Look closer, and Wall Street’s rally is showing cracks
Major stock indexes hovering near records are masking a market straining under elevated oil prices, rising Treasury yields and a Federal Reserve bracing for additional interest-rate hikes.
Major stock indexes hovering near records are masking a market straining under elevated oil prices, rising Treasury yields and a Federal Reserve bracing for additional interest-rate hikes.
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Treasury yields face a key test at 4.8%, with a sustained move above that level potentially creating “meaningful problems” for other asset classes, according to Matt Maley, chief market strategist at Miller Tabak + Co. “We remain concerned about the Treasury market…as rising fiscal deficits, massive debt issuance, and heavy corporate borrowing continue to pressure…
Stamp duty, otherwise known as transfer or conveyance duty, is a tax imposed by state and territory governments whenever a person purchases a property. It can apply to owner-occupiers and investors, as well as first home buyers. Though, many jurisdictions waive or discount stamp duty for first home buyers. In some places, it can even…
Going self-employed can bring plenty of freedom and flexibility but it also means giving up attractive workplace perks. More than 4.5 million people run their own business. While they may benefit from managing their own schedule and more tax-efficient ways to withdraw cash, such has from a limited company, there are downsides. Research by business…
Stay up to date on all defensive stocks with Benzinga Pro, your go-to stock market research platform with real-time news and actionable insights. The S&P 500 index is regarded as the barometer of U.S. stock market performance. Composed of large-cap U.S. equities, the S&P 500 index is often used as a benchmark for professional and retail…