RALEIGH U.S. equity markets are hovering near all-time highs as investors this week have shrugged off a steady flow of potential volatility risks, from the French election to credit squeezes in China. The record closes in the S&P 500 grab headlines and provide comfort to those invested in a 401(k), but despite the steady charge higher in stocks since the election of President Donald Trump the high prints now serve to obscure the fact that stock markets have gone virtually nowhere for the better part of three months.The stalling of the post-election Trump bump may have any number of culprits, from policy uncertainty emanating from Washington, D.C. to anemic GDP growth during the first quarter of 2017. A rising U.S. Dollar, rising Treasury yields – two of the three pillars of the storied reflation trade – have been fading for months, creating a growing disconnect with the third pillar: equities.Despite uncertainties lurking around every corner and a long in the tooth bull market, the Chicago Board Options Exchange volatility index, or so-called VIX, a popular measure of risk, has been plumbing historical lows not seen in more than 23 years and is trading at half of its historical average.
FRANKFURT – Travel and tourism’s contribution to the U.S. economy will grow at a slower pace this year than in 2016 due to a strong U.S. dollar and a perception that the country is less […]
Democrat presidential candidate Sen. Bernie Sanders tweeted this out last week before he entered the hospital with a heart ailment: “There should be no billionaires!” He is wrong. There are close to 585 billionaires in […]
WASHINGTON — Washington Nationals center fielder Adam Eaton began a rehabilitation program on Wednesday that should last about six to nine months, general manager Mike Rizzo said before the team faced the Baltimore Orioles. Eaton […]