Good MorningEquity markets rebounded strongly last week after a better-than-expected CPI report. The report shows inflation slowed more than expected but it is still high and in line with an outlook for continued FOMC interest rate hikes. The news sent the S&P 500 up more than 6.5% in two days and has it on track to retest the 4,100 level but the market is not out of the woods. The weak CPI data lead to a weaker dollar and that has oil prices moving higher which is a spur for inflation.
This week, the market will be focused on a full slate of economic data that includes several key reads on the housing market, manufacturing data, and the index of leading indicators. The index of leading indicators has been negative for the last 5 months and is expected to contract again. The takeaway is that, even with light CPI data, the damage to the economy may have already been done. Featured: Why did Biden repeal Trump's Executive Order?! (Behind the Markets) 
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Markets | | | Media and entertainment giant The Walt Disney Company (NYSE: DIS) stock has seen better days as shares cratered under the $90.71 double bottom on its weak Q4 2022 earnings release. Since the pandemic, Disney has been identified as a video streaming company and judged by its subscription base for Dis... Read the Full Story |
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Markets | | | Social media technology provider Alphabet (NASDAQ: GOOG) stock is down (-33%) for the year after rallying 11% off its earnings lows. As complicated as Alphabet and its numerous side ventures can be, it is really just a massive advertising platform powered by the world’s most active search engi... Read the Full Story |
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Markets | | | Medical device maker DexCom (NASDAQ: DXCM) has been trading in a fairly tight range recently, holding gains from the company’s third-quarter report in late October.
The stock is up 16.33% in the past month. Even before the 19% gap-up following the earnings report, DexCom was already beg... Read the Full Story |
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Markets | | | Shares of solar battery system maker Enphase Energy (NASDAQ: ENPH) briefly cleared a buy point Friday, but reversed lower, even as the broader market advanced.
That type of price action happens fairly often, as investors who bought at certain levels nab profits as the stock overcomes price resistan... Read the Full Story |
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Politics | | | A showdown between Presidents Joe Biden and Vladimir Putin isn’t happening, but the fallout from Russia’s invasion of Ukraine and growing tensions between China and the West will be at the fore when leaders of the world’s biggest economies gather in tropical Bali this week Read the Full Story |
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Politics | | | Asian shares were mixed in Monday trading as momentum faded from last week’s rally on Wall Street amid varied sentiments about coronavirus restrictions easing in China and global interest rate increases.
Benchmarks fell in Japan, Australia and South Korea, while rising in Hong Kong bu... Read the Full Story |
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Tech | | | The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run.
The exchange, formerly one of the world's largest, sought bankruptcy protection last week, and its CEO and founder resigned. Hours later, the trading ... Read the Full Story |
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Markets | | | People still looking to book trips home to visit family or take a vacation during the holidays need to act fast and prepare for sticker shock.
Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year's. Travel experts... Read the Full Story |
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Politics | | | Britain’s Treasury chief warned Sunday of a coming spending crunch and tax increases for cash-strapped Britons as he bids to fill the “black hole” in the country’s finances.
Billing himself as a “Scrooge” figure ahead of Thursday’s Autumn Statement, when he will update Parliament on t... Read the Full Story |
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If you are wondering if this rebound in the S&P 500 (NYSEARCA: SPY) will hold, if the selloff and bear market is over, they’re not. The CPI for October was better than expected and the market cheered, delivering a solid 5%+ move, but there is a single reason to fear another surge in infl... Read the Full Story |
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Monday's Early Bird Stock Of The Day Fidelity National Information Services, Inc. engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions. It also offers trading and asset, lending, leveraged and syndicated loan markets, and treasury and risk solutions. The company was founded in 1968 and is headquartered in Jacksonville, Florida. | | View Today's Stock Pick |
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