Good MorningEquities extended their rebound on Monday taking the S&P 500 up a full percent at the height of the day. The rally, a relief rally, is driven by an expectation for economic improvement that is likely misplaced given the consensus figure for the CPI data. The analysts are expecting CPI to hold flat versus last month but the core and YOY figures will be hot. Core inflation is expected to rise by 0.3% which is the same as the prior month and it will drive an acceleration in the YOY figure as well. Core consumer inflation is expected to accelerate to 6.0% from last month's high of 5.9% and push the Fed to act aggressively at next week's FOMC meeting.
It is near given the FOMC will raise rates by another 75 basis points next week so the most important news will be the tone of the statement and the outlook for future hikes. The FOMC is already in uncharted territory so it is possible, however unlikely, that a 4th 75 basis point hike could be on the table. Featured: Crypto Genius: Forget bitcoin – this will be so much bigger (Ad) 
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Markets | | | S&P 500 component Devon Energy (NYSE: DVN) is among the market’s best performers, outrunning its index by a wide margin.
Energy continues to be a sector that’s home to stocks living up to the name, while others continue to languish.
Year-to-date, Devon has advanced 64.2... Read the Full Story |
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From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
Back in 2018, when Jeff Brown told everyone to buy Tesla…
The "experts" said Elon was finished and Tesla was headed for bankruptcy.
Now they're saying the same thing, but Jeff has uncovered Tesla's next breakthrough. | | Click here to see why Tesla's about to prove everyone wrong... again. |
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Markets | | | We’ve all heard the headlines of inflation hitting four-decade highs and its negative effect on operating margins and consumer spending. Inflationary pressures have caused raw materials prices to skyrocket made worse rising logistics costs and supply chain disruptions. Soaring grocery and gas ... Read the Full Story |
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Politics | | | Global stocks and Wall Street futures were higher Tuesday ahead of data traders hope will show that surging U.S. inflation eased in August, reducing pressure for more interest rate hikes.
London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong gained. Oil prices rose by more... Read the Full Story |
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From Our Partners | | Bitcoin just passed Amazon in total market cap — but most investors are missing the bigger opportunity.
While the crowd buys Bitcoin outright, trader Larry Benedict is using a method called “Bitcoin Skimming” to target 6x, 9x, even 22x bigger profits. He reveals how it works in a free video. | | Watch the Bitcoin Skimming strategy here |
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Stocks | | |
Could this be it? The U.S. stock market hasn’t strung together back-to-back winning months since a seven-month run that ended August 2021. A year later, the S&P 500 finds itself mired in an up and down pattern that began in February and has made it difficult for any positive momentu... Read the Full Story |
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Tech | | | Freight railroads and their unions are facing increasing pressure from business groups and the White House to settle their contract dispute before Friday's looming strike deadline.
The pressure stems from concerns that halting railroad deliveries of raw materials and finished products... Read the Full Story |
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From Our Partners | | The Tesla Shock Nobody Sees Coming
While headlines scream "Tesla is doomed"...
Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs.
One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd. | | Click here to see the Tesla shock that could blindside everyone. |
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Politics | | | Once home to one of Africa’s fastest-growing economies, Ethiopia is struggling as the war in its Tigray region has reignited and weary citizens far from the front are pleading for peace.
Ethiopians are experiencing the highest inflation in a decade, foreign exchange restrictions and m... Read the Full Story |
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Tech | | | General Motors' self-driving car company on Monday announced plans to expand a robotaxi service that recently launched in California into new markets in Arizona and Texas before the end of this year.
Cruise, a San Francisco startup that General Motors bought six years ago, told an aud... Read the Full Story |
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Politics | | | Germany says that it can’t stop a shipment of Russian uranium destined for French nuclear plants from being processed at a site in Germany because atomic fuel isn’t covered by European Union sanctions on Russia Read the Full Story |
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Markets | | |
This week, on The MarketBeat Podcast Kate sits down with ETF portfolio manager Dave Gilreath, who offers a perspective on “dividend achievers” and why these deserve a role in your portfolio. Dave gives us ideas for some mid-caps that may not be familiar names, but are showing potential... Read the Full Story |
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Stocks | | | The country’s largest restaurant operator Darden Restaurants (NYSE: DRI) is using its massive size to dampen price increases to instill value and grow loyalty for its brands. Darden operates eight popular restaurant brands ranging from casual dining experiences like Olive Garden, Bahama Breeze... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Bath & Body Works, Inc. is a specialty retailers and home to America’s Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH. | | View Today's Stock Pick |
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