Good MorningThe S&P 500 rocketed to a new all-time high last week fueled by good news. With earnings better than expected, economic data strong, and the Fed’s taper weaker than expected upward momentum should continue through the end of the year. The bad news is that euphoria is setting into the market and that spells danger for investors. At some point, the market will come crashing back to reality.
This week the market will be focused on the inflation data. Not only is the CPI and PPI data due out but also the 5-year inflation forecast. If inflation is running hotter than expected it will put more pressure on the FOMC and that could result in a quicker taper. Also on tap this week are reports from hundreds of small and mid-cap stocks so it will be a busy one.
Featured: Volatility Is Rising—But These 2 AI Stocks Could Thrive (Ad) 
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Markets | | | Asian stock markets were mostly lower Monday after Wall Street hit a new high and China reported a double-digit rise in exports.
Tokyo, Hong Kong and Sydney declined while Shanghai advanced.
Wall Street's benchmark S&P 500 index rose 0.4% on Friday to a record for a... Read the Full Story |
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Markets | | | Marriott stock looks overvalued, but technical indicators point to a move higher. Only time, and continued occupancy growth, will tell if bulls or bears will drive the stock price. That's why MAR stock looks like a hold for now. Read the Full Story |
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Tech | | | Tesla CEO Elon Musk is asking on Twitter whether he should sell 10% of his stock in the electric-vehicle company amid pressure in Washington to increase taxes on billionaires like him.
Some Democrats have been pushing for billionaires to pay taxes when the price of the stocks they hol... Read the Full Story |
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From Our PartnersREVEALED: $194 Trillion Trump Market Pattern
Trump fires off a tweet and stocks tank…
He gives a speech and the markets soar…
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Tech | | | Tesla CEO Elon Musk is asking on Twitter whether he should sell 10% of his stock in the electric-vehicle company amid pressure in Washington to increase taxes on billionaires like him.
Some Democrats have been pushing for billionaires to pay taxes when the price of the stocks they hol... Read the Full Story |
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Markets | | |
Strong Earnings Can Be the Perfect Catalyst for Higher Prices
As we head deeper into earnings season, we’ve already witnessed some truly impressive reports coming out of the growth area of the market. A strong report can oftentimes catch the market by surprise and lead to a big gap up in th... Read the Full Story |
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Tech | | | SoftBank Group Corp. sank into red ink for the July-September period, dragged down by losses on its investments in China, the Japanese technology conglomerate said Monday.
SoftBank reported a 397.9 billion yen ($3.5 billion) loss for the fiscal second quarter, compared to a 627 billi... Read the Full Story |
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Politics | | | As COVID-19 ravaged Hungary in April, Budapest resident Akos Sipos received his second vaccine dose, believing he was doing the right thing for his own health and to help end the pandemic.
But Sipos, 46, soon discovered that the vaccine he received, Russia's Sputnik V, disqualified h... Read the Full Story |
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Markets | | | Heavy machinery maker Caterpillar (NYSE: CAT) stock has been selling off after peaking in April 2021. The Company has been a major benefactor of the post-pandemic reopening representing construction and infrastructure demand. However, investors may feel the best times are in the rearview mirror as i... Read the Full Story |
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Markets | | |
Canopy Growth Company Price Could Collapse Very Soon
We’ve had very high hopes for the cannabis market and Canopy Growth Corporation (NASDAQ: CGC), no pun intended, but those hopes appear to be dashed. While we’ve long ago given up hope the Canadian market would reach the valuat... Read the Full Story |
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Markets | | |
You may already be thinking, "Seriously? Downsides to making a lot of money?" Those with a low net worth might dream of being in this same "predicament." However, just because you make a lot of money doesn't make you immune to problems — they're just different problems.
Many Americans... Read the Full Story |
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The Early Bird Stock Of The Day Chunghwa Telecom Co., Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services. Chunghwa Telecom Co., Ltd. was incorporated in 1996 and is headquartered in Taipei City, Taiwan. | | View Today's Stock Pick |
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