Good MorningEquity markets continued to advance into all-time-high territory following the initial reading of Q4 GDP. The read came in hotter than expected, which is good news at face value but poses a risk for the market. The economy continues to be resilient despite high FOMC interest rates and is sustaining higher-than-wanted inflation. The GDP included cooler inflation data, but it is rear-looking. The more important inflation data is due today may tell a different tale.
Analysts expect the PCE price index to show core inflation accelerate compared to the prior month. If so, it will confirm the suspicion that inflation is not tamed and the FOMC will keep rates higher for longer than is currently expected. This means the FOMC may not make the first rate cut until later in the year, raising the risk of damaging the system and sparking a recession. Until then, the trend in the S&P 500 is upward and not likely to end without a change in the fundamentals. Featured: Gold is SOARING – here's what you need to do (Stansberry Research) 
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Stocks | | | Lately, the major domestic stock indices are getting into a habit of setting fresh all-time highs. Unwavering hopes of aggressive Federal Reserve interest rate cuts in 2024 have pushed the Dow, S&P 500 and Nasdaq-100 to record levels ahead of this week’s key economic data releases &mdas... Read the Full Story >> |
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Markets | | | Lockheed Martin Corporation (NYSE: LMT) and RTX Corporation (NYSE: RTX) are moving in opposite directions following their Q4 reports, suggesting one market is a buy and the other a sell. However, the details within the reports don't live up to that expectation; instead, they ... Read the Full Story >> |
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Markets | | | China's leaders launched a barrage of new policies this week to prop up languishing financial markets and rekindle growth in the world's second-largest economy. The moves to support lending and spending with billions of dollars of fresh cash gathered pace when the central bank cut bank reserve requi... Read the Full Story >> |
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Markets | | | Wall Street has high expectations for Palantir Technologies Inc. (NYSE: PLTR) when it reports fourth-quarter and full-year results on February 5. The data analysis and data-mining software maker is forecast to earn eight cents a share on revenue of $603.48 million for the fourth quarter.... Read the Full Story >> |
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Stocks | | | How fitting that Thursday night’s full moon was also referred to as the ‘wolf moon.’ U.S. stock indices howled to fresh all-time highs this week as the first full moon of 2024 lit up the evening sky. A better-than-expected fourth quarter GDP report brightened investors&rsq... Read the Full Story >> |
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From Our PartnersYou could soon get a strange package from the Federal Government. It's part of the biggest overhaul to our money in decades. And it could change your life (and retirement) in ways that'll surprise you. | | | | Full story here. |
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Markets | | | Wall Street ticked modestly lower early Friday but remains on track to close out the opening week of earnings season with gains ahead of a fresh batch of inflation data from the U.S. government.Futures for the S&P 500 and Dow Jones industrials each inched down less than 0.1% before the bell.Inte... Read the Full Story >> |
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Markets | | | Treasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administration's economic agenda and offer a reminder of the Trump administration tax cuts, which she says added to the deficit and did little to promote investment Read the Full Story >> |
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Markets | | | ASML Holding N.V. (NASDAQ: ASML) did not give the guidance that suggests its share price could rise 100% unless you consider the guidance cautious. In that case, the guidance for flat revenue in 2024 catalyzes the market and is a force that has yet to play out. Because ASML business is su... Read the Full Story >> |
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Markets | | | The Federal Reserve's preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship Read the Full Story >> |
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Markets | | | Union Pacific's fourth-quarter profit crept up 1% as the railroad delivered more fertilizer, imported goods and chemicals.The Omaha, Nebraska-based railroad said it earned $1.65 billion, or $2.71 per share, in the quarter. That's up slightly from $1.64 billion, or $2.67 per share, a year earlier. Th... Read the Full Story >> |
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The Early Bird Stock Of The DayFriday: Stock With Insider Buying Talos Energy Inc., through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration activities. Talos Energy Inc. was founded in 2011 and is headquartered in Houston, Texas. | | View Today's Stock Pick |
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