Good MorningEquity markets rebounded from Wednesday's Fed-induced sell-off, but Thursday's action gives little reason to think the selling is over. The S&P gained less than 1% to trade in the lower half of the previous day's range, creating a Harami candle pattern signaling the sell-off has the potential to gain strength. A move to retest Wednesday's low is likely, and a move to new lows is possible. The market could fall as low as 5,700 in that scenario before the S&P 500 hits firm support.
Today will be a test for the market. The PCE Price Index is due and expected to confirm inflation is rising. A hot report will strengthen the Fed's resolve, possibly leading them to reduce the rate cut outlook again and give the market a reason to sell. The silver lining is that the underlying causes of high inflation are demand and economic health, which are drivers of corporate earnings and bullish for stocks. Featured: 25X predicted for “Amazon Coin” – starting December 16th? (True Market Insiders) |
Markets | | | Now that the latest data on inflation and demand in the United States economy are out and the Federal Reserve (the Fed) has decided to cut interest rates for a third consecutive time, a new cycle in agriculture stocks and the manufacturing sector might be underway. This is why today’s view on ... Read the Full Story |
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Stocks | | | U.S. stocks rose Friday to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one.The S&P 500 rallied 1.1% for its best day in six weeks and shaved its loss for the week down to 2%. The Dow Jones Industrial Average jumped 498 points, or 1.2%, and the Nas... Read the Full Story |
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Markets | | | After a massive rally over the past quarter, shares of MicroStrategy Inc. (NASDAQ: MSTR) started to face some controversy regarding the underlying business model and methods of this technology stock accumulating Bitcoin on their balance sheet through shareholder dilution. However, that pressu... Read the Full Story |
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Markets | | | Global mining firms face significant uncertainty heading into 2025. Ongoing geopolitical turmoil has been both a help and a hindrance—at times it has driven investors toward safe haven assets like precious metals, but it also makes operations for many mining firms more challenging. The prospec... Read the Full Story |
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Markets | | | The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty.The Dow Jones stock index essentially ended Thursday flat after having posted 10 days of losses. The Federal Reserve now sees inflation... Read the Full Story |
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Markets | | | At the end of 2024, advances in quantum computing technology seemed to arrive at a dizzying pace. The race to develop this promising, game-changing technology seems to only be speeding up. Major tech players have dominated some of the headlines—Alphabet Inc. (NASDAQ: GOOG), for example, anno... Read the Full Story |
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Markets | | | The global race towards sustainable transportation is accelerating, creating lucrative opportunities for companies at the forefront of renewable energy innovation. Opal Fuels (NASDAQ: OPAL) is uniquely positioned to compete strongly in this race. As a vertically integrated leader in renewable na... Read the Full Story |
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Markets | | | An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. Friday’s report from the Commerce Department showed that prices rose just 0.1% from October to November. Excluding the volatile food and ene... Read the Full Story |
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Markets | | | Russia's central bank has left its benchmark interest rate at a record 21%, holding off on further increases despite high consumer inflation fueled by the Kremlin's war against Ukraine. The decision Friday comes amid criticism from influential business figures, including tycoons close to the Kremlin... Read the Full Story |
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Markets | | | Lamb Weston, a major supplier of frozen French fries to global chains like McDonald’s, KFC and Taco Bell, has named a new CEO after posting a surprise loss in the second quarter as consumers pull back on the money they spend on food outside the home Read the Full Story |
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