Good MorningEquity markets continue to hover near record highs as the number of days to sell in May dwindles. The S&P 500 fell slightly more than a half percent on Wednesday but remained within the near-term trading range. This range will likely persist until Friday when the PCE index is released, and all bets are off. At that time, the market will know whether inflation is cooling fast enough for the Fed and better understand when the first interest rate cut will come. As it is, the market is holding out hope for a cut this year, and it may be misplaced.
Assuming the PCE index aligns with the Fed cutting rates this year, the S&P 500 could rocket. In that scenario, the broad market index could gain 200 points by late summer and extend the rally to new highs. If not, this market is set up to fall hard. An inflation-induced correction could shave 5% of the market fast and produce a 20% decline by the time it is over. In this scenario, the S&P 500 will return to its trading range and could remain within it for years. Featured: Ether ETF Approval Could Spark an Altcoin MOONSHOT (Crypto 101 Media) 
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As the saying goes, always follow the money. This time, investors can follow the proverbial big players through an options activity screener, spotting unusual trends in how markets are betting. Options on stocks offer an exciting way to bet on the direction – and timing – of an underly... Read the Full Story |
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Short selling is the practice of borrowing securities and immediately selling them in the market, expecting to repurchase them later at a lower price to profit from the price difference. Traditional short selling requires the seller to borrow the securities before selling them, ensuring they can f... Read the Full Story |
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While artificial intelligence (AI) chip maker NVIDIA Co. (NASDAQ: NVDA) garnered the spotlight on its stock surge through $1,000, a retailer that gapped through the $1,000 barrier received less fanfare. The price action appears similar, but these companies are in completely different sectors: comp... Read the Full Story |
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Premium apparel maker Ralph Lauren Co. (NYSE: RL) reported its fiscal Q4 2024 earnings report with lowered guidance, causing a predictability gap in shares the following morning. However, the initial drop to $159.10 reversed as the market reassessed the results, turning sentiment bullish and causi... Read the Full Story |
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Markets | | | The International Monetary Fund has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF's report, issued late Tuesday, said the world's second-largest economy will likely expand at a 5% annual rate this ye... Read the Full Story |
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Markets | | | Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation Read the Full Story |
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Markets | | | The Cleveland branch of the Federal Reserve said Wednesday that Beth Hammack, a former executive at investment bank Goldman Sachs, would be its next president effective Aug. 21. Hammack, 52, worked at Goldman Sachs from 1993 until stepping down earlier this year. She was most recently the cohead of ... Read the Full Story |
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Markets | | | Australian mining giant BHP Group has pledged to invest in South Africa's economy as it seeks support for a 38.6 billion pound ($49.3 billion) bid to acquire Anglo American, which was founded in the country more than a century ago and remains one of its biggest employers Read the Full Story |
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Markets | | | The owner of Britain’s Royal Mail said Wednesday it has accepted a 3.6 billion pound ($4.6 billion) takeover offer from Czech investor Daniel Křetínský.Under the deal, Křetínský’s EP Group would buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share.Including... Read the Full Story |
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Risk tolerance varies from person to person. Some people have no fear of parachuting out of an airline, while others won’t even ride a rollercoaster at a theme park. Everyone is a combination of their own ideas and experiences, which is why topics like risk tolerance are constantly evolving.... Read the Full Story |
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Thursday's Early Bird Stock Of The Day EMCORE Corporation, together with its subsidiaries, designs and manufactures fiber optic gyro, ring laser gyro, and micro electromechanical system-based inertial sensors and systems in the United States and internationally. It offers navigation system and inertial sensing products, such as gyroscopes and multi-axis sensors, inertial measurement units, fiber optic gyroscopes, quartz micro electromechanical systems, inertial navigation systems, tactical navigation, and naval and amphibious navigation, as well as radar positioning and pointing systems, and battlefield/artillery survey systems. The company sells its products through direct sales force, application engineers, third-party sales representatives, and distributors. EMCORE Corporation was founded in 1984 and is headquartered in Alhambra, California. | | View Today's Stock Pick |
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