Good MorningThe selloff on Wall Street gained momentum on Tuesday following a surprise report the FOMC was going to hike rates by 75 basis points. The news, which should not have been unexpected, is only the latest indication the Fed's stance toward inflation is getting more hawkish. The risk for the market now is that a single 75 basis point hike will not be enough to clamp down on inflation and another large hike will come in July. If so, the FOMC target rate would hit 2.25% fully two years sooner than the market expected as recently as last summer. This marks a major change in fundamental conditions and will have an impact on economic activity. Looking at the housing market alone, at this pace, the rate on a 30-year mortgage could hit 10% by the end of the year.
After the Fed, earnings will be the next big hurdle for the market and it is only a few weeks until the next peak season. So far, the early reports have been better than expected but we've only seen a few disparate sectors and industries. If the season comes in better than expected the S&P 500 could hit a bottom this summer. If not, we think the S&P 500 could continue to fall into the end of the year. Featured: AI Meltdown Imminent: Dump These Stocks Now! (Ad) 
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Tech | | | Most stocks on Wall Street dipped Tuesday in their first trading after tumbling into a bear market on worries that high inflation will push central banks to clamp the brakes too hard on the economy.
The S&P 500 fell 14.15, or 0.4%, to 3,735.48 as investors braced for the Federal R... Read the Full Story |
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Politics | | | Asian stock markets were mixed while Europe opened higher Wednesday ahead of a Federal Reserve decision on how sharply to raise interest rates to cool U.S. inflation.
London, Frankfurt and Shanghai advanced. Tokyo and Sydney declined. Oil prices edged lower.
Wall Street... Read the Full Story |
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Markets | | |
When we think of farming, the word ‘grains’ often comes to mind. Lately, ‘gains’ seems more appropriate—as in the gains that farming-related stocks are cultivating.
Over the past 12 months, the S&P GSCI Agriculture Index is up more than 26%. The benchmark represe... Read the Full Story |
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From Our PartnersWith the next presidential cycle heating up and Trump leading the charge, major market shifts are already taking shape.
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Markets | | |
Sometimes the best offense is a good defense.
With the U.S. stock market slipping into bear market territory, 2022 is looking more and more like the year of the defensive stock.
Sectors known to lag during periods of economic prosperity but hold up well during economic downturns have been ... Read the Full Story |
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Stocks | | |
Inflation continues to run hot, and with the fed behind the curve, economists believe it will take some time before we hit peak inflation. Therefore, it's essential to have stocks in your portfolio that are a hedge against the current inflationary environment. One of the ways you can do that is th... Read the Full Story |
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From Our PartnersAs you may have seen over the last few weeks, I've been giving out special daily setups on my favorite ticker.
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That's why Jack Carter and I pulled back the curtain to reveal how we've been able to nail in a 96% win rate in the same window the market lost 11 trillion dollars in value. | | | We also revealed how you can find and execute these setups on your own without any help at all. |
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Tech | | |
Integrated circuits (IC) developer Analog Devices (NYSE: ADI) stock has only fallen (-11%) during the technology bear market. A slowing economy riddled with supply chain disruption and falling PC demand is a perfect storm for deeper selling in the sector. Demand still remains strong, especially in... Read the Full Story |
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Politics | | | President Joe Biden told the largest federation of labor unions on Tuesday that he's working to rebuild the U.S. economy around workers, an attempt to draw a contrast with Republicans who have increasingly attracted blue-collar votes.
“We should encourage unions,” Biden said. “I’m not... Read the Full Story |
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Politics | | | Construction equipment manufacturer Caterpillar said Tuesday it is packing up its headquarters from its longtime home state of Illinois and moving to Texas.
Caterpillar Inc. said that it’s transferring its global base to the Dallas suburb of Irving, from Deerfield, outside Chicago.
... Read the Full Story |
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Politics | | | Fisher-Price and U.S. product safety regulators are telling parents not to let their infants fall asleep in the company's rockers after 13 infants died in the devices between 2009 and 2021.
The deaths happened when the babies fell asleep in Fisher Price's Infant-to-Toddler and Newborn... Read the Full Story |
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Stocks | | |
Energy exploration and drilling company Helmerich and Payne (NYSE: HP) stock has been on a strong rally up 112% for 2022. The largest offshore driller in the U.S. is in the boom cycle with a perfect storm breakout for crude oil prices. The supply-demand constraints are expected to continue and pro... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania. | | View Today's Stock Pick |
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