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: The Elites Are Waging War on Elon Musk — Here's Why… (Porter and Company) 
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Stocks | | | The meme stock mania of 2021 shocked stock market investors on the way up but buried them on the way down. The poster child that spawned the meme stock craze was video game retailer GameStop, as it short-squeezed from $19 up to $483 in weeks. This mover caused many hedge funds to blow out as ... Read the Full Story >> |
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Stocks | | | If you're like most traditional investors, you were probably first exposed to meme stocks during the great GameStop bull run of January 2021. While GameStop showcased the power of social media sentiment to influence the market, it isn't the only investment that users are meme-ing — includin... Read the Full Story >> |
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Stocks | | | 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 socia... Read the Full Story >> |
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Markets | | | Shares of Snowflake Inc. (NYSE: SNOW), a cloud-based data storage, computing, and analytics company, have been impressive lately, with its stock rising almost 50% over the previous three months. Over the previous year, its stock has risen close to 40%, steadily climbing over the months... Read the Full Story >> |
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Stocks | | | Wall Street closed out its latest winning week with a mixed finish on Friday, as drops for technology stocks dragged on the market.The S&P 500 slipped 3.19 points, or 0.1%, to 4,890.97. It's the first decline for the index after a six-day winning streak led it to set record highs for five straig... Read the Full Story >> |
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From Our PartnersA shocking leak has revealed tech giant Microsoft plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, and MORE. The coupling of gaming and cryptocurrency could transform digital finance as we know it. Join our experts to hear their top picks and predictions for the upcoming 2024 crypto bull run. | | Claim your free seat by clicking here now. |
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Markets | | | Retailers and retail-related stocks are among the top performers in the Consumer Discretionary Select Sector SPDR Fund (NYSEARCA: XLY). However, that's faint praise: Retail stocks have lagged in the broader market and their sector. Walmart Inc. (NYSE: WMT) and Costco Wholesal... 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 | | | 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 | | | 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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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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