It’s time for investors to fight the Fed. A popular Wall Street saw is that the Federal Reserve has a heavy hand in the level of the stock market. The theory is that low interest rates buoy stocks and that high rates sink them, so by controlling interest rates the Fed controls the market indirectly. From that nugget springs the ...

Bloomberg American equity-index futures slumped alongside stocks in Europe as weak data from two of the world’s biggest economies overshadowed an apparent de-escalation in the trade war. Treasuries and European bonds rallied, with key parts of both the US and UK yield curves inverting. Contracts on the S&P 500 fell alongside the Stoxx Europe 600 index as data showed Germany’s ...

Bloomberg Stocks in China and Hong Kong pared earlier advances as relief that the US will delay imposing tariffs on some consumer goods was tempered by weak economic data. The yuan climbed the most since June 20. The Hang Seng Index overcame an afternoon wobble to close 0.1 percent higher, rising for the first time in four days, while protests ...