Good MorningEquity markets continued to advance into all-time-high territory following the initial reading of Q4 GDP. The read came in hotter than expected, which is good news at face value but poses a risk for the market. The economy continues to be resilient despite high FOMC interest rates and is sustaining higher-than-wanted inflation. The GDP included cooler inflation data, but it is rear-looking. The more important inflation data is due today may tell a different tale.
Analysts expect the PCE price index to show core inflation accelerate compared to the prior month. If so, it will confirm the suspicion that inflation is not tamed and the FOMC will keep rates higher for longer than is currently expected. This means the FOMC may not make the first rate cut until later in the year, raising the risk of damaging the system and sparking a recession. Until then, the trend in the S&P 500 is upward and not likely to end without a change in the fundamentals. Featured: Gold is SOARING – here's what you need to do (Stansberry Research) 
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Retail banking has gone through a digital transformation over a decade or two. The advent of mobile banking has been the key driver of thinning foot traffic at physical bank branch locations, resulting in the perpetual closure of bank branch offices as more consumers migrate to online and digital ... Read the Full Story |
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From Our PartnersIn July of this year, the US government made a sweeping change to bank accounts nationwide. It gave them unheard-of powers to control your bank account. They can now closely track every transaction. They could even freeze it. Unless you protect yourself today. Fortunately, there are 3 simple steps you can take to safeguard your savings. | | | | Discover these 3 simple steps here. |
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Few buzzwords have garnered more attention in the financial services industry lately than "fintech." Every week, a new finance product or startup seems to be attempting to utilize automation, artificial intelligence, or data analysis to serve clients better.
But what are fintech companies e... Read the Full Story |
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Stocks | | |
Semiconductor stocks are on a long-term uptrend that began on October 22, with analysts seeing more room for the sector to run.
Plenty of recent developments have investors smashing the "buy" button.
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) stock gapped up nearly 10% on Janu... Read the Full Story |
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Markets | | |
Bank stocks and other financials tracked in the Financial Select Sector SPDR Fund (NYSEARCA: XLF) are rallying to two-year highs, with Discover Financial Services (NYSE: DFS) among the leaders.
Heavily weighted sector components Berkshire Hathaway Inc. (NYSE: BRK.B) and JPMorgan Chase &... Read the Full Story |
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Stocks | | | Wall Street closed out its latest winning week with a mixed finish on Friday, as drops for technology stocks dragged on the market.The S&P 500 slipped 3.19 points, or 0.1%, to 4,890.97. It’s the first decline for the index after a six-day winning streak led it to set record highs for five straig... Read the Full Story |
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From Our PartnersYou could soon get a strange package from the Federal Government. It's part of the biggest overhaul to our money in decades. And it could change your life (and retirement) in ways that'll surprise you. | | | | Full story here. |
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Markets | | | Every election year, investors rush to make bets in financial markets on what they think will happen. Policies from Washington, after all, have a big impact on the economy from corporate tax rates to subsidies for certain industries. But hoping to make a profit off such hunches may be more foolish t... Read the Full Story |
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Markets | | | China’s leaders launched a barrage of new policies this week to prop up languishing financial markets and rekindle growth in the world’s second-largest economy. The moves to support lending and spending with billions of dollars of fresh cash gathered pace when the central bank cut bank reserve requi... Read the Full Story |
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Markets | | |
Wall Street has high expectations for Palantir Technologies Inc. (NYSE: PLTR) when it reports fourth-quarter and full-year results on February 5. The data analysis and data-mining software maker is forecast to earn eight cents a share on revenue of $603.48 million for the fourth quarter.... Read the Full Story |
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Markets | | | Treasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administration’s economic agenda and offer a reminder of the Trump administration tax cuts, which she says added to the deficit and did little to promote investment Read the Full Story |
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Markets | | | Union Pacific's fourth-quarter profit crept up 1% as the railroad delivered more fertilizer, imported goods and chemicals.The Omaha, Nebraska-based railroad said it earned $1.65 billion, or $2.71 per share, in the quarter. That's up slightly from $1.64 billion, or $2.67 per share, a year earlier. Th... Read the Full Story |
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Friday's Early Bird Stock Of The Day Talos Energy Inc., through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc. was founded in 2011 and is headquartered in Houston, Texas. | | View Today's Stock Pick |
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