Good MorningEquity markets pulled back on Monday as geopolitical unrest in China compounded tepid holiday retail spending. The news from China is that protesters are unhappy with COVID-19 lockdowns and the unrest is spreading. The news will be felt hardest by those whose business is dependent on China such as the tech industry and manufacturing and may cause another supply chain disruption. The takeaway for investors today is that another reason to expect weak earnings in Q4 and the 1st half of 2023 has emerged and it will weigh on the index moving forward.
Traders are also bracing for another round of key economic data. This week's calendar will bring the monthly NFP and other labor news along with key reads on manufacturing, the housing market, and inflation. The PCE price index will be the big report of the week and may show a downtick in inflation to match the CPI. Even so, investors should expect another 125 to 150 basis points of interest rate hikes by late winter 2023. Featured: Putin's "Violent Death" (The Oxford Club) 
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Cloud computing investors will be cautiously waiting for Snowflake, Inc. (NYSE: SNOW) to post their most recent earnings results, later this week. This could help to clarify what to expect from cloud computing growth moving forward, especially in anticipation of other, larger firms, who will not r... Read the Full Story |
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Zoom Video (NASDAQ: ZM) has gone from an obscure but easy-to-use video communications platform to becoming a verb synonymous with video conferencing and remote engagement driven by the COVID-19 pandemic. Zoom Video was one of the major benefactors of the pandemic that helped usher in the “ne... Read the Full Story |
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Politics | | | Two Federal Reserve officials said Monday that they favor raising the Fed's key rate to roughly 5% or more and keeping it at its peak through next year — longer than many on Wall Street have expected.
John Williams, president of the Federal Reserve Bank of New York, who is among a co... Read the Full Story |
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From Our PartnersLegendary Investor Paul Tudor Jones Predicts "Violent Death" for Putin.
Few people know this, but Putin just made the single biggest mistake of his life. It's not invading Ukraine... but it could have a profound effect on world markets. | | | | A market expert breaks down the opportunity here. |
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Tech | | | Stocks fell broadly on Wall Street as protests spread in China calling for President Xi Jinping to step down amid growing anger over severe restrictions imposed as part of his “zero COVID” strategy in the world's second-largest economy Read the Full Story |
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The U.S. apparel market is forecast to contract 2% this year. Not bad considering the myriad of challenges facing clothing manufacturers and retailers. Ongoing supply chain disruption, higher materials costs and inventory build-ups have weighed on the industry in 2022.
Thankfully, apparel investo... Read the Full Story |
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From Our PartnersThe Wall Street Journal reports that this medical breakthrough is "Transforming Medicine."
One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price. | | | | Get all the details here > > > |
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The global hotel industry (NYSEARCA: HOTL), headwinds aside, is experiencing a rebound in business that is expected to continue for the next 5 to 7 years. The rebound is driven in large part by post-pandemic reopenings, business travel and tourism which has been pent up since 2022 and only now rea... Read the Full Story |
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Politics | | | Students in Hong Kong chanted “oppose dictatorship” in a protest of China’s COVID-19 rules Monday after demonstrators on the mainland issued an unprecedented call for President Xi Jinping to resign in the biggest show of opposition to the ruling Communist Party in decades.
Rallies aga... Read the Full Story |
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Politics | | | President Joe Biden on Monday asked Congress to intervene and block a railroad strike before next month’s deadline in the stalled contract talks, and House Speaker Nancy Pelosi said lawmakers would take up legislation this week to impose the deal that unions agreed to in September.
“L... Read the Full Story |
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Politics | | | There was talk of impeachment Monday at the Trump Organization’s criminal tax fraud trial — not former President Donald Trump's, which happened twice — but whether lawyers for his company were angling to impeach their own witness, longtime Trump accountant Donald Bender.
Defense lawye... Read the Full Story |
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One of the more significant talking points among market analysts in 2022 has been the status of the yield curve. The yield curve is a visual representation of the relationship between bond yields and the maturity length of different bonds. The two most often referenced bonds in terms of the yield ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Deere & Co. engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts. The Construction and Forestry segment offers machines and service parts used in construction, earthmoving, road building, material handling and timber harvesting. The Financial Services segment finances sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment. The company was founded by John Deere in 1837 and is headquartered in Moline, IL. | | View Today's Stock Pick |
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