Good MorningEquity markets rebounded on Tuesday after some better than expected inflation data but don't read too much into the move. The PPI data was better than expected at the headline level but still up 0.8% from last month and 10% from last year. With input prices still on the rise and oil trading near $100, producer prices and consumer prices are still going higher and there is the FOMC to consider as well. The FOMC will release the March policy statement Wednesday afternoon and is virtually guaranteed to hike rates by at least 25 basis points.
The biggest risk for the market is the first hike will be larger than expected and/or come with a more hawkish than expected outlook. In that scenario, the odds of stalling the economy will rise because higher interest rates could lead to higher inflation in the near term at least. A stalled economy could easily turn into a recession. Featured: Your Bank Account Is No Longer Safe (Ad) 
|
Stocks | | | These are companies with reasonable valuations and solid business models that are actually generating a profit, which is extremely important when you think about how interest rate increases can affect certain companies. Read the Full Story |
|
From Our PartnersWashington is running out of money…And guess where they'll look next?
When governments go broke, they take from the people.
It's happened before, and it's happening again.
The Department of Justice just admitted that cash isn't legally YOUR property. | | | Get your free guide now by clicking here >> |
|
Stocks | | |
So, electronic devices saw unprecedented upheaval as soon as the COVID-19 reared its ugly head. A combination of record demand in many sectors (automobiles, consumer electronics, and more) threw supply chain issues as a major wrench into the mix.
Companies and consumers use semiconductors, ... Read the Full Story |
|
Healthcare | | |
The last time U.S. mid-cap stocks outperformed large caps, Brexit was just getting underway and the markets were getting a November ‘Trump bump’. Amid concerns about slowing growth in China, the major indices began 2016 in a 10% hole. In the end, however, the S&P 500 finished up 9.... Read the Full Story |
|
|
Tech | | | Hong Kong’s share benchmark, the Hang Seng index, soared 9% on Wednesday after a senior Chinese official said Beijing would provide more support for the slowing Chinese economy.
The surge was a reprieve from recent heavy selling of Chinese technology companies and other pressures tha... Read the Full Story |
|
Politics | | | Asian shares rose Wednesday as investors awaited a widely anticipated decision by the U.S. Federal Reserve on interest rate policy.
Japan's benchmark Nikkei 225 jumped 1.7% in morning trading to 25,784.71. Australia's S&P/ASX 200 added 0.9% to 7,160.00. South Korea's Kospi gained... Read the Full Story |
|
|
Politics | | | MOSCOW — Russian Foreign Minister Sergey Lavrov says a “business-like spirit” is emerging at talks with Ukraine that are now focused on a neutral status for the war-torn country.
“A neutral status is being seriously discussed in connection with security guarantees,” Lavrov said Wedne... Read the Full Story |
|
Politics | | | LONDON — British Prime Minister Boris Johnson says Ukraine is not going to join NATO “any time soon,” after the country’s president acknowledged Ukraine would not become part of the Western military alliance.
President Vladimir Putin has long depicted Ukraine’s NATO aspirations as a t... Read the Full Story |
|
Stocks | | | Coupa Software (NASDAQ: COUP) is a cloud-based SaaS company offering business-spend services worldwide. The company’s services got a boost from the pandemic and have been in high demand but one thing is clear from the results, Read the Full Story |
|
Politics | | | LVIV, Ukraine — Russian warships around midnight fired missiles and artillery at the Ukrainian sea coast near Tuzla, to the south of Odesa, Interior Ministry adviser Anton Gerashchenko said.
“They fired a huge amount of ammunition from a great distance,” he said on Facebook.
... Read the Full Story |
|
Markets | | | Pharmaceutical drug savings and digital healthcare platform GoodRx (NASDAQ: GDRX) stock has falling to all-time lows accelerated by the sell-off in benchmark indexes. The platform has saved consumers over $35 billion in prescription costs since inception. Over 700,000 healthcare providers have used ... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day Wyndham Hotels & Resorts, Inc. engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others. The Hotel Management segment provides management services. The company was founded in 1990 and is headquartered in Parsippany, NJ. | | View Today's Stock Pick |
|
