Good MorningThe market correction took on a new tone last week after a much hotter than expected CPI report. The consumer price index rose by 0.6% from last month and 7.5% from last year to set the fastest pace of price increases in four decades. The news compounds other data that point to aggressive interest rate hikes from the FOMC. The odds of at least two 25 basis point hikes have risen to near 75% for the March meeting, up significantly from an expectation of no rate hikes in March just a month or two ago.
This week will bring a raft of economic data including retail sales and the PPI. Retail sales are expected to increase on a YOY basis but much if not all of the increase will be due to inflation. The risk is that consumer activity is on the decline due to rising prices and may come in short of expectations. If the PPI data is hot as well it will only increase the outlook for inflation, FOMC interest rate hikes, and worsen the outlook for corporation earnings power. Featured: Forbes mag says this strategy "like finding money in the street" (Tradewins) 
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Can't remember the last time you went to the grocery store and paid a reasonable price for steak, chicken, eggs, mayonnaise and cereal? It can wipe out your entire grocery budget in about a second.
Defensive stocks to the rescue. They can help you during high-inflation periods and downed cycles, ... Read the Full Story |
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Politics | | | Asian stock markets fell Monday and oil prices rose amid concern about a possible Russian invasion of Ukraine.
Tokyo's benchmark index fell by an unusually wide daily margin of 2.1%. Shanghai, Hong Kong and Seoul also retreated. Global crude prices added more than $1 per barrel in a s... Read the Full Story |
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Stocks | | |
These Travel Stocks Could Be Ready to Take Off
Keeping things simple when it comes to investing is always a good idea, as it's fairly easy to overcomplicate things in financial markets. That’s why looking at travel stocks as the industry is poised for a rebound makes a lot of sense at... Read the Full Story |
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Politics | | | Global stocks and Wall Street futures tumbled Monday as fears of a possible Russian invasion of Ukraine mounted.
Frankfurt and Paris opened down more than 3%. London lost 2% and Tokyo slid 2.2%. Shanghai and Hong Kong also retreated.
Wall Street's benchmark S&P 500 ... Read the Full Story |
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Popular market trading fintech Robinhood (NASDAQ: HOOD) stock collapsed to $9.94 after peaking at $85 after its much anticipated IPO debut. Robinhood was instrumental in ushering in the age of zero-commission trading. However, it also brought on scrutiny in the controversial practices of order flo... Read the Full Story |
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From Our PartnersAccording to Microsoft engineer Alex Kipman, “Smartphones are yesterday's news. The phone is already dead. People just haven't realized.”
And it’s all thanks to the device inside this black box… | | | | A new technology that’s projected to grow fast |
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Markets | | |
There’s beating earnings estimates…and then there’s crushing earnings estimates. Both are generally favorable events for longs. Yet it is the earnings crushers that make the biggest statements to the market.
Within the past week, 39 S&P 500 companies surpassed the consensus... Read the Full Story |
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Politics | | | A special judicial committee has been appointed to weigh in on potential legal disputes over the estate of Emirati billionaire Majid Al Futtaim, seen by many as a key pillar of Dubai's tourism and economic growth.
Al Futtaim, whose eponymous company operates more than two dozen malls... Read the Full Story |
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Politics | | | The Bank of Japan made an offer for unlimited government bond purchases Monday, moving to curb a surge in long-term interest rates in the world's third-largest economy.
Japan’s central bank set the interest rate for purchasing 10-year government bonds at 0.25%. The market rate had ris... Read the Full Story |
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Politics | | | In a photo posted in November, 18-year-old Sabee al Saidi wears bright-pink lipstick as she leans from the side of a wooden boat, a calm blue sea stretched out behind her. In a video, she smiles alongside a dozen other migrants, gesturing to a popular rap song.
A month later, Chaima B... Read the Full Story |
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Markets | | | Global coffee products retailer Starbucks (NYSE: SBUX) stock has been basing in a shallow range setting up for another breakout heading into earnings season. The popular restaurant chain saw worse than expect results in its fiscal Q1 2022 results. The Omicron variant severely impacted top and bottom... Read the Full Story |
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Monday's Early Bird Stock Of The Day Snap Inc. operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, collection ads, dynamic ads, story ads, and commercials. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California. | | View Today's Stock Pick |
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