Investment Learning

  • September 23, 2024

Morgan Stanley turns neutral on defensive sectors

Morgan Stanley is out with a new call recommending investors lock in their gains on defensive stocks (XLV, XLU) as they tend to underperform in the month following the Federal Reserve's first interest rate cut. Catalysts Hosts Seana Smith and Madison Mills report more on the call and break down how the upcoming labor market data could impact investors' defensive plays. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl

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  • September 23, 2024

Dollar Index Rises Following U.S. September Services PMI Data

According to Odaily, the dollar index (DXY) experienced a short-term increase of nearly 20 points, currently standing at 100.93. This rise follows the release of the preliminary US September S&P Global Services PMI, which recorded a value of 55.4. The expected value was 55.3, while the previous value was 55.7.

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  • September 23, 2024

U.S. September Manufacturing PMI Hits 15-Month Low

According to Odaily, the preliminary reading for the U.S. September S&P Global Manufacturing PMI has dropped to 47, marking a 15-month low. This figure falls short of the expected 48.5 and is lower than the previous value of 47.9.In contrast, the preliminary reading for the U.S. September S&P Global Services PMI stands at 55.4, slightly above the anticipated 55.3 but slightly below the previous value of 55.7.

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  • September 23, 2024

Federal Reserve's Bostic Predicts Smaller Rate Adjustments Ahead

According to BlockBeats, on September 23, Federal Reserve official Raphael Bostic indicated that the central bank is likely to implement smaller interest rate adjustments in the future. This statement reflects a potential shift in the Federal Reserve's approach to managing economic conditions.

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  • September 23, 2024

Why software stocks are outperforming chip stocks

Yahoo Finance markets and data editor Jared Blikre takes a look at broader market trends as stocks continue their rally. This ongoing rally was sparked by the Federal Reserve's interest rate cut last week. He also breaks down what has been happening in the tech space, where software stocks have started to diverge from chip stocks.  For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

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