Hints and tips:
...In a note over the weekend, Morgan Stanley’s Seth Carpenter called that episode a “cautionary tale”. But equally, it is possible to put off cuts for too long, as the Fed did in 2007....
..., and by joiners, carpenters, electricians and plumbers from Bell Interiors....
...Still, broader equity markets were uneven, as the gains among banks were partially offset by a decline in tech stocks that left the blue-chip S&P 500 index up 0.2 per cent and the Nasdaq Composite down 0.5...
...On one hand they have a balance sheet and a P&L like anyone else, and right now they’re not looking great....
...The benchmark S&P 500 index fell 2.5 per cent on Thursday on the back of hawkish noises coming out of the ECB....
...That sent US stocks soaring, with the S&P 500 and technology-heavy Nasdaq Composite both closing roughly 3 per cent higher....
...Financial markets took the Fed’s more assertive posture in their stride, with the S&P 500 stock index advancing 1.6 per cent and the technology-heavy Nasdaq Composite notching a gain of 2.2 per cent....
...British menswear label SMR Days has a wonderful embroidered option in faded cobalt cotton (£325, smrdays.com), while for something a little warmer, Italian brand Aspesi and Mr Porter’s in-house label Mr P...
...That is ahead of the 4 per cent rise in the S&P 500, but behind the share price growth at rival insurance brokers Aon and Willis Towers Watson, according to data from S&P Global Market Intelligence....
...Seth Carpenter, chief US economist at UBS, said Mr Powell had “spent some time emphasising that if things are softer, [the central bank] would do more”. “I think that was helpful,” he added....
...Still, Seth Carpenter, chief US economist at UBS and a former US Treasury official, said it may have been more dangerous for the Fed to wait for greater economic fallout....
...Carpenter film....
...The S&P 500 is down 4.2 per cent since its April 30 peak....
...An uneducated builder/carpenter, he had seen the influx of visitors from Philadelphia, who could now drive here in under 90 minutes on Eisenhower’s new Garden State Parkway....
...By mid-afternoon, the S&P 500 was down as much as 2 per cent....
...“He led you right up to that conclusion without going there,” says Seth Carpenter, chief US economist at UBS who worked with Mr Powell at the Fed and US Treasury....
...S&P 500 futures were up 0.23 per cent to 2,466.50, while Dow futures gained 0.16 per cent to 21,822. Meanwhile, Nasdaq 100 futures were up 0.26 per cent to 5,855.50....
...Earnings Third-quarter earnings season remains in high gear with 130 companies listed on the S&P 500 slated to report results next week....
...It doesn’t work now,” says Brad Carpenter at Cantor Fitzgerald....
...But before it was knocked down, American architect Geoffrey P Moussas rescued the inn’s wooden bathtub....
...Polls signal a win for the opposition PDI-P (whose initials in Bahasa Indonesian stand for what translates to Indonesian Democratic Party-Struggle)....
...Then carpenters and, finally, street sweepers. I am waiting anxiously to hear what she is doing about improving the gender diversity in these workplaces. D.P. Marchessini, London, UK...
...This is primarily due to nonbank deposits with banks, since most of QE was between Fed and nonbanks (re: Carpenter et al, 2013)....
...… J.P. Morgan’s London pile One palatial London townhouse was not enough for American banker John Pierpont Morgan....
...This compared with 2.2 per cent for 3-5 year US Treasury notes and 11.4 per cent for the S&P 500 US stock market benchmark, according to Aon Benfield....
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