Bulls Get Another Reason to Worry as Sentiment Gauge Flashes Red
The Bloomberg Intelligence Market Pulse Index pushed to a 'manic' reading last month, a sign that investor exuberance may be running too hot. The measure combines six metrics like market breadth, volatility and leverage to deliver a reading on investor sentiment. When it gets into overheated territory, returns tend to weaken in the following three months.
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Wall St futures subdued ahead of retail earnings, Fed commentary
(Reuters) -U.S. stock index futures were muted on Tuesday as investors awaited earnings reports from major retailers for insights on the health of the American consumer, and a key Federal Reserve conference scheduled later in the week. Consumer spending accounts for around 70% of the total U.S. economy and traders are keen to know the impact U.S. tariffs have had on corporate forecasts and individual expenditure. Data last week showed the levies had dented consumer confidence in July. Home improvement retailer Home Depot inched up in premarket trading ahead of its quarterly results that could also offer clues on the condition of the housing market. Reports from rival Lowe's as well as big-box retailers Walmart and Target are due later this week. Intel jumped 6.3% after the chipmaker got a $2 billion capital injection from Japan's SoftBank Group. Investors are also waiting for remarks from Fed Vice Chair for Supervision Michelle Bowman later in the day. Bowman, who is under consideration for the central bank's top job when Chair Jerome Powell's term ends next year, has voiced support for at least three interest rate cuts this year to support the labor market, in line with U.S. President Donald Trump's calls for lower borrowing costs. Interest rate futures point to a total of two rate cuts this year worth 25 basis points each, with the first expected in September, according to data compiled by LSEG. "It is perfectly possible to make a case for immediate U.S. rate cuts given the economic damage of trade taxes and policy uncertainty," said Paul Donovan, chief economist at UBS Global Wealth Management. At 05:30 a.m. ET, Dow E-minis were up 20 points, or 0.04%, S&P 500 E-minis were down 0.75 points, or 0.01%, and Nasdaq 100 E-minis were up 4.25 points, or 0.02%. Wall Street's main indexes have recovered since their April lows, when trade uncertainty stuck global markets, and have picked up steam following a better-than-expected earnings season and on the rate-cut expectations. The key event this week is the Fed's annual symposium at Jackson Hole, Wyoming, from Aug. 21-23, where Powell's comments will be scrutinized for any clues on the central bank's outlook on the economy and monetary policy. Offering a spot of relief, ratings agency S&P Global affirmed its 'AA+' credit rating on the U.S., saying the revenue from President Trump's tariffs will offset the fiscal hit from his recent tax-cut and spending bill. On the data front, a report later in the day is expected to show single-family homebuilding in July was lower than the month before, when it dropped to an 11-month low. Palo Alto Networks surged 5.6% after the cybersecurity company forecast fiscal 2026 revenue and profit above estimates, betting on growing demand for its artificial intelligence-powered solutions. Crude prices dropped 1% as traders weighed the possibility that talks between Russia, Ukraine and the U.S. to end the war in Ukraine could lead to the lifting of sanctions on Russian crude, raising supply. Effettua l'accesso per consultare il tuo portafoglio
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US stock futures flat ahead of big box retailer results
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Social Security's Future: 5 Backup Income Sources Every Retiree Should Consider
Potential cuts to Social Security benefits understandably concerns many retirees. Social Security often comprises a significant portion of income for its near 58 million recipients, according to the Social Security Administration (SSA). A reported insolvency in seven years may create growing unease for those depending on monthly benefits. Be Aware: Check Out: Dual-earning couples may see an $18,100 annual reduction in benefits, according to the Committee for a Responsible Federal Budget (CRFB). Amounts can vary depending on specific circumstances. Taking prudent action now can help provide income to offset any loss in benefits. Before considering any backup income source, retirees should consult with a trusted financial advisor to create a plan. Retirement Accounts IRAs and 401(k) accounts are popular retirement planning tools for many Americans. Roughly 54% of Americans had such accounts in 2022, according to Wisely tapping these accounts can be a good way to complement a reduction in benefits. 'If you have 401(k)s, IRAs or other retirement accounts, it is time to make a plan to access them if your Social Security benefits get squeezed. The challenge is to set up a withdrawal and tax plan that maximizes the income you can get from your retirement accounts across the rest of your life,' said Jay Zigmont, PhD, certified financial planner (CFP) and founder at Childfree Trust. Speaking with an advisor can help seniors create a withdrawal plan. Consider This: An Annuity Annuities often get a bad rap, thanks to fees and other potential charges. While not for everyone, an annuity can be a good fit for some retirees. Fixed annuities commonly have reduced points of entry, making them easier for seniors to purchase. 'One of the most reliable ways to create backup income in retirement is through fixed indexed annuities with guaranteed income riders,' noted Matt Eilers, CEO and Founder of Medalist Wealth Management. 'These income sources grow based on the performance of a stock index, like the S&P 500, but the principal is protected against market volatility, and the income riders guarantee a predictable income payment through retirement.' A Part-Time Job Having a part-time job in retirement may not be desirable, but it can be a good way to supplement Social Security payments. Retirees can earn up to $62,160, as of 2025, before benefits are reduced, according to the SSA. Working a side gig may be attractive, but Zigmont advises seniors to look elsewhere for work. 'While gig work, like driving for Uber, may be popular, it is unpredictable and comes with other costs. Part-time jobs are probably the best bet, as you don't need the benefits,' said Zigmont. Dividend-Paying Stocks Investing in dividend-paying stocks has long been a way for retirees to earn income. Americans can house such investments in both retirement and non-retirement accounts. Holding them in the latter can provide cash flow, and lower-income retirees may face 0% federal tax on them, if they're classified as qualified dividends, according to Fidelity. This strategy poses some risk of placing you in a higher tax bracket and potentially losing the tax deferral benefits found in retirement accounts. Speak with an advisor to identify if this is an option for you. Use Your Home For many Americans, their home is their most valuable asset. If you can downsize, it can free up cash. For example, if your current home is paid off and worth $350,000, and you move to a $200,000 home, that's $150,000 in cash you can claim, before fees tied to selling the house. Such an amount could offset a reduction in benefits. A reverse mortgage is another possibility, but it may not be worth the risks and fees associated with such an action. A reduction in Social Security benefits can cause grave concern for many seniors. Pairing the right backup income source with reduced spending can help mitigate the financial impact. More From GOBankingRates 5 Ways Trump Signing the GENIUS Act Could Impact Retirees7 Luxury SUVs That Will Become Affordable in 2025 This article originally appeared on Social Security's Future: 5 Backup Income Sources Every Retiree Should Consider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
