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Having the most advanced tools for your stock trade is not enough, the role of news cannot be understated. Moreover, having the right information means nothing if you are not able to receive it instantly. With the Proficient Trader App you have free access to the recent news and trends in global financial markets from the most reliable resources, such as Yahoo Finance, CNBC, Forbes, Business Insider, Bloomberg Markets, and the list is growing! After checking news headlines, you may be interested in, with a click of a button, you will be directed to that headline, on that specific website.

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Small Caps Are Now The Driver For Moves Higher (Technically Speaking For 9/27)
Seeking Alpha
Small Caps Are Now The Driver For Moves Higher (Technically Speaking For 9/27)

Small Caps Are Now The Driver For Moves Higher (Technically Speaking For 9/27)...

Mon, 27 Sep 2021 19:56
Dallas, Boston Fed presidents announce resignations following controversial stock trades
New York Post
Dallas, Boston Fed presidents announce resignations following controversial stock trades

It was a "Fed letter day" as two regional Federal Reserve presidents announced early retirements following controversial stock trades that were exposed in news reports....

Mon, 27 Sep 2021 19:35
New York Fed's Williams cautions of debt-ceiling risk to markets
Reuters
New York Fed's Williams cautions of debt-ceiling risk to markets

New York Federal Reserve Bank President John Williams on Monday warned of the potential negative market reaction if the United States failed to solve its debt-ceiling issue, but said market participants right now seemed to think the problem would be resolved....

Mon, 27 Sep 2021 19:16
Fed resignations don't blunt calls for broader ethics changes
Reuters
Fed resignations don't blunt calls for broader ethics changes

U.S. consumer and public interest groups on Monday kept up the pressure on Federal Reserve Chair Jerome Powell to impose stricter ethics rules on Fed officials, after two Fed bank presidents resigned because of controversial investing activity last year....

Mon, 27 Sep 2021 19:02
Stock futures are flat as investors gauge the spike in bond yields
CNBC
Stock futures are flat as investors gauge the spike in bond yields

On Monday, a rise in Treasury yields left the major averages mixed....

Mon, 27 Sep 2021 18:03
Fed will allow labor markets to 'run their course': Bostic
Reuters
Fed will allow labor markets to 'run their course': Bostic

Atlanta Federal Reserve Bank President Raphael Bostic on Monday reiterated the U.S. central bank's commitment to making sure every American who wants a job can have one....

Mon, 27 Sep 2021 17:49
Chile cenbank to decide on roll-out of digital currency in 2022
Reuters
Chile cenbank to decide on roll-out of digital currency in 2022

Chile's central bank will decide in early 2022 on a strategy for the potential roll-out of its own digital currency, the bank's president said on Monday, as policymakers worldwide seek to keep pace with fast-spreading cryptocurrencies....

Mon, 27 Sep 2021 17:41
Yes, New All-Time Highs Are Coming
Seeking Alpha
Yes, New All-Time Highs Are Coming

So, we recently got the 5-10% pullback I warned about, but investors still seem jittery about the stock market. Just because Fed policy will be less loose in the future does not make it tight....

Mon, 27 Sep 2021 17:27
FA Center: Why stocks could lose popularity as the market's ‘presidential election cycle' enters its second year
Market Watch
FA Center: Why stocks could lose popularity as the market's ‘presidential election cycle' enters its second year

Should investors be worried that the second year of the “presidential election cycle” is about to begin? Followers of the cycle answer “yes,” since second years of the cycle are the worst, on average, of a U.S. president's four-year term....

Mon, 27 Sep 2021 17:02
4th-Quarter Market Outlook: What to Expect From Global Equities
GuruFocus
4th-Quarter Market Outlook: What to Expect From Global Equities

Many investors can agree that the stock market has been on an uncertain wicket for 2021, but it's been another successful year for most equity holders thus far. As such, I wanted to do a quick summary of what I expect for U.S. and emerging market equities for the final quarter of the year; European equities aren't discussed....

Mon, 27 Sep 2021 16:58
Fed Chair Powell to warn Congress that inflation pressures could last longer than expected
CNBC
Fed Chair Powell to warn Congress that inflation pressures could last longer than expected

Federal Reserve Chairman Jerome Powell cautioned Washington legislators that the causes of the recent rise in inflation may last longer than anticipated....

Mon, 27 Sep 2021 16:55
U.S., EU to discuss global trade and tech cooperation as they seek to counter China
CNBC
U.S., EU to discuss global trade and tech cooperation as they seek to counter China

The urgency between the U.S. and European Union to cooperate on trade and tech broadcasts Western ambition to ante up for competition with China....

Mon, 27 Sep 2021 16:53
Crypto Bouncing Back After Rocky Week
ETF Trends
Crypto Bouncing Back After Rocky Week

Bitcoin rallied near $44,000 Monday morning after a rocky week, which ended with the People's Bank of China issuing a statement announcing it has banned crypto transactions.  Bitcoin fell over 10% last Monday during a broader market sell-off largely driven by concerns about contagion from debt-bloated Chinese developer Evergrande....

Mon, 27 Sep 2021 16:50
Dallas Fed President Robert Kaplan Resigns Amid Scrutiny Over Trading — Hours After Boston Colleague Steps Down
Forbes
Dallas Fed President Robert Kaplan Resigns Amid Scrutiny Over Trading — Hours After Boston Colleague Steps Down

Boston Fed president Eric Rosengren announced his retirement earlier Monday....

Mon, 27 Sep 2021 16:49
Fed Presidents Rosengren, Kaplan to Retire Following Stock Trading Controversy
Barrons
Fed Presidents Rosengren, Kaplan to Retire Following Stock Trading Controversy

Eric Rosengren and Robert Kaplan will step down....

Mon, 27 Sep 2021 16:49
Fed's Powell: Reopening economic bottlenecks could be
Reuters
Fed's Powell: Reopening economic bottlenecks could be "more enduring"

The higher prices and hiring difficulties seen as the U.S. economy reopens from the pandemic could prove "more enduring than anticipated," and the Federal Reserve would move against unchecked inflation if needed, Fed chair Jerome Powell said in remarks prepared for delivery to the Senate banking committee on Tuesday....

Mon, 27 Sep 2021 16:36
Natural Gas Prices Heating Up, Breakout Would Bring Major Pain!
See It Market
Natural Gas Prices Heating Up, Breakout Would Bring Major Pain!

The price of natural gas is a closely watched economic input, similar to crude oil, gasoline, and interest rates. When these economic inputs are rising, then we tend to worry about inflation....

Mon, 27 Sep 2021 16:34
Stock Market Today: Energy Leads, Tech Lags, As Interest Rates Keep Rising
Kiplinger
Stock Market Today: Energy Leads, Tech Lags, As Interest Rates Keep Rising

The rotation into cyclicals and value was in full gear Monday as the 10-year Treasury yield briefly eclipsed 1.5% for the first time in months....

Mon, 27 Sep 2021 16:34
What The Debt Ceiling And Fed Tapering Could Mean For Interest Rate Markets
Benzinga
What The Debt Ceiling And Fed Tapering Could Mean For Interest Rate Markets

The debt ceiling debate in Congress is becoming louder, and markets are beginning to price a premium on U.S. debt by the end of the year. The Treasury is spending down its cash holdings by $1.5 trillion, the lowest level in recent times....

Mon, 27 Sep 2021 16:33
Kaplan and Rosengren, Fed Presidents Under Fire for Trades, Will Step Down
NYTimes
Kaplan and Rosengren, Fed Presidents Under Fire for Trades, Will Step Down

Robert S. Kaplan will exit his role as head of the Federal Reserve Bank of Dallas next month. Eric S. Rosengren, the head of the Federal Reserve Bank of Boston, is also retiring earlier than planned....

Mon, 27 Sep 2021 16:31
It's time to double down on Chinese stocks as risks of government intervention are priced in, BlackRock says
Business Insider
It's time to double down on Chinese stocks as risks of government intervention are priced in, BlackRock says

The BlackRock note comes a month after the company said investors should as much as triple their allocation to Chinese stocks....

Mon, 27 Sep 2021 16:18
US stocks slow their roll at Monday's close
Proactive Investors
US stocks slow their roll at Monday's close

4:10pm: Wall Street pares back on Monday although energy stocks outperform After a three-day winning streak, stocks ran out of breath on Monday as investors had their eyes firmly on developments in Washington. Lawmakers are expected to vote this week on legislation to fund the government beyond the end of the fiscal year on Thursday in a bid to prevent a government shutdown, and there are ongoing debates around a bipartisan $1 trillion infrastructure deal and $3.5 trillion budget reconciliation package....

Mon, 27 Sep 2021 16:17
Fed's Kaplan to leave job Oct. 8, citing trading activities
Reuters
Fed's Kaplan to leave job Oct. 8, citing trading activities

Dallas Federal Reserve Bank President Robert Kaplan on Monday said he will leave his job on Oct. 8 to eliminate any "distraction" to the central bank related to his personal investment activities....

Mon, 27 Sep 2021 16:15
Dallas Fed President Kaplan to retire Oct. 8 amid scrutiny over stock trades
Market Watch
Dallas Fed President Kaplan to retire Oct. 8 amid scrutiny over stock trades

The Dallas Federal Reserve announced Monday that its president, Rob Kaplan, will retire from the regional bank on Oct. 8. The departure comes after Kaplan and Boston Fed President Eric Rosengren drew flak for their trading of individual securities....

Mon, 27 Sep 2021 16:14
Dow books longest win streak in 2 months but gains fade at Monday's end and S&P 500 and Nasdaq close lower
Market Watch
Dow books longest win streak in 2 months but gains fade at Monday's end and S&P 500 and Nasdaq close lower

The Dow Jones Industrial Average finished higher Monday, but the index managed to notch a fourth straight session of gains, but the blue-chip index ended well off the best levels of the session and the S&P 500 and Nasdaq Composite closed lower. Notably, small-capitalization stocks advanced sharply on the session, aided by a gain in energy shares which themselves were helped by a rally in crude-oil prices CL.1, +2.03% , rising to the highest level in about three years....

Mon, 27 Sep 2021 16:10
Energy Is Becoming a Problem. There Are Winners and Losers.
Barrons
Energy Is Becoming a Problem. There Are Winners and Losers.

Shortages of electricity in China threaten to slow down economic growth there, while Europe has its own problems. Oil prices are rising....

Mon, 27 Sep 2021 16:08
Nasdaq leads US stocks lower as Treasury yields jump to 3-month high
Business Insider
Nasdaq leads US stocks lower as Treasury yields jump to 3-month high

The Nasdaq Composite notched its second straight loss as Wall Street enters the final trading days of the third quarter....

Mon, 27 Sep 2021 16:07
When We Empower U.S. Manufacturers With An Optimized Power Grid, We Contribute To A More Competitive Economy
Forbes
When We Empower U.S. Manufacturers With An Optimized Power Grid, We Contribute To A More Competitive Economy

The pending infrastructure deal proposes an unprecedented investment of approximately $60 billion in the power grid that includes setting up sustainable energy microgrids, building new and resilient transmission lines, creating a new Grid Deployment Authority, and more....

Mon, 27 Sep 2021 15:40
Fed officials say they see a pullback in stimulus even with inflation cooling
CNBC
Fed officials say they see a pullback in stimulus even with inflation cooling

At least three Federal Reserve officials said Monday they are ready to pull back on stimulus even though they don't see a threat from inflation....

Mon, 27 Sep 2021 15:34
Shannon Saccocia doesn't expect ‘financials' to lead in Q4: here's why
Invezz
Shannon Saccocia doesn't expect ‘financials' to lead in Q4: here's why

The S&P 500 Financials is up more than 5.0% since last Tuesday, but Boston Private's Shannon Saccocia is convinced that the momentum will not sustain in the upcoming months. Saccocia's remarks on CNBC's “Halftime Report” Saccocia picked industrials, technology, and healthcare as the top three sectors she expects to outperform in the fourth quarter....

Mon, 27 Sep 2021 15:22
Economic Growth Outlook: The Slowdown Continues
Benzinga
Economic Growth Outlook: The Slowdown Continues

By Chris Yates As I have discussed in a number of recent posts, leading economic data continues to suggest a cyclical slowdown in the business cycle is upon us and is likely to continue to persist for the coming months. Furthermore, a continued slowdown in growth may precipitate a deceleration in the rate of change in inflation, indicating a transition from a stagflation macro regime to that of outright disinflation, whereby both inflation and growth decelerate together....

Mon, 27 Sep 2021 15:14
Competition, chips, AI on table at first U.S.-EU trade and tech meet
Reuters
Competition, chips, AI on table at first U.S.-EU trade and tech meet

The United States and the European Union hope to discuss chip shortages, artificial intelligence and tech competition issues during the first Trade and Tech Council meeting this week, senior U.S. administration officials said on Monday....

Mon, 27 Sep 2021 15:08
Top Fed officials say the labor market needs more time to heal.
NYTimes
Top Fed officials say the labor market needs more time to heal.

Lael Brainard, a Federal Reserve governor, argued that the job market is not tight, and John C. Williams, the president of the New York Fed, said it has “a long way to go....

Mon, 27 Sep 2021 14:59
China's Woes Could Spell Trouble for S&P 500 Companies
Barrons
China's Woes Could Spell Trouble for S&P 500 Companies

As China tries to reshape its economy, a slew of U.S. companies including those in materials and technology sectors, may feel some pain....

Mon, 27 Sep 2021 14:58
US to press for semiconductor relief at EU tech meeting
TechXplore
US to press for semiconductor relief at EU tech meeting

US President Joe Biden will use this week's inaugural technology ministerial with the European Union to push for solutions to the nagging semiconductor supply issue that has hit the American economy, officials said Monday....

Mon, 27 Sep 2021 14:57
Wells Fargo to pay $37 million in foreign-exchange fraud case
New York Post
Wells Fargo to pay $37 million in foreign-exchange fraud case

Wells Fargo on Monday reached a $37.3 million settlement to resolve US government accusations that it fraudulently overcharged hundreds of commercial customers who used its foreign exchange services. The settlement filed with the US District Court in Manhattan requires a judge's approval, and resolves civil fraud charges against the fourth-largest US bank....

Mon, 27 Sep 2021 14:42
Investors should buy any dip in the market as declining COVID-19 cases spur fresh gains for stocks, JPMorgan says
Business Insider
Investors should buy any dip in the market as declining COVID-19 cases spur fresh gains for stocks, JPMorgan says

"We now think that the delta wave has likely peaked and is now receding in the US and globally," JPMorgan said....

Mon, 27 Sep 2021 14:42
The Fed: Fed's Brainard says spike in inflation this year is ‘transitory'
Market Watch
The Fed: Fed's Brainard says spike in inflation this year is ‘transitory'

Federal Reserve Board Governor Lael Brainard on Monday laid out a strong case for the central bank to maintain low interest rates, saying that the spike seen in inflation this year was transitory and the labor market was far from healed....

Mon, 27 Sep 2021 14:37
Growth Stocks Holding Up Better Than Cyclicals
Seeking Alpha
Growth Stocks Holding Up Better Than Cyclicals

The market has been focused with the rising yield / inflation story of late, understandably so, as the Federal Reserve may taper or raise interest rates faster than expected....

Mon, 27 Sep 2021 13:55
Interest Rates Continue To Rise
Seeking Alpha
Interest Rates Continue To Rise

Since last Wednesday, when the Fed announced the results of the FOMC, interest rates have moved upwards....

Mon, 27 Sep 2021 13:25
Fed's Brainard: U.S. still
Reuters
Fed's Brainard: U.S. still "a bit short" of jobs mark for bond taper

U.S. employment is "still a bit short of the mark" for the Federal Reserve to begin reducing its monthly bond purchases, Fed Governor Lael Brainard said on Monday in remarks highlighting the risk that a resurgent pandemic may continue to thwart hiring into the fall....

Mon, 27 Sep 2021 12:56
Boston Fed chief announces early retirement after criticism over personal trades
CNN Business
Boston Fed chief announces early retirement after criticism over personal trades

Eric Rosengren, the head of the Boston Federal Reserve, announced his early retirement Monday amid backlash about personal investing decisions that raised conflict-of-interest concerns....

Mon, 27 Sep 2021 12:53
The Tell: Rising Treasury yields take wind out of stock market amid ‘recalibration' of Federal Reserve's policy outlook
Market Watch
The Tell: Rising Treasury yields take wind out of stock market amid ‘recalibration' of Federal Reserve's policy outlook

A selloff in U.S. government debt, inspired by the Federal Reserve's policy update last week, finally took a toll on stocks....

Mon, 27 Sep 2021 12:23
The Fed: Fed Williams predicts U.S. will taper off to 2% in 2022
Market Watch
The Fed: Fed Williams predicts U.S. will taper off to 2% in 2022

The president of the New York Federal Reserve on Monday said he thinks the rate of inflation in the U.S. will decline to around 2% next year, though he acknowledged a “great deal of uncertainty” about his forecast....

Mon, 27 Sep 2021 12:13
US Markets mixed at midday as oil prices rally
Proactive Investors
US Markets mixed at midday as oil prices rally

12:05pm: Energy prices benefit Dow, weigh on NASDAQ A surging Brent Crude price which rallied to a three-year high as it approaches $80 a barrel added tailwinds to the Dow Jones Industrial Average Monday. The DJIA climbed 131 points (0.38%) by the lunch hour to hold at 34,934....

Mon, 27 Sep 2021 12:10
NY Fed's Williams says tapering of asset purchases may soon be warranted
Reuters
NY Fed's Williams says tapering of asset purchases may soon be warranted

The Federal Reserve may soon start to reduce the pace of its asset purchases if the economy continues to improve as expected, New York Federal Reserve Bank President John Williams said on Monday....

Mon, 27 Sep 2021 12:08
Boston Fed President—Under Fire For Trading Activity—Retiring Early, Citing Health Concerns
Forbes
Boston Fed President—Under Fire For Trading Activity—Retiring Early, Citing Health Concerns

Eric Rosengren was originally set to retire next June....

Mon, 27 Sep 2021 11:10
Apple and Other Big Tech Stocks Are Tumbling. Why the Dow Is Rising.
Barrons
Apple and Other Big Tech Stocks Are Tumbling. Why the Dow Is Rising.

Rising Treasury yields are giving companies like Boeing and Caterpillar a boost....

Mon, 27 Sep 2021 10:54

TechXplore

US to press for semiconductor relief at EU tech meeting
TechXplore
US to press for semiconductor relief at EU tech meeting

US President Joe Biden will use this week's inaugural technology ministerial with the European Union to push for solutions to the nagging semiconductor supply issue that has hit the American economy, officials said Monday....

Mon, 27 Sep 2021 14:57

Seeking Alpha

Small Caps Are Now The Driver For Moves Higher (Technically Speaking For 9/27)
Seeking Alpha
Small Caps Are Now The Driver For Moves Higher (Technically Speaking For 9/27)

Small Caps Are Now The Driver For Moves Higher (Technically Speaking For 9/27)...

Mon, 27 Sep 2021 19:56
Yes, New All-Time Highs Are Coming
Seeking Alpha
Yes, New All-Time Highs Are Coming

So, we recently got the 5-10% pullback I warned about, but investors still seem jittery about the stock market. Just because Fed policy will be less loose in the future does not make it tight....

Mon, 27 Sep 2021 17:27
Growth Stocks Holding Up Better Than Cyclicals
Seeking Alpha
Growth Stocks Holding Up Better Than Cyclicals

The market has been focused with the rising yield / inflation story of late, understandably so, as the Federal Reserve may taper or raise interest rates faster than expected....

Mon, 27 Sep 2021 13:55
Interest Rates Continue To Rise
Seeking Alpha
Interest Rates Continue To Rise

Since last Wednesday, when the Fed announced the results of the FOMC, interest rates have moved upwards....

Mon, 27 Sep 2021 13:25
A Predictable Bounce In The S&P 500 With A Large Caveat
Seeking Alpha
A Predictable Bounce In The S&P 500 With A Large Caveat

The S&P 500 yet again survived a challenge of its key uptrend. The Federal Reserve helped catalyze the rebound from another shallow pullback....

Mon, 27 Sep 2021 10:53

See It Market

Natural Gas Prices Heating Up, Breakout Would Bring Major Pain!
See It Market
Natural Gas Prices Heating Up, Breakout Would Bring Major Pain!

The price of natural gas is a closely watched economic input, similar to crude oil, gasoline, and interest rates. When these economic inputs are rising, then we tend to worry about inflation....

Mon, 27 Sep 2021 16:34

Reuters

New York Fed's Williams cautions of debt-ceiling risk to markets
Reuters
New York Fed's Williams cautions of debt-ceiling risk to markets

New York Federal Reserve Bank President John Williams on Monday warned of the potential negative market reaction if the United States failed to solve its debt-ceiling issue, but said market participants right now seemed to think the problem would be resolved....

Mon, 27 Sep 2021 19:16
Fed resignations don't blunt calls for broader ethics changes
Reuters
Fed resignations don't blunt calls for broader ethics changes

U.S. consumer and public interest groups on Monday kept up the pressure on Federal Reserve Chair Jerome Powell to impose stricter ethics rules on Fed officials, after two Fed bank presidents resigned because of controversial investing activity last year....

Mon, 27 Sep 2021 19:02
Fed will allow labor markets to 'run their course': Bostic
Reuters
Fed will allow labor markets to 'run their course': Bostic

Atlanta Federal Reserve Bank President Raphael Bostic on Monday reiterated the U.S. central bank's commitment to making sure every American who wants a job can have one....

Mon, 27 Sep 2021 17:49
Chile cenbank to decide on roll-out of digital currency in 2022
Reuters
Chile cenbank to decide on roll-out of digital currency in 2022

Chile's central bank will decide in early 2022 on a strategy for the potential roll-out of its own digital currency, the bank's president said on Monday, as policymakers worldwide seek to keep pace with fast-spreading cryptocurrencies....

Mon, 27 Sep 2021 17:41
Fed's Powell: Reopening economic bottlenecks could be
Reuters
Fed's Powell: Reopening economic bottlenecks could be "more enduring"

The higher prices and hiring difficulties seen as the U.S. economy reopens from the pandemic could prove "more enduring than anticipated," and the Federal Reserve would move against unchecked inflation if needed, Fed chair Jerome Powell said in remarks prepared for delivery to the Senate banking committee on Tuesday....

Mon, 27 Sep 2021 16:36
Fed's Kaplan to leave job Oct. 8, citing trading activities
Reuters
Fed's Kaplan to leave job Oct. 8, citing trading activities

Dallas Federal Reserve Bank President Robert Kaplan on Monday said he will leave his job on Oct. 8 to eliminate any "distraction" to the central bank related to his personal investment activities....

Mon, 27 Sep 2021 16:15
Competition, chips, AI on table at first U.S.-EU trade and tech meet
Reuters
Competition, chips, AI on table at first U.S.-EU trade and tech meet

The United States and the European Union hope to discuss chip shortages, artificial intelligence and tech competition issues during the first Trade and Tech Council meeting this week, senior U.S. administration officials said on Monday....

Mon, 27 Sep 2021 15:08
Fed's Brainard: U.S. still
Reuters
Fed's Brainard: U.S. still "a bit short" of jobs mark for bond taper

U.S. employment is "still a bit short of the mark" for the Federal Reserve to begin reducing its monthly bond purchases, Fed Governor Lael Brainard said on Monday in remarks highlighting the risk that a resurgent pandemic may continue to thwart hiring into the fall....

Mon, 27 Sep 2021 12:56
NY Fed's Williams says tapering of asset purchases may soon be warranted
Reuters
NY Fed's Williams says tapering of asset purchases may soon be warranted

The Federal Reserve may soon start to reduce the pace of its asset purchases if the economy continues to improve as expected, New York Federal Reserve Bank President John Williams said on Monday....

Mon, 27 Sep 2021 12:08

Proactive Investors

US stocks slow their roll at Monday's close
Proactive Investors
US stocks slow their roll at Monday's close

4:10pm: Wall Street pares back on Monday although energy stocks outperform After a three-day winning streak, stocks ran out of breath on Monday as investors had their eyes firmly on developments in Washington. Lawmakers are expected to vote this week on legislation to fund the government beyond the end of the fiscal year on Thursday in a bid to prevent a government shutdown, and there are ongoing debates around a bipartisan $1 trillion infrastructure deal and $3.5 trillion budget reconciliation package....

Mon, 27 Sep 2021 16:17
US Markets mixed at midday as oil prices rally
Proactive Investors
US Markets mixed at midday as oil prices rally

12:05pm: Energy prices benefit Dow, weigh on NASDAQ A surging Brent Crude price which rallied to a three-year high as it approaches $80 a barrel added tailwinds to the Dow Jones Industrial Average Monday. The DJIA climbed 131 points (0.38%) by the lunch hour to hold at 34,934....

Mon, 27 Sep 2021 12:10

NYTimes

Kaplan and Rosengren, Fed Presidents Under Fire for Trades, Will Step Down
NYTimes
Kaplan and Rosengren, Fed Presidents Under Fire for Trades, Will Step Down

Robert S. Kaplan will exit his role as head of the Federal Reserve Bank of Dallas next month. Eric S. Rosengren, the head of the Federal Reserve Bank of Boston, is also retiring earlier than planned....

Mon, 27 Sep 2021 16:31
Top Fed officials say the labor market needs more time to heal.
NYTimes
Top Fed officials say the labor market needs more time to heal.

Lael Brainard, a Federal Reserve governor, argued that the job market is not tight, and John C. Williams, the president of the New York Fed, said it has “a long way to go....

Mon, 27 Sep 2021 14:59

New York Post

Dallas, Boston Fed presidents announce resignations following controversial stock trades
New York Post
Dallas, Boston Fed presidents announce resignations following controversial stock trades

It was a "Fed letter day" as two regional Federal Reserve presidents announced early retirements following controversial stock trades that were exposed in news reports....

Mon, 27 Sep 2021 19:35
Wells Fargo to pay $37 million in foreign-exchange fraud case
New York Post
Wells Fargo to pay $37 million in foreign-exchange fraud case

Wells Fargo on Monday reached a $37.3 million settlement to resolve US government accusations that it fraudulently overcharged hundreds of commercial customers who used its foreign exchange services. The settlement filed with the US District Court in Manhattan requires a judge's approval, and resolves civil fraud charges against the fourth-largest US bank....

Mon, 27 Sep 2021 14:42

Market Watch

FA Center: Why stocks could lose popularity as the market's ‘presidential election cycle' enters its second year
Market Watch
FA Center: Why stocks could lose popularity as the market's ‘presidential election cycle' enters its second year

Should investors be worried that the second year of the “presidential election cycle” is about to begin? Followers of the cycle answer “yes,” since second years of the cycle are the worst, on average, of a U.S. president's four-year term....

Mon, 27 Sep 2021 17:02
Dallas Fed President Kaplan to retire Oct. 8 amid scrutiny over stock trades
Market Watch
Dallas Fed President Kaplan to retire Oct. 8 amid scrutiny over stock trades

The Dallas Federal Reserve announced Monday that its president, Rob Kaplan, will retire from the regional bank on Oct. 8. The departure comes after Kaplan and Boston Fed President Eric Rosengren drew flak for their trading of individual securities....

Mon, 27 Sep 2021 16:14
Dow books longest win streak in 2 months but gains fade at Monday's end and S&P 500 and Nasdaq close lower
Market Watch
Dow books longest win streak in 2 months but gains fade at Monday's end and S&P 500 and Nasdaq close lower

The Dow Jones Industrial Average finished higher Monday, but the index managed to notch a fourth straight session of gains, but the blue-chip index ended well off the best levels of the session and the S&P 500 and Nasdaq Composite closed lower. Notably, small-capitalization stocks advanced sharply on the session, aided by a gain in energy shares which themselves were helped by a rally in crude-oil prices CL.1, +2.03% , rising to the highest level in about three years....

Mon, 27 Sep 2021 16:10
The Fed: Fed's Brainard says spike in inflation this year is ‘transitory'
Market Watch
The Fed: Fed's Brainard says spike in inflation this year is ‘transitory'

Federal Reserve Board Governor Lael Brainard on Monday laid out a strong case for the central bank to maintain low interest rates, saying that the spike seen in inflation this year was transitory and the labor market was far from healed....

Mon, 27 Sep 2021 14:37
The Tell: Rising Treasury yields take wind out of stock market amid ‘recalibration' of Federal Reserve's policy outlook
Market Watch
The Tell: Rising Treasury yields take wind out of stock market amid ‘recalibration' of Federal Reserve's policy outlook

A selloff in U.S. government debt, inspired by the Federal Reserve's policy update last week, finally took a toll on stocks....

Mon, 27 Sep 2021 12:23
The Fed: Fed Williams predicts U.S. will taper off to 2% in 2022
Market Watch
The Fed: Fed Williams predicts U.S. will taper off to 2% in 2022

The president of the New York Federal Reserve on Monday said he thinks the rate of inflation in the U.S. will decline to around 2% next year, though he acknowledged a “great deal of uncertainty” about his forecast....

Mon, 27 Sep 2021 12:13

Kiplinger

Stock Market Today: Energy Leads, Tech Lags, As Interest Rates Keep Rising
Kiplinger
Stock Market Today: Energy Leads, Tech Lags, As Interest Rates Keep Rising

The rotation into cyclicals and value was in full gear Monday as the 10-year Treasury yield briefly eclipsed 1.5% for the first time in months....

Mon, 27 Sep 2021 16:34

Invezz

Shannon Saccocia doesn't expect ‘financials' to lead in Q4: here's why
Invezz
Shannon Saccocia doesn't expect ‘financials' to lead in Q4: here's why

The S&P 500 Financials is up more than 5.0% since last Tuesday, but Boston Private's Shannon Saccocia is convinced that the momentum will not sustain in the upcoming months. Saccocia's remarks on CNBC's “Halftime Report” Saccocia picked industrials, technology, and healthcare as the top three sectors she expects to outperform in the fourth quarter....

Mon, 27 Sep 2021 15:22

GuruFocus

4th-Quarter Market Outlook: What to Expect From Global Equities
GuruFocus
4th-Quarter Market Outlook: What to Expect From Global Equities

Many investors can agree that the stock market has been on an uncertain wicket for 2021, but it's been another successful year for most equity holders thus far. As such, I wanted to do a quick summary of what I expect for U.S. and emerging market equities for the final quarter of the year; European equities aren't discussed....

Mon, 27 Sep 2021 16:58

Fox Business

Boston Fed chief Rosengren to retire early due to health concerns
Fox Business
Boston Fed chief Rosengren to retire early due to health concerns

Boston Fed President Eric Rosengren will retire at the end of September due to health concerns....

Mon, 27 Sep 2021 10:32

Forbes

Dallas Fed President Robert Kaplan Resigns Amid Scrutiny Over Trading — Hours After Boston Colleague Steps Down
Forbes
Dallas Fed President Robert Kaplan Resigns Amid Scrutiny Over Trading — Hours After Boston Colleague Steps Down

Boston Fed president Eric Rosengren announced his retirement earlier Monday....

Mon, 27 Sep 2021 16:49
When We Empower U.S. Manufacturers With An Optimized Power Grid, We Contribute To A More Competitive Economy
Forbes
When We Empower U.S. Manufacturers With An Optimized Power Grid, We Contribute To A More Competitive Economy

The pending infrastructure deal proposes an unprecedented investment of approximately $60 billion in the power grid that includes setting up sustainable energy microgrids, building new and resilient transmission lines, creating a new Grid Deployment Authority, and more....

Mon, 27 Sep 2021 15:40
Boston Fed President—Under Fire For Trading Activity—Retiring Early, Citing Health Concerns
Forbes
Boston Fed President—Under Fire For Trading Activity—Retiring Early, Citing Health Concerns

Eric Rosengren was originally set to retire next June....

Mon, 27 Sep 2021 11:10

CNN Business

Boston Fed chief announces early retirement after criticism over personal trades
CNN Business
Boston Fed chief announces early retirement after criticism over personal trades

Eric Rosengren, the head of the Boston Federal Reserve, announced his early retirement Monday amid backlash about personal investing decisions that raised conflict-of-interest concerns....

Mon, 27 Sep 2021 12:53

CNBC

Stock futures are flat as investors gauge the spike in bond yields
CNBC
Stock futures are flat as investors gauge the spike in bond yields

On Monday, a rise in Treasury yields left the major averages mixed....

Mon, 27 Sep 2021 18:03
Fed Chair Powell to warn Congress that inflation pressures could last longer than expected
CNBC
Fed Chair Powell to warn Congress that inflation pressures could last longer than expected

Federal Reserve Chairman Jerome Powell cautioned Washington legislators that the causes of the recent rise in inflation may last longer than anticipated....

Mon, 27 Sep 2021 16:55
U.S., EU to discuss global trade and tech cooperation as they seek to counter China
CNBC
U.S., EU to discuss global trade and tech cooperation as they seek to counter China

The urgency between the U.S. and European Union to cooperate on trade and tech broadcasts Western ambition to ante up for competition with China....

Mon, 27 Sep 2021 16:53
Fed officials say they see a pullback in stimulus even with inflation cooling
CNBC
Fed officials say they see a pullback in stimulus even with inflation cooling

At least three Federal Reserve officials said Monday they are ready to pull back on stimulus even though they don't see a threat from inflation....

Mon, 27 Sep 2021 15:34

Business Insider

It's time to double down on Chinese stocks as risks of government intervention are priced in, BlackRock says
Business Insider
It's time to double down on Chinese stocks as risks of government intervention are priced in, BlackRock says

The BlackRock note comes a month after the company said investors should as much as triple their allocation to Chinese stocks....

Mon, 27 Sep 2021 16:18
Nasdaq leads US stocks lower as Treasury yields jump to 3-month high
Business Insider
Nasdaq leads US stocks lower as Treasury yields jump to 3-month high

The Nasdaq Composite notched its second straight loss as Wall Street enters the final trading days of the third quarter....

Mon, 27 Sep 2021 16:07
Investors should buy any dip in the market as declining COVID-19 cases spur fresh gains for stocks, JPMorgan says
Business Insider
Investors should buy any dip in the market as declining COVID-19 cases spur fresh gains for stocks, JPMorgan says

"We now think that the delta wave has likely peaked and is now receding in the US and globally," JPMorgan said....

Mon, 27 Sep 2021 14:42

Benzinga

What The Debt Ceiling And Fed Tapering Could Mean For Interest Rate Markets
Benzinga
What The Debt Ceiling And Fed Tapering Could Mean For Interest Rate Markets

The debt ceiling debate in Congress is becoming louder, and markets are beginning to price a premium on U.S. debt by the end of the year. The Treasury is spending down its cash holdings by $1.5 trillion, the lowest level in recent times....

Mon, 27 Sep 2021 16:33
Economic Growth Outlook: The Slowdown Continues
Benzinga
Economic Growth Outlook: The Slowdown Continues

By Chris Yates As I have discussed in a number of recent posts, leading economic data continues to suggest a cyclical slowdown in the business cycle is upon us and is likely to continue to persist for the coming months. Furthermore, a continued slowdown in growth may precipitate a deceleration in the rate of change in inflation, indicating a transition from a stagflation macro regime to that of outright disinflation, whereby both inflation and growth decelerate together....

Mon, 27 Sep 2021 15:14

Barrons

Fed Presidents Rosengren, Kaplan to Retire Following Stock Trading Controversy
Barrons
Fed Presidents Rosengren, Kaplan to Retire Following Stock Trading Controversy

Eric Rosengren and Robert Kaplan will step down....

Mon, 27 Sep 2021 16:49
Energy Is Becoming a Problem. There Are Winners and Losers.
Barrons
Energy Is Becoming a Problem. There Are Winners and Losers.

Shortages of electricity in China threaten to slow down economic growth there, while Europe has its own problems. Oil prices are rising....

Mon, 27 Sep 2021 16:08
China's Woes Could Spell Trouble for S&P 500 Companies
Barrons
China's Woes Could Spell Trouble for S&P 500 Companies

As China tries to reshape its economy, a slew of U.S. companies including those in materials and technology sectors, may feel some pain....

Mon, 27 Sep 2021 14:58
Apple and Other Big Tech Stocks Are Tumbling. Why the Dow Is Rising.
Barrons
Apple and Other Big Tech Stocks Are Tumbling. Why the Dow Is Rising.

Rising Treasury yields are giving companies like Boeing and Caterpillar a boost....

Mon, 27 Sep 2021 10:54