Good MorningThe S&P 500 advanced Thursday, cheering the Fed's decision to cut rates by fifty basis points. The question is if the market can hold the gains, and the answer is, at best, maybe. While the Fed's decision indicates inflation has cooled, the aggressive pace and outlook raise doubt about current economic health. With labor data softening, the US economy may be on the brink of recession now, and it is too late for the FOMC to stop it.
Risk aside, assuming the Fed has threaded the needle to its soft landing, volatility will likely remain elevated because of sector rotation. With the Fed reducing rates and easing the economic headwind, two years of the S&P 500 winding up on higher rates and the AI bubble are about to unwind in favor of small and mid-cap stocks.
Featured: Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown” (Paradigm Press) 
|
Stocks | | | A record-setting week for Wall Street closed on a quieter note Friday, as U.S. stocks drifted around the highs they hit during a worldwide rally the day before. The S&P 500 slipped 0.2% from its record, and the Nasdaq composite fell 0.4%. The Dow Jones Industrial Average, meanwhile, added 38 poi... Read the Full Story |
|
From Our PartnersHere’s how you can start your very own “Weekend Side Hustle” right from the comfort of your sofa!
It doesn't matter if you have a multi-million dollar retirement account…
Or if you’re just starting out with a few thousand.
And that’s how you can kickstart your very own “Weekend Side Hustle!”
Now that you know that… | | | | Let me show you how I target extra income as early as THIS weekend! |
|
Markets | | |
With the Federal Open Market Committee (FOMC) cutting interest rates by a larger-than-expected 50 basis points in its September meeting, businesses throughout the country will be able to take out loans more cheaply. One intended goal of a rate cut like this is to foster increased profitability thr... Read the Full Story |
|
Markets | | |
Alphabet (NASDAQ: GOOGL), the tech giant behind Google, has seen a recovery in recent days, with shares climbing nearly 6% over the past five days. However, despite this recent bounce, the stock remains down nearly 17% from its 52-week high, weighed down by market rotation and ongoing antitrust ... Read the Full Story |
|
From Our PartnersWelcome to a year of unparalleled opportunities! Dive into our exclusive guide, "9 Stocks Set to Soar," meticulously selected to elevate your portfolio in 2024. Step into 2024 with confidence and the right assets at your fingertips. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time. | | | | [Unlock Your Report Now] |
|
Markets | | |
Investors cautious about the Federal Reserve's September rate cut—confirmed at its mid-month meeting to be a full 50 basis points—and skeptical about the strength of the dollar have flocked to gold, sending the most famous safe haven commodity soaring to record highs. But there is only... Read the Full Story |
|
Markets | | |
Since powering to several all-time highs in June and July, shares of Microsoft Corp (NASDAQ: MSFT) have been struggling to regain momentum. Equities, in general, had a solid first half of the year, but interest rate jitters and a general softening of sentiment towards tech brought about some volat... Read the Full Story |
|
|
Markets | | | Two years ago, food cart worker Fathima Shiyama had to wait in line, sometimes for days, to get cooking gas, fuel and other essentials. It was a test of patience for her and millions of other Sri Lankans as their country languished in economic and political chaos.Since then, under President Ranil Wi... Read the Full Story |
|
Markets | | | The European Union pledged on Friday to lend Ukraine up to 35 billion euros ($39 billion) as part of a loan package organized by the Group of Seven major industrial nations, as it seeks to help the country rebuild its economy and its war-shattered power grid.G7 leaders agreed in June to engineer a $... Read the Full Story |
|
Markets | | | The judge who will decide whether Google holds a monopoly over technology that matches buyers and sellers of online advertising must choose whether to believe what Google executives wrote or what they’ve said on the witness stand Read the Full Story |
|
Markets | | | The Bank of England kept its main interest rate unchanged at 5% Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago.The decision was widely expected amid ongoing concerns about inflation within the bank’s monetary p... Read the Full Story |
|
Markets | | |
Edgewise Therapeutics (NASDAQ: EWTX) is up 50% in a single session and 450% from recent lows for a reason. Its novel, oral, selective treatment for obstructive hypertrophic cardiomyopathy did remarkably well in early trials. The news is important because hypertrophic cardiomyopathy or HCM for shor... Read the Full Story |
|
Friday's Early Bird Stock Of The Day Viridian Therapeutics, Inc., a biotechnology company, discover and develops treatments for serious and rare diseases. The company's product pipeline includes VRDN-001, a monoclonal antibody targeting insulin-like growth factor-1 receptor that is in Phase 3 clinical trial for the treatment of thyroid eye disease (TED); and VRDN-003, a next generation IGF-1R humanized monoclonal antibodies targeting IGF-1R and incorporating half-life extension technology for the treatment of TED. It also provides VRDN-006 a preclinical program for autoimmune disease. In addition, the company offers VRDN-006 and VRDN-008 a preclinical program for autoimmune disease. The company was formerly known as Miragen Therapeutics, Inc. and changed its name to Viridian Therapeutics, Inc. in January 2021.Viridian Therapeutics, Inc. was founded in 2010 and is headquartered in Waltham, Massachusetts. | | View Today's Stock Pick |
|
