Your Evening Recap for Sunday, January 28thEquity markets continued to advance last week and set a new all-time high. The move was largely driven by the magnificent seven, many of which also set new all-time highs. The risk for traders this week is earnings. The move to new highs is pricing in significant earnings strength for many of these names, including MSFT and Meta Platform, and actual results may not be enough to sustain the rally.
The FOMC is another hurdle facing the market this week. The FOMC will release its next policy adjustment on Wednesday and may choose to make no move at all. The market expects them to make a rate cut by May, so the statement and press conference will be closely watched. Any sign to the contrary could result in a sharp move for the broad market index. Regardless, it looks like the S&P 500 will close out January at a new high foreshadowing additional highs this year. Featured: Boost Your Portfolio with This Ultra Low-Priced Uranium Stock (Resource Stock Digest) |
 The rise of meme stocks was one of the biggest stories during the volatile markets of 2020 and 2021. While many stocks saw unexpectedly impressive gains as the COVID-19 pandemic raged, the meme stocks were going parabolic thanks to a combination of government money, irrational enthusiasm and social media virality. But most meme stocks faded as rates began to rise and the federal money spigot turned off. Do meme stocks still exist? Yes! But the best meme stocks to buy now might not be the ones that rose to prominence in 2021. In this article, you'll learn the history of m... Read The Full Story > | Barack Obama's confession about the 2024 election just leaked online…
In short, he's worried Biden "could very well lose."
But before you think that means Trump will win…
You should see the evidence I've found about an election shock that could come as soon as August 19th. Click here to see my 2024 election prediction. |
 The Federal Reserve's preferred inflation gauge cooled further 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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