Good MorningEquity markets continue to advance, although the signs of weakness persist. Wednesday's S&P 500 action included a gap up at the open followed by weakening throughout the day. The S&P 500 set a new high and closed with a gain, but the candle is red and suggests resistance to higher prices remains in the market.
The next market catalyst comes out today, with another major market-moving event tomorrow. Today's news is the initial read on Q4 GDP, which is expected to be positive. Analysts expect GDP to have advanced 2.0% in Q4, and the forecast may be light given the strength in retail sales. Friday's catalyst is the PCE price index, which may also be hot. Regardless, analysts forecast the core PCE price index to accelerate compared to the prior month and keep the FOMC in a hawkish stance. The risk for the market now is that the FOMC will make its first interest rate cut much later than expected, possibly not until Q4 this year or later. Featured: New Trump Bombshell (The Freeport Society) 
|
Markets | | |
Has the effect of growth and hype preference faded off from the 2022-2023 mania in sectors like technology stocks and, more recently, semiconductor and chip makers? Well, hysteria typically looks to pump out its last legs before the economic reality sets in. Today, the FED itself comes to give mar... Read the Full Story |
|
From Our PartnersWith so many strange events happening across the economy (longest bear market for bonds since Civil War... unprecedented bank closures... and soaring prices) – it's no wonder the richest investors are loading up on gold. But what you might not realize is there's a much better way to profit from rising gold prices – without ever touching an ETF, mining stock, or even bullion. | | | | Full details here. |
|
Stocks | | |
Last night saw the S&P 500 index close at a fresh all-time high. It's a remarkable achievement that didn't look as likely as recently as October. But since the prospect of a rate cut became quite real in November, a wave of risk-on sentiment has swept equities.
When stocks trade as bullishly ... Read the Full Story |
|
Markets | | | European Central Bank President Christine Lagarde pushed back Thursday against market expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit that would boost business activity and stock prices.The bank left its benchmark rat... Read the Full Story |
|
From Our PartnersAre you ready to invest in a brighter, greener future? Look no further – the #1 Alternative Energy Stock is here, leading the charge towards sustainable and profitable solutions!
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 your complimentary copy now! |
|
Markets | | |
Microsoft Corporation (NASDAQ: MSFT) recently overtook Apple Inc. (NASDAQ: AAPL) as the world's most valuable company while also setting its all-time high; expectations are high for Apple to make a similar move.
The tech giant last closed at a new record in the first hal... Read the Full Story |
|
Markets | | |
The Netflix Inc. (NASDAQ: NFLX) narrative is not without risk. The company struggled with growth following the COVID-19 bubble, but those days are behind. The story today is leverage, driven by expanding member count, higher prices and ad sales expected to continue in 2024.
T... Read the Full Story |
|
From Our Partners50-year Wall Street Insider Marc Chaikin got invited onto Fox News to talk about A.I. - Here's what he couldn't say on television. | | | | More here. |
|
Markets | | | China has rolled out new rules meant to expand access to commercial bank loans for property developers as Beijing doubles down on its effort to end a prolonged crisis in the real estate industry. The policies will allow real estate companies to use bank loans pledged against commercial properties su... Read the Full Story |
|
Markets | | |
Shares of Logitech International S.A. (NASDAQ: LOGI) fell sharply despite a solid earnings report and improved guidance. The move took share prices to a two-month low, setting up an attractive buying opportunity in this consumer tech play.
The opportunity is reversal. The mar... Read the Full Story |
|
Markets | | | Turkey’s central bank raised its key interest rate by another 2.5 percentage points on Thursday, pressing ahead with a series of hikes aimed at combating inflation that reached nearly 65% in December.The bank brought its benchmark rate to 45%. It's the eighth interest rate hike since President Recep... Read the Full Story |
|
Markets | | | The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households Read the Full Story |
|
Markets | | | CSX's fourth quarter profit slipped 13%, but the railroad hauled slightly more freight and kept its trains running smoothly.The Jacksonville, Florida-based railroad said it earned $886 million, or 45 cents per share, during the quarter. That's down from $1.02 billion, or 49 cents per share, a year e... Read the Full Story |
|
Thursday's Early Bird Stock Of The Day Accolade, Inc., together with its subsidiaries, engages in the development and provision of personalized and technology-enabled solutions that help people to understand, navigate, and utilize the healthcare system and their workplace benefits in the United States. The company offers a platform with cloud-based intelligent technology and multimodal support from a team of advocates and clinicians, including registered nurses, physician medical directors, pharmacists, behavioral health specialists, women's health specialists, case management specialists, expert medical opinion providers, and primary care physicians. It also provides medical opinion services to commercial customers; and navigation, care, and advocacy solutions. In addition, the company offers medical consultations that connect patients to qualified condition-specific specialists for adult and pediatric care; and primary care and mental health support solutions. It serves employers who provide employees and their families a single place to turn for their health, healthcare, and benefits needs. The company was incorporated in 2007 and is headquartered in Seattle, Washington. | | View Today's Stock Pick |
|
