Good MorningEquity markets extended their slide on Tuesday falling not only to the lowest levels for 2022 but to the lowest levels in nearly two years as the market begins to accept the fact the FOMC is causing the US to fall into a deepening recession. The S&P 500 index fell more than 0.75% at the low of the day to break the key 3636 level and put the index on track to retest the lows set during the peak of the pandemic fear.
The next few days will be of utmost importance for the market. With the index set to make a technical retreat and the PCE price index due out on Friday the odds are high that the sell-off could begin to gain momentum. In this scenario, the S&P 500 could retreat as far as the 3,200 level before the peak of the Q3 earnings reporting season. If the report is better than expected, however, the market could stage another significant relief rally. Featured: Could this be crypto's biggest Trump win? (Ad) 
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Politics | | | A wobbly day of trading on Wall Street ended with a mixed finish for U.S. stock indexes Tuesday as markets stagger amid worries about a possible recession.
The volatile trading comes a day after a broad sell-off sent the Dow Jones Industrial Average into a bear market, joining other m... Read the Full Story |
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From Our PartnersAs you may have seen over the last few weeks, I've been giving out special daily setups on my favorite ticker.
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Markets | | | With interest on a meteoric rise to levels not seen in 2 decades or more, tech investors may be better suited to focus on blue-chip stocks like Jabil, Inc (NYSE: JBL) rather than growth-centric names or flash-in-the-pan startups. Jabil, Inc serves every industry and vertical from cloud to 5G and EV ... Read the Full Story |
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Stocks | | | The sun is shining on solar stocks, such as SunPower (NASDAQ: SPWR) following the passage of the Inflation Reduction Act. During a market downturn, it’s critical to pay attention to companies showing fundamental and technical strength, as these could be among the next big winners in a bull ral... Read the Full Story |
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From Our PartnersBehind closed doors, away from the mainstream media's eyes, the smartest minds in crypto are all seeing the same signals. They're positioning themselves for something unprecedented.
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Politics | | | The Dow Jones Industrial Average became the last of the major U.S. stock indexes to fall into what’s known as a bear market Monday as the market deepened its slump amid growing fears of a global recession.
The blue chip index fell 1.1%, while the S&P 500 closed 1% lower and the N... Read the Full Story |
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Markets | | |
Clothing and apparel retailer The Gap (NYSE: GPS) has had a bad year with shares down (-54%) in 2022. The Company fired its last CEO in July after an abysmal Q1 earnings report and is currently seeking a new CEO. Almost every metric disappointed in the most recent Q2 earnings report with sales dow... Read the Full Story |
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From Our PartnersJeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%...
Just did a demo of what Nvidia’s CEO said will be "the first multitrillion-dollar robotics industry." | | | Click here to watch the demo… |
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Stocks | | | Market volatility is back in the headlines after the Federal Reserve continued to hike interest rates during its latest meeting. The Dow Jones fell below 30,000, joining the S&P 500 in bear market territory. Since inflation continues to run hot and employment figures continue to remain at low le... Read the Full Story |
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Markets | | |
FedEx Corporation (NYSE: FDX) sent shockwaves through the stock market by posting a big earnings miss and removing guidance due to “worsened” economic conditions. On the heels of a weak August retail sales report, the warning signaled that the U.S. economy (and potentially stocks) coul... Read the Full Story |
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Politics | | | Government lawyers used airline executives' own words in trying Tuesday to persuade a federal judge to kill a partnership between American Airlines and JetBlue Airways.
The government argued that the deal is, in effect, a merger that will cost consumers $700 million a year in higher f... Read the Full Story |
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Politics | | | Kremlin-orchestrated referendums that Moscow is expected to use as a pretext to annex Russian-held regions of Ukraine concluded Tuesday, heightening tensions with Western countries that have already declared the votes illegitimate.
Moscow-backed officials in the four occupied regions ... Read the Full Story |
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Politics | | | Explosions rattled the Baltic Sea before unusual leaks were discovered on two natural gas pipelines running underwater from Russia to Germany, seismologists said Tuesday. Some European leaders and experts are pointing to possible sabotage during an energy standoff with Russia provoked by the war in ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism. This segment also provides marine and aviation insurance services for offshore energy, renewable offshore energy, cargo, liability, including kidnap and ransom, fine art, specie, and hull war, hull and liability, and specific war coverage for passenger airlines, cargo operations, general aviation operations, airports, aviation authorities, security firms, and product manufacturers; personal accident, travel insurance, specialty health products for employer and affinity groups, and pet insurance products; and liability, cyber, and credit and political risk insurance services. The Reinsurance segment offers agriculture, marine and aviation, catastrophe, accidental and health, credit and surety, motor, professional, travel, life, engineering, property, and liability reinsurance products. AXIS Capital Holdings Limited was founded in 2001 and is headquartered in Pembroke, Bermuda. | | View Today's Stock Pick |
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