European stocks extend a record-breaking rally as investors ramp up wagers on Fed interest-rate cuts following downbeat economic data https://t.co/FXH7p79TMj ...

Market Performance - U.S. stocks reached new records, with the S&P 500 up 0.1%, Dow Jones Industrial Average rising 79 points (0.2%), and Nasdaq composite climbing 0.4% [1] - The market has largely ignored the ongoing U.S. government shutdown, which has historically had minimal impact on the economy and stock market [4] Employment Data Impact - The shutdown has delayed the weekly report on U.S. unemployment benefits and the monthly jobs report, increasing uncertainty in the market [2][3] - Investors are concerned about the Federal Reserve's data dependency and the implications of missing employment data on interest rate decisions [3] Sector Highlights - Stocks in the chip and AI industries surged following OpenAI's announcement of partnerships for a $500 billion AI infrastructure project, with notable gains for Samsung Electronics (3.5%), SK Hynix (9.9%), Advanced Micro Devices (3.5%), Broadcom (1.4%), and Nvidia (0.9%) [5] - The excitement surrounding AI and significant investments in the sector have contributed to the stock market's record highs, although concerns about a potential bubble are emerging [6] Corporate Developments - Occidental Petroleum's stock fell 7.3% after announcing the sale of its chemical business, OxyChem, to Berkshire Hathaway for $9.7 billion [7]

Market Overview - The market is experiencing slight declines, with the ADP report showing a drop of 32,000 jobs, contrary to expectations of a 45,000 increase [1] - Despite various challenges in 2025, including economic turmoil and geopolitical issues, the market is still trading at record highs [3][4] - The current interest rate cutting cycle historically leads to an 80% chance of at least a 16% bullish market move over the next 12 months [4][5] Earnings and Guidance - Over 80% of S&P companies exceeded earnings expectations last quarter, with improved guidance compared to the previous quarter [12][13] - Companies like Oracle, Microsoft, Google, and Meta are investing heavily in AI, indicating strong future growth potential [14] Government Shutdown Impact - The government shutdown has not significantly affected market performance, with traders suggesting it may not impact those outside government employment [9][10] - The perception of government stability and confidence remains crucial for market sentiment [11] Sector Insights - The technology sector continues to attract investment, with significant capital expenditures in AI and data centers [14][15] - Quantum computing is emerging as a hot sector, with stocks like D-Wave seeing substantial gains [21][22] Market Sentiment and Future Projections - There is a strong retail trading presence, with many investors actively putting money into the market [18][25] - The S&P is projected to reach 7,000 before the end of the year, currently sitting at 6,700 [24]

NEW YORK (AP) — Stocks rose to more records on Wednesday, as Wall Street still doesn’t care much about the shutdown of the U.S. government, but yields sank in the bond market following the latest discouraging signals on the economy. The S&P 500 climbed 0.3% to top its prior all-time high, which was set last week. The Dow Jones Industrial Average added 43 points, or 0.1%, to its own record set the day before, while the Nasdaq composite rose 0.4%. The action was stronger in the bond market, where Treasury ...

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Boston President Susan Collins said on Tuesday that her outlook for monetary policy is consistent with the gradual path of easing shown in the latest central bank forecasts, in comments that framed aggressive rate cuts as risky. The reason to refrain from swift rate cuts comes down to the ongoing threat posed by inflation, even at a time when there are signs of weakness in the job market, Collins said in an interview with Reuters in New York ...

https://www.fidelity.com/marketsense?ccmedia=YouTube&ccchannel=social_organic&cccampaign=Brokerage&ccdate=202509&cccreative=Market_Sense_Rate_Cuts&ccformat=video ...

Group 1 - The Federal Reserve Bank of Boston President Susan Collins is open to further interest rate cuts, anticipating a decline in price pressures next year [1][2] - Collins supported the recent interest rate cut to a range of 4% to 4.25%, aimed at balancing risks to job and employment goals while addressing inflation above the Fed's target [2][3] - Recent discussions among Fed officials indicate that while inflation risks remain due to tariffs, price increases have been less than expected, leading to considerations of additional rate cuts by the end of the year and into 2026 [3] Group 2 - Collins described her economic outlook as "relatively benign," expecting hiring to improve as companies adapt to the new tariff environment, despite inflation remaining elevated [4] - The environment is characterized as "highly uncertain," with potential for both persistent inflation and negative job market developments, although concerns about upside inflation risks have diminished [4]

Market Performance - Wall Street experienced a downbeat performance last week, with the S&P 500 declining by 0.3%, the Dow edging lower by 0.2%, and the Nasdaq slipping by 0.7%, marking the first weekly loss in four weeks for both the Nasdaq and the S&P 500 [1] Inflation Data - August's personal consumption expenditures (PCE) price index showed core PCE rising at an annual rate of 2.9%, while the all-items index recorded a 2.7% year-over-year increase and a 0.3% monthly gain, reinforcing expectations for two quarter-point interest rate cuts by year-end [2] Consumer Sentiment - The University of Michigan reported a consumer sentiment index of 55.1 for September, slightly below the Dow Jones consensus forecast of 55.4, indicating steady sentiment among households with larger stock holdings [3] Economic Growth - The U.S. economy grew at a robust 3.8% in Q2 of 2025, an upward revision from the previously reported 3.3% growth, driven by stronger consumer spending after a 0.6% decline in Q1 [5] Federal Reserve Actions - The Federal Reserve enacted its first rate cut of 2025 in September, with an 87.7% chance of a 25-basis point rate cut in the upcoming October meeting [6] Tariff Developments - President Trump announced new tariffs ranging from 30% to 100% on various imported goods, effective October 1, with exemptions for drugmakers building manufacturing plants in the U.S. [7] Commodity Performance - Platinum prices surged, with the GraniteShares Platinum Trust and abrdn Physical Platinum Shares ETF both up 12%, driven by supply-demand imbalances and declining mine output [9] - Palladium prices rose by 10.6% due to supply crunches and increased industrial demand, influenced by geopolitical tensions [11] - The Sprott Lithium Miners ETF increased by 10.3% following reports of potential U.S. government intervention in Lithium Americas' Thacker Pass mine [13] - The Sprott Silver Miners & Physical Silver ETF rose by 10.2%, supported by strong safe-haven demand amid ongoing trade tensions [14]

Headline inflation and the trimmed mean measure both sat within the RBA’s 2–3% target range during the June quarter. On paper, that marks a significant achievement: consumer price inflation rose just 2.1% over the year to June 2025. Key categories such as Housing (+1.2%), Food and non-alcoholic beverages (+1.0%), and Health (+1.5%) were the main drivers of quarterly increases.However, the RBA has flagged concerns that the downward momentum is weakening. The monthly CPI indicator climbed 3.0% in the 12 month ...

Core Insights - Douglas Elliman stock has surged by 89% in 2023, outperforming notable AI stocks like Nvidia [1] - The U.S. Federal Reserve has cut the federal funds rate for the first time in 2025, with expectations of two more cuts this year, which could benefit the real estate sector [1][2] Company Overview - Douglas Elliman is the fifth-largest residential real estate brokerage in the U.S., employing around 6,600 agents across 111 offices, focusing on high-end markets [4] - The company sold $36.4 billion in real estate in 2024 and is on track to exceed that with $20.1 billion in transactions in the first half of 2025 [5] Financial Performance - Douglas Elliman generated $524.7 million in total revenue in the first half of 2025, an 8% increase year-over-year, despite challenging market conditions [7] - The company reported a net loss of $28.6 million in the first half of 2025, an improvement from a $43.1 million loss in the same period last year [8] - After adjusting for one-off and non-cash expenses, Douglas Elliman achieved positive adjusted EBITDA of approximately $260,000, a significant improvement from a $14.7 million loss in the previous year [9] Strategic Initiatives - The launch of Elliman Capital, an in-house mortgage platform, aims to enhance service convenience and create a new revenue stream [6] Valuation and Market Position - Douglas Elliman has a market capitalization of $275 million, with a price-to-sales (P/S) ratio of 0.26, significantly lower than its P/S ratio during the 2021 real estate boom [11][12] - Comparatively, Compass, the largest residential brokerage, has a P/S ratio of 0.68, indicating a valuation gap that may not reflect the quality of Douglas Elliman's business [13] - The recent acquisition of Redfin for $1.75 billion translates to a P/S ratio of around 1.7, suggesting a premium compared to Douglas Elliman's current valuation [15] Future Outlook - If Douglas Elliman's stock reaches its 2021 record high of $11, its P/S ratio would still be below 1, indicating potential for growth as interest rates decline and the housing market recovers [16]