Is the stock market open on Black Friday? Thanksgiving week trading hours for major assets.

Is the stock market open on Black Friday?  Thanksgiving week trading hours for major assets.

It’s going to be a short week on Wall Street. US stock exchanges will be closed for Thanksgiving Day on Thursday, Nov. 24, and will reopen the next day only for an abbreviated session on Black Friday, with trading ending at 1 pm Eastern on Nov. 25. The roughly $53 billion US bond market follows … Read more

Fed warns of ‘low’ market liquidity in $24 trillion Treasury market, in latest financial stability report

Fed warns of ‘low’ market liquidity in  trillion Treasury market, in latest financial stability report

The Federal Reserve on Friday confirmed what many investors were saying for some time: the $24 trillion Treasury market has been experiencing low levels of market liquidity in recent months. The central bank has been rapidly increasing interest rates since March as part of a fight to bring inflation down from a 40-year high. The … Read more

What’s next for markets after Fed’s 4th straight jumbo rate hike

What’s next for markets after Fed’s 4th straight jumbo rate hike

What’s next for markets now that the Federal Reserve has delivered its fourth and possibly final jumbo rate increase of 75 basis points? Well, a lot, actually. A sometimes tumultuous third-quarter earnings season isn’t over yet. A packed economic-data calendar in the coming weeks includes key readings on inflation and the labor market. On top … Read more

US inflation still running hot, key PCE price gauge shows

US inflation still running hot, key PCE price gauge shows

The numbers: A key gauge of US inflation rose a mild 0.3% in September, aided by the lower cost of gas. Yet prices are still going up even if they aren’t climbing as fast as they were earlier in the year. Another measure of inflation that omits volatile food and energy costs rose a sharp … Read more

Why the housing market should brace for double-digit mortgage rates in 2023

Why the housing market should brace for double-digit mortgage rates in 2023

Even if Federal Reserve Chairman Jerome Powell and his cohorts stopped hiking policy rates soon, the 30-year fixed mortgage rate still would climb to 10%, according to Christopher Whalen, chairman of Whalen Global Advisors. That’s because the Fed’s torrid pace of rate increases in 2022 takes time to seep back into mortgage rates, especially with … Read more

Opinion: The stock market is in trouble. That’s because the bond market is ‘very close to a crash.’

Opinion: The stock market is in trouble.  That’s because the bond market is ‘very close to a crash.’

Don’t assume the worst is over, says investor Larry McDonald. There’s talk of a policy pivot by the Federal Reserve as interest rates rise quickly and stocks keep falling. Both may continue. McDonald, founder of The Bear Traps Report and author of “A Colossal Failure of Common Sense,” which described the 2008 failure of Lehman … Read more

Here’s why US stocks have more room to fall, says one fund manager — and where to find what will break next

Here’s why US stocks have more room to fall, says one fund manager — and where to find what will break next

There seems to be a competition between UK fiscal and monetary authorities as to which can cause the most turmoil in financial markets, in light of Bank of England Gov. Andrew Bailey telling a conference in Washington DC that pension funds had three days to sell UK government bonds. A question that’s going around is … Read more

Why stock-market investors keep falling for Fed ‘pivot’ talk — and what it will take to put in a bottom

Why stock-market investors keep falling for Fed ‘pivot’ talk — and what it will take to put in a bottom

Timing the market has been a nagging question for investors ever since stocks began their decline by roughly 25% in January of this year. The right answer likely hinges on whether or not the Federal Reserve follows through with plans to raise its benchmark interest rate to 4.5% or higher, as market-based indicators and the … Read more

US jobless claims drop to lowest level in five months

US jobless claims drop to lowest level in five months

The numbers: Initial jobless benefit claims fell by 16,000 to 193,000 in the week ended September 24, the US Labor Department said Thursday. That’s the lowest level of claims since late April. Economists polled by The Wall Street Journal had estimated new claims would rise 2,000 from last week’s initial estimate of 213,000. Key details: … Read more

Gilt yields plunge after Bank of England steps in to buy at ‘whatever scale is necessary’

Gilt yields plunge after Bank of England steps in to buy at ‘whatever scale is necessary’

UK gilt yields fell back from their highest in 14 years after the Bank of England said it would buy bonds at “whatever scale is necessary” to restore orderly market conditions. The 10-year benchmark gilt yield TMBMKGB-10Y, 4.123%, which moves in the opposite direction to prices, fell 49 basis points to 4.03%, having at one … Read more