Good MorningEquity markets advanced on Thursday, regaining some ground lost following the FOMC meeting. The market chose to focus on the fact that the FOMC is indicating another rate hike is off the table and that the next move, however long it takes, will be a rate cut. In this environment, the economic outlook is for improvement over the next twelve to eighteen months, which is a positive for equities. The S&P 500 may continue to move higher on Friday.
The risk today is the NFP report. The NFP is expected to show solid job gains and high wage inflation, leaving the FOMC no choice but to keep rates high. The risk is stagflation in this environment, as indicated by the Q1 GDP estimate. Stagflation is a period of low to no growth, rising prices, and tepid consumer spending; equity markets are unlikely to set new highs and hold them until growth accelerates. Featured: 35-year trading vet: "Watch me place one of these "2-step trades" live then make a choice" (DTI) 
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Markets | | | After announcing results for the first quarter of 2024, arguably the most essential release of the year as it sets the tone for any stock, shares of Shake Shack Inc. (NYSE: SHAK) moved higher by as much as 3.8% in the first hours of the trading session. Investors have much to digest in the comp... Read the Full Story >> |
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Stocks | | | Everyone appreciates a good deal, whether it's when buying goods or buying stocks. When it comes to the latter, one of the more popular tools for identifying potential bargains on the stock market is the Relative Strength Index (RSI). The RSI considers a stock's recent performance o... Read the Full Story >> |
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Stocks | | | Wall Street capped a choppy week of trading Friday with the best day for the stock market in over two months, as traders welcomed cooler-than-expected U.S. employment data as a sign that inflationary pressures on the economy are easing.The S&P 500 rose 1.3%, its best day since late February. The... Read the Full Story >> |
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Markets | | | DraftKings (NASDAQ: DKNG) is a prominent player in the online sports entertainment and gaming industry. Draft Kings’ earnings report for the first quarter of 2024 was recently released, showcasing impressive financial performance and solidifying its position as a leader in the rapidly ... Read the Full Story >> |
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Markets | | | The nation's employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market. Friday's government report showed that last month's hiring gain was down sharply from the blockbuster ... Read the Full Story >> |
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From Our PartnersEarlier this year President Biden signed the death warrant for America…
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Markets | | | African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for climate action in Africa Read the Full Story >> |
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Markets | | | Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn't plan to cut interest rates until it has "greater confidence" that pr... Read the Full Story >> |
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Markets | | | The Czech Republic's central bank on Thursday cut its key interest rate for the fourth straight time as inflation dropped and the economy showed signs of recovery.The cut by a half-percentage point brought the interest rate down to 5.25%. The move was expected by analysts.The bank started to trim bo... Read the Full Story >> |
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Stocks | | | Apple Inc. (NASDAQ: AAPL) stock is up more than 6% after the company announced a whopping $110 billion share buyback authorization. In addition to the buyback, Apple rewarded shareholders with a 4% increase to its quarterly dividend. Shareholders of record as of May 13, 2024, will receive a 25-cen... Read the Full Story >> |
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Markets | | | Carvana (NYSE: CVNA) is a renowned online used car retailer known for its innovative approach to car buying. Carvana’s earnings report for the first quarter of 2024 has recently been released, and the report has defied Carvana’s analyst community expectations. After years of prioritizi... Read the Full Story >> |
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