Good MorningEquity markets advanced on Monday, setting the S&P 500 up for an 8th consecutive week of gains. The move took the index up about 0.75% at the session's high to set a new multi-year high just shy of the current all-time high. Because the market continues to show resilience and momentum in the face of high interest rates and inflation, it should be expected to continue higher. The question is what the market will do once the all-time high is reached.
The primary market-moving event for the week is the PCE price index, due on Friday. The index is expected to confirm slowing inflation by posting the lowest pace in three years since the inflation surge began. The risk now is that inflation will cool faster than expected and lead the market to another extreme, an extreme in which disinflation and deflation lead to recession. Assuming the data is as expected, Santa Claus should come to town for the traditional Santa Claus Rally. Featured: We're In The Final Inning Of America's First-Ever Cash Bubble (Tradesmith) 
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Stocks | | | The investor-led $5.8 billion bid for the acquisition of Macy's Inc. (NYSE: M) sent the company's shares soaring over 20%. Retailer stocks in the consumer discretionary sector spiked as well. While nothing has developed from the rumor, the market continues to keep shares elevated, perhaps due to b... Read the Full Story >> |
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Tech | | | The computer and technology sector is constantly evolving as companies rise and fall with each new trend and innovation. It's common to see former leaders and high flyers flame out as new leaders emerge and take over the reins. It's much less common to see former leaders emerge from the ashes and ... Read the Full Story >> |
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Stocks | | | One of the most common New Year's resolutions is to lose weight. That makes this a good time to consider fitness stocks as additions to your portfolio in 2024. Of course, that also means you'll be looking at retail stocks, which have been under pressure as consumers become more discerning about di... Read the Full Story >> |
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Markets | | | Apple Inc. (NASDAQ: AAPL) is one of the most hotly debated stocks for investors to consider. Nearly everybody believes that Apple is one of the most well-run companies among technology stocks. The debate arises when deciding whether Apple's best days are behind it. The bears will point to the comp... Read the Full Story >> |
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Stocks | | | The BEV battery electric vehicle market isn’t extinct or even dying. Still, several developments suggest that it has matured quicker than expected, demand is less than forecast, and the hybrid vehicle market is getting a lift. This means that OEMs are turning away from their EV plans and ref... Read the Full Story >> |
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Markets | | | Asian shares were mixed Tuesday after a seven-week winning streak on Wall Street cooled. U.S. futures were flat and oil prices edged higher. Tokyo's Nikkei 225 index gained 0.9% to 33,063.00 after the Bank of Japan kept its ultra-lax monetary policy unchanged, as expected. The dollar rose against th... Read the Full Story >> |
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Markets | | | World shares were mostly higher on Tuesday after a seven-week winning streak on Wall Street cooled. Germany's DAX gained 0.4% to 16,710.29 and in London, the FTSE 100 was up 0.3% at 7,634.05. In Paris, the CAC 40 slipped 2 points to 7,567.01. The futures for the S&P 500 and the Dow industrials b... Read the Full Story >> |
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Markets | | | The Bank of Japan kept its longstanding easy credit policy unchanged on Tuesday, saying it will watch price and wage trends before raising its negative benchmark interest rate. The BOJ policy decision was widely expected. But investors and analysts believe the central bank is tip-toeing toward a shi... Read the Full Story >> |
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Markets | | | Japan's Prime Minister Fumio Kishida pledged to lead efforts to simultaneously achieve decarbonization, economic growth and energy security in Asia, an ambitious goal he set Monday at a regional climate summit attended by Southeast Asian leaders. Kishida told the summit of the Asia Zero Emission Com... Read the Full Story >> |
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Markets | | | Germany's economy is likely to shrink again slightly in the current fourth quarter, the country's central bank said Monday, while a survey showed business confidence retreating unexpectedly.Europe's biggest economy contracted by 0.1% in the third quarter after growing by the same amount in the previ... Read the Full Story >> |
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The Early Bird Stock Of The DayTuesday: Stock Being Upgraded Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and b... | | View Today's Stock Pick |
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