Market News
How Do Used Car Prices Impact Inflation?
Exploration & The steep plunge in used car prices – what it means, and what’s ahead
By Chris Isidore, CNN Business
Updated 9:04 AM EST, Wed January 18, 2023
New YorkCNN — Tracking used car prices is enough to give anyone whiplash.
Since the start of the pandemic and the resulting disruptions to new car supply chains first sent prices soaring, used car prices posted their largest annual increase on record – up 45% in the 12 months ending in June 2021.
Could Stocks See A Strong Year?
If January is the barometer it historically has been, stocks could see a very strong year
By Patti Domm, CNBC
Mon, Jan 30 2023 7:39 PM EST
January’s stock market gains may be a good sign for the rest of the year, even though many strategists still expect continued turbulence and possibly a new low before the market recovers into the year-end.
The S&P 500 was up 4.6% for January so far as of Monday’s close.
What is the Debt Ceiling?
What is the debt ceiling, and what happens if the U.S. hits it?
By Amber Phillips and Matthew Brown
January 18, 2023 at 3:00 p.m. EST
House Republicans are locked in a standoff with the Biden administration over a deadline to raise the nation's debt ceiling or risk fiscal calamity.
The Treasury Department has warned it will need to take "extraordinary measures" starting Thursday to delay an economic catastrophe for a few months now that the U.S. government has borrowed up to the current $31.4 trillion debt limit.
Weathering the Financial Storm in 2023
Gary Cohn on recession fears: 'We've weathered the storm in the United States'
Brian Sozzi ·Anchor, Editor-at-Large
January 17, 2023
DAVOS, Switzerland — The economic gloom is flowing as freely as the expensive wine at this year's World Economic Forum (WEF). But don't put Trump's former top economic adviser and Goldman Sachs banker Gary Cohn in the recession camp.
New Year, New Stock Markets?
Chart of the Week: New Year, New S&P 500?
Let's take a brief backward glance at the S&P 500.
The S&P 500’s performance in 2022 was its seventh worst since inception and the third worst since 2000. Looking forward, episodic volatility, muted earnings growth, and a high cost of capital may pose headwinds for US equities in 2023. But there is a silver lining: since 1928, the Index has delivered consecutive years of negative returns only eight times. History may be on investors’ side as positive S&P 500 annual returns have followed a down year more than two-thirds of the time.
What's more, January is off to a roaring start for stocks, which could mean more
positive returns to follow. Good things tend to happen when stocks are higher
during the Santa Claus Rally, especially during the first five days of the year and
in January. You'll notice the full-year return is higher more than 90% of the time
and up 17.5% on average.
