Good MorningThe S&P 500 moved down to set a new low last week confirming a near-term downtrend within a larger long-term market reversal. The move was driven by the rising fear of inflation, the FOMC, and earnings power for S&P 500 companies in the face of slowing economic activity. The data is still iffy on the recession front but much of it speaks of peaking within the US economy and peaking could lead to contraction if the Fed acts too hastily.
The biggest risk for the market is inflation. The PCE index not only showed acceleration from the previous month, which was expected, but it came in hotter than expectations and point to another aggressive move by the FOMC. As it is, the market is pricing in a solid chance for another 75 basis point rate hike in early November and a near certainty rates will rise another 150 basis points by the end of the year. Featured: Elon’s BIGGEST warning yet? (Ad) 
|
Markets | | |
It’s conventional knowledge that stocks and bonds tend to move inversely or have a negative correlation most of the time. When interest rates rise, stocks fall, bond yields rise, and bond prices fall. Interest rates haven’t been much of a factor for over a decade until inflation reared... Read the Full Story |
|
From Our Partners | | The Tesla Shock Nobody Sees Coming
While headlines scream "Tesla is doomed"...
Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs.
One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd. | | Click here to see the Tesla shock that could blindside everyone. |
|
Markets | | | Amid the volatility in commodity prices since Russia’s invasion of Ukraine in February, established large cap Archer-Daniels-Midland (NYSE: ADM) and new company Forafric Global (NASDAQ: AFRI) appear set to capitalize on continued uncertainty.
Some analysts warning of winter food shortag... Read the Full Story |
|
Markets | | | Clean-tech battery maker Freyr (NYSE: FREY) is proving to be a success story on several levels. The stock appears poised for more gains as the company ramps up to better serve the electric vehicle market.
The Norwegian company designs and manufactures lithium-ion batteries for various applications ... Read the Full Story |
|
|
Markets | | | Global agricultural equipment maker Deere & Company (NYSE: DE) stock is weathering the bear market sell-off relatively well with shares down only (-4.7%) on the year compared to (-25%) for the S&P 500 index (NYSEARCA: SPY). While Deere also makes heavy machinery like Caterpillar (NYSE: CAT) ... Read the Full Story |
|
Stocks | | | Worldwide vehicle parts manufacturer Magna International (NYSE: MGA) is not a household name yet is the largest automotive supplier in North America and fourth largest in the world. The Company is contracted with over 50 global customers including the largest automotive brands in the world like Ford... Read the Full Story |
|
From Our Partners | | Cold War Discovery Could Unlock $100 Trillion in Wealth
Jeff recently traveled to an American ghost town to investigate this crazy Cold War story…
Because it could hold the key to the entire $100 trillion AI boom.
It involves an American ghost town with just 30 people…
And a new twist to the AI boom that could make a lot of people rich. | | Click here to see the details on what could be the biggest tech story of this decade. |
|
Markets | | | Business sentiment among large manufacturers worsened for the third straight quarter, a Bank of Japan survey showed Monday, as the world's third largest economy grapples with rising costs, a weakening currency and slowing global demand.
The headline measure for the “tankan,” measurin... Read the Full Story |
|
Politics | | | Polls have closed in Brazil in a highly polarized election that could determine if the country returns a leftist to the helm of the world’s fourth-largest democracy or keeps the far-right incumbent in office for another four years Read the Full Story |
|
Politics | | | Authorities in Denmark said Sunday that the Nord Stream 1 natural gas pipelines have also stopped leaking, a day after officials said that the ruptured Nord Stream 2 pipelines also appeared to stop leaking.
The Nord Stream AG company informed the Danish Energy Agency that a stable pre... Read the Full Story |
|
Politics | | | Bulgaria has opened a natural gas link with Greece at a ceremony attended by the leader of the European Union’s executive arm, who emphasized the bloc’s determination to stop relying on Russian energy imports Read the Full Story |
|
Politics | | | Russian forces blindfolded and detained the head of Europe’s largest nuclear plant, Ukraine’s nuclear power provider said Saturday, reigniting long-simmering fears over the plant's security.
The alleged kidnapping on Friday apparently took place shortly after Russian President Vladim... Read the Full Story |
|
Monday's Early Bird Stock Of The Day CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services. The CarMax Auto Finance segment provides financing alternatives for retail customers across a range of credit spectrum and arrangements with various financial institutions. The company was founded in 1993 and is based in Richmond, Virginia. | | View Today's Stock Pick |
|
