Good MorningThe sell-off in equities gained momentum on Wednesday, with the S&P down another half percent. The move is due to the growing certainty the FOMC won't cut interest in Q1 or even in Q2. As is, higher-for-longer means June or later and later is a significant possibility. Inflation has subsided, but recent data suggests a trough in the data is forming that could leave high rates in place through the end of the year.
The S&P 500 is struggling with resistance and may be unable to move higher. Even if Q4 earnings are better than expected, the outlook for EPS growth this year is expected to deteriorate. That situation could leave the index range bound with a chance of selling off sharply. Without a bullish catalyst, the odds are high that January will end with equities flat to down, signaling a lackluster year for stocks in 2024. Featured: The Gold Story No One's Telling (Stansberry Research) 
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Airlines were an epicenter industry during the pandemic, along with the travel and leisure industries. The need to stop the spread of COVID-19 warranted social distancing and stay-at-home restrictions, causing many industries to shut down as customers stayed home and workers were required to stay ... Read the Full Story |
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The days of open outcry commodity trading are nearly extinct, as most of today's trading takes place behind a desk and through online brokerages. However, the traders that ascended from these pits took with them some of the same principles that they learned at places like Chicago, where most optio... Read the Full Story |
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Good traders ride the trend; they were the ones who came up with the saying, "The trend is your friend."
While they may successfully ride the waves in the big market movers, those who take on the so-called "pain trades" write home about the stupidly massive amounts of money t... Read the Full Story |
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A downgrade isn't necessarily bad, just like an upgrade isn't always a reason to buy.
Sometimes, downgrades or downward revisions to price targets are a natural and healthy part of market mechanics. In that scenario, a trimmed target may impact the price action today but set up a buying opp... Read the Full Story |
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Markets | | | When preparing a winning meal, careful selection of the right ingredients is paramount. The same can be said about building a winning investment portfolio.
Once a money-making strategy has been established, the next step is to choose investment vehicles that are built to take you where you want to ... Read the Full Story |
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Markets | | | Lawmakers in the United States and the United Kingdom are urging the Securities and Exchange Commission not to allow JBS, the world’s largest meatpacking company, to be listed on the New York Stock Exchange Read the Full Story |
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Markets | | | .Job gains and raises helped power solid economic growth in the U.S. last year, but what if those gains were a mirage? The Labor Department overestimated job gains last year by about 13%. That suggests some of Wall Street’s optimism last year was built on sand. A weaker employment market means a weaker case for consumer spending to keep propping up the economy. Read the Full Story |
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Stocks | | | Spirit Airlines hasn’t made money since before the pandemic, ticket sales haven’t bounced back as quickly as the carrier expected, and dozens of its planes will be grounded at times this year because of a problem with the engines.A sale to JetBlue represented a lifeline for Spirit, which faces $1.1 ... Read the Full Story |
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Markets | | | On the first business day of the new year, Missouri Treasurer Vivek Malek began accepting applications for about $120 million of state-subsidized, low-interest loans to small businesses, farmers and affordable housing developers.Within six hours, Malek had so many requests for the money that he had ... Read the Full Story |
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Markets | | | The Consumer Financial Protection Bureau has proposed new rules that would lower overdraft fees, with President Joe Biden calling the charges “exploitative.” Currently, the fee for overdrawing a bank account averages more than $26.If a bank temporarily lends a consumer money when their account has r... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Vision Marine Technologies Inc. designs, develops, manufactures, sells, and rents electric boats in Canada, the United States, and internationally. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; maintenance, repair, and customer support services; as well as manufactures customized boats. The company also provides its products through website and distributors. It serves original equipment manufacturers, retail customer, boat clubs, and boat rental operations. The company was formerly known as Riopel Marine Inc. and changed its name to Vision Marine Technologies Inc. in April 2020. Vision Marine Technologies Inc. was founded in 1995 and is headquartered in Boisbriand, Canada. | | View Today's Stock Pick |
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