“Buy the first rate hike and sell the penultimate”: will the Wall Street stock market almanac be right?

Historically, the old market saying implies that the first interest rate hikes by the Federal Reserve are “good”, especially in a scenario with relatively strong economic growth and a mid-cycle bull market. That said, from Bank of America, its chief strategist, Michael Hartnett, warns in a note to his clients that, on this occasion, the … Read more

Government and unions tried to invalidate the unfair dismissal in the negotiation of the labor reform

The unions have recently raised verbally at the labor reform table that in case of unfair dismissal corresponds to the worker and not the employer decide whether to continue working in the company, as explained to eE a business source familiar with the negotiation who does not reveal which of the two unions the initiative … Read more