Good MorningEquity markets pulled back on Thursday following a hotter-than-expected inflation report. The PPI index advanced compared to last year, accelerating at the headline level and sustaining a 3.5% at the core, underpinning an expectation for consumer inflation to run hot in December. The takeaway is that FOMC has less need to lower interest rates than ever, and it may surprise the market next week when it meets. With CPI and PPI running hot, they will be hard-pressed to justify a cut, more so a dovish posture for 2025. Investors should expect the Fed to indicate a pause in the lowering cycle at the very least.
The S&P 500 fell about half a percent at the session's low, hovering within a tight two-week trading range. The market is consolidating and digesting the economic data to decide which direction to take next. As big a risk as inflation and higher-for-longer interest rates are, the underlying cause is healthy economic conditions and a resilient consumer, which is no reason for a sell-off. In this scenario, the market's long-term trajectory remains upward regardless of the near-term market movement over the coming weeks. Featured: Did You See Trump's Bombshell Exec. Order 001? (Banyan Hill Publishing) 
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Markets | | | Broadcom (NASDAQ: AVGO) is on the verge of turning the Magnificent Seven into Eight. The Mag Seven are the top U.S. stocks by market cap, all tech names, and the only United States stocks with trillion-dollar market caps. Broadcom was about 17% below that target going into the FQ1 2025 earnings ... Read the Full Story |
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Markets | | | Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market.The S&P 500 ended essentially flat, down less than 0.1%, after wavering between tiny gains and losses most of the day. The benchmark index posted a loss for the week, its first after thr... Read the Full Story |
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Markets | | | SoundHound AI (NASDAQ: SOUN) has been on a tear, with its stock surging 80% in the past month and nearly 200% this quarter. This explosive rally underscores the market’s speculative fervor, with capital pouring into small- to mid-cap stocks in hot themes like AI, nuclear energy, and quantu... Read the Full Story |
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Markets | | | Texas Instruments Incorporated (NASDAQ: TXN) is a name synonymous with innovation in the semiconductor industry. Established in 1930, Texas Instruments (TI) has a long and storied history of adapting to technological advancements and maintaining a leadership position within its sector. TI i... Read the Full Story |
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Markets | | | FinWise Bancorp (NASDAQ: FINW) has emerged as a success story in the fintech banking sector. FinWise Bancorp’s stock price has more than doubled in the last year, going from a low of around $8 to currently over $18.00. This noteworthy accomplishment stemmed from a strategic emphasis ... Read the Full Story |
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Markets | | | A quarterly survey by Japan's central bank shows business sentiment has improved slightly, especially in major heavy industries such as automaking, fossil fuels and machinery, while services industries were less upbeat. The survey released Friday by the Bank of Japan, called the tankan, might influe... Read the Full Story |
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Markets | | | Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge.The rule is part of President Joe Biden administration's campaign to reduce junk fees that hit consumers on everyday purchases, including banking s... Read the Full Story |
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Markets | | | Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing's monetary policy to encourage more investment and consumer spending. Leaders of the ruling Communist Party wrapped up their two-day Central Economic Work Con... Read the Full Story |
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Markets | | | GRAIL (NASDAQ: GRAL) is a small-cap biotechnology company that has gone on a very strong run over the last month and a half. Shares of the healthcare stock are up 58% since Oct. 24, as of the Dec. 11 close. The company has interesting technology that sets it apart from many small biotechs. I'll ... Read the Full Story |
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Markets | | | Moldova's parliament has voted in favor of imposing a state of emergency in the energy sector over fears that Russia could leave the European Union candidate country without sufficient natural gas supplies this winter Read the Full Story |
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