Good MorningEquity markets held within a tight range on Wednesday while investors waited on the NFP report and tried to handicap the odds of another FOMC interest rate hike. The minutes of the last meeting were released in the early afternoon and suggest the Fed will continue to hike rates but at a slower pace than before. This is consistent with the idea the Fed will hike rates by more than an additional 25 basis points but only 1 25 basis point hike per meeting if that much. What this means for the economy is more pressure and higher costs that should send consumer demand into retreat.
The NFP report is due out on Friday. It is expected to show job growth decelerate from the previous month but hold strong near 250,000. While the headline figure will be important, the revisions are also important to note, as is the wage data. The average hourly wage gains are expected to cool slightly to 4.3% YOY which is still hot and underpinning general inflation. The takeaway is that the Fed's job is not finished, and it still has a fight on its hands. Featured: "Chilling War Games Show US Forces Crushed" – FOX NEWS (Behind the Markets) 
|
Stocks | | |
The Russell 2000 Index (INDEXRUSSELL: RUT) is a market index made up of 2,000 small-cap companies. The companies in the index make up the bottom two-thirds of company size in the Russell 3000 index. In the first half of 2023, the Russell 2000 is up about 6.4%.
That’s far below the pe... Read the Full Story |
|
From Our Partners=== BREAKING === U.S. Loses to China in Shocking WAR GAMES Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon. Get the name of the stock here >>> | | | | Get the name of the stock here |
|
Stocks | | |
After the collapse of Silicon Valley Bank (NASDAQ: SIVB) a few months ago, regional and larger banks across the United States saw their stocks decline as a systematic reaction to the news. As is a typical procedure, the larger banks responsible for a more significant share of the America... Read the Full Story |
|
Markets | | |
The phrase “cash is king” can mean several different things depending on perspective.
To a local restaurant that only accepts cash payments, ‘cash is king.’ To investors in an overheated stock market, a ‘cash is king’ strategy keeps money on the sidelines... Read the Full Story |
|
From Our PartnersConsidering the prevailing market conditions, adopting a strategic mindset becomes increasingly vital. As the market experiences a downturn, it lays the foundation for acquiring discounted stocks.
By clicking link you are subscribing to The Darwin Investor Network and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.
| | Download our Free Report to See |
|
Markets | | |
National Beverage Corp. (NASDAQ: FIZZ) stock has outperformed other beverage companies since the pandemic bottom and even in 2023, but that is about to change. The company offers little reason to buy its stock and every reason to sell, or at least to stay out of the market, which will cap any gain... Read the Full Story |
|
Markets | | | Asian stock markets sank Wednesday after a measure of Chinese service industry activity fell to its lowest level this year.Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices were mixed.U.S. markets were closed Tuesday for a holiday.A service industry index by a leading Chinese business maga... Read the Full Story |
|
From Our PartnersPlease, pay close attention because if your bank is on this “blacklist” with 110 banks, your entire life savings could be at risk.
According to this famous banker, you must move your cash before July 26… | | | | PREPARE NOW. |
|
Markets | | | Asian stock markets sank Wednesday after a survey showed Chinese industrial activity weakening.Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices were mixed.U.S. markets were closed Tuesday for a holiday.An index of service industry activity by a leading Chinese business magazine, Caixin, w... Read the Full Story |
|
Markets | | | Global stock markets were mostly higher Tuesday after Australia's central bank kept its key lending rate unchanged and Wall Street hit a 15-month high.London, Shanghai, Paris and Hong Kong advanced. Tokyo declined. Oil prices rose after Saudi Arabia and Russia said they are extending cuts to the amo... Read the Full Story |
|
Markets | | |
Rivian Automotive (NASDAQ: RIVN) has been on an impressive run lately. Over the last month, shares of the EV automaker are up 36.40%. Just several days ago, the stock was negative YTD. However, after the recent surge higher, shares are now in the positive, up 6.13% YTD. Up close to 20% over the la... Read the Full Story |
|
Markets | | | Homeowners and renters in the U.K. faced further grim news Tuesday as mortgage rates hit levels not seen since unfunded tax cuts announced by the government last fall spooked investors.With the Bank of England raising interest rates to a 15-year high of 5% to battle high inflation, it's natural for ... Read the Full Story |
|
Markets | | | Some Federal Reserve officials pushed to raise the Fed’s key interest rate by one-quarter of a percentage point at their meeting last month to intensify their fight against high inflation, though the central bank ultimately decided to forgo a rate hike Read the Full Story |
|
Thursday's Early Bird Stock Of The Day Stitch Fix, Inc. sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc. in October 2011. Stitch Fix, Inc. was incorporated in 2011 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
|
