Federal Reserve https://www.benzinga.com/views/taxonomy/term/125743 en Strong Dollar: 3 Things That Could Halt The Fed Hikes And Send The Dollar Down https://www.benzinga.com/news/18/08/12210447/strong-dollar-3-things-that-could-halt-the-fed-hikes-and-send-the-dollar-down <ul> <li><strong>The Federal Reserve is hawkish and intends to raise interest rates for quite some time.</strong></li> <li><strong>The hawkishness is the underlying driver underpinning the US Dollar.</strong></li> <li><strong>Three things could cause the Fed an abrupt halt in its plans.</strong></li> </ul> <p>The Fed has accelerated the pace of its rate hikes. It hiked rates three times last year and is on course to four increases this one. The FOMC under Powell also increased the forecasts for 2019 and 2020. This&nbsp;stance is not only a result of an acceleration in growth but also an outcome of a more hawkish composition of the current voting members.&nbsp;</p> <p>The Fed is confident, determined and signals the next hikes in advance. The hawkishness keeps the <a href="https://www.fxstreet.com/currencies/us-dollar-index">US Dollar</a> bid for quite some time. Other factors such as the trade wars are more short-lived.&nbsp;</p> <p>What could change the Fed&#39;s opinion and cause a paradigm shift for the US Dollar?&nbsp;</p> <p>Here are three things that could cause a pause.</p> <h3>1) Stock market crash, for whatever reason</h3> <p>The US stock market may be hesitating at new highs, but it looks good. The Fed is quite sensitive to stock prices. Many Americans have their pensions and savings tied to stocks, and the Fed talks about the &quot;wealth effect.&quot; Just knowing that a person has more money in stocks pushes that person to additional consumption.&nbsp;</p> <p>There ...</p><p><a href=https://www.benzinga.com/news/18/08/12210447/strong-dollar-3-things-that-could-halt-the-fed-hikes-and-send-the-dollar-down alt=Strong Dollar: 3 Things That Could Halt The Fed Hikes And Send The Dollar Down>Full story available on Benzinga.com</a></p> FXStreet News Forex Federal Reserve Markets News Forex Federal Reserve Markets Benzinga Wed, 15 Aug 2018 15:11:43 +0000 Yohay Elam 12210447 at https://www.benzinga.com Turkish Economy, Trade Tensions Retake Center-Stage; Global Markets Retreat https://www.benzinga.com/news/earnings/18/08/12210080/turkish-economy-trade-tensions-retake-center-stage-global-markets-retre <p>As summer slides toward autumn and the latest batch of corporate earnings winds down, investors apparently are returning their focus to geopolitical concerns, with Turkey&rsquo;s economy a focal point as tensions between the U.S. and key trading partners continue.&nbsp;</p> <p>U.S. stocks seemed poised for a weak open following pressure on European and Asian stocks overnight. Major overseas indices fell almost across the board, and Asian stocks sold off aggressively, with China&rsquo;s market taking another dip after some disappointing economic data. The Chinese market continues to struggle.</p> <p>Moving west from there to Europe, the news continued to roll in on Turkey. In retaliation for the U.S. raising tariffs on Turkish steel and aluminum, Turkey has now doubled duties on some U.S. products. The move comes as worries about Turkey&rsquo;s economic crisis spreading to other regions have pressured stocks in recent days. Those tensions lifted a bit on Tuesday but appear to be on the front burner this morning.</p> <p>Separately, China has filed a complaint with the World Trade Organization over U.S. tariffs on solar panels. It&rsquo;s the latest in a broad trade dispute between the world&rsquo;s largest economies that has led some to worry about the prospects for global economic growth.</p> <h3>Retail and Financials</h3> <p>In one positive consumer-related note, retail sales data for July released early Wednesday rose 0.5 percent, above Wall Street analysts&rsquo; average estimate of 0.1 percent. However, the government downwardly revised June retail sales growth to 0.2 percent from the previous 0.5 percent.</p> <p>Retail companies have come more into focus during the tail end of this earnings season, and it&rsquo;s possible that some rotation into this space helped the consumer discretionary sector outperform the other 10 S&amp;P 500 sectors on Tuesday. A strong retail space where consumers are heading to the stores also seems like yet another indicator that the U.S. economy is rolling along just fine. (See more on consumer discretionary stocks below.)</p> <p>In retail earnings news,&nbsp;<strong>Macy&rsquo;s Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/m#NYSE">M</a>) reported results before the bell this morning. The retailer reported earnings per share of 59 cents on revenue of $5.57 billion. It also raised guidance. For Q2, ...</p><p><a href=https://www.benzinga.com/news/earnings/18/08/12210080/turkish-economy-trade-tensions-retake-center-stage-global-markets-retre alt=Turkish Economy, Trade Tensions Retake Center-Stage; Global Markets Retreat>Full story available on Benzinga.com</a></p> CMG Earnings JWN M MCD News TD Ameritrade Commodities Econ #s Federal Reserve Markets CMG US1696561059 JWN US6556641008 M US55616P1049 MCD US5801351017 News Earnings Commodities Econ #s Federal Reserve Markets Benzinga Wed, 15 Aug 2018 14:49:43 +0000 JJ Kinahan 12210080 at https://www.benzinga.com Dog Days Appear Over As Geopolitical Risk, Retail Earnings Have Market Buzzing https://www.benzinga.com/news/18/08/12191940/dog-days-appear-over-as-geopolitical-risk-retail-earnings-have-market-buzzing <p>An otherwise sleepy August week turned caffeinated ahead of the weekend amid turmoil overseas. Now we&rsquo;ll see if the buzz continues with a fresh set of Wall Street sessions on tap accompanied by a full earnings and data calendar.</p> <p>Just a week ago, U.S. markets seemed focused on another strong payrolls number, robust Q2 earnings, and the S&amp;P 500 Index (SPX) testing last January&rsquo;s all-time highs. Things look a bit different as investors face the coming week, and it&rsquo;s not just because Turkey&rsquo;s currency fell double digits. Geopolitical rumbles shook much of the financial world over the last few days, and with earnings season winding down, these headlines might continue to influence markets.</p> <p>Looking back to Friday, the immediate issue seemed to be a 13 percent weekly plunge in the Turkish lira, which raised questions about some European banks&rsquo; exposure to Turkish debt. The U.S. financial sector wasn&rsquo;t immune to shakiness in European banking stocks, sliding nearly 1 percent by midday Friday.&nbsp;</p> <p>The situation with Turkey arguably isn&rsquo;t just financial, but geopolitical as well. The U.S. threatened to increase tariffs on Turkish steel, leading to some back-and-forth barbs between the two countries&rsquo; political leaders. Turkey&rsquo;s position on the Bosphorus, an important trade route (see more below), and its membership in the NATO alliance might both be on investors&rsquo; minds if this sparring continues.</p> <h3>It&rsquo;s Not Just Turkey</h3> <p>Another geopolitical hotspot appears to be U.S. relations with Russia, which might have taken a turn downward after the U.S. imposed new sanctions last week and Russia threatened counter-measures. There&rsquo;s also the U.S. relationship with Iran and China to consider as the U.S. imposes harsher sanctions on Tehran and the tariff situation with China remains unresolved. In sum, it&rsquo;s hard right now to divorce geopolitics from market issues.</p> <p>One thing to monitor this coming week is potential U.S. trade talks with Mexico and Canada. There were media reports recently that the U.S. and Mexico might be near a deal on automobiles, and Bloomberg reported that Canada might be coming back to NAFTA negotiations soon. Any positive news about possible resolutions to U.S. trade issues with the rest of North America, if it comes, might be a counter to the negative news filtering out of Europe and Asia. We&rsquo;ll have to wait and see.</p> <h3>Earnings Go Shopping</h3> <p>Until last week, it was a bit easier to push geopolitics into the background because the heart of U.S. earnings season kept the positive headlines flowing with average S&amp;P 500 earnings up more than 24 percent so far in Q2. Though the season is more than 85 percent complete, that doesn&rsquo;t mean earnings won&rsquo;t continue to be a ...</p><p><a href=https://www.benzinga.com/news/18/08/12191940/dog-days-appear-over-as-geopolitical-risk-retail-earnings-have-market-buzzing alt=Dog Days Appear Over As Geopolitical Risk, Retail Earnings Have Market Buzzing>Full story available on Benzinga.com</a></p> Consumer Discretionary Department Stores HD JWN M News TD Ameritrade WMT Commodities Retail Sales Treasuries Econ #s Federal Reserve Markets HD US4370761029 JWN US6556641008 M US55616P1049 WMT US9311421039 News Commodities Retail Sales Treasuries Econ #s Federal Reserve Markets Benzinga Mon, 13 Aug 2018 14:21:54 +0000 JJ Kinahan 12191940 at https://www.benzinga.com Earnings Momentum Appears To Help Market As Trade Worries Take A Back Seat https://www.benzinga.com/news/earnings/18/08/12155236/earnings-momentum-appears-to-help-market-as-trade-worries-take-a-back-s <p>Is this thing on? Many traders were likely asking that question during a relatively quiet summer day on Wall Street yesterday. Such light trading should come as no surprise, though. For many, the release of the July payroll number on that first Friday in August is the only thing standing between them and a summer holiday.</p> <p>But this is probably a market to keep an eye on. Several recurring themes have the potential to help move the market at any given point. Tariff talk and other trade tensions are still in the works. The U.S. dollar inched higher yesterday only to fall back this morning (see figure 1 below), and crude oil continues to chop around the $70 mark. Later this week we get a fresh read on two highly-watched inflation reports&mdash; first the Producer Price Index (PPI) Thursday, followed by the Consumer Price Index (CPI) Friday. Plus, though the bulk of earnings season is behind us, there are still some biggies yet to report, such as several big-box retailers, which can help set the tone for consumer spending.</p> <p>This morning, stock futures were pointing to a higher open for the three major indices. It may be a case of investors focusing on momentum from a generally solid earnings season and letting trade talk simmer on the backburner.</p> <p>The three major U.S. indices ended in the green on Monday, and volumes were below average. This week is also light on economic data to provide the market with clear direction, leaving investors to continue digesting last week&rsquo;s data, which included an underwhelming jobs report, and to focus on the continued earnings season.</p> <h3>Financial Sector Rundown</h3> <p>The financial sector on Monday appeared to get a boost from Warren Buffett&rsquo;s <strong>Berkshire Hathaway Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brk-a#NYSE">BRK-A</a>) (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brk-b#NYSE">BRK-B</a>) after it reported better-than-expected quarterly profit. Beyond the financial sector, the conglomerate is involved in a wide range of businesses, so BRK can be seen as a bit of a bellwether for the wider economy, which according to recent data is humming right along.</p> <p>The financial sector may have also gotten a boost on comments from<strong> JPMorgan Chase &amp; Co.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) CEO Jamie Dimon that the benchmark 10-year Treasury yield could hit 5 percent or higher. That could be a boon for banks by boosting the margin on the interest they pay ...</p><p><a href=https://www.benzinga.com/news/earnings/18/08/12155236/earnings-momentum-appears-to-help-market-as-trade-worries-take-a-back-s alt=Earnings Momentum Appears To Help Market As Trade Worries Take A Back Seat>Full story available on Benzinga.com</a></p> AMZN BRK-A BRK-B DIS Earnings FB FOXA JPM News SNAP TD Ameritrade Commodities Treasuries Econ #s Federal Reserve Markets AMZN US0231351067 DIS US2546871060 JPM US46625H1005 BRK-A US0846701086 BRK-B US0846707026 FB FOXA US90130A1016 SNAP News Earnings Commodities Treasuries Econ #s Federal Reserve Markets Benzinga Tue, 07 Aug 2018 14:45:17 +0000 JJ Kinahan 12155236 at https://www.benzinga.com This Day In Market History: Paul Volcker Takes Over As Fed Chair https://www.benzinga.com/general/education/18/08/12146098/this-day-in-market-history-paul-volcker-takes-over-as-fed-chair <p><em>Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.</em></p> <h3>What Happened?</h3> <p>On this day 39 years ago, Paul Volcker took over as chairman of the Federal Reserve.</p> <h3>Where The Market Was</h3> <p>The Dow Jones Industrial Average closed at 848.55 and the S&amp;P 500 traded at 104.30. Today, the Dow is trading at 25,462.58 and the S&amp;P 500 is trading at 2,840.35.</p> <h3>What Else Was Going On In The World?</h3> <p>In 1979, cable sports network ESPN launched. A mob of protectors destroyed the U.S. embassy in ...</p><p><a href=https://www.benzinga.com/general/education/18/08/12146098/this-day-in-market-history-paul-volcker-takes-over-as-fed-chair alt=This Day In Market History: Paul Volcker Takes Over As Fed Chair>Full story available on Benzinga.com</a></p> DIA Paul Volcker SPY this day in market history Volcker Rule Education Top Stories Federal Reserve Markets General DIA US78467X1090 SPY US78462F1030 Education Top Stories Federal Reserve Markets General Benzinga Mon, 06 Aug 2018 16:57:48 +0000 Wayne Duggan 12146098 at https://www.benzinga.com Should Investors Take Some 'Chips Off The Table' Or Sell Before 'Rolling Bear Market' Begins? https://www.benzinga.com/markets/futures/18/08/12145960/should-investors-take-some-chips-off-the-table-or-sell-before-rolling <p>Major U.S. indices have erased a few months of declines and are now positive for 2018. Should investors be taking some &quot;chips off the table&quot; or fully cash in before a &quot;rolling bear market&quot; begins? Two analysts shared their respective somewhat-bearish and very bearish outlooks.</p> <h3>The Analysts</h3> <p>Federated Investors&#39; portfolio manager Steve Chiavarone and Morgan Stanley&#39;s Michael Wilson discussed their outlook on CNBC.</p> <h3>Some &#39;Chips Off The Table&#39;</h3> <p>Over a six-to-nine-month period, the S&amp;P 500 index should move higher from the 2,830 level to 3,100, Chiavarone, one of the market&#39;s most notable bulls, <a href="https://www.cnbc.com/2018/08/04/one-of-markets-biggest-bulls-makes-sell-off-prediction.html">told CNBC.</a> But over the near-term, the markets need to navigate through a midterm election, which typically results in stock pullbacks, he said. This year&#39;s midterm ...</p><p><a href=https://www.benzinga.com/markets/futures/18/08/12145960/should-investors-take-some-chips-off-the-table-or-sell-before-rolling alt=Should Investors Take Some &#039;Chips Off The Table&#039; Or Sell Before &#039;Rolling Bear Market&#039; Begins?>Full story available on Benzinga.com</a></p> CNBC DIA FB Federated Investors Interest Rates Michael Wilson Midterm Election Morgan Stanley NFLX QQQ SPY Steve Chiavarone Technology Futures Top Stories Federal Reserve Markets Tech Media DIA US78467X1090 SPY US78462F1030 NFLX US64110L1061 QQQ US73935A1043 FB Futures Top Stories Federal Reserve Markets Tech Media Benzinga Mon, 06 Aug 2018 14:10:55 +0000 Jayson Derrick 12145960 at https://www.benzinga.com Jogging In Place: Fed Leaves Rates Alone, Strikes Positive Tone In Post-Meeting Statement https://www.benzinga.com/news/18/08/12121180/jogging-in-place-fed-leaves-rates-alone-strikes-positive-tone-in-post-meeting-st <p>It&rsquo;s steady as she goes for the Fed this time around, as many investors had pretty much baked in. After a June hike of the benchmark&nbsp; federal-funds rate to a range between 1.75 and 2 percent, the Fed concluded this week&rsquo;s meeting Wednesday by standing pat and keeping rates right there.</p> <p>The economy continues to look healthy by most measures, the Fed&rsquo;s statement said, but rate policy remains &ldquo;accommodative&rdquo; to support what the Fed called &ldquo; strong labor market conditions and&nbsp;a sustained return to 2 percent inflation.&rdquo; Still, the Fed arguably seems to be preparing investors for a possible rate hike by the time of its next meeting in September.&nbsp;&nbsp;</p> <p>The Fed sees risks to the economy as &ldquo;roughly balanced,&rdquo; and said&nbsp; that &ldquo;further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee&rsquo;s symmetric 2 percent objective over the medium term.&rdquo;</p> <p>The statement was relatively short, leaving the impression that the Fed doesn&rsquo;t have much new to say, at least not this time around. Just two weeks ago Fed Chairman Jerome Powell testified to Congress and laid out a similar set of remarks. The vote to keep rates unchanged was unanimous.</p> <p>There really wasn&rsquo;t much new insight from the Fed on Wednesday, at least not much that we haven&rsquo;t heard before. The market continues to look for direction, but didn&rsquo;t get too much from Powell and company.</p> <p>The S&amp;P 500 Index (SPX) was down going into the Fed&rsquo;s announcement and sank further after the news. Still, it remained above the 2800 level where technical analysts see psychological support. Meanwhile, the benchmark 10-year Treasury yield, which hit 3 percent earlier in the day, traded at 2.99 percent in the minutes after the Fed statement. The two-year yield gained slightly on the 10-year, narrowing the spread between them.</p> <h2>So What&rsquo;s Next?</h2> <p>The question heading into the meeting was less whether the Fed would hike (the futures market pegged odds at below 2 percent) and more about where rates might ultimately be headed. The Fed continues to indicate that it plans to raise rates in a way that keeps pace with a strengthening economy but not to levels where they might weaken growth. Where that &ldquo;neutral&rdquo; level might be remains a subject of debate.</p> <p>The Fed&rsquo;s challenge is to raise rates and inflation back toward historical norms without steering the ...</p><p><a href=https://www.benzinga.com/news/18/08/12121180/jogging-in-place-fed-leaves-rates-alone-strikes-positive-tone-in-post-meeting-st alt=Jogging In Place: Fed Leaves Rates Alone, Strikes Positive Tone In Post-Meeting Statement>Full story available on Benzinga.com</a></p> News TD Ameritrade Econ #s Federal Reserve Markets News Econ #s Federal Reserve Markets Benzinga Wed, 01 Aug 2018 19:44:35 +0000 JJ Kinahan 12121180 at https://www.benzinga.com Fed Leaves Interest Rates Unchanged: 'Labor Market Has Continued To Strengthen' https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12120354/fed-leaves-interest-rates-unchanged-labor-market-has-co <p>After effecting a<a href="https://www.benzinga.com/news/18/06/11875148/federal-reserve-raises-interest-rates-for-seventh-time-since-2015"> rate hike</a> in June, the Federal Open Market Committee (FOMC) of the Federal Reserve maintained rates between 1.75 percent and 2 percent at its Aug. 1 meeting.</p> <p>&ldquo;The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation,&rdquo; the <a href="https://www.federalreserve.gov/newsevents/pressreleases/monetary20180801a.htm">release </a>read.</p> <p>As experts had <a href="https://www.benzinga.com/news/earnings/18/07/12098741/cat-climbs-into-drivers-seat-to-start-earnings-parade-with-fed-meeting-">predicted</a>, the FOMC reiterated an intent to pursue additional increases amid roughly balanced risks.</p> <h3>Why It&rsquo;s Important</h3> <p>The Fed&rsquo;s balance sheet decisions also <a href="https://www.benzinga.com/news/18/08/12117040/treasury-to-increase-auctions-to-fund-upcoming-1-trillion-annual-deficits#/null">influence </a>Treasury strategy, which today included an increase in note auctions. It also affects economic expansion.</p> <p>Generally, the Fed raises rates in <a href="https://cloud.benzinga.com/2018/06/interest-rate-hikes-and-what-they-mean-for-you/">response </a>to explosive economic growth. Increases curb inflation, preserve the value of the dollar, stabilize prices, and depress borrowing, consumer spending, business profits and stock market performance.</p> <p>In the last earnings period, the U.S. <a href="https://www.benzinga.com/news/18/07/12090912/gdp-notches-strongest-growth-since-2014">recorded </a>its strongest GDP growth since 2014, with the annual rate accelerating 1.9 percentage points. Soybean shipments led a 9.3-percent increase in exports, consumer spending spiked 4 percent, consumer prices popped at a 1.8-percent annual rate and federal spending rose 3.5 percent.</p> <p>Under these circumstances, and with a strong labor market and low unemployment, Fed Chairman Jerome Powell <a href="https://www.benzinga.com/news/18/07/12032084/fed-chair-powell-paints-rosy-picture-of-us-economy">targeted </a>2-percent inflation last ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12120354/fed-leaves-interest-rates-unchanged-labor-market-has-co alt=Fed Leaves Interest Rates Unchanged: &#039;Labor Market Has Continued To Strengthen&#039;>Full story available on Benzinga.com</a></p> Analyst Color DIA FOMC Greg McBride Interest Rates Joe Brusuelas News SPY Econ #s Federal Reserve Markets DIA US78467X1090 SPY US78462F1030 News Analyst Color Econ #s Federal Reserve Markets Benzinga Wed, 01 Aug 2018 18:26:31 +0000 Elizabeth Balboa 12120354 at https://www.benzinga.com Treasury To Increase Auctions To Fund Upcoming $1 Trillion Annual Deficits https://www.benzinga.com/news/18/08/12117040/treasury-to-increase-auctions-to-fund-upcoming-1-trillion-annual-deficits <p>The U.S. Treasury announced Wednesday that it will boost government debt auctions by $30 billion through October to fund upcoming $1-trillion deficits.</p> <h3>What Happened</h3> <p>Treasury will increase monthly auctions for two-, three-&nbsp;and five-year notes by $1 billion per month between August and October; increase seven-, 10- and 30-year bonds by $1 billion over the next quarter; and introduce a ...</p><p><a href=https://www.benzinga.com/news/18/08/12117040/treasury-to-increase-auctions-to-fund-upcoming-1-trillion-annual-deficits alt=Treasury To Increase Auctions To Fund Upcoming $1 Trillion Annual Deficits>Full story available on Benzinga.com</a></p> DIA GLD News SPY Treasuries Federal Reserve DIA US78467X1090 GLD US78463V1070 SPY US78462F1030 News Treasuries Federal Reserve Benzinga Wed, 01 Aug 2018 13:25:55 +0000 Elizabeth Balboa 12117040 at https://www.benzinga.com Mid-Year Market Review: TD Ameritrade Associates On Some Of The Year's Biggest Headlines And A Look At What's Coming Up https://www.benzinga.com/markets/bonds/18/07/12110623/mid-year-market-review-td-ameritrade-associates-on-some-of-the-years-bi <p>It&rsquo;s hard to believe that 2018 is already halfway over.&nbsp; Amid all the fun and excitement that summer brings, it can be easy to put off thinking about your finances.</p> <p>The mid-year can serve as a reminder to check in on your financial plan, get an idea of where you&rsquo;re at in relation to your goals, and evaluate if there are any changes you want or need to make.</p> <p>To help you get started, I talked to several TD Ameritrade associates for their perspectives on the state of the markets and what investors might want to consider keeping an eye on in the second half of the year. On top of that, they also shared some great information about planning for retirement and where to find resources you can use to continue building your financial knowledge. I hope you find these insights helpful and informative.</p> <h2>The State of The Markets</h2> <p><strong>JJ Kinahan, TD Ameritrade Chief Market Strategist</strong></p> <h3>How would you summarize the first half of the year? Any big surprises?</h3> <p>The first half of the year was probably a lot better than people were expecting after the rapid pullback in January/February. Most of the major indices, such as the S&amp;P 500 (SPX) and Russell 2000 (RUT), are still at, or not too far off, all-time highs.</p> <p>Consistent growth in the U.S. economy is one of the big factors that has helped support stocks. First quarter GDP dipped a little to 2 percent, but most analysts and economists have said they are expecting 2.7 percent to 3.1 percent for the full year.</p> <p>The labor market is also still strong. Unemployment&rsquo;s at 4% and wages have been increasing steadily.&nbsp; Also, consumer sentiment is still on the high end according to the latest reports. So there are a lot of positives going for the economy right now. The question is how long can it keep going.</p> <p>I think what was most surprising in the first half of the year was the lack of higher interest rates for U.S. Treasuries. At the start of the year, there were a lot of people expecting the 10-year Treasury yield to be past 3.25 percent by now. Instead, it&rsquo;s been struggling to make a sustained move past 3 percent.</p> <p><a href="https://cdn1.benzinga.com/files/u105576/stock-market-performance-mid-year-spx-rut-ndx-dji-dow.png" onclick="imce.send(&#039;stock-market-performance-mid-year-spx-rut-ndx-dji-dow.png&#039;); return false;" title=""><img alt="stock-market-performance-mid-year-spx-rut-ndx-dji-dow.png" src="https://cdn1.benzinga.com/files/u105576/stock-market-performance-mid-year-spx-rut-ndx-dji-dow.png" /></a> <strong>BENCHMARKS IN 2018.</strong> The chart above shows the 2018 performance for the benchmark indices: S&amp;P 500 (SPX, yellow line), Dow ($DJI, purple line), Russell 2000 (RUT, red line) and the Nasdaq 100 (NDX, teal line). Year-to-date return as a percentage is shown on the right hand side of the chart. Chart source: <a href="http://www.thinkorswim.com/t/innovation.html?cid=TVTDACDDRTVJ95">thinkorswim&reg; by TD Ameritrade</a>.&nbsp; Not a recommendation. For illustrative purposes only. Past performance does not guarantee future results.</p> <h3>What are some steps investors might want to consider taking now?</h3> <p>Since markets have continued to climb higher, it could be prudent to check your portfolio and see if those are the same investments you want to own going forward. Some of them could have rallied significantly, or you might want to rotate into other areas where you see better value. It&rsquo;s really about making sure you&rsquo;re comfortable with the level of risk in your portfolio.</p> <p>Also, second-quarter <a href="https://tickertape.tdameritrade.com/market-news/earnings?cid=TVTDACDDRTVJ95">earnings season</a> is getting underway and as companies you own report results, you can check in on how the business is doing and listen to earnings calls to see what&rsquo;s top of mind for management. &nbsp;</p> <h3>Is there anything you think investors might want to keep an eye on in the second half of the year?</h3> <p>I think the big things to watch are tariffs, midterm elections and the potential for interest rates to move higher.</p> <p>A lot of the new tariffs are just being implemented, and there are others that are set to go into effect over the next several months. Seeing how all the tariffs between countries progress, and if that starts to affect economic growth in upcoming quarters, is something to watch.</p> <p>Midterm elections are also coming up in the U.S. Depending on the outcome, we could see a shift in the balance of power in Congress. It&rsquo;s hard to say how that will play out, but investors may want to keep an eye on stocks as they can get more volatile around elections, which can be driven by&nbsp; knee-jerk reactions.</p> <p>Finally, if interest rates start to climb faster than expected, that could potentially add some volatility as the relative attractiveness of bonds, stocks and other assets shifts, and investors possibly start to rotate holdings.</p> <p><em>Looking to stay on top of the markets? Check out Chief Market Strategist JJ Kinahan&rsquo;s <a href="https://tickertape.tdameritrade.com/market-news/daily-market-update?cid=TVTDACDDRTVJ95">Daily Market Update</a> on the Ticker Tape.&nbsp;</em></p> <h2>Checking the Technicals</h2> <p><strong>Ben Watson, TD Ameritrade Education Coach</strong></p> <h3>Could you provide an update on where the major benchmarks are at from a technical analysis perspective?</h3> <p>The S&amp;P 500 (SPX) has been trading well above its 200 day moving average since May (see chart below), although it did get down to that level a couple of times earlier in the year. The SPX was trading right around its 50 day moving average for about a week at the end of June and early July. But it recently bounced off of that level and has been trending above it as earnings season kicks off.&nbsp; When stocks or indexes dip below those moving averages, their upward trend might start to lose strength.</p> <p>The Dow ($DJI) recently broke back above its 50 and 200 day moving averages, although it has been trading below its 50 and has dipped below the 200 a couple of times in 2018. The Dow does represent a larger basket of companies that are spread out across a large section of global markets, so investors might see them dance to the tune of geopolitical concerns a little more than the S&amp;P 500.</p> <p><a href="https://cdn1.benzinga.com/files/u105576/sp-500-dow-jones-industrial-average-2018-stock-charts-mid-year-review.png" onclick="imce.send(&#039;sp-500-dow-jones-industrial-average-2018-stock-charts-mid-year-review.png&#039;); return false;" title=""><img alt="sp-500-dow-jones-industrial-average-2018-stock-charts-mid-year-review.png" src="https://cdn1.benzinga.com/files/u105576/sp-500-dow-jones-industrial-average-2018-stock-charts-mid-year-review.png" /></a> <strong>S&amp;P 500 and the Dow. </strong>The S&amp;P 500 is charted on the left side and the Dow Jones Industrial Average on the right. The red line is the 200 day moving average and the yellow line is the 50 day moving average. Not familiar with technical analysis? Here&rsquo;s <a href="https://www.youtube.com/watch?v=GpjvFPMi_Lg">a quick video that provides an introduction</a>. Chart source: <a href="https://www.thinkorswim.com/t/innovation.html?cid=TVTDACDDRTVJ95">thinkorswim&reg; by TD Ameritrade</a>.&nbsp; Not a recommendation. For illustrative purposes only. Past performance does not guarantee future results.</p> <p>The Russell 2000 (RUT) is well above its 200 and ...</p><p><a href=https://www.benzinga.com/markets/bonds/18/07/12110623/mid-year-market-review-td-ameritrade-associates-on-some-of-the-years-bi alt=Mid-Year Market Review: TD Ameritrade Associates On Some Of The Year&#039;s Biggest Headlines And A Look At What&#039;s Coming Up>Full story available on Benzinga.com</a></p> AMZN Ben Watson Craig Laffman FDX JJ Kinahan TD Ameritrade UPS Bonds Education Topics Federal Reserve Markets General AMZN US0231351067 FDX US31428X1063 UPS US9113121068 Bonds Education Topics Federal Reserve Markets General Benzinga Tue, 31 Jul 2018 18:59:15 +0000 TD Ameritrade 12110623 at https://www.benzinga.com The Week Ahead: Apple And Tesla Earnings, FOMC Meeting, Sonos IPO https://www.benzinga.com/general/biotech/18/07/12098646/the-week-ahead-apple-and-tesla-earnings-fomc-meeting-sonos-ipo <p>Below is a list of notable corporate events for the week beginning July 30. Note, this list is not comprehensive and all dates are subject to change. All times are ET.</p> <p><strong>Monday</strong><br /> <em><strong>Notable Earnings</strong></em></p> <ul> <li><strong>Caterpillar Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cat#NYSE">CAT</a>) <a href="https://www.benzinga.com/news/earnings/18/07/12097169/caterpillar-q2-eps-2-97-beats-2-73-estimate-sales-14-011b-beat-13-88b-e">Q2 premarket</a></li> <li><strong>AK Steel Holding Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aks#NYSE">AKS</a>) Q2 after hours</li> </ul> <p><em><strong>FDA/Biotech</strong></em></p> <ul> <li><strong>Progenics Pharmaceuticals, Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgnx#NASDAQ">PGNX</a>) PDUFA date for Azedra</li> </ul> <p><em><strong>Investor Events</strong></em></p> <ul> <li>IPO lockup expirations for: <strong>Eidos Therapeutics, Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eidx#NASDAQ">EIDX</a>), <strong>LF Capital Acquisition Corp</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lfacu#NASDAQ">LFACU</a>), <strong>Thunder Bridge Acquisition Ltd </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tbrgu#NASDAQ">TBRGU</a>),<strong> Twelve Seas Investment Co</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/twlvu#NASDAQ">TWLVU</a>)</li> <li>Offering Lockup Expiration For <strong>MTech Acquisition Corp</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtecu#NASDAQ">MTECU</a>)</li> </ul> <p><strong>Tuesday</strong><br /> <em><strong>Economic</strong></em></p> <ul> <li>Federal Reserve Meeting July 31 thru Aug. 1, with rate decision announced Aug. 1 at 2 p.m.</li> <li>API U.S. crude oil inventories 4:30 p.m.</li> </ul> <p><em><strong>Notable Earnings</strong></em></p> <ul> <li><strong>Shopify Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shop#NYSE">SHOP</a>) Q2 premarket</li> <li><strong>Ralph Lauren Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rl#NYSE">RL</a>) Q1 premarket</li> <li><strong>Pfizer Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfe#NYSE">PFE</a>) Q2 premarket</li> <li><strong>Apple Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) Q3 after hours</li> <li><strong>Pandora Media, Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/p#NYSE">P</a>) Q2 after ...</li></ul><p><a href=https://www.benzinga.com/general/biotech/18/07/12098646/the-week-ahead-apple-and-tesla-earnings-fomc-meeting-sonos-ipo alt=The Week Ahead: Apple And Tesla Earnings, FOMC Meeting, Sonos IPO>Full story available on Benzinga.com</a></p> AAPL AKS AMC AMZN APTX ATVI AUTL AVRO BIDU Biotech CAAP CAT CBS CEPU CI CSII Earnings ECOR EIDX F FCAU FIT FTSI GM GPRO HUD HUM IIIV IPIC LFACU MGM MTECU News OSS P PFE PGNX RGR RL RXN S SHAK SHOP SLGL SPY SQ TBRGU TSLA TWLVU VICI W X XRX YUM Previews FDA IPOs Events Econ #s Economics Federal Reserve Trading Ideas General FIT SPY US78462F1030 AAPL US0378331005 AMZN US0231351067 ATVI US00507V1098 BIDU US0567521085 CSII US1416191062 PGNX US7431871067 AKS US0015471081 CAT US1491231015 CBS US1248572026 CI US1255091092 F US3453708600 GM US37045V1008 HUM US4448591028 MGM US5529531015 PFE US7170811035 RGR US8641591081 RL US7512121010 S US85207U1051 X US9129091081 XRX US9841211033 YUM US9884981013 TSLA US88160R1014 P US6983541078 HUD RXN CAAP AMC GPRO US36866T1034 W FCAU SHAK SHOP OSS SQ FTSI VICI CEPU SLGL IPIC MTECU AUTL ECOR APTX AVRO EIDX IIIV TBRGU TWLVU LFACU News Earnings Biotech Previews FDA IPOs Events Econ #s Economics Federal Reserve Trading Ideas General Benzinga Mon, 30 Jul 2018 17:46:50 +0000 Taylor Cox 12098646 at https://www.benzinga.com CAT Climbs Into Driver's Seat To Start Earnings Parade, With Fed Meeting Ahead https://www.benzinga.com/news/earnings/18/07/12098741/cat-climbs-into-drivers-seat-to-start-earnings-parade-with-fed-meeting- <p><strong>Apple Inc.</strong> (Nasdaq: <a class="ticker" href="https://www.benzinga.com/stock/aapl#Nasdaq">AAPL</a>) and <strong>Caterpillar Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cat#NYSE">CAT</a>) earnings. A Fed meeting. Inflation data. A payrolls report. Sounds like enough to fill a month&rsquo;s economic calendar, but it all happens this week.&nbsp;</p> <p>Amid that cluster of headline events, investors continue to digest Friday&rsquo;s strong read on Q2 economic growth while they ponder the social media industry landscape after disappointing use data from both <strong>Facebook, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fb#NASDAQ">FB</a>) and <strong>Twitter Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NYSE">TWTR</a>).&nbsp;</p> <p>The Dow Jones Industrial Average ($DJI) and the S&amp;P 500 (SPX) are both up four-straight weeks, but the Nasdaq (COMP) has been down two-straight weeks. That raises the question whether this is the beginning of a turnover from the COMP and pure tech leadership back to big-cap leadership. A couple of stocks influenced Nasdaq heavily last week, so we&rsquo;ll see if the index can get back on track in the days to come.</p> <h3>CAT Earnings: More than a Meow</h3> <p>The fun got started this morning with CAT, which saw its shares surge over 3 percent in pre-market trading after reporting adjusted earnings per share of $2.97, well above the $2.73 projection from Wall Street analysts. Revenue of just over $14 billion was slightly above estimates as well, and the company raised guidance. Although stock futures had been trading lower before CAT reported, it&rsquo;s possible CAT&rsquo;s healthy results could inject some positive vibes.</p> <p>Recall at the company&rsquo;s Q1 earnings call, CAT CFO Brad Halverson said then-earnings of $2.82 a share represented a &ldquo;high water mark&quot; for the year. Today&rsquo;s release seems to have surpassed that mark. In a press release accompanying the numbers, CAT called first half results &ldquo;outstanding,&rdquo; cited &ldquo;healthy order rates,&rdquo; and said, &ldquo;most end markets continue to improve.&rdquo;&nbsp;</p> <p>Beyond the raw numbers, CAT&rsquo;s call today looms large. The commodity recovery that helped benefit CAT in some of its end markets has also negatively impacted the company by adding to its material costs. On last quarter&rsquo;s earnings call, management said they expect higher material costs, particularly steel, to be a headwind all year. In addition, 25 percent tariffs on U.S. steel imports cast a large shadow over companies that rely heavily on the material. Consider listening for any updates on how all this is affecting CAT.</p> <h3>Earnings Sizzle So Far</h3> <p>Aside from <strong>Netflix inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>), FB, TWTR, and a small handful of other disappointments, it&rsquo;s been a bountiful earnings season to date by most measures. Through Friday, average earnings growth for S&amp;P 500 companies stood at 21.3 percent, according to FactSet. Of the companies reporting, 83 percent have beaten Wall Street analysts&rsquo; earnings estimates and 73 percent have beaten on sales. That&rsquo;s well above average, and the earnings beat percentage is the highest since FactSet began tracking this back in 2008.</p> <p>Despite some of the worries ...</p><p><a href=https://www.benzinga.com/news/earnings/18/07/12098741/cat-climbs-into-drivers-seat-to-start-earnings-parade-with-fed-meeting- alt=CAT Climbs Into Driver&#039;s Seat To Start Earnings Parade, With Fed Meeting Ahead>Full story available on Benzinga.com</a></p> AAPL AMZN ATVI CAT Earnings FB GOOG GOOGL MGM News NFLX TD Ameritrade TSLA TWTR Commodities Federal Reserve Markets AAPL US0378331005 AMZN US0231351067 ATVI US00507V1098 GOOG US38259P7069 NFLX US64110L1061 CAT US1491231015 MGM US5529531015 TSLA US88160R1014 FB GOOGL US38259P5089 TWTR US90184L1026 News Earnings Commodities Federal Reserve Markets Benzinga Mon, 30 Jul 2018 14:16:24 +0000 JJ Kinahan 12098741 at https://www.benzinga.com Trade Tension Back In Town, Weighing On Sentiment Despite Strong Tech Results https://www.benzinga.com/news/earnings/18/07/12050786/trade-tension-back-in-town-weighing-on-sentiment-despite-strong-tech-re <p>Tariff fears marched back onto Wall Street early Friday, stirring up tension and possibly overshadowing some solid earnings news in which info tech continues to lead the parade.</p> <p>Worries about a possible trade war might put a damper on things today as U.S. pre-market trading signaled a possible lower start and markets in Europe took a beating. The pressure came despite <strong>Microsoft Corporation </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) and <strong>General Electric Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>) both beating analysts&rsquo; earnings estimates.&nbsp;</p> <p>In an interview with CNBC, President Trump threatened to unleash tariffs on $500 billion worth of Chinese goods. Just a few weeks ago, the White House slapped tariffs on a smaller amount of Chinese imports, but the market bounced back pretty quickly from weakness then. One thing to remember about this administration is that it tends to make big threats that get people worried, but sometimes pulls back. There&rsquo;s no guarantee that will happen this time, but it&rsquo;s important not to let political noise affect your long-term investing plan.</p> <h3>Microsoft&rsquo;s Quarter Makes a Statement</h3> <p>Getting back to earnings, Microsoft appeared to do really well, especially in cloud services. It reported adjusted earnings per share of $1.13 and revenue of $30.09 billion, topping Wall Street analysts&rsquo; expectations of $1.07 and $29.2 billion.&nbsp;</p> <p>Heading into the report, MSFT&rsquo;s cloud products and services were the primary focus among analysts, since they&rsquo;ve been delivering the fastest growth. They didn&rsquo;t disappoint Thursday, as server products and cloud services revenue increased 26 percent (up from 20 percent in the prior quarter), driven by Azure cloud computing revenue growth of 89 percent. Overall intelligent cloud revenue beat Wall Street analysts&rsquo; projections, though Azure revenue growth fell a bit from the previous quarter.</p> <p>Beleaguered shares of GE are little changed in pre-market trading after the company reported earnings per share of $0.19, beating analysts&rsquo; estimates by a penny. Revenue of $30.1 billion also came in higher than Wall Street had expected as the company continues to work on its turnaround plan. Profit fell 30 percent, and executives said the power market might continue to be challenging, but GE did beat revenue expectations and said it&rsquo;s focused on renewable energy, so there are some positives.&nbsp;</p> <p><strong>Honeywell International Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hon#NYSE">HON</a>) also delivered solid earnings, extending what&rsquo;s been a mostly positive start to earnings season for the industrial sector. Tech has also seen earnings strength, but next week the roster expands to lots of other industries so we&rsquo;ll get a chance to see what&rsquo;s happening all over.</p> <p>The one earnings disappointment Friday came from footwear maker <strong>Skechers USA Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skx#NYSE">SKX</a>). The stock is getting hammered, down more than 25 percent, after the company missed Wall Street analysts&rsquo; earnings projections and delivered what some analysts saw as bearish guidance.</p> <h3>Banks Give Back</h3> <p>Wednesday&rsquo;s fledgling financial sector rally didn&rsquo;t last too long, as bank stocks gave back most of their gains Thursday and the sector fell more ...</p><p><a href=https://www.benzinga.com/news/earnings/18/07/12050786/trade-tension-back-in-town-weighing-on-sentiment-despite-strong-tech-re alt=Trade Tension Back In Town, Weighing On Sentiment Despite Strong Tech Results>Full story available on Benzinga.com</a></p> AMZN BA Earnings F FB GE GM GOOG GOOGL HON KO MCD MSFT News SKX T TD Ameritrade VZ Commodities Federal Reserve Markets AMZN US0231351067 GOOG US38259P7069 MSFT US5949181045 BA US0970231058 F US3453708600 GE US3696041033 GM US37045V1008 HON US4385161066 KO US1912161007 MCD US5801351017 SKX US8305661055 T US00206R1023 VZ US92343V1044 FB GOOGL US38259P5089 News Earnings Commodities Federal Reserve Markets Benzinga Fri, 20 Jul 2018 13:41:29 +0000 JJ Kinahan 12050786 at https://www.benzinga.com Trump Weighs In On The Federal Reserve: 'I'm Not Thrilled' https://www.benzinga.com/general/politics/18/07/12046438/trump-weighs-in-on-the-federal-reserve-im-not-thrilled <p>Presidents rarely criticize the Federal Reserve while they are in office, but Donald Trump has never been one to follow Washington conventions. On Thursday, Trump addressed the Fed interest rate hikes in 2018 in an interview <a href="https://www.cnbc.com/2018/07/19/trump-lays-into-the-fed-says-hes-not-thrilled-about-interest-rate-.html">with CNBC</a>, and the market reaction shows investors were listening.</p> <h3>What Happened?</h3> <p>After praising newly appointed Fed Chair Jerome Powell, Trump pushed back on Powell&#39;s&nbsp;policies.</p> <p>&ldquo;I&rsquo;m not thrilled,&rdquo; Trump told CNBC. &ldquo;Because we go up and every time you go up they want to raise rates again. I don&rsquo;t really &mdash; I am not happy about it.&rdquo;</p> <p>Trump said he is concerned that rising interest rates might impact the coutnry&#39;s economic growth.</p> <h3>Why It&rsquo;s Important</h3> <p>The Federal Reserve uses interest rate hikes to help keep inflation in check, preserve the value of the U.S. ...</p><p><a href=https://www.benzinga.com/general/politics/18/07/12046438/trump-weighs-in-on-the-federal-reserve-im-not-thrilled alt=Trump Weighs In On The Federal Reserve: &#039;I&#039;m Not Thrilled&#039;>Full story available on Benzinga.com</a></p> CNBC Donald Trump GLD Jerome Powell SPY TLT UUP Politics Federal Reserve Media General GLD US78463V1070 SPY US78462F1030 TLT US4642874329 UUP US73936D1072 Politics Federal Reserve Media General Benzinga Thu, 19 Jul 2018 18:49:47 +0000 Wayne Duggan 12046438 at https://www.benzinga.com Trade War from The Trenches: The Dogs Bark But The Caravan Moves On (For Now) https://www.benzinga.com/news/18/07/12038236/trade-war-from-the-trenches-the-dogs-bark-but-the-caravan-moves-on-for-now <ul> <li><strong>More and more warnings about trade abound, but markets take things with a stride.</strong></li> <li><strong>Powell said that the Fed continues raising rates for now. &quot;For now&quot; may apply to market calm.</strong></li> <li><strong>Our third tranche of Trade War from the Trenches discusses the calm that may precede a storm.</strong></li> </ul> <p>No <a href="https://www.fxstreet.com/news">news</a> is good news. The old saying is relevant to markets when talking about trade. The previous week saw the US announcement about new tariffs on China, on a whopping $200 billion worth of goods. The implementation is due at the end of the summer which is the eternity for financial markets. The news stole the show from <a href="https://www.fxstreet.com/analysis/trade-war-from-the-trenches-battle-moves-to-europe-3-things-to-watch-201807091603">trade tensions between the EU and the US</a> around the NATO Summit. Negotiations between the European Union and the US will commence next week.</p> <p>The only news that came out on trade does not involve the US, making it a positive piece. The EU and Japan signed a free trade agreement. The deal now awaits a ratification process which may last years. The accord does not have any immediate, practical outcomes. Nevertheless, the political message from both allies of the US is clear: they will continue pursuing lower tariffs ...</p><p><a href=https://www.benzinga.com/news/18/07/12038236/trade-war-from-the-trenches-the-dogs-bark-but-the-caravan-moves-on-for-now alt=Trade War from The Trenches: The Dogs Bark But The Caravan Moves On (For Now)>Full story available on Benzinga.com</a></p> FXStreet News Eurozone Forex Treasuries Federal Reserve Markets News Eurozone Forex Treasuries Federal Reserve Markets Benzinga Wed, 18 Jul 2018 15:25:51 +0000 Yohay Elam 12038236 at https://www.benzinga.com