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Equities broke out of a downtrending channel to the downside last week in evidence of mounting fear about the economy. The FOMC was forced to hike rates by 75 basis points in what some would call a surprise move. Others, however, would say the FOMC is still behind the curve and that at least one more if not two more 75 basis point hikes were needed. Regardless of the pace, the takeaway for the market is that inflation is still out of control and aggressive rate hikes are making the cost of business more expensive. In this scenario, economic activity can be expected to contract and there is evidence of that already. The Index of Leading Indicators fell for the second month by -0.4% suggesting an economic recession is already in play.

This week will be a hurdle for the market because of how little new information is set to be released. On the economic front, there are only two data points due out and both are from the housing sector. On the earnings front, there are only a handful of confirmed reports and very few from companies other than home builders.

Featured: Recession Shock Is Coming For Unprepared Americans! (Gold Allied Trust)

Stocks

Dividend Stocks and Your Roth IRA

You may already know that a Roth IRA is a fantastic retirement savings vehicle. But what about putting dividend stocks in a Roth IRA? Let's find out why you might want to go that route and which stocks to consider.

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From Our Partners

PhD who called 2008 meltdown issues new warning.

Few believed Nomi Prins when she called the 2008 meltdown. Now, she's issuing a new warning.

Learn more.

Tech

Asian markets mostly lower; bitcoin steady at $20,000

Asian markets were mostly lower Monday in cautious trading, while the price of bitcoin remained near $20,000. Shares fell in most Asian markets but rose in Hong Kong and India as worries over inflation and risks of a global recession from central bank efforts to bring it under contro...

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Tech

Asian markets mostly lower ahead of US holiday

Asian markets are mostly lower in cautious trading ahead of a federal holiday in the U.S. Worries over inflation and risks of a global recession from central bank efforts to bring it under control appeared to outweigh Wall Street's positive close on Friday

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From Our Partners

Will These 5 Stocks Explode?

Searching for the next Microcap stocks with disruptive potential? These companies will release their quarterly earnings very soon... And we have found 5 microcap stocks that could see a spike in share price.

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Tech

World shares mixed; bitcoin holds steady near $20,000

European benchmarks were higher Monday after most Asian markets retreated, while the price of bitcoin hovered near $20,000. U.S. futures advanced and oil prices fell back early Monday. The price of the world’s most popular cryptocurrency remained near the psychologica...

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Politics

How much for gas? Around the world, pain is felt at the pump

At a gas station near the Cologne, Germany, airport, Bernd Mueller watches the digits quickly climb on the pump: 22 euros ($23), 23 euros, 24 euros. The numbers showing how much gasoline he’s getting rise, too. But much more slowly. Painfully slowly. “I’m getting rid of my car this Oc...

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From Our Partners

Crypto Millionaire: "Pay Attention to June 22nd"

Charlie Shrem is like the "Godfather of Cryptocurrencies". He discovered Bitcoin when it was trading for $5. Ethereum at $109. Binance at just $6. Cardano for 5 CENTS. Today, he's sharing the details of a $0.13 CENT crypto with Top 5 Potential... as well as his BIG prediction for June 22nd.

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Politics

Morale is concern as NATO chief warns war could last 'years'

Four months of war in Ukraine appear to be straining the morale of troops on both sides, prompting desertions and rebellion against officers’ orders, British defense officials said Sunday. NATO’s chief warned the fighting could drag on for "years." “Combat units from both sides are co...

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Markets

eBay’s Long Term Fundamentals Are Intact If You Can Stomach Short Term Volatility

eBay (NASDAQ: EBAY) is an American multinational e-commerce company based in San Jose, California. eBay’s business model is not entirely insulated from the shocks of the broader economic environment,

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Markets

Honda's Stock Continues To Fly Under The Radar

Honda (NYSE: HMC) recently teamed up with Sony and is expected to roll out a series of electric vehicles in the coming year. Although the company is late to the party, Honda’s technological prowess and experience mean that the car-maker

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Tech

Vuzix Stock Stays Optimistic

Augmented reality smart glass maker Vuzix Corporation (NASDAQ: VUZI) stock has staged a rally off its lows of $3.88 but is starting to fall again. The Company had a challenging fiscal Q1 2022 as the macro problems from inflation, COVID-19 effects, supply chain and Russian conflict all indirectly led...

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Markets

Palo Alto Networks: Pioneering AI in Cybersecurity

Palo Alto Networks (NASDAQ: PANW) is a leader in the cybersecurity industry. It has significantly grown its revenues faster and higher than the industry’s 5-year average. The average revenue growth for companies in the cybersecurity industry is 10% per year, while PANW grows at a rate of 25....

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Monday's Early Bird Stock Of The Day

A Stock Being Downgraded:Ralph Lauren (NYSE:RL)

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances. It sells apparel and accessories under the Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Golf Ralph Lauren, Ralph Lauren Golf, RLX Ralph Lauren, Polo Ralph Lauren Children, and Chaps brands; women's fragrances under the Ralph Lauren Collection, Woman by Ralph Lauren, Romance Collection, and Ralph Collection brand names; and men's fragrances under the Ralph's Club, Purple Label, Polo Blue, Polo Red, Polo Green, Polo Black, Polo 67, Safari, Polo Sport, and Big Pony Men's brand names. The company's restaurant collection includes The Polo Bar in New York City; RL Restaurant in Chicago; Ralph's in Paris; The Bar at Ralph Lauren located in Milan; Ralph's Bar located in Chengdu, China; and Ralph's Coffee concept. It sells its products to department stores, specialty stores, and golf and pro shops, as well as directly to consumers through its retail stores, concession-based shop-within-shops, and its digital commerce sites. The company directly operates retail stores and concession-based shop-within-shops; and operates Ralph Lauren stores and stores and shops through licensing partners. Ralph Lauren Corporation was founded in 1967 and is headquartered in New York, New York.

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