Good MorningEquity markets rebounded 2.0% on Wednesday despite a souring outlook for economic growth. The Fed's Beige Book was released at 2 PM and confirmed economic activity was little changed from the prior reading and the outlook for growth was dim. The news comes in contrast to the ISM services index release on Monday which suggests an acceleration in the services sector at least. The takeaway from the two reports, however, is that conditions are still in favor of aggressive FOMC policy action and that is seen in the Fed Funds Futures data as well. The odds for another 75 basis point rate hike rose to 75% according to the CMEs FedWatch Tool and it will likely trend higher following next week's read of the CPI. Consumer Level Inflation may have tamed on a month-to-month basis but is still expected to have run at a high mid-single-digit rate versus last year.
The biggest risk for the market for the remainder of the week is Fedspeak. There are a number of Fed members slated to make public remarks and they may all include hawkish commentary. The bottom line for traders, the Wednesday rebound is nothing more than a relief rally within the latest downdraft and it is not one that is expected to last long. Featured: The 3-Stock Retirement Blueprint (Legacy Research) 
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Solar stocks have been on fire lately (pun intended). The sector is getting a boost from the Biden administration which has announced a broad goal for 45% of the nation’s energy supply to come from solar by 2050. That’s up from the 4% the sector supplied in 2020.
And as one of ... Read the Full Story |
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From Our PartnersWe all knew it was coming to an end at some point, right? We’ve been in one of the longest bull markets in history, with the S&P surging well over 800%.
But now the chickens have come home to roost. | | | | Click here to Watch. |
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There’s no doubt that semiconductors will continue to power technological innovations of the present and future.
The proliferation of personal computers (PCs), smartphones, and other consumer electronics are expected to keep advanced memory and processing chips in demand for years to ... Read the Full Story |
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REV Group (NYSE: REVG) is a niche EV play without the flash of Lucid Motors (NASDAQ: LCID), Workhorse Group (NASDAQ: WKHS), or Nikola (NASDAQ: NKLA) but it has something they don’t. A deep moat. While there are other manufacturers making EV ambulances, fire trucks, busses, and RVs they are f... Read the Full Story |
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G-III Apparel (NASDAQ: GIII) is a well-established company with solid results for the Q2 period but it may also be a value trap. The company’s brands are not as strong as some others in the sector and it lacks a dividend which is a prominent feature of other stocks in the group. Trading at 4... Read the Full Story |
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Lithium supply has been and continues to be under pressure as a result of global demand, and the global energy crisis has only increased the crunch of lithium. This will remain an issue for a while, and the head of Piedmont lithium states the following: “Yes, we’ll eventually have enou... Read the Full Story |
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Politics | | | British Prime Minister Liz Truss said Thursday that her government will cap domestic energy prices for homes and businesses to ease a cost-of-living crisis that has left people and businesses across the U.K. facing a bleak winter.
Truss told lawmakers in Parliament that the two-year “... Read the Full Story |
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Politics | | | Hundreds of students rallied in Indonesia's capital on Thursday to protest sharp increases in fuel prices by the government.
The protesters, from several student organizations, gathered at Jakarta's National Monument, which commemorates Indonesia's struggle for independence. “We rejec... Read the Full Story |
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Markets | | | Puerto Rican superstar Ricky Martin has filed a lawsuit against his nephew accusing him of extortion, malicious persecution, abuse of law and damages stemming from false allegations that attorneys say cost the singer and actor millions of dollars in lost income Read the Full Story |
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Politics | | | The European Central Bank is set to join the U.S. Federal Reserve in making a jumbo interest rate hike Thursday as it tries to stamp out record inflation — although it risks worsening a recession that economists say is bearing down on Europe.
The meeting of the bank's governing counci... Read the Full Story |
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Tech | | | Clean energy now provides more employment than the fossil fuel industry, reflecting the shift that efforts to tackle climate change are having on the global jobs market, according to a report Thursday.
The International Energy Agency said a post-pandemic jobs rebound in the sector has... Read the Full Story |
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Thursday's Early Bird Stock Of The Day-limited-logo.jpg?v=20221202155455) Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food products, such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks. It offers its products through traditional offline, as well as online channels through Dingdong Fresh app, mini-programs, and third-party platforms. Dingdong (Cayman) Limited was founded in 2017 and is headquartered in Shanghai, China. | | View Today's Stock Pick |
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