Good MorningEquity markets sold off after the FOMC announced a single 25 basis points rate cut and indicated a slower pace of rate reduction for 2025 than previously indicated. The Fed sees only two cuts next year, down from the four previously indicated, meaning higher-for-longer is still in place. The S&P 500 shed nearly 3.0% at the day's low and may extend the sell-off to another day. With the index below the 30-day EMA, the next best target for support is near the 150-day EMA at 5,650.
The good news is that the underlying cause for the Fed's decision is economic health. The U.S. economy is growing faster than expected, underpinned by healthy labor markets. The Fed says its mandates are balanced, and the economy can withstand a higher-rate environment. The takeaway for investors is that economic health translates into corporate earnings power and capital returns, which supports the outlook for stocks. With this in play, the S&P 500 can correct and likely not break the up trend, setting itself up for another rally in 2025. Featured: Missed Nvidia? Buy Elon Musk’s “Silent Partner” (Brownstone Research) |
Markets | | | Every once in a while, the markets align themselves to offer investors a perfect way to get into a specific sector, with every tailwind behind it coming from other asset classes. Today, there are tailwinds brewing in the spreads between value stocks and growth stocks, which have fallen to a multi-de... Read the Full Story |
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Markets | | | When investors consider the benefits of investing in a stock, they usually only consider the basic level of capital appreciation and dividend payouts. After all, this is what is largely covered in the mainstream financial media and what is talked about at the proverbial cocktail parties, with peop... Read the Full Story |
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Markets | | | NVIDIA (NASDAQ: NVDA) isn’t the most upgraded stock at the end of the Q3 earnings reporting season, ending a trend that has been in place for nearly two years. While potentially bad news for the market, the reason why should give investors hope that the rally in equities is broadening and th... Read the Full Story |
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Markets | | | Lucid Group’s (NASDAQ: LCID) stock price is recovering from a new low set in November, suggesting a bottom is in play. However, the company’s risks remain, and the downtrend is intact, so investors should be wary. The move back above $2.70 in mid-December is promising but has yet to ... Read the Full Story |
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Stocks | | | The U.S. market gained more than 25% for the year to date through mid-December 2024. That’s a healthy showing by any measure. It doesn’t seem like it would be a market environment that’s conducive to tax-loss selling.But unless your strategy is to buy only U.S. stocks, you may indeed have opportunit... Read the Full Story |
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Markets | | | World shares skidded Thursday after U.S. stocks tumbled as the Federal Reserve hinted it may deliver fewer rate cuts in 2025 than earlier thought.The Fed cut its key rate by a quarter of a percentage point to between 4.25% and 4.5%, as expected. The Bank of England was expected to keep its policy ra... Read the Full Story |
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Markets | | | Brazil’s real has fallen to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors’ frustration with President Luiz Inácio Lula da Silva's efforts to rein in government spending Read the Full Story |
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Markets | | | Recent sales of a little-known stock, Madrigal Pharmaceuticals (NASDAQ: MDGL), could bode well for Novo Nordisk A/S (NYSE: NVO). The pharma industry giant has seen explosive sales growth for its GLP-1 agonist drug, semaglutide. Marketed through the names Ozempic and Wegovy, sales of the drugs gr... Read the Full Story |
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Markets | | | The U.K.’s central bank has kept interest rates on hold as inflation moves further above its target rate, even though the British economy is flatlining at best.The Bank of England’s nine-member Monetary Policy Committee kept its main interest rate unchanged at 4.75% Thursday with new data showing in... Read the Full Story |
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Markets | | | When Portugal returned its colony Macao to China in 1999, coffee shop owner Daniel Chao was a first grader living in a different world. Since then his sleepy hometown has transformed into a bustling gaming hub lined with glittering casinos. Its once quiet streets are now jammed with tourist buses. B... Read the Full Story |
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Thursday's Early Bird Stock Of The DayVipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products. It also provides internet finance services, including consumer and supplier financing. In addition, the company engages in wa... | | View Today's Stock Pick |
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