Comerica Wealth Management

With Thanksgiving just hours away, investors are bracing for the most pivotal stretch of the retail calendar, as Black Friday launches a high-stakes holiday season shaped by shifting consumer behavior, sticky inflation and growing divides in household spending — factors likely to separate retail...

Financial markets are poised for a bumpy ride as they face a series of recent events that have led to a major selloff, analysts say. On Thursday, the Federal Reserve held off on cutting rates and then a cooler-than-expected U.S. jobs report landed on Friday while Iran threatened to attack Israel....

The biggest catalyst for the SPDR S&P 500 ETF Trust (NYSE: SPY) in the next few weeks could easily be a U.S. debt ceiling deal between President Joe Biden and House Republicans. Yet the latest news from Washington suggests the two sides are still far apart in the negotiation process, leaving...

U.S. payrolls soared by 311,000 in February, maintaining a strong pace despite recent interest rate hikes aimed at dampening demand. But the unemployment rate ticked up slightly from January’s 3.4% to 3.6%, above economist estimates of 3.5%. The Federal Reserve's efforts to curb...

The U.S. Federal Reserve raised its target Fed funds rate by 0.75% in June, its first interest rate hike of that size since 1994. With this month's Federal Open Market Committee meeting just around the corner, the bond market is now anticipating a greater than 50/50 chance the Fed will ramp up...

It's been a brutal first half of 2022 for investors, with the SPDR S&P 500 ETF Trust (NYSE: SPY) down 20% year-to-date. Fortunately, Comerica Wealth Management just released its Mid-Year Market Outlook report, and chief investment officer John Lynch is predicting the S&P 500 will...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher in a volatile session on Wednesday following the Federal Reserve's largest interest rate hike since 1994. The Federal Open Market Committee opted to raise fed funds rates by 0.75% on Wednesday to a new target range of between 1.5%...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.5% Friday morning after the Labor Department reported strong U.S. jobs market numbers from April. The U.S. added 428,000 jobs in April, beating consensus economist estimates of 400,000 jobs. The U.S. unemployment rate remained at 3.6%,...

The Federal Reserve raised its target fed funds rate by 0.5% on Wednesday to a new range of between 0.75% and 1.0%, its first rate hike of at least half a percentage point in more than 20 years. The Fed also said it will begin reducing the size of its balance sheet starting on June 1. “...

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded higher by 0.9% on Tuesday morning after the Labor Department reported an 8.5% increase in the consumer price index in the month of March, the highest inflation growth since 1981. What Happened: The headline CPI rose 8.6% in March, above...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher Tuesday after the U.S. Labor Department reported a 9.7% increase in the producer price index in the month of January, far outpacing economist expectations. The PPI climbed 1% compared to December, double the 0.5% monthly increase...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.2% Friday morning after the Labor Department reported encouraging U.S. jobs market numbers from January. The U.S. added 467,000 jobs in January, beating consensus economist estimates of 150,000 jobs. The U.S. unemployment rate ticked...

In the past three months, investors have grown increasingly concerned about the negative potential impact of elevated inflation levels and rising interest rates in 2022. But while stock prices and cryptocurrency prices have lagged, gold has outshined them both. Golden Performance: In the past three...

The U.S. Labor Department reported on Wednesday a 7% increase in the consumer price index (CPI) in the month of December, the fastest inflation growth since 1982. Some investors are concerned true inflation levels are higher than the CPI suggests. CPI Vs. PPI: To calculate the CPI, the Bureau of...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.4% on Wednesday morning after the Labor Department reported a 7% increase in the consumer price index in the month of December, the fastest inflation growth since 1982. What Happened: The headline CPI rose 7% in November, in-line with...