Alain Guillot

Wall Street just received some good news about inflation. And strangely enough, most stocks still fell. The Federal Reserve’s preferred inflation measure came in cooler than expected Wednesday, dramatically reducing expectations for another interest-rate hike in October. Technology stocks welcomed the news. The broader market wasn’t nearly as enthusiastic. For…

Wall Street had plenty to worry about Tuesday. Stocks finished modestly lower as long-term Treasury yields pushed further into territory not seen in decades, consumer confidence deteriorated, and investors confronted another round of uncomfortable questions about the enormous amounts of money flowing into artificial intelligence. For the day: 📉 Dow…