Good MorningThe rebound in equities reversed course on Thursday following some hotter than expected inflation data. The CPI reading for January shows prices advanced 0.6% for the month on a headline and core basis, or 0.2% hotter than expected on both counts. The month-to-month gains were accompanied by acceleration on a YOY basis as well with core CPI up 6.0% from last year. This marks the 10th month of hot and rising inflation and puts increased pressure on the FOMC to act and act quickly. Fed President James Bullard came out with comments in the wake of data saying he favored 100 basis points of interest rate increases by June including a 50 basis point increase to start.
The SPX fell on the news, confirming resistance at the short-term moving average and the most recent peak in prices, putting the market in danger of a retest of the recent lows. If the market is not able to hold those lows a much deeper correction, perhaps as much as 10% more, could come within weeks. Featured: Volatility Is Rising—But These 2 AI Stocks Could Thrive (Ad) 
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Politics | | | With inflation going only higher, stocks fell on Wall Street Thursday as expectations build that the Federal Reserve will have to get more aggressive about removing the tremendous support it’s given the economy.
The hottest inflation reading since 1982 sent the S&am... Read the Full Story |
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Stocks | | | There's a lot of panic selling going on as investors digest the latest inflation numbers and the likelihood of the Federal Reserve taking a more aggressive stance on interest rates. Our advice is to buy stocks from companies that have the pricing power to withstand the effects of inflation. Here are three companies that will do well in an inflationary environment. Read the Full Story |
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Stocks | | | Whether you’re looking to strengthen your portfolio through diversification or create new rivulets toward a raging waterfall of growth (see the symbolism?), international stocks can have a heavy hand in getting you there. Read the Full Story |
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Markets | | | Dow Jones components are known to be financially stable blue-chip companies, which means they can make for great long-term holds.If you’re interested in exploring these types of equities, here are 3 dependable Dogs of the Dow to buy now Read the Full Story |
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Politics | | | Mexico's president is vowing to press ahead with changes to the electrical power industry despite U.S. concerns that they could close off markets, choke competition and possibly violate the U.S.-Mexico-Canada free trade pact Read the Full Story |
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Data storage solutions company Western Digital (NYSE: WDC) stock collapsed on lowered guidance and the sell-off in the benchmark indexes. The sequential lowered guidance is troubling for investors despite having beaten earnings estimates by $0.18 per share. Investors are questioning whether the Co... Read the Full Story |
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Politics | | | Addressing diminished treatment options in the omicron wave, the Biden administration has purchased enough of a yet-to-be approved antibody drug to treat 600,000 COVID-19 patients, officials said Thursday.
The new monoclonal antibody from pharmaceutical giant Eli Lilly will be shipped... Read the Full Story |
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Politics | | | Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy Read the Full Story |
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Tech | | | The largest public power company in the United States is launching a program to develop and fund new small modular nuclear reactors as part of its strategy to dramatically reduce greenhouse gas emissions Read the Full Story |
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Markets | | | iRobot (NASDAQ: IRBT) performed exactly as we expected them to, the bad news is that we were expecting supply chain issues and microchip shortages to curtail the results and they did. The company estimates the issues cost them $35 million in unfulfilled orders, worth 770 basis points of quarterly revenue, and these issues aren’t expected to subside in the first half of the year. Read the Full Story |
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Friday's Early Bird Stock Of The Day Environmental Impact Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York. | | View Today's Stock Pick |
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