Good MorningEquities rebounded on Tuesday, the first trading day of the week, but we urge investors not to read too much into the move. the rally comes in the wake of new lows for the S&P 500 and is not likely to gain much momentum. The S&P 500 broke out of a downward slanting channel in the previous week which suggests the downtrend will gain momentum and not the other way around. This week, there will be few economic or earnings reports to move the market so inflationary concerns, fear of recession, and Fedspeak will likely take the fore.
The next big hurdle for the market will be the 2nd quarter earnings reporting season. The peak of the season begins in about three weeks with reports from JPMorgan Chase and other big banks and the news may not be good. Rising inflation and dwindling savings could put a cap on consumer spending which is the backbone of the American economy. Featured:
Our #1 Small-Cap Stock for May (BehindtheMarkets) 
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Stocks | | |
Silver prices continue to remain elevated, trading at $21 an ounce. During times of inflation, silver stocks could be one of the ways to hedge your portfolio against macroeconomic headwinds. Silver prices remain on a firm footing, as demand continues to outpace supply, with total production at 997... Read the Full Story >> |
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Politics | | | Asian shares declined Wednesday as markets shrugged off a Wall Street rally and awaited congressional testimony by Federal Reserve Chair Jerome Powell.
Japan’s benchmark Nikkei 225 shed 0.4% to finish at 26,149.55. Australia’s S&P/ASX 200 lost 0.2% to 6,508.50. South Korea’s Kosp... Read the Full Story >> |
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Politics | | | Global shares declined Wednesday as markets shrugged off a Wall Street rally and awaited congressional testimony by Federal Reserve Chair Jerome Powell.
European benchmarks fell in early trading after shares in Asia finished lower, including in Japan, Australia, South Korea and China... Read the Full Story >> |
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From Our PartnersFinding that "diamond in the rough" - such as the next Amazon or Netflix - is what drives many microcap investors. And future Q2 earnings announcements will likely be the reason for a sudden spike in share prices for these 5 microcap stocks. | | Click here to get the names & ticker symbols of all 5. |
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Politics | | | Miraj Madushanka never thought he'd need government rations to ensure his family could eat two meals a day, but Sri Lanka’s economic crisis, the worst in its history, has recast his life and those of many others in its burgeoning middle class.
Families that never had to think twice a... Read the Full Story >> |
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Tech | | | South Korean prosecutors have barred dozens of people connected to Terraform Labs from leaving the country as they expand an investigation into a $40 billion collapse of the company’s cryptocurrency that devastated traders around the world Read the Full Story >> |
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Markets | | | Theme park and entertainment company SeaWorld Entertainment (NYSE: SEAS) stock has sunk (-33%) for the year. The operator of SeaWorld and Busch Gardens theme parks has been in a recovery since the reopening after COVID lockdowns were pulled. Vaccinations have been the key to the rebound in attendanc... Read the Full Story >> |
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Markets | | |
Last year, “buy the dip” was a highly effective trading strategy. Each time the stock market dipped lower, it ultimately charged to new highs.
In the U.S. mid-cap space, this lasted until November 2021. Since then the S&P 400 index has had plenty more dips. But like an unbal... Read the Full Story >> |
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Markets | | | As part of a deal they struck to avoid extradition to the United States, two men pleaded guilty Wednesday in New Zealand to their involvement in running the once wildly popular pirating website Megaupload.
The pleas by Mathias Ortmann and Bram van der Kolk at the Auckland High Court e... Read the Full Story >> |
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Markets | | | Athleisure apparel and footwear maker Lululemon (NASDAQ: LULU) stock is down (-28%) in the 2022 bear market despite stellar earnings performance. The popular retail fitness apparel brand is still firing on all cylinders despite the return of formalwear as consumers return back to work. The Company r... Read the Full Story >> |
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Stocks | | | Equities began the week with a strong bounce and the S&P 500 (NYSEARCA: SPY) gained more than 2.6% by midday. As strong as the bounce looks, however, we still don’t think this is the buyable bottom. While there is some indication that a bottom may form during the Q2 reporting season that season is still a few weeks away and there is great risk in the outlook. Read the Full Story >> |
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