Your Evening Recap for Thursday, February 1stEquity markets rebounded on Thursday but failed to make up for the post-FOMC plunge the day before. The market gained more than 1.0% for the day, but a turning point may be at hand. Labor data, including the ADP report on hiring and the Challenger report on firing, suggest a significant economic slowdown. Job gains were weaker than expected, and layoffs surged to the 2nd highest level on record as businesses dug deep to find new ways to cut costs. Today's NFP may tell a different tale. The NFP and ADP do not often track in alignment; the trend in data counts. As it is, the trends suggest some volatility in the labor markets, but conditions are otherwise healthy relative to historical norms. The widely watched initial claims data continues to trend within the 200,000 to 250,000 range associated with labor market strength. The Fed may not be on track to cut rates as soon as the market hoped but the economy is still on track for a soft landing. Featured: Pentagon Consultant—Here's how Biden Wins Landslide Re-election (Altimetry) |
In the ever-fluctuating stock market landscape, navigating bear markets can be a nerve-wracking experience for even the most seasoned individual investors. When stock prices plunge, and economic clouds gather, it's natural to question whether investing during such turbulent times is wise. But if you are a savvy investor, you'll recognize that amidst the chaos lies a wealth of hidden opportunities, including the best stocks for bear market investment. Is it best to buy stocks in a bear market? This burning question has intrigued investors for generations. Contrary to popular belief, a bear market can provide a fertile ground for value-seeking individuals, offering stocks that have been unjustly beaten down but hold immense growth potential. Read The Full Story > | Man who predicted 2023 bank run warns it could soon get worse. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more. |
Meta Platforms Inc_ tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digital advertising as well cost cutting and layoffs in what CEO Mark Zuckerberg called the "year of efficiency." Read The Full Story > |
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