Fed Watch: Policymaker Action Still Uncertain, Bond Purchase Update Possible

Investors were focused on what policymakers were thinking about the Federal Reserve’s asset purchases when the minutes of the monetary policy meeting in early November were published last week after the normal delay between the event and the release. But what will happen at the December 15-16 Fed meeting is still anybody’s guess. The policymakers discussed the bond purchases at…

Zoom Video Earnings Preview: Explosive Growth Should Justify 600% Stock Jump

Reports Q3 2021 results on Monday, Nov. 30, after the close Revenue expectation: $693 million EPS expectation: $0.76 Without doubt, Zoom Video Communications (NASDAQ:ZM) has been one of the biggest beneficiaries of the global COVID-19 pandemic. Millions of workers and students flocked to its video-conferencing service as governments worldwide mandated work-from-home restrictions. Today’s earnings report will likely reflect this boom,…

Week Ahead: Technicals Suggest S&P 500 Rally To Continue As Markets Waver

US and Global stocks see best month in quite some time Oil dips but outlook still bullish Gold drops; could head yet lower still We expect equities to keep swerving between gains on optimistic vaccine news and pessimism about the ongoing escalation of the worst pandemic in a century. The viral outbreak has pressured what could have otherwise been a…

Commodities Week Ahead: Oil On Vaccine-Fueled Rally, Gold Seen Drifting

Oil looks set this week to cling to promises of faster-than-expected progress in coronavirus vaccines in an attempt to continue its three-week long rally. Gold’s path may be less clear as Senate Republicans and the outgoing Trump administration continue playing the long game on any COVID-19 stimulus. Crude prices neared 12-week highs in Asian trading Monday after the chief scientific…

Fed Watch: Transition Hits Aid Funds, Buoys Prospects For Fed Cabinet Official

Federal Reserve Chairman Jerome Powell has been urging Congress to provide more fiscal aid, but a deadlock between Republicans and Democrats has blocked a second stimulus package. Against that background, Treasury Secretary Steven Mnuchin’s announcement last week that he would not seek an extension of Treasury-backed Fed facilities was immediately given a political spin. Mnuchin’s response to the backlash: even…