With the February jobs report due on Friday, Wall Street’s attention this week will be focused on the state of the U.S. labor market and what it means for interest rates. The Federal Reserve is less likely to cut its benchmark interest rate if the labor market is healthy. And in January, after lackluster employment…Read more
What to Wish For It’s been a dramatic start to the year in markets, although you wouldn’t know it looking at the returns of broad indices. The S&P is roughly flat year-to-date, yet the spread between the best and worst performing industry groups is a whopping 45 percentage points. What will it actually take to…Read more
Wall Street’s attention this week is really focused on only one thing: Nvidia’s quarterly results. To set the stage, the big tech companies at the forefront of AI (the “hyperscalers”) were expected to invest $522 billion this year coming into earnings season. They’re now projected to spend $642 billion, over 23% more than initially estimated…Read more
