archivethe Fed

The longer-term view So far, we've been talking about the bull market that started in October 2022—which I’d also call a "cyclical" bull market. But I also look at what I'd call longer-term "secular trends," or super cycles. I believe that since the 2008–2009 financial crisis, US stocks have been in a super cycle of above-average returns. Those above-average returns have been driven by several factors, including falling interest rates over much of that period, rising margins, and buybacks and M&A (merger and acquisition) activity that has reduced the supply...

TEMPO.CO, Jakarta - The rupiah strengthened against the US dollar on Friday, after the United States’ Initial Jobless Claims rose more than expected. The rupiah closed stronger 0.42 percent on Friday at Rp16,196 against the US dollar. "US Initial Jobless Claims data rose higher than expected for the ending week of May 31, 2024," said Bank Permata Chief Economist Josua Pardede to Antara in Jakarta on Friday, June 7, 2024.Initial Jobless Claims rose to 229,000 from 221,000 in the previous week, hinting at a looser US labor market.Investors are likely to wait...