Cardillo’s Corner

October 11, 2018

Futures drop as bond yields gain on producer price data

By Shreyashi Sanyal Oct 10 (Reuters) – U.S. stock futures slipped to session lows on Wednesday as Treasury yields rose after data showed U.S. producer prices […]
October 11, 2018

Futures dip ahead of producer price data

By Shreyashi Sanyal Oct 10 (Reuters) – U.S. stock index futures were slightly lower on Wednesday on lingering concerns around slowing global growth, while investors awaited […]
October 10, 2018

Tech rebound props up Wall Street, but global growth concerns weigh

(Reuters) – The S&P 500 and the Nasdaq rose on Tuesday, boosted by a rebound in technology stocks, but gains, including on the blue-chip Dow Jones […]
October 10, 2018

IMF: ‘Clouds on the Horizon’ for Global Growth

For the first time in two years, the International Monetary Fund expressed skepticism for global growth in the coming years as the organization cut its forecast for […]
October 10, 2018

Growth rate cut by IMF a wakeup call for US to make deals: Peter Cardillo, Spartan Capital

If there is no agreement with China, then we can see some real downturn in economic activity on a global scale, Peter Cardillo, Chief Market Economist, Spartan Capital […]
October 9, 2018

Tech stocks prop up Wall Street amid global growth worries

(Reuters) – The S&P 500 and the Nasdaq rose for the first time in four days on Tuesday, boosted by a rebound in technology stocks, but […]
October 8, 2018

Dow down 180 points, set for 3rd straight drop as yield-fueled drop gains steam

U.S. stocks traded lower Monday in a choppy session as investors wrestled with fears about rapidly rising rates against expectations for strong corporate results in coming […]
October 8, 2018

FTSE 100 preview: Index seen flat as Asia falls

The UK benchmark index looks set to start the new week little changed, following the previous session’s hefty losses, following a slump in Asia. In company […]
October 8, 2018

Get defensive in stocks, yields could rise to 3.5 percent, says Peter Cardillo

As the Nasdaq and S&P broke below some key technical levels Friday, the chief market economist of Spartan Capital Securities tells Reuters’ Fred Katayama the stock […]