Stocks started the trading week with a rally on Monday. The Dow led the push higher with a 1.5% rally, followed by the S&P 500 with a 1.2% gain. The Nasdaq brought up the rear with a 1.1% advance, while the small-cap Russell 2K added just 0.6%. Today, futures are up again in early trading. S&P 500 contracts are currently up about 0.3%. Trillion Dollar Honey-Hole "Hiding in Plain Sight" "Honey-Hole" is slang for a location that yields a valued commodity or resource. And AI is that commodity. Statista currently value's the AI sector at $100 billion, and expects that number to explode by twenty fold by 2030, placing its potential value at $2 trillion in under seven years. But which AI company is the best investment? We compiled a list of our Top 5 AI Stocks. >>> Click Here for Details 🏛 Monthly Fed Meeting Kicks Off TodayThe Federal Reserve begins its monthly two-day meeting today, and, as is the custom, the central bank will announce its latest interest policy decision at the conclusion of the conference. What to Expect 🧭 The general sentiment around the market is that the Fed is leaning towards holding rates steady. Fed Chair Jerome Powell had previously implied that one more hike before the end of the year could be necessary, but many believe he was merely setting expectations in the event another hike was needed. Given the latest inflation and economic numbers, many expect the central bank to hold rates steady on Wednesday. If We Get a Hike 📉 If the central bank announces an unexpected hike, we could see a very negative reaction in the market. At this point, I would put the odds of a hike at slightly less than 50%. Have a plan for both scenarios, but I expect we'll see the Fed hold rates steady tomorrow. |