Search ResultsShowing 1 - 10 of 100+ results for "Wall Street"
Chief economist update: US economic growth is slowing and accelerating
BENJAMIN ONG  |  FRIDAY, 1 MAR 2019
... one - the 10th straight quarter of acceleration since the 1.3% growth rate recorded in the June 2016 quarter. Wall Street's reaction: equity markets dipped, the US dollar index advanced and the yield on US Treasuries rose. Such financial ...
Fearless Girl comes to Melbourne
KARREN VERGARA  |  FRIDAY, 8 FEB 2019
... to stand for equality and diversity. The 50-inch bronze statue of a little girl standing defiantly in front of Wall Street's famous Charging Bull was commissioned by State Street Global Advisors in 2017 in light of International Women's ...
Chief economist update: The Fed pause that refreshes
BENJAMIN ONG  |  THURSDAY, 31 JAN 2019
... monetary policy than can be achieved solely by reducing the federal funds rate." Just when I thought that old Wall Street rule of thumb, "three steps and a stumble" - stock prices drop after three consecutive Fed rate hikes - was no more, it ...
Chief economist update: Trump trumps Fed
BENJAMIN ONG  |  TUESDAY, 29 JAN 2019
... by 0.7% on the day (January 25 in New York); the S&P 500 increased 0.8% and the Nasdaq jumped 1.3%. Trump did it! Wall Street's gains came after POTUS announced that he has reached a deal with the US Congress to end the record 35 days of ...
Chief economist update: Fed fail
BENJAMIN ONG  |  THURSDAY, 20 DEC 2018
We might just be heading to witness once again the truth about the old adage on Wall Street that "a bull market doesn't die of old age, the Fed murders it." As expected, the US Federal Reserve raised the fed funds rate by 25 basis points to ...
And so this is Christmas, another year (almost) over
BENJAMIN ONG  |  MONDAY, 10 DEC 2018
... Things get in the way. Proof? About this time last year, Factset's stories were: Upbeat outlook for 2018: - Wall Street strategists upbeat on the outlook for 2018. Barron's cover story ("Outlook 2018: The Bull Market's Next Act") ...
Chief economist update: Tariff man takes Wall Street down
BENJAMIN ONG  |  WEDNESDAY, 5 DEC 2018
With one tweet, US President Donald Trump reversed all of Wall Street's gains ... and then some. "....I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. ...
Chief economist update: The art of the deal in action
BENJAMIN ONG  |  WEDNESDAY, 28 NOV 2018
... been actual implementations, threats, some concessions and now it's good cop bad cop. Bad cop Trump told the Wall Street Journal (WSJ) that it's "highly unlikely" he would agree to China's plea for him to refrain from lifting the ...
Chief economist update: Wall Street in drunken sailor's shadow
BENJAMIN ONG  |  MONDAY, 26 NOV 2018
The ups and downs in US equities over the past weeks reminds me of the book, "A Random Walk on Wall Street", authored by Princeton University economics professor Burton Malkiel back in 1973, which posited that: "...short run changes in stock prices ...
Chief economist update: Thanks for nothing
BENJAMIN ONG  |  WEDNESDAY, 21 NOV 2018
... two winks away but the way the US equity market is going, investors have nothing to give thanks for. Three of Wall Street's benchmark equity indices are now in the red for the year - S&P 500 down 1.2% year-to-date; DJIA down 1%; Russell ...
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