks

TECH or the first time in five years, tech investors aren’t the life of the Wall Street party. As 2021 winds down, the tech-heavy Nasdaq Composite is up 23% for the year, trailing the S&P 500, which has climbed 28%, through Monday. The last two times the S&P 500 topped the Nasdaq occurred in 2016 and 2011. TechContinue reading “Nasdaq is poised to underperform S&P 500 for first time since 2016 as investors shun tech stocks”

Omicron outbreak is unlikely to save Canadians from interest rate hikes next year

As Canada’s federal government prepares for another encounter with COVID-19, Canadian borrowers must face a second hazard: the prospect of a sharp rise in interest rates in 2022. While the world’s most powerful central banker, Jerome Powell, warned on Wednesday that a new variant capable of smashing through vaccine defences could check the U.S. Federal Reserve’s plans to cut stimulus,Continue reading “Omicron outbreak is unlikely to save Canadians from interest rate hikes next year”