Good MorningEquity markets started the second quarter on weak footing, falling about 0.3% for the day. The move is due to concern about rising interest rates as the yield on the ten-year treasury surged to a two-week high and near the highest levels since late 2023.
The rise in yield is caused by receding expectations for the Fed to cut rates this summer. The latest data hasn't been cooperative, and the odds of a cut are falling. The latest read on the CME's FedWatch Tool shows only a 50/50 chance for a single twenty-five basis point cut by July, and the date may get pushed back further if subsequent data is hot.
The risk for markets this week is the labor market. The labor market data is expected to show some volatility in job openings and layoffs. Still, net results should favor a healthy economic outlook and the idea the FOMC will keep interest rates higher for longer. The critical data will be hourly wages, which have been rising at an above-4% pace for over three years. Featured: 2024's Must-Have Guide: Master Crypto Investment Today (Darwin) |
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The United States economy just entered into a new cycle. Because markets shift according to their six to nine-month expectations, three stocks in the consumer discretionary sector are leading the way in this new rotation. Now that the Federal Reserve (the Fed) has announced its intentions to cut i... Read the Full Story |
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As the first quarter unfolded, the semiconductor sector's resounding success has dominated the stock market narrative, propelling the broader market nearly 10% higher. However, a notable shift occurred as the quarter drew to a close. Defensive sectors like utilities and consumer staples began to g... Read the Full Story |
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Among Marketbeat’s numerous investor resources are screener pages seeking hard-to-find investments. One of those tools is the screener page for Cheap Dividend Stocks, which is a veritable treasure trove of candidates. It roots out stocks trading within 20% of their 52-week lows that pay 3% o... Read the Full Story |
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The Q1 reporting season brought mixed results from tech stocks for Q4. The ultimate takeaway is that digitization continues, cloud growth accelerates, and AI drives a robust outlook. The problem was that greed led analysts and markets to overrun reality and price in every bit of possible growth be... Read the Full Story |
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Stocks | | Less than a week after a flashy stock market debut, Donald Trump's social media company on Monday disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%.Losses in 2023 for Trump Media & Technology Group — whose flagship product is Truth Social — mark a st... Read the Full Story |
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Stocks | | Most U.S. stocks slipped Monday after a surprisingly strong report on U.S. manufacturing cast doubts on how much interest rates can ease this year. The S&P 500 dipped 10.58 points, or 0.2%, from its all-time high to finish at 5,243.77. The Dow Jones Industrial Average dropped 240.52 points, or 0... Read the Full Story |
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Markets | | Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5% this year from 5.1% in 2023, the World Bank said in a report released Monday.Debt, trade barriers and policy uncertainties are dulling the region’s economic dynamism and governments need to do mo... Read the Full Story |
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Markets | | Global stocks were mixed on Tuesday after Wall Street retreated as surprisingly strong U.S. manufacturing data cast doubts over how soon the Federal Reserve might cut interest rates. European markets opened mostly higher, but Germany’s DAX then slipped, losing 0.1% to 18,525.79. In Paris, the CAC 40... Read the Full Story |
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There are less than two weeks until the peak of the Q1 earnings reporting season gets underway, and it looks like it could be a good one. Several factors suggest the market rally can continue through the end of the period and perhaps until the end of the year. Among them are the fact that earnings... Read the Full Story |
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Markets | | A key Japanese central bank report said Monday that sentiment among big manufacturers has sagged but that optimism is at a three-decade high among large business outside the manufacturing sector.The Bank of Japan's “tankan” report said sentiment among large manufacturers, which include auto and elec... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day The Gap, Inc. operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls. The company offers its products through company-operated stores, franchise stores, websites, and third-party arrangements. It has franchise agreements to operate Old Navy, Gap, Banana Republic, and Athleta stores and websites in Asia, Europe, Latin America, the Middle East, and Africa. The Gap, Inc. was incorporated in 1969 and is headquartered in San Francisco, California. | View Today's Stock Pick |
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