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: A New Low For the Market - And A New Opportunity (Darwin) 
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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 PartnersSearching 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. | | Click here to get the names of all 5 stocks |
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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 PartnersThree terrifying forces are converging to threaten your wealth. Force #1: The destruction of decent INTEREST you earn on your savings. Force #2: The rapid erosion of your PRINCIPAL through inflation and Force #3: The gut punch to your PORTFOLIO in the crashing stock market. I've prepared solutions to all these problems and more in my 7-step plan for 2022. | | Click here for my 7-step plan for 2022. |
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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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