Good MorningEquity markets pulled back on Wednesday following the Fed's policy decision. The Fed held rates unchanged and made no policy changes but shocked the market with a seemingly abrupt change of sentiment. The committee acknowledged the rising pace of inflation by upping its 2021 inflation target by 100 basis points and indicating the possibility of a rate hike in 2022.
The selling was led by big tech, the NASDAQ Composite shed more than 1% at the low of the day. Thursday will be a big test for the market, if it cannot rebound from Wednesday’s sell-off a much deeper sell-off could be in store. The next big hurdle for the markets will be in 2 weeks with the release of the May PCE index reading. If consumer inflation doesn’t slow it will accelerate the timing of future rate hikes.
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Stocks | | | Focusing on the bullish side of things, let's take a look at three companies that Wall Street firms agree are buys. All are mid-cap SPAC stocks that have unique growth drivers—and significant upside potential. Read the Full Story |
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From Our PartnersWall street legend Chris Rowe says there's a huge stock market event looming - and he's revealing his #1 pick for free. | | Click here to find out more. |
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Politics | | | Global stock markets were mostly lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought.
London and Frankfurt opened lower while Tokyo, Seoul and Sydney fell. Shanghai and Hong Kong advanced.
U.S. futures w... Read the Full Story |
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Politics | | | Asian stock markets were mixed Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought.
Tokyo fell while Shanghai and Hong Kong gained after Fed policymakers estimated their benchmark rate would rise twice by late 2023, earlier ... Read the Full Story |
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From Our PartnersThis may be the next lithium giant to feed surging global battery demand for EVs! | | | | Continue Reading |
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Politics | | | Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought.
Tokyo, Hong Kong and Seoul fell while Shanghai gained after Fed policymakers, who previously forecast no interest rate hikes... Read the Full Story |
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Markets | | | Losing money? Ugh. Been there, doesn't feel good. Take a look at these back-to-basics reasons you might be losing money. Everyone needs a gentle reminder every now and then, no matter whether you're a seasoned trader or investor or just getting started. Read the Full Story |
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From Our PartnersJeff retired early by trading options using one simple method. Click here for full details | | | | Continue Reading |
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Politics | | | Prosecutors urged a judge Wednesday to impose a “very substantial” prison sentence on Michael Avenatti for trying to extort millions of dollars from Nike.
Prosecutors noted in a Manhattan federal court submission that Probation Office officials recommend an eight-year prison term for ... Read the Full Story |
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Politics | | | Hong Kong police used a sweeping national security law against a pro-democracy newspaper for the first time Thursday, arresting five editors and executives on charges of collusion with foreign powers.
Police said they had strong evidence that more than 30 articles published by Apple D... Read the Full Story |
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Markets | | | By investing in different asset classes, allocated proportionally to meet your financial goals, time horizon and risk tolerance, you can improve the likelihood of achieving the best outcome. Exchange-traded funds (ETFs) represent a popular way to accomplish your investing goals. Read the Full Story |
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Markets | | | It doesn't matter to us if the analyst’s consensus is bullish or bearish if there is a clear trend of bullishness or bearishness within the community. That said today's news includes upgrades on 3 stocks that we think have big gains ahead of them. Read the Full Story |
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Markets | | | Skincare company The Beauty Health Company (NASDAQ: SKIN) stock has been on a tear recently as it continues to make new all-time highs on the reopening theme. As consumers inevitably return to the new normal, live engagement in the workplace or in social settings is a reality. With the pandemic behi... Read the Full Story |
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The Early Bird Stock Of The Day Yunji Inc., together with its subsidiaries, operates a social e-commerce platform in the People's Republic of China. It offers a range of product categories that cater various daily needs of users and their households, including beauty and personal care, household goods, cloths, food and fresh produce, computer and electronics, apparel, bags and cases, baby and maternity products, and home appliances. The company was founded in 2015 and is headquartered in Hangzhou, the People's Republic of China. | | View Today's Stock Pick |
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