Cardillo’s Corner

August 30, 2021

Peter Cardillo decodes Fed Chair Powell’s speech, says tapering is positive for the market

In an exclusive conversation with ET Now, Peter Cardillo, Chief Market Economist, Spartan Capital Securities LLC discusses the current inflation rate and why is it a […]
August 25, 2021

Wall Street mixed at opening while waiting for Jackson Hole

The New York Stock Exchange traded in scattered order on Wednesday, pausing after record highs the day before, awaiting the US Federal Reserve (Fed) conference in […]
August 25, 2021

Wall Street mitigée à l’ouverture en attendant Jackson Hole

La Bourse de New York évoluait en ordre dispersé mercredi, faisant une pause après des records la veille, en attendant la conférence de la Réserve fédérale […]
August 24, 2021

Wall Street gains, Nasdaq notches record closing high on full vaccine approval

Pfizer-BioNTech’s COVID-19 vaccine approval lifts market mood Trillium nearly triples on Pfizer’s $2.26 bln deal GM to take $1 bln hit on expanded Bolt EV recall, […]
August 23, 2021

Wall Street ends on a high note after a hectic week

The New York Stock Exchange finally ended on a positive note on Friday mainly thanks to stocks in the tech sector, ending a week that remains […]
August 20, 2021

Taper fears spook stocks, Peter Cardillo, Chief Market Economist, Spartan Capital, LLC

US minutes released on Wednesday indicated willingness to taper bond buying program by end of the year. Tapering of assets not a precursor to rate hike, […]
August 19, 2021

Wall Street drops as taper fears, commodity losses weigh

Aug 19 (Reuters) – Wall Street indexes fell on Thursday on concerns the Federal Reserve could begin to rein in its massive monetary stimulus, while commodity-linked […]
August 19, 2021

Oil Plunges Further on Weakening Demand, Geopolitical Worries

US benchmark oil prices plunge more than $2, down 3.6% at $63.11 a barrel and are now down more than 16% from a mid-July peak above […]
August 19, 2021

Wall Street accelerates fall at close after Fed minutes

The New York Stock Exchange accelerated its fall at the close on Wednesday after the Fed minutes showing that the idea of ​​reducing monetary support as […]