Good MorningThe selloff on Wall Street gained momentum on Tuesday following a surprise report the FOMC was going to hike rates by 75 basis points. The news, which should not have been unexpected, is only the latest indication the Fed's stance toward inflation is getting more hawkish. The risk for the market now is that a single 75 basis point hike will not be enough to clamp down on inflation and another large hike will come in July. If so, the FOMC target rate would hit 2.25% fully two years sooner than the market expected as recently as last summer. This marks a major change in fundamental conditions and will have an impact on economic activity. Looking at the housing market alone, at this pace, the rate on a 30-year mortgage could hit 10% by the end of the year.
After the Fed, earnings will be the next big hurdle for the market and it is only a few weeks until the next peak season. So far, the early reports have been better than expected but we've only seen a few disparate sectors and industries. If the season comes in better than expected the S&P 500 could hit a bottom this summer. If not, we think the S&P 500 could continue to fall into the end of the year. Featured: Buy Gold & Silver with Your IRA/401(k) Using this IRS Loophole (Gold Allied Trust) 
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Politics | | | Asian stock markets were mixed while Europe opened higher Wednesday ahead of a Federal Reserve decision on how sharply to raise interest rates to cool U.S. inflation.
London, Frankfurt and Shanghai advanced. Tokyo and Sydney declined. Oil prices edged lower.
Wall Street... Read the Full Story |
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Markets | | |
When we think of farming, the word ‘grains’ often comes to mind. Lately, ‘gains’ seems more appropriate—as in the gains that farming-related stocks are cultivating.
Over the past 12 months, the S&P GSCI Agriculture Index is up more than 26%. The benchmark represe... Read the Full Story |
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Politics | | | The European Union is launching legal action against the U.K. in response to Britain’s unilateral moves to rip up parts of the post-Brexit deal between both sides, officials said Wednesday,
But the European Commission, the bloc's executive branch, insisted it remained open to finding ... Read the Full Story |
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From Our PartnersOne of the best ways to spot potential opportunity is by tracking insiders.
After all, who knows the company better than an insider - the CEO, CFO, COO, officers, employees, and directors? If they're buying a sizable number of shares, it's often a good idea to start looking into why and perhaps follow them into the stock. Here are five stocks seeing a good share of insider buying in recent weeks. | | Click Here to Download the FREE Report |
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Markets | | |
Sometimes the best offense is a good defense.
With the U.S. stock market slipping into bear market territory, 2022 is looking more and more like the year of the defensive stock.
Sectors known to lag during periods of economic prosperity but hold up well during economic downturns have been ... Read the Full Story |
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Stocks | | |
Inflation continues to run hot, and with the fed behind the curve, economists believe it will take some time before we hit peak inflation. Therefore, it's essential to have stocks in your portfolio that are a hedge against the current inflationary environment. One of the ways you can do that is th... Read the Full Story |
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From Our PartnersGood news- the crypto market is poised for a roaring comeback. Some people are rushing to buy Bitcoin and Ethereum. If you're one of them - pay attention.
One of the world's "most sought after" crypto analysts, Charlie Shrem just revealed a far better crypto buy - One set to generate $544 trillion of new wealth in the coming years. Best of all, this crypto is still trading for under $15. | | Click here to get Charlie Shrem's latest pick now. |
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Politics | | | Indonesian President Joko Widodo announced a Cabinet reshuffle on Wednesday, replacing key economic ministers amid a national cooking oil shortage and rising food prices.
Widodo selected Zulkifli Hasan, the chairman of a political party that joined the ruling coalition last year, as I... Read the Full Story |
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Politics | | | The European Central Bank’s rate-setting council will hold an unscheduled meeting “to discuss market conditions” as borrowing costs for several countries have risen after the bank said it would raise interest rates Read the Full Story |
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Politics | | | Organizers of Russia's showpiece investment gathering are telling foreign participants to be sure to bring cash — not necessarily for making investments, but for spending money.
With Russia under wide sanctions after sending troops into Ukraine, most foreign bank cards don't work in ... Read the Full Story |
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Tech | | |
Integrated circuits (IC) developer Analog Devices (NYSE: ADI) stock has only fallen (-11%) during the technology bear market. A slowing economy riddled with supply chain disruption and falling PC demand is a perfect storm for deeper selling in the sector. Demand still remains strong, especially in... Read the Full Story |
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Stocks | | |
Energy exploration and drilling company Helmerich and Payne (NYSE: HP) stock has been on a strong rally up 112% for 2022. The largest offshore driller in the U.S. is in the boom cycle with a perfect storm breakout for crude oil prices. The supply-demand constraints are expected to continue and pro... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania. | | View Today's Stock Pick |
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