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Tariff-related concerns have sent stocks reeling over the past month, with the S&P 500 (^GSPC) down about 5% year to date as of Thursday morning. Investors may want to remember that while policy shifts are unsettling, pullbacks of 5% to 10% in the benchmark index are not uncommon. "On average, the index experiences three drawdowns of between 5% and 10% each year," Jeff Buchbinder, chief equity strategist at LPL Financial, wrote in a note to clients. “In fact, the S&P 500 has had at least one 5% pullback in 94%...

Tariff-related concerns have sent stocks reeling over the past month, with the S&P 500 (^GSPC) down about 5% year to date as of Thursday morning. Investors may want to remember that while policy shifts are unsettling, pullbacks of 5% to 10% in the benchmark index are not uncommon. "On average, the index experiences three drawdowns of between 5% and 10% each year," Jeff Buchbinder, chief equity strategist at LPL Financial, wrote in a note to clients. “In fact, the S&P 500 has had at least one 5% pullback in 94%...

The latest Consumer Price Index (CPI) showed that housing cost pressures eased in February to the slowest pace in over three years. Shelter costs rose 4.2% from a year earlier in February, slower than the 4.4% increase seen in January, and the smallest 12-month increase since December 2021. On a monthly basis, housing costs ticked up 0.3% in Februarydown from January’s 0.4% monthly increase. "Shelter inflation remains in a disinflationary trajectory, which will be a welcome development for those hoping for further progress on inflation," Jeff Schulze, head of economic...

It's not just the "Magnificent Seven" stocks feeling the impact of recent sell-off action. Highfliers like Netflix (NFLX), AMD (AMD), Micron (MU), Dell (DELL), and Palantir (PLTR), among others, have also been washed out in the midst of this latest market rout. Netflix stock has declined over 10% from a month ago, and some on Wall Street are warning that its recent volatility signals a more sinister picture of the current stock market. "When NFLX goes down over 9% in one day, that tells me we are starting to see...

President Donald Trump on Tuesday said he's boosting Canadian steel and aluminum tariffs to 50%, with the new duties set to go into effect on Wednesday. In a post on Truth Social, the president said the increase is in response to Ontario Premier Doug Ford's decision to impose a 25% surcharge on electricity exports to the United States. "Based on Ontario, Canada, placing a 25% Tariff on 'Electricity' coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all...

It is common to hear commentators and pundits claim that American diplomacy has always been transactional. One might reasonably ask, what else could it be, given that negotiation is a key element of diplomacy? The answer, of course, is that some negotiations are far easier when the relations between nations are built on trust and mutual understanding. Indian diplomacy, for a long time, has focused on building common ground and goodwill, with the hope that once these ties are strengthened, the more difficult issues will become easier to address.The differences...

It is common to hear commentators and pundits claim that American diplomacy has always been transactional. One might reasonably ask, what else could it be, given that negotiation is a key element of diplomacy? The answer, of course, is that some negotiations are far easier when the relations between nations are built on trust and mutual understanding. Indian diplomacy, for a long time, has focused on building common ground and goodwill, with the hope that once these ties are strengthened, the more difficult issues will become easier to address.The differences...

The latest jobs report released Friday showed the construction industry increased its pace of hiring while unemployment for workers in the industry also rose. Data from the Labor Department showed that construction firms added 19,000 jobs in February, following a small gain of 4,000 in January. This marked the strongest month of growth since the third quarter of 2024. However, this growth came alongside a rise in the construction unemployment rate, which increased to 7.2% compared to the overall unemployment rate of 4.1% for the month. "The sizable jump in...

Data released Wednesday showed activity in the services sector increased in February. The Institute for Supply Management's services index registered at 53.5 in February, up from January's 52.8 reading and above the 52.5 economists had expected. Readings above 50 indicate an expansion in activity, while those below 50 reflect a contraction. Meanwhile, the ISM's prices paid index rose to 62.6 from 60.4 the month prior, as company costs continued to increase. The employment index also ticked higher, coming in at 53.9, compared with 52.3 in January. The data didn't come...

Data released Wednesday showed activity in the services sector increased in February. The Institute for Supply Management's services index registered at 53.5 in February, up from January's 52.8 reading and above the 52.5 economists had expected. Readings above 50 indicate an expansion in activity, while those below 50 reflect a contraction. Meanwhile, the ISM's prices paid index rose to 62.6 from 60.4 the month prior, as company costs continued to increase. The employment index also ticked higher, coming in at 53.9, compared with 52.3 in January. The data didn't come...