Equity markets tried to rebound on Thursday, but the move was weak and short-lived. The S&P 500 gained about a half percent at the session’s high but closed the day with a loss of 0.35%. The move may turn into a deeper rout today following the NFP report. If it aligns with labor data released this week, it will reaffirm the idea that the FOMC will keep interest rates higher for longer. In this scenario, the FOMC is on track to cut rates in 2023, but when and why are yet to be seen. As it is, the first cuts aren’t likely until later in the year.
Next week starts peak earnings season, but don’t get too excited yet. The reports will come out in dribbles until Friday, when reports from the big banks are due. The general expectation is that banks generate solid profits due to higher interest rates and can sustain capital returns. The question is how the consumer is holding up. If the banks reveal a weakened or weakening consumer, the sell-off in equities could gain momentum regardless of bank earnings.
Bank of America has come a long way since its humble beginnings. It has grown from a single branch to over 3,900 financial centers and 15,000 ATMs. It serves over 69 million customers with 57 million verified digital users. While primarily serving customers in the U.S., Bank of America also…
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Defensive sectors are off to a better start to the new year than growth stocks, which dominated in 2023. The Health Care Select Sector SPDR Fund (NYSEARCA: XLV), which has both growth and defensive characteristics, was the leader in the first week of the year. Top sector performers included…
Axon Enterprise Inc. (NASDAQ: AXON), MercadoLibre Inc. (NASDAQ: MELI) and e.l.f. Beauty Inc. (NYSE: ELF) all traded lower along with the broader market in the first week of the year, but a little-known trading pattern could indicate these stocks may be setting up for gains. The three-weeks-tight …
Making profits in the stock market depends on making your entry at the right time. The time is NOW to get into A.I. Artificial Intelligence is turning into one of the most popular trends this year, and it has only just begun.
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Wall Street closed its worst week since Halloween with a listless Friday after reports showed workers are getting bigger raises, but key parts of the economy still don’t look like they’re overheating. The S&P 500 rose 8.56 points, or 0.2%, to 4,697.24 after drifting between small gains and losse…
Asian shares mostly declined Friday, after a mixed finish on Wall Street, although export-related Tokyo stocks got a boost from a strengthening dollar. Benchmarks rose in Tokyo but fell in Sydney, Seoul, Hong Kong and Shanghai. The yen has weakened amid speculation that the Bank of Japan might go sl…
A new indicator shows “the Singularity” could launch as soon as three months from now. This is the moment we’ve all feared – when artificial intelligence officially surpasses us… becoming smarter than human intelligence. And when the Singularity hits, the entire world will be thrown into chaos.
The United Nations has issued a somber global economic forecast for 2024, pointing to challenges from escalating conflicts, sluggish global trade, persistently high interest rates and increasing climate disasters
Today’s economy is an ever-changing environment of new technology, innovation and ways to invest in things beyond traditional stocks and bonds. Past innovations have proven there is a great deal to gain by seriously considering these non-traditional investments. Disrupting technologies like…
The Greenbrier Companies (NYSE: GBX) is either a deep-value dividend growth stock or an overvalued transportation play, depending on where you look. Following its Q1 results and guidance update, the stock is rocketing higher, trading well above the analysts’ highest targets. However, the stock tra…
The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates.Friday’s government report showed that December’s job gain exceeded the 173,000 that were added in November. The unemploym…
Carbon dioxide emissions in Germany, Europe’s biggest economy, dropped to their lowest level in seven decades as the use of coal declined unexpectedly sharply in 2023 and economic pressures weighed down production by energy-intensive industry, according to a study released Thursday.Germany aims to c…
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