Good MorningEquity markets tread water below a critical resistance target on Tuesday while traders and investors waited for today's release of the CPI data. The CPI data is expected to show cooling inflation but may not be enough to reinvigorate the rally. The best-case scenario is for as-expected data, which aligns with the outlook for FOMC interest rate cuts, sector rotation, and stock market volatility. The worst-case scenarios include cooler-than-expected and hotter-than-expected inflation, which would raise fear of recession in the first case and fear of higher-for-longer interest rates and increase the risk of a recession in the other.
As important as the CPI data is, the big hurdle for equities is next Wednesday when the FOMC issues its policy statement. The expectation for rate cuts is high and may not match the reality of what the Fed is willing to give. Although there are signs of economic weakening, they are spotty and offset by strengths, including a growing labor market, low unemployment, and an expanding services sector. Featured: Kamala’s Promise Will Kill America (Revealed) (Banyan Hill Publishing) 
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Stocks | | U.S. stock indexes stormed back from big early drops on Wednesday to finish higher, led by a handful of influential Big Tech companies.The S&P 500 rallied 1.1% after erasing a morning wipeout of 1.6%, one where almost every stock within the index had been falling. A majority of the index’s stock... Read the Full Story |
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The stock market occasionally offers investors an unfair risk-to-reward setup to take advantage of some of the best and most stable stocks. Today, there’s no apparent recession or systemic discount across the market. Still, some stocks have traded at such low valuations that the potential op... Read the Full Story |
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Shares of Palantir Technologies Inc. (NYSE: PLTR) have climbed more than 14% after the announcement that the company will be included in the rebalancing of the S&P 500 index. The announcement came after the market closed on Friday, September 6, sending the stock sharply higher. In addition t... Read the Full Story |
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Stocks | | U.S. stocks drifted to a mixed finish on Tuesday following several weeks of sharp swings.The S&P 500 rose 0.4% to pull within 3% of its record set in July. It flipped between small gains and losses through the day, but the moves were nothing like its careens since the summer, driven by worries a... Read the Full Story |
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As the S&P 500 settles from last week’s volatility, investors may be looking for safety or some fundamental reason to shift into a particular area of the stock market. They don’t have to do the hours of work and research necessary to find these places, as some of Wall Street’... Read the Full Story |
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Oracle (NYSE: ORCL) will have to triple in value to hit the $1 trillion mark and have a valuation on par with today’s Magnificent 7, but it can do it. Its FQ1/CQ3 results reveal its growing importance to Internet infrastructure, the cloud, and AI, which is accelerating revenue and earnings... Read the Full Story |
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Investors often think of the start of autumn as a time of increased volatility for the market due to a phenomenon known as the "September Effect," a historically-verifiable trend in which the market tends to underperform compared to other months out of the year. While it's unclear what exactly cau... Read the Full Story |
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Stocks | | This week the Federal Reserve is likely to cut its main interest rate for the first time in more than four years. It's a momentous move, but savers have been feeling the squeeze for months.Financial markets and banks try to get ahead of such moves by the Fed, and yields have been dropping on everyth... Read the Full Story |
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Markets | | Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to keep CEO Robert Jordan in a partial concession to hedge fund Elliott Investment Management, which has been pushing for changes at the airline including Jordan’s ouster.Southwest said Tuesday that six d... Read the Full Story |
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Markets | | China’s exports grew for a fifth consecutive month, in a sign of growing demand abroad even as imports fell amid a slowing Chinese economy.Exports in August expanded by 8.7% to $308.65 billion compared to the same period last year, according to data released by China’s customs office Tuesday, beatin... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies. | View Today's Stock Pick |
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