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jamescalam

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ERROR: type should be string, got "https://www.wsj.com/articles/global-stocks-markets-dow-update-04-22-2022-11650613003?mod=hp_lead_pos1\n\nWorries about slowing corporate earnings and the Federal Reserve’s plans to rapidly raise interest rates dragged the Dow industrials to their worst day since 2020.\n\nInvestors this week parsed first-quarter financial results from a range of firms in search of clues about the health of the economy, the consumer outlook and companies’ ability to cope with inflation. Of the companies that have reported so far, about 80% have beat analyst expectations, according to FactSet, which has helped provide some stability to the U.S. stock market.\n\n“Usually when the economy’s slowing down, or there is a perception it’ll slow down, there are obvious sectors to hide in. Those traditional sectors aren’t as safe from an earnings basis as they are historically because they still are going to have negative impacts from inflation,” said Tavis McCourt, institutional equity strategist at Raymond James.\n\nThe Dow Jones Industrial Average posted its worst one-day percentage change since October 2020, losing 981.36 points, or 2.8%, to close at 33811.40. The S&P 500 dropped 121.88 points, or 2.8%, to 4271.78, while the Nasdaq Composite fell 335.36 points, or 2.5%, to finish at 12839.29. \n\nThe recent rise in government-bond yields showed signs of steadying, with the yield on the 10-year Treasury note ending Friday at 2.905%, down two of the past three trading days. Yields staged a climb earlier Friday before reversing course. Bond yields rise when prices decline.\n\nHealthcare stocks are often considered defensive, with money managers betting that consumers will pay medical bills before making discretionary purchases. The S&P 500’s healthcare sector fell 3.6%, its worst day since June 2020.\n\nConcerns about inflation and the pace of monetary tightening by the Fed also remained at the forefront of investors’ minds this week. On Thursday, Fed Chairman Jerome Powell gave investors a clear signal that the central bank is ready to tighten monetary policy more quickly and indicated that it was likely to raise interest rates by a half-percentage point at its meeting in May.\n\nA rate increase next month, following the Fed’s quarter percentage point increase in March, would mark the first time since 2006 that the central bank increased its policy rate at back-to-back meetings.\n\nMr. Powell’s comments injected fresh volatility into a stock market that has been whipsawed this year by the war in Ukraine, soaring inflation and rising Covid-19 cases in China.\n\n“The market is finally internalizing and factoring in the reality that the Fed really means what it says and it’s not going to back down,” said Tim Courtney, chief investment officer of Exencial Wealth Advisors. “Somebody had a saying, and it’s pretty\n good: ‘You don’t fight the Fed when the Fed is fighting inflation.’”\n\nIn commodities, Brent crude, the international benchmark for oil, fell $1.68 a barrel, or 1.6%, to $106.65. It fell 4.5% this week.\n\n---\n\nJust want to add, there's been some negative correlation between oil and the rest of the market, but today everything was bloody red."

ERROR: type should be string, got "https://cleantechnica.com/2022/04/20/denmark-announces-aggressive-carbon-tax/\n\nKRBN rallied by 5% two days ago after months of no movement. It's an ETF I've been following closely. Does anyone have opinions of this? Seems to be picking up some steam of finance discussion forums due to new policies that are being rolled out regarding carbon emissions taxes.\n\nAlso seems to be a trend that the entire western world, and even China, are moving forward. A \"carbon tax\" where \"credits\" are traded and can be bought and sold by individual investors on a carbon \"market\""

ERROR: type should be string, got "https://www.wsj.com/articles/feds-powell-could-seal-expectations-of-half-point-rate-rise-in-may-11650533444?mod=hp_lead_pos1\n\nFederal Reserve officials have broadly signaled a desire to raise interest rates to levels that don’t provide stimulus\n\nFederal Reserve Chairman Jerome Powell signaled the central bank was likely to raise interest rates by a half percentage point at its meeting next month and indicated similar rate rises could be warranted after that to lower inflation.\n\nA rate increase in May, following the Fed’s decision to lift rates from near zero by a quarter percentage point last month, would mark the first time since 2006 that the central bank increased its policy rate at back-to-back meetings. A half-point increase would be the first such move since 2000.\n\nThe Fed has indicated it will also formally announce plans at the May 3-4 meeting to begin shrinking its $9 trillion asset portfolio in June, a double-barreled effort to remove stimulus to curb price pressures that are at a four-decade high.\n\n“It is appropriate in my view to be moving a little more quickly” than the Fed has in the recent past, Mr. Powell said Thursday. “I also think there’s something in the idea of front-end loading” those moves.\n\nInvestors in interest-rate futures markets have in recent weeks bet on increases of a half percentage point, or 50 basis points, at each of the Fed’s next two meetings. “Markets are processing what we’re seeing. They’re reacting appropriately, generally,” Mr. Powell said, though he said he wasn’t endorsing any particular market pricing. Still, he concluded, “Fifty basis points will be on the table for the May meeting.”\n\nMr. Powell warned of growing supply-and-demand imbalances in the U.S. labor market that some economists worry could fuel a wage-price spiral that drives inflation higher as workers bid up wages.\n\nIn July 2019, as the unemployment rate was falling to a half-century low of 3.5% but inflation drifted below the Fed’s 2% target, Mr. Powell dismissed concerns that the labor market might be overheating. “To call something hot, you need to see some heat,” he said.\n\nToday, wage growth is running at its highest levels in years and the labor market has tightened rapidly, with the unemployment rate tumbling to 3.6% in March from 5.9% last June. “It’s too hot. It’s unsustainably hot,” Mr. Powell said. “It’s our job to get it to a better place where supply and demand are closer together.”\n\nMr. Powell said the Fed is focused above all else on bringing down inflation. “Economies don’t work without price stability,” he said.\n\nThe Fed is trying to engineer a so-called soft landing in which it slows growth enough to bring down inflation, but not so aggressively that the economy slips into a recession. “I don’t think you’ll hear anyone at the Fed say that that’s straightforward or easy. It’s going to be very challenging,” Mr. Powell said."

ERROR: type should be string, got "https://www.wsj.com/articles/inflation-jobs-fed-recession-economy-11650294297?mod=hp_lead_pos9\n\nThe Federal Reserve is setting out to do something it has never accomplished before: reduce inflation a lot without significantly raising unemployment.\n\nCentral bank officials think it is possible with calibrated interest rate increases that slow booming demand just enough to take steam out of an overheated economy. But even one of the Fed’s closest allies, U.S. Treasury Secretary Janet Yellen, sees the risk of failure. “It will require skill and also good luck,” the former Fed chair said in public comments in Washington last week.\n\nDuring the past 80 years, the Fed has never lowered inflation as much as it is setting out to do now—by four percentage points—without causing recession. In this case, the central bank will need a number of factors out of its control to break its way.\n\nStill, Fed officials can find reason for both optimism and caution from history. In seven different episodes during the past 80 years, inflation has fallen as much as the Fed bank wants it to drop now, with varying outcomes. The episodes suggest that the desired scenario is theoretically possible though the risk of failure is high, especially because the bank is chasing inflation that already exists, rather than addressing the problem before it arises as it did in some earlier episodes.\n\n“No one expects that bringing about a soft landing will be straightforward in the current context—very little is straightforward in the current context,” Fed Chairman Jerome Powell said last month. The central bank, he added, faces a “challenging task.”\n\nDuring the early 1980s, the U.S. experienced a classic hard-landing as economists dub it—falling into a deep recession with double-digit unemployment after the Fed pushed its benchmark interest rate to nearly 20% to tame stubbornly high inflation that had been rising for more than a decade.\n\nThe U.S. had less severe, but bumpy landings during the 1950s, characterized by short-lived inflation spikes and recessions. During that period, the unemployment rate rarely got very high even when economic output contracted.\n\nThe 1970s delivered aborted landings, when inflation fell and then lurched higher, beset by outside shocks such as OPEC oil embargoes and policy missteps including a central bank that hesitated to raise interest rates aggressively.\n\nThe U.S. has had soft landings, too, most recently in 1994. Fed Chairman Alan Greenspan sharply raised rates to 6% in February 1995 from 3% one year earlier, and the unemployment rate kept going down. Unlike 1994, however, the Fed today is trying to reduce inflation that is already too high rather than prevent it from rising, as Mr. Greenspan did back then.\n\nIn the scenario Fed officials mapped out, their benchmark interest rate will rise to around 2.75% by the end of next year, just above estimates of a rate that neither spurs nor slows growth.\n\nThey project inflation will drop to slightly above 2% by 2024, a rare four-percentage-point decline in less than three years. They see economic output growing at a rate between 2% and 3% while unemployment holds below 4%.\n\nJohn Taylor, an economist at Stanford University who is the author of an influential policy-setting rule of thumb called the “Taylor rule,” says his formula calls for the Fed to set interest rates at 5% right now. Because the Fed is unlikely to lift rates so dramatically in one year, he said officials instead ought to raise rates to 3% by December and signal more increases after that unless inflation comes down.\n\n“This is not the only time in history that they’ve been behind, but they are strikingly behind,” said Mr. Taylor. “They need to catch up and do it in a systematic and understandable way.”\n\nThe Fed’s success will depend on several factors outside its control. Those include whether global energy supplies recover from the shock of Russia’s invasion of Ukraine, reducing energy prices; whether sidelined U.S. workers rejoin the labor force, easing the labor shortage and wage pressures; whether Chinese plants reopen in the face of more Covid-19 lockdowns, clearing supply bottlenecks; and whether Covid itself recedes for good in the U.S., ending related pandemic-related economic disruptions.\n\nThe Fed’s job will be easier if these supply constraints ease. If they don’t, the central bank will need to push rates higher to squeeze demand, with a risk of more damage to the economy."