The latest slide has left the market at “important support” but one which should provide a “reversal back higher,” according to research boutique.
Economic Report: Mortgage demand plunges as rates take off and buyers flee
Mortgage applications fell 13.3% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.62%.
Paul Brandus: Defense-industry stocks got a boost after Russia’s invasion of Ukraine 1 year ago. The arms race is just getting started.
Ideas for investors as the world comes to terms with heightened threats.
Michael Brush: The stock market is just taking a breather after January’s monster rally. These stocks and ETFs can power the next leg up
The current pullback is buyable; use the weakness to add to positions, writes Michael Brush.
Outside the Box: Inflation needs to get back to 2%, but the Fed won’t do what it takes. We’re paying a high price — literally.
Whether the Fed keeps rates high for longer or spikes them quickly, pain is unavoidable, writes Robert Brusca.
Peter Morici: How to end the U.S. debt ceiling standoff: Reduce entitlements and hammer out a bipartisan compromise.
The U.S. government defaults on its debt only if Biden and Yellen aren’t doing their jobs, writes Peter Morici.
Bond Report: 6-month T-bill rate rises to nearly 16-year high after release of Fed minutes
The 6-month T-bill rate rose to 5.102%, its highest 3 p.m. level since mid-March 2007, as traders digested the minutes of the Fed’s most recent meeting.
Encore: These are the only 2 ways to save Social Security
Raising the ‘full retirement age’ is not a third option — it is a benefit cut
Beth Pinsker: Your tax return can tell you a lot about how to manage your investments
The taxes you pay on dividends, interest and capital gains could be dragging down your overall investment performance.
: Inflation bites on pizza demand in Europe and Asia, Domino’s largest franchisee says
Shares in Domino’s Pizza Enterprises slumped 24% on Wednesday as the company said price hikes dented demand.