Good MorningEquity markets continued to pull back falling for the 3rd day as fear of the FOMC intensifies. The CPI was cooler than expected and the FOMC gave the market what it wanted but it came with a string attached. That string was an expectation for inflation to remain hot in 2023 and for the peak of interest rates to be above 5.0% and for it to stay at the peak until 2024. This news means the pressure that is currently weighing on the economy will not only increase but it will remain in place for at least the next 13 months.
The takeaway is that a recession is closing in on the US economy and the S&P 500. Even without an actual economic recession the S&P 500 is about to enter an earnings recession that could last all of next year. In this light, the odds are high the S&P 500 will resume its downtrend and retest the lows near 3,500. If there is no improvement to the outlook by then the index could fall to a new low. Featured: 3 Dividend Stocks to Buy and Hold Forever (Investors Alley) 
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Stocks | | | Stocks tumbled on Wall Street and across European markets Thursday as investors grew increasingly concerned that the Federal Reserve and other central banks are willing to risk a recession to bring inflation under control.
The S&P 500 fell 2.5%, with more than 90% of stocks in the... Read the Full Story |
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A classic cup-with-handle base is often a precursor to a stock’s run-up, and retailer Tractor Supply Company (NASDAQ: TSCO) is forming exactly that type of consolidation.
The Tennessee-based company specializes in items for rural lifestyles, including hardware, supplies for livestock ... Read the Full Story |
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Stocks | | | Asian shares have followed Wall Street and Europe lower, with markets jittery over the risk that the Federal Reserve and other central banks may end up bringing on recessions to get inflation under control Read the Full Story |
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Markets | | | Shares in Europe and Asia skidded Friday as central bank plans for more interest rate hikes rattled markets.
The fear is that the Federal Reserve and other central banks might bring on recessions by pushing rates higher to get inflation under control.
Oil prices sank ... Read the Full Story |
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Markets | | | Asian shares have followed Wall Street and Europe lower, with markets jittery over the risk that the Federal Reserve and other central banks may end up bringing on recessions to get inflation under control Read the Full Story |
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From Our PartnersHe called the collapse of Lehman Brothers in '08. Now he's predicting a huge "cash frenzy" we haven't seen in 21 years. | | | | Here's how to prepare. |
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Politics | | | At a gas station outside New York City, retired probation officer Karen Stowe was faced with a pump price she didn't want to pay. She bought groceries from the convenience store instead, planning to buy cheaper gas elsewhere.
“The price is so high, people have to think very hard about... Read the Full Story |
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Markets | | |
Lennar Corporation (NYSE: LEN) has a lineup is on the higher end of the housing spectrum. Its balance sheet is in the best shape it has been in for years. The problem is not the supply-demand situation because that remains firmly in favor of all the homebuilders. The problem is in the near to... Read the Full Story |
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Elon Musk and his company Tesla (NYSE: TSLA), have been in the spotlight in recent months, particularly since he made Twitter private through a $44 billion acquisition.
Since first announcing his acquisition of the platform, Musk has sold $22.9 billion worth of Tesla stock. A large a... Read the Full Story |
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Markets | | |
To say the EV startup world is a world of fly-by-night operations and high risk is a bit of an understatement but Mullen Automotive (NASDAQ: MULN) is proving not all EV companies are alike. The latest news is a purchase order from Randy Marion Auto Group which is not only a game-changing event but... Read the Full Story |
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One of the world’s leading entrepreneurs is describing inflation and the energy crisis like “two freight trains barreling at each other.” More on that in a moment.
But first, I’d like to remind you of an idiom attributed to Mark Twain that reads, “history doesn&rsquo... Read the Full Story |
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Friday's Early Bird Stock Of The Day Akouos, Inc., a precision genetic medicine company, developing gene therapies to restore, improve, and preserve physiologic hearing for individuals. The company's precision genetic medicine platform incorporates a proprietary adeno-associated viral vector library and a novel delivery approach. Its lead product candidate is AK-OTOF, a gene therapy for the treatment of hearing loss due to mutations in the OTOF gene. The company is also developing AK-CLRN1 for the auditory manifestations of Usher syndrome 3A, or USH3A; and AK-antiVEGF for vestibular schwannoma. In addition, its precision genetic medicine platform addresses hearing loss related to genes needed for supporting cell function. The company was incorporated in 2016 and is based in Boston, Massachusetts. | | View Today's Stock Pick |
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