Macro
April PCE came in at 2.1% headline and 2.5% core - a dramatic cooling that reshapes the Fed's June rate decision calculus and gives equity markets a fresh tailwind.
Macro
Goldman Sachs raised its S&P 500 year-end target to 8,000, projecting 17% returns driven by AI-powered earnings growth. Here is what the upgrade means - and what could derail it.
Macro
There is a phrase that has not carried much weight in financial markets for the better part of two decades: bond vigilante. It refers to investors who punish governments for fiscal recklessness by selling their bonds, driving yields higher and borrowing costs up. For most of the post-2008 era,
Earnings
There is a phrase that gets used a lot in pharmaceutical strategy circles: "diversification beyond the blockbuster." The idea is simple. A drug company that depends on one or two mega-products for the bulk of its revenue is one patent cliff away from a crisis. Eli Lilly
News
For more than two centuries, the New York Stock Exchange has operated on a simple premise: buyers and sellers meet, a price is discovered, and a trade settles. That is about to change. The question is whether Wall Street is ready for what comes next.
Tech
When SpaceX filed its S-1 with the Securities and Exchange Commission on May 20, the financial world finally got what it had been waiting years for: a real look inside Elon Musk's rocket company. What it found was not quite what most people expected. Yes, SpaceX is
Macro
Kevin Warsh is now the 17th Fed chair, inheriting a $6.8 trillion balance sheet, a market pricing in rate hikes, and an Iran war that has reshaped the inflation outlook. Here is what his arrival means for investors.
News
Oil traders have been here before. Three times since the 2026 Iran war began in late February, markets have priced in a peace deal only to watch it evaporate within hours. So when President Trump posted on social media Saturday morning that the Strait of Hormuz deal was "largely
News
The S&P 500 closed out its eighth consecutive week of gains on Friday, its longest winning streak since December 2023, and the market's mood heading into the Memorial Day weekend is about as good as it has been all year. The Dow Jones Industrial Average set
News
There is a data point buried in Walmart's first-quarter earnings report that tells you more about the state of the American consumer than almost any macroeconomic indicator. The average fuel fill-up at Walmart's gasoline stations fell below 10 gallons for the first time since 2022.
Macro
Two major economic reports landed on Wednesday: real GDP grew at 2.0% in Q1 2026, but inflation surged to 4.5% annualized. The Federal Reserve held rates steady in an 8-4 vote—the most divided decision since 1992—as Jerome Powell chaired his final meeting.
News
The S&P 500 closed above 7,000 for the first time in its history on Wednesday, erasing every point of the losses that the Iran war inflicted on US equity markets since the conflict began. The milestone, reached on the back of a blowout bank earnings season and