Good MorningEquities fell for an 8th week last week and are heading lower. The S&P 500 confirmed a major reversal in price action when it dropped below 4,100 and then moved on to set a new low at the end of the week. The next catalyst for index movement will come on Wednesday with the release of the FOMC minutes which are expected to reveal a very hawkish Fed. Later in the week, the PCE price index will come into focus and we expect it to be a hot one. Based on the latest comments from Fed chief Jerome Powell, we think the number could increase the odds of a larger 75 basis point interest rate hike at the June meeting.
With the index in freefall, it seems the market has taken the adage "sell in May and go away" to heart. This means the summer season could be volatile and any movements should be viewed with skepticism, especially upward movements. The next major signal for the market won't likely come until the end of the summer when the institutional money and professional traders come back from vacation. Featured: 5 Stocks Poised to Soar Under Trump's Presidency (Ad) 
|
Markets | | |
A company known for its reliability should give investors something they can count on
John Deere (NYSE:DE) is due to report earnings before the market opens on May 20. And at this point, any bit of good news would have a calming effect on markets. With that in mind, John Deere may be t... Read the Full Story |
|
From Our PartnersREVEALED: $194 Trillion Trump Market Pattern
Trump fires off a tweet and stocks tank…
He gives a speech and the markets soar…
Now, a new Trump executive order is set to set off a wave worth a potential $194 trillion in the markets.
And Wall Street insider Larry Benedict says it could hand investors who missed out on Trump’s first term a second chance. | | | Click here to discover this exciting new trading pattern. |
|
Markets | | |
BBY stock is not easy to slot into one specific category
Best Buy (NYSE:BBY) is expected to be one of the more closely watched stocks this week. The company reports earnings after the market closes on Tuesday, May 24. This has been a lousy earnings season for most retail stocks. And the for... Read the Full Story |
|
Tech | | | President Joe Biden is tending to both business and security interests Sunday as he wraps up a three-day visit to South Korea, showcasing Hyundai’s pledge to build a $5.5 billion electric vehicle and battery factory in Georgia and visiting U.S. and South Korean troops monitoring the rapidly evolving... Read the Full Story |
|
|
Politics | | | Delegates from the United States and four other nations have staged a walkout when a representative from Russia began his opening remarks at a meeting of trade ministers of the Asia-Pacific Economic Cooperation group in the Thai capital Read the Full Story |
|
Politics | | | President Joe Biden on Monday is expected to come out with a list of nations that will join a long-anticipated Indo-Pacific trade pact, but Taiwan won't be among them.
White House national security adviser Jake Sullivan confirmed that Taiwan isn't among the governments signed up for t... Read the Full Story |
|
|
Politics | | | U.S. President Joe Biden and South Korean President Yoon Suk Yeol said after meeting Saturday that they will consider expanded joint military exercises to deter the nuclear threat from North Korea at a time when there's little hope of real diplomacy on the matter.
The announcement ref... Read the Full Story |
|
Stocks | | |
Some of the biggest names on the NASDAQ have been sold off in a sector rotation that’s still being felt today. These companies included bluechip FAANG stocks such as Google, Meta, and others. Investors piled into the technology sector once they saw tech companies soar during the pandemic wit... Read the Full Story |
|
Stocks | | |
Yandex N.V (NASDAQ: YNDX) has caught the ire of the West in response to Russia's invasion of Ukraine. After being accused of suppressing free speech and spreading misinformation about conflict, Yandex's second in command, Tigran Khudaverdyan was sanctioned and has since stepped down from his posit... Read the Full Story |
|
Politics | | | In what would be its biggest victory yet in the war with Ukraine, Russia claimed to have captured Mariupol after a nearly three-month siege that reduced much of the strategic port city to a smoking ruin, with over 20,000 civilians feared dead.
Russian Defense Minister Sergei Shoigu re... Read the Full Story |
|
Markets | | | The takeaway from Q1 earnings for the retailers (NYSEARCA: XRT) is slowing growth and margin compression. Those factors have the sector down across verticals but not all retailers are feeling the same pain. Read the Full Story |
|
Monday's Early Bird Stock Of The Day Under Armour, Inc., together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications. In addition, the company provides accessories, which include gloves, bags, headwear, and socks; and engages in brand licensing, digital subscription, advertising, and other digital business activities. It primarily offers its products under the UNDER ARMOUR, ARMOUR, HEATGEAR, COLDGEAR, HOVR, UA, PROTECT THIS HOUSE, I WILL, ARMOUR FLEECE, and ARMOUR BRA brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, mono-branded Under Armour retail stores, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through Brand and Factory House stores, as well as through e-commerce websites. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company was incorporated in 1996 and is headquartered in Baltimore, Maryland. | | View Today's Stock Pick |
|
