Good MorningEquities continue to hover in the range of 4,100 to 4,200 and below a key resistance target. The market is having a hard time gaining traction following the previous week's rally and the risk is to the downside. The S&P 500 is well into a major reversal that could easily take it back to the 3,000 level or lower. The reversal is caused by the rapid end to over a decade of easy money policy that was capped off by trillions in COVID-related stimulus that has inflation running at record levels. With inflation at record levels, stimulus no longer juicing the economy, and aggressive FOMC rate hikes on the table, the S&P 500 are in for a tough haul over the next few quarters to two years.
If the real estate market is a leading indicator of the economy it gave the market another reason to fret on Tuesday. Applications for mortgages fell to the lowest level in 22 years and point to a contraction in the housing market. The bad news is that this will amplify the negative effects of higher rates and inflation, the good news is the real estate market should normalize during the correction as homebuilders increase inventory. Featured: 5 Best Stocks Under $5 to Buy Now (Ad) 
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Politics | | | China’s trade growth rebounded in May after anti-virus restrictions that shut down Shanghai and other industrial centers began to ease.
Exports surged 16.9% over a year earlier to $308.3 billion, up from April’s 3.7% growth, a customs agency statement said Thursday. Imports rose gaine... Read the Full Story |
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Politics | | | Russia and Turkey voiced support Wednesday for the creation of a safe maritime corridor in the Black Sea so Ukraine can export grain to global markets amid an escalating world food crisis. But Russia demanded that the Black Sea be demined and Turkey said allowing the Ukraine exports should be accomp... Read the Full Story |
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Stocks | | | Chargepoint (NYSE: CHPT) is an American electric infrastructure company based out of Campbell, California. It operates the largest network of independently owned charging networks and has a presence in 14 countries. Read the Full Story |
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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 >> |
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Stocks | | | Expedia (NASDAQ: EXPE) continues to see a recovery in its fundamentals along with the travel industry. It does, however, have a long way to go to restore confidence to its investors due to the challenging macro backdrop. Read the Full Story |
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Politics | | | A group of U.S. senators led by Vermont independent Bernie Sanders is lending its support to workers at two CNH Industrial plants in Wisconsin and Iowa who have been on strike for better pay and benefits for more than a month Read the Full Story |
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From Our PartnersWhat If Washington Declared That:
YOUR Money ISN'T Actually Yours?
Sounds insane, but that's exactly what the Department of Justice just admitted in court—claiming cash isn't legally your property.
What does that mean? It means Washington thinks they can seize, freeze, or drain your accounts—whenever they want. | | | Get your free guide now by clicking here >> |
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Markets | | | Spirit Airlines, the target of a budget airline bidding war, is postponing a Friday vote on whether to accept one of those buyout offers after a flurry of counter proposals from JetBlue and Frontier Airlines Read the Full Story |
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Markets | | | It’s the inflation you’re not supposed to see.
From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed “shrinkflation,” and it’s accelerating worldwide.
In the U.S., a small box of Klee... Read the Full Story |
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Stocks | | | If you are wondering about oil prices, the energy market, and whether it's too late to buy Energy Stocks (NYSEARCA: XLE) we’re here to tell you no. Absolutely not. There are too many fundamentally bullish factors at play that we see Energy Stocks leading the market for the next few quarters. Read the Full Story |
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Markets | | | Leading polymer 3D printing solutions provider Stratasys (NASDAQ: SSYS) stock has fallen (-21%) during the 2022 technology bear market. The 3D printing leader has survived the first 3D printing speculative bubble nearly a decade ago that saw shares trading north of $100. Like most technologies that ... Read the Full Story |
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Markets | | | The Winklevoss twins are cutting the staff at Gemini and say crypto winter is upon us. With the price of Ethereum (Cryptocurrency: ETH) down more than 60% from the recent high it certainly looks like that is the case. Read the Full Story |
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Thursday's Early Bird Stock Of The Day Eastside Distilling, Inc. engages in the manufacture and marketing of hand-crafted spirits. Its products include bourbon, American whiskey, vodka, and rum. The company was founded by Lenny Gotter on February 11, 2008 and is headquartered in Portland, OR. | | View Today's Stock Pick |
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