Money in a Minute for the Week Ending Dec. 24

Every Friday I round up the “news you can use” from the week: a few quotes from the main (and often expensive) news sources, so you can stay abreast of the news that impacts your money without spending a dime and in less than a minute.

Here’s an overview of what happened this week.

Individual Investors Survive a Wild Year for Pro-Selling Temporary Stocks (Dec. 19, Wall Street Journal):

US equity mutual funds and exchange-traded funds, which are popular with individual investors, have attracted more than $100 billion in net inflows this year, one of the highest recorded in EPFR data since 2000.

Hedge funds, meanwhile, have been shelling out how much risk they are taking on stocks or making outright bets that major US indexes will fall.

Why the Bank of Japan’s surprising policy change rattled global markets (20 December, MarketWatch):

The Bank of Japan sent shockwaves through global financial markets on Tuesday, effectively easing the cap on yields on 10-year government bonds in a surprise move seen as potentially pointing the way to wider tightening by the last major global central bank to maintain a very tight monetary balance. loose. Policy.

US Treasury yields jumped as global bond yields rose.

JPMorgan, Goldman Say Stock Recovery Won’t Be Easy in 2023 (Dec. 21, Bloomberg):

Investors poised to turn the page on the worst year for equities since the global financial crisis should prepare for more trouble heading into 2023.

That’s the blunt message from the top strategist at Morgan Stanley, Goldman Sachs Group Inc. and others, who warn that stocks face fresh losses in the first half as corporate earnings succumb to weaker economic growth and still-high inflation, and central banks stay put. very hawkish.

Tech Stocks Head For Worst December Since 2002 as Fed Optimism Fades (Dec. 22, Bloomberg):

Tech stocks headed for their worst December since the dotcom bubble burst two decades ago as optimism about potential relief from a Federal Reserve rate hike faded on signs of labor market strength.

Technology benchmarks, which are laden with companies like Apple Inc. and Microsoft Corp., have fallen 8.93% this month.

US Inflation Gauge Cools, Consumer Spending Stalls as Fed Approaches Rate Peak (Dec. 23, Bloomberg):

The price index for personal consumption expenditures excluding food and energy, which Fed Chair Jerome Powell emphasized is a more accurate gauge of where inflation is headed, rose 0.2% in November from the previous month, Commerce Department data showed Friday. That matched forecasts, but data for the previous month was revised higher.

Personal spending, adjusted for price changes, stalled in November, the weakest since July and below expectations.

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I founded Money Talks News in 1991. I’m a CPA, and I’m also licensed in stocks, commodities, underlying options, mutual funds, life insurance, securities supervisors, and real estate.

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