Good MorningEquity markets tried to rebound on Thursday but failed to hold much of the gains. The move was driven by a better than expected weekly jobless claims figure that helped brighten the market’s outlook. The news, as good as it is, was soon discounted however in favor of caution. With inflation on the rise, Friday’s PPI data is the next major hurdle for the market to cross.
Even if the PPI subsides on a month-to-month basis as it is expected to do produced level price increases are still advancing and putting upward pressure on consumer prices. Next week, the market will have to face the latest read on the CPI data and that is where the real risk lay. Consumer Level inflation is what the FOMC is most concerned with so a hot or cold number could really get the market moving.
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Stocks | | | What goes up must come down. Special purpose acquisition companies, or SPACs, have been the poster child for how quickly the market can giveth and taketh away.
Once the darlings of the investing world, most SPAC stocks have taken it on the chin this year following a raucous 2020. Companies that too... Read the Full Story |
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Markets | | | Stocks on Wall Street lost more ground Thursday after a small early gain faded, keeping the S&P 500 and the Nasdaq headed for their first weekly decline in three weeks.
The S&P 500 fell 0.5%, its fourth straight drop. Health care and technology companies were the biggest weig... Read the Full Story |
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Markets | | | For investors who want to add alpha or excess return above the market, thematic ETFs could be the ticket. These should not be “buy and hold” investments, but instead, should be used when you have conviction about the prospects for a particular area of the market. Read the Full Story |
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Markets | | | Ford will cease auto production in India after logging accumulated operating losses of more than $2 billion over the past 10 years.
An end to production in India comes less than a year after Ford said it would close its three plants in Brazil, ceasing operations in a country where it... Read the Full Story |
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Markets | | | Louisiana wildlife officials say they have documented more than 100 oil-soaked birds after crude oil spilled from a refinery flooded during Hurricane Ida.
The Louisiana Department of Wildlife and Fisheries said Thursday that a growing number of oiled birds had been observed within hea... Read the Full Story |
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Politics | | | The U.S. Environmental Protection Agency announced Thursday it would seek to restart a process that could restrict mining in Alaska’s Bristol Bay region, which is renowned for its salmon runs.
The announcement is the latest in a long-running dispute over a proposed copper-and-gold min... Read the Full Story |
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Politics | | | An International Atomic Energy Agency official says objective, science-based monitoring is the key to safely carrying out the planned release of treated but still radioactive water at Japan’s wrecked Fukushima nuclear plant Read the Full Story |
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Markets | | | Boutique fitness franchisor Xponential Fitness (NYSE: XPOF) stock has been basing for a potential breakout since its recent IPO. The asset-light franchisor has over 1,060 franchisees operating 1,824 open studios. The Company offers customers fitness and wellness workouts which include boxing, dance,... Read the Full Story |
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Markets | | | Have you ever leaned toward your coworker's desk and said, "Psssst. Hey, how much do you save for retirement and what're you invested in?"
When you're working with people who have the same retirement options as you, it's natural to feel curious about what everyone else is doing. Seems innocent, rig... Read the Full Story |
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Markets | | | Although it might appear expensive based on its valuation, it’s hard to argue against a stock that is hitting new all-time highs in a mixed market. Let’s take a deeper look at what makes Lululemon stand out below. Read the Full Story |
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