Good MorningEquity markets tread water below a critical resistance target on Tuesday while traders and investors waited for today's release of the CPI data. The CPI data is expected to show cooling inflation but may not be enough to reinvigorate the rally. The best-case scenario is for as-expected data, which aligns with the outlook for FOMC interest rate cuts, sector rotation, and stock market volatility. The worst-case scenarios include cooler-than-expected and hotter-than-expected inflation, which would raise fear of recession in the first case and fear of higher-for-longer interest rates and increase the risk of a recession in the other.
As important as the CPI data is, the big hurdle for equities is next Wednesday when the FOMC issues its policy statement. The expectation for rate cuts is high and may not match the reality of what the Fed is willing to give. Although there are signs of economic weakening, they are spotty and offset by strengths, including a growing labor market, low unemployment, and an expanding services sector. Featured: Kamala’s Promise Will Kill America (Revealed) (Banyan Hill Publishing) |
Markets | | The stock market occasionally offers investors an unfair risk-to-reward setup to take advantage of some of the best and most stable stocks. Today, there’s no apparent recession or systemic discount across the market. Still, some stocks have traded at such low valuations that the potential op... Read the Full Story |
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Markets | | Shares of Palantir Technologies Inc. (NYSE: PLTR) have climbed more than 14% after the announcement that the company will be included in the rebalancing of the S&P 500 index. The announcement came after the market closed on Friday, September 6, sending the stock sharply higher. In addition t... Read the Full Story |
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Stocks | | U.S. stocks drifted to a mixed finish on Tuesday following several weeks of sharp swings.The S&P 500 rose 0.4% to pull within 3% of its record set in July. It flipped between small gains and losses through the day, but the moves were nothing like its careens since the summer, driven by worries a... Read the Full Story |
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Markets | | As the S&P 500 settles from last week’s volatility, investors may be looking for safety or some fundamental reason to shift into a particular area of the stock market. They don’t have to do the hours of work and research necessary to find these places, as some of Wall Street’... Read the Full Story |
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Markets | | Oracle (NYSE: ORCL) will have to triple in value to hit the $1 trillion mark and have a valuation on par with today’s Magnificent 7, but it can do it. Its FQ1/CQ3 results reveal its growing importance to Internet infrastructure, the cloud, and AI, which is accelerating revenue and earnings... Read the Full Story |
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Stocks | | Investors often think of the start of autumn as a time of increased volatility for the market due to a phenomenon known as the "September Effect," a historically-verifiable trend in which the market tends to underperform compared to other months out of the year. While it's unclear what exactly cau... Read the Full Story |
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Markets | | Global shares traded mostly lower Wednesday after Wall Street drifted to a mixed finish. France's CAC 40 added 0.3% in early trading to 7,429.55, while Germany's DAX rose 0.4% to 18,340.84. Britain's FTSE 100 fell 0.4% to 8,202.70. U.S. shares were set to drift lower with Dow futures at 40,667.00, d... Read the Full Story |
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Markets | | Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to keep CEO Robert Jordan in a partial concession to hedge fund Elliott Investment Management, which has been pushing for changes at the airline including Jordan’s ouster.Southwest said Tuesday that six d... Read the Full Story |
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Markets | | China’s exports grew for a fifth consecutive month, in a sign of growing demand abroad even as imports fell amid a slowing Chinese economy.Exports in August expanded by 8.7% to $308.65 billion compared to the same period last year, according to data released by China’s customs office Tuesday, beatin... Read the Full Story |
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Markets | | East Timor is at an energy development crossroads. While the small Southeast Asian nation — and one of the world's youngest countries — has made international and domestic pledges to reduce its carbon footprint through untapped solar and other renewable energy potential, it faces a looming economic ... Read the Full Story |
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Wednesday's Early Bird Stock Of The DayAres Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also c... | View Today's Stock Pick |
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