Morning Notes

28/02/2018 Argonaut Morning Note

U.S. stocks edged lower intraday, as Federal Reserve Chairman Jerome Powell conveyed an upbeat picture of the U.S. economy and indicated the central bank remained on track to gradually raise short-term interest rates. But Mr. Powell's comments did little to assuage investors who are concerned that the economy could be growing so fast that it fuels inflation further, potentially forcing the Fed to step in and hasten its pace of interest-rate increases.

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27/02/2018 Argonaut Morning Note

Financial and technology shares rallied Monday, putting the S&P 500 and Dow Jones Industrial Average on track to notch their third straight day of gains. Major stock indexes have recouped a big chunk of their February losses, as corporate earnings suggest that U.S. firms remain on strong footing. A record 78% of S&P 500 companies have beaten analysts' revenue estimates so far for the fourth quarter of 2017, and overall earnings growth is nearly 15%, which would make it the best quarter since 2011, according to FactSet.

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26/02/2018 Argonaut Morning Note

The Dow Jones Industrial Average and S&P 500 rallied for a second consecutive session, erasing their losses for the week. Stocks have been under pressure this month amid signs of a pickup in long-dormant inflation and worries that solid U.S. economic growth could spur the Federal Reserve to raise interest rates more times than anticipated heading into 2018. Major indexes tumbled 10%, falling into correction territory earlier this month for the first time in two years before recovering some of those losses.

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23/02/2018 Argonaut Morning Note

U.S. stocks rose intraday, putting major indexes on track to snap their recent run of losses, as concerns subsided over whether the Federal Reserve will have to ramp up its pace of interest-rate increases. Stocks have fluctuated wildly this week, highlighting the market's fragility as investors continue to assess the quickening pace of economic growth and the prospects of the Fed's tightening efforts.

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22/02/2018 Argonaut Morning Note

U.S. stocks pared some of their gains Wednesday as bond yields surged after minutes from the Federal Reserve's January meeting showed officials plan to keep gradually raising short-term interest rates this year. Investors have been particularly focused on economic data and commentary from central banks after concerns about rising inflation, higher government bond yields and tighter monetary policy helped trigger a stock-market correction earlier this month.

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