Good MorningEquity markets advanced in the preceding week but may not get much higher. The S&P 500 is facing stiff resistance near 4,610, and multiple catalysts due this week could dampen appetite for stocks. Among them are the CPI inflation data, the FOMC policy decision and the November retail sales. Because inflation is expected to run hot again, the FOMC is unlikely to alter its stance on interest rates. The retail sales figure may also be disappointing, given the impact on spending that higher prices and interest rates have.
The next move for the S&P will be telling. If the market manages to move up to a new high this week, the odds of it setting a new all-time high are near certain. If not, the market will remain range-bound for the foreseeable future and a Santa Claus Rally is unlikely. In that scenario, a move to retest support near 4,550 is the least investors should worry about because a much deeper correction could be coming. Featured: Could this be crypto's biggest Trump win? (Ad) 
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Stocks | | |
The acronym "CPI" for Consumer Price Index may seem familiar if you pay attention to the stock market. It's constantly mentioned in the headlines when referring to inflation.
How is an acronym few people knew or cared about just a few years ago now a top news story and significant stock mar... Read the Full Story |
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Stocks | | |
The COVID-19 pandemic has shown the world that e commerce stocks are here to stay, even as in-person shopping returns to pre-pandemic levels.
The e-commerce market has taken a significant market share, with every major individual retailer now offering some form of online shopping experience... Read the Full Story |
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Tech | | |
The technology sector has led the way in 2023, boasting incredible gains and technological advancements, especially in Artificial Intelligence (AI). The Invesco QQQ ETF (NASDAQ: QQQ), which tracks the performance of the Nasdaq-100 Index, is up an impressive 47.28% versus the overall market, up 20.... 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 | | |
The overall markets have been on a tear lately, set to close the year off in style, near their 52-week highs. The popular S&P 500 ETF, the SPDR ETF Trust (NYSE: SPY), made a new 52-week high last week and looks set to continue its impressive surge as the end of the fourth quarter approaches.&n... Read the Full Story |
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Stocks | | | Wall Street climbed back to its best level in 20 months on Friday following a stronger-than-expected report on the U.S. job market.The S&P 500 rose 0.4%, enough to clinch a sixth straight winning week for the index, which is its longest such streak in four years. Wall Street’s main measure of he... Read the Full Story |
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Markets | | |
A look at the Boeing Co. (NYSE: BA) chart shows the stock in buy range after taking off from a cup-shaped base. Shares ended the December 8 session at $244.70. That's less than 1% above the base's buy point at $243.20.
Boeing, along with Goldman Sachs Group Inc. (NYSE: GS), led the Dow Jone... Read the Full Story |
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Markets | | | U.S. employers added a healthy 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession Read the Full Story |
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Markets | | | The solid hiring revealed in Friday’s jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a “soft landing” next year rather than a widely feared recession Read the Full Story |
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Markets | | | The Federal Trade Commission is investigating Chevron's acquisition of Hess oil company, the second inquiry the independent agency has opened this week of a major oil industry merger.Chevron and Hess said in separate filings that the FTC is seeking additional information and documentary materials re... Read the Full Story |
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Markets | | | Chinese leaders agreed at an annual planning meeting to step up spending to help rev up the world's second-largest economy, state media reported Friday, without giving details of any policy changes. The official Xinhua News Agency said leader Xi Jinping chaired the meeting aimed at boosting growth, ... Read the Full Story |
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Monday's Early Bird Stock Of The Day Chewy, Inc., together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications. The company was founded in 2010 and is based in Plantation, Florida. | | View Today's Stock Pick |
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