Good MorningEquities tried to rebound on Wednesday ahead of the Fed meeting but the move didn't get very far. The gains were capped by the FOMC statement and press conference in which Fed Chief Jerome Powell indicated rate hikes would begin very soon. The market took the news to mean the first rate hike will come in March and that it might be larger than previously estimated. The CME's Fedwatch Tool shows a 100% chance of rate hike in March with a growing chance of two 25 basis point hikes at once.
Turning to the indices, the S&P 500 fell almost a full percentage point at the low of the session after climbing the same amount earlier in the day. The move confirms resistance at the key 200-day moving average and at a lower level than previous support. This is evidence of increasing bearish momentum and could lead the market down another 5% to 10% with ease. Featured: See This Pattern? (ProTrading Research Sykes) 
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Politics | | | Global stock markets and Wall Street futures sank Thursday after the Federal Reserve indicated it will raise interest rates soon to cool inflation.
London and Frankfurt opened lower. Market benchmarks in Tokyo and Seoul fell by an unusually wide margin of more than 3%.
... Read the Full Story |
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Markets | | | Technical analysts are seeing more bullish indicators light up this week with U.S. stocks attempting a reversal. Some stocks are flashing multiple bullish technical events that add credence to swift turnarounds. Read the Full Story |
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Markets | | | Investors looking to buy the dip should consider companies that have been hit hardest but still have solid long-term growth prospects. It is here that valuations have become more reasonable and entry points more attractive. Read the Full Story |
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Markets | | | There will certainly be some interesting opportunities to add tech stocks to your long-term portfolio if we continue to see dramatic volatility in the market, which is why it makes sense to put together a shopping list now.
Read the Full Story |
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Stocks | | | EV charging stocks may see immense growth potential due to an infrastructure boost. Does that mean you should jump on EV charging stocks? Let's find out and go over a few stocks you may want to consider adding to your portfolio. Read the Full Story |
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Tech | | | The French-Japanese auto alliance of Renault and Nissan plans to invest 23 billion euros ($26 billion) in electric vehicle technology over the next five years, the companies said Thursday.
The alliance, which also includes smaller Japanese automaker Mitsubishi Motors Corp., will shar... Read the Full Story |
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Tech | | | Transportation Secretary Pete Buttigieg is vowing to help stem rising traffic fatalities, releasing a broad-based strategy aimed at reducing speed, redesigning roads and boosting car safety features such as automatic emergency braking.
Buttigieg told The Associated Press that new fede... Read the Full Story |
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Markets | | | Six people who were children living in Fukushima at the time of the 2011 nuclear disaster and have since developed thyroid cancer filed a lawsuit Thursday demanding a utility pay compensation for their illnesses, which they say were triggered by massive radiation spewed from the Fukushima nuclear plant Read the Full Story |
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Politics | | | Australia’s Woodside Petroleum is withdrawing from projects in strife-torn Myanmar, following a similar decision last week by Total and Chevron.
Woodside put all its Myanmar activities under review after the military seized power a year ago, deposing the elected government of Aung Sa... Read the Full Story |
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Markets | | | Knight-Swift Transportation (NYSE: KNX) delivered a very strong report and we are not surprised. Not only is the industry supported by strong tailwinds but the company is working on growth and its competitors have been reporting strongly as well. Read the Full Story |
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Thursday's Early Bird Stock Of The Day Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit. The company also provides real estate loans, such as commercial property, construction, and residential property loans; and commercial and industrial loans, such as commercial term loans and commercial lines of credit; and international finance and trade services and products, such as letters of credit, and import and export financing. In addition, it offers small business administration loans for business purposes, which comprise owner-occupied commercial real estate, business acquisitions, start-ups, franchise financing, working capital, improvements and renovations, inventory and equipment, and debt-refinancing, as well as equipment lease financing. The company was founded in 1982 and is headquartered in Los Angeles, California. | | View Today's Stock Pick |
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