Cardillo’s Corner

October 10, 2018

IMF: ‘Clouds on the Horizon’ for Global Growth

For the first time in two years, the International Monetary Fund expressed skepticism for global growth in the coming years as the organization cut its forecast for […]
October 10, 2018

Growth rate cut by IMF a wakeup call for US to make deals: Peter Cardillo, Spartan Capital

If there is no agreement with China, then we can see some real downturn in economic activity on a global scale, Peter Cardillo, Chief Market Economist, Spartan Capital […]
October 9, 2018

Tech stocks prop up Wall Street amid global growth worries

(Reuters) – The S&P 500 and the Nasdaq rose for the first time in four days on Tuesday, boosted by a rebound in technology stocks, but […]
October 8, 2018

Dow down 180 points, set for 3rd straight drop as yield-fueled drop gains steam

U.S. stocks traded lower Monday in a choppy session as investors wrestled with fears about rapidly rising rates against expectations for strong corporate results in coming […]
October 8, 2018

FTSE 100 preview: Index seen flat as Asia falls

The UK benchmark index looks set to start the new week little changed, following the previous session’s hefty losses, following a slump in Asia. In company […]
October 8, 2018

Get defensive in stocks, yields could rise to 3.5 percent, says Peter Cardillo

As the Nasdaq and S&P broke below some key technical levels Friday, the chief market economist of Spartan Capital Securities tells Reuters’ Fred Katayama the stock […]
October 8, 2018

S&P 500 posts worst week in nearly a month as rates pop

The broad index fell nearly 1 percent this week, posting its worst weekly performance since September. The U.S. economy added 134,000 in September, well below the […]
October 8, 2018

Stocks tick lower, rates continue to rise in wake of jobs report

Stocks inch lower following the release of the September jobs report, which showed a weaker than expected increase in non-farm payrolls with a notable upward revision […]
October 5, 2018

Wall Street succumbs to soaring bond yields

(Reuters) – U.S. stocks fell broadly on Thursday, mirroring weakness in the global markets, as government bond yields surged to multi-year highs on robust U.S. economic […]