Good MorningEquity markets continue to hover within a tight range near record highs. The market is in wait-and-see mode, with a focus on the FOMC. The FOMC is slated to meet next week and is expected to lower interest rates and give color on the policy path in future meetings. The market expects a semi-robust pace of policy easing, with the CME FedWatch Tool forecasting 50 basis points of cuts by the year's end and another 75 to 100 bps by the end of next year.
Economic data could alter the outlook for rate cuts. Three critical reads this week, including the Q3 GDP, the PCE price index, and the non-farm payrolls report, are expected to show economic strength. With economic strength in the picture and inflation falling slowly to the 2.0% target, the FOMC need not cut as quickly as forecast. The risk is sudden economic slowing. The September JOLTs report came in at the weakest levels in years, raising fear of a recession, but remained elevated and strong relative to the pre-COVID levels, aligning with healthy economic conditions. Featured: AI 2.0 – The Next Wave (Weiss Ratings) 
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Some of the market’s biggest blue-chip stocks are not immune to offering discounts to investors; it’s not that often that participants can exploit the short-term nature of these mispricing events, so when they come along, investors need to act fast before others come in to close the ga... Read the Full Story |
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From Our PartnersThey are among the 31 billionaires dumping their stocks at a record pace.
Fortune calls this phenomenon "The Great Cash Out."
And it means YOUR so-called "safe stocks"could get cut in half. | | | | Today, you'll discover the sobering truth. |
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Stocks | | | U.S. stock indexes edged lower Wednesday after drops for Eli Lilly and chip companies overshadowed a jump for Google’s parent company.The S&P 500 slipped 0.3% after drifting between small gains and losses several times, though it’s still near its all-time high set earlier this month. The Dow Jon... Read the Full Story |
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During earnings season, some companies will purposely release very bearish earnings reports, disclosing all the bad news at once. These are referred to as ‘kitchen sink’ quarters, where they "throw out everything but the kitchen sink." Companies will lay all their cards on the table wi... Read the Full Story |
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From Our PartnersTim Sykes - the world’s most apolitical Millionaire trader - just sat down for an urgent election interview…
Breaking down the ONE MOVE you must make before the November 5th election to set yourself up for a prosperous 2025. | | | | Click here to see the surprising reason why |
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Oklo (NYSE: OKLO) is at the forefront of developing advanced nuclear fission power plants and nuclear fuel recycling systems. In just the past month, the stock has jumped over 115%, soaring past every projection made by Oklo’s analyst community. But is the accelerated rise in Oklo&rs... Read the Full Story |
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QuantumScape Co. (NYSE: QS) is a battery technology company that has been developing its next-generation solid-state lithium-metal electric vehicle (EV) battery for nearly 15 years. The auto/tires/trucks sector company is in its final stages before commercialization commences in 2025, when they ... Read the Full Story |
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From Our PartnersFormer advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs…
A predicted Trump would win.
You won’t believe what he’s predicting now. | | | | Click here to see it because it’s a SHOCKER… |
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MicroStrategy (NASDAQ: MSTR) is a business intelligence software company that helps organizations analyze their data to make better business decisions. But in recent years, MicroStrategy’s brand has become synonymous with Bitcoin. The company has been aggressively acquiring the cryptocurre... Read the Full Story |
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Markets | | | British Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.‘s cash-starved public services, as she announced a budget that could set the economic tone for years to come Read the Full Story |
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Markets | | | ByteDance founder Zhang Yiming tops the list of China's richest people, according to the Hurun Research Institute, although many of them have seen their net worth plunge over the past year.The institute, which publishes the annual Hurun China Rich List, found that the total wealth of entrepreneurs o... Read the Full Story |
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Markets | | | A U.S. bankruptcy judge approved a sale of Tupperware Brands on Tuesday, paving the way for the iconic food storage company to soon exit Chapter 11 protection and continue offering its products while undergoing a hoped-for revitalization. The sale given the court’s green light in Delaware still is s... Read the Full Story |
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Markets | | | The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.Wednesday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — di... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, which includes online wire origination, enhanced ACH origination services, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services. It offers equipment and working capital loans; commercial real estate loans comprising investment properties and business loans; secured and unsecured loans, such as installment and term, lines of credit, and residential first mortgage, as well as home equity loans and home equity lines of credit; and credit cards for consumers and businesses. The company also provides investment products; brokerage and investment advisory programs; and fiduciary and investment services, such as personal trust, investment management, estate administration, endowments, foundations, individual retirement accounts, escrow services, and custody. In addition, it offers insurance agency services primarily in the property and casualty area; merger and acquisition advisory services; and private debt, equity and mezzanine, and other middle-market advisory services. Further, the company provides telephone and online banking, mobile banking, debit and credit cards, direct deposit and remote deposit capture, mobile deposit option, automated teller machine, and cash management services. Pinnacle Financial Partners, Inc. was incorporated in 2000 and is headquartered in Nashville, Tennessee. | | View Today's Stock Pick |
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