Good MorningEquity markets advanced on Monday, setting the S&P 500 up for an 8th consecutive week of gains. The move took the index up about 0.75% at the session's high to set a new multi-year high just shy of the current all-time high. Because the market continues to show resilience and momentum in the face of high interest rates and inflation, it should be expected to continue higher. The question is what the market will do once the all-time high is reached.
The primary market-moving event for the week is the PCE price index, due on Friday. The index is expected to confirm slowing inflation by posting the lowest pace in three years since the inflation surge began. The risk now is that inflation will cool faster than expected and lead the market to another extreme, an extreme in which disinflation and deflation lead to recession. Assuming the data is as expected, Santa Claus should come to town for the traditional Santa Claus Rally. Featured: Jeff Bezos’ honeymoon humiliation (Ad) 
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Markets | | |
Over the past month and quarter, you'll struggle to find a better-performing, blue-chip industrial stock than the high-flying Boeing (NYSE: BA). The industrial giant's shares have surged almost 27% over the last month and are now up nearly 38% year-to-date (YTD).
Although the overall mark... Read the Full Story |
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Stocks | | |
The investor-led $5.8 billion bid for the acquisition of Macy's Inc. (NYSE: M) sent the company's shares soaring over 20%. Retailer stocks in the consumer discretionary sector spiked as well. While nothing has developed from the rumor, the market continues to keep shares elevated, perhaps due to b... Read the Full Story |
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Tech | | |
The computer and technology sector is constantly evolving as companies rise and fall with each new trend and innovation. It's common to see former leaders and high flyers flame out as new leaders emerge and take over the reins. It's much less common to see former leaders emerge from the ashes and ... Read the Full Story |
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Stocks | | |
NVIDIA (NASDAQ: NVDA) will continue to lead the AI semiconductor market in 2024, but signs are growing other companies are also well positioned, and there is market share to be gained. The opportunity is twofold. First, the rapidly accelerating demand for AI chips is a ship that will lift all stoc... Read the Full Story |
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Stocks | | |
The BEV battery electric vehicle market isn’t extinct or even dying. Still, several developments suggest that it has matured quicker than expected, demand is less than forecast, and the hybrid vehicle market is getting a lift. This means that OEMs are turning away from their EV plans and ref... Read the Full Story |
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From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
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Markets | | | Asian shares were mixed Tuesday after a seven-week winning streak on Wall Street cooled. U.S. futures were flat and oil prices edged higher. Tokyo's Nikkei 225 index gained 0.9% to 33,063.00 after the Bank of Japan kept its ultra-lax monetary policy unchanged, as expected. The dollar rose against th... Read the Full Story |
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Markets | | | A donor-advised fund devoted to supporting the United Nations Sustainable Development Goals has leapt from being a relatively minor charity to one with an asset size comparable to behemoths like the Andrew W Read the Full Story |
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Markets | | | The Bank of Japan kept its longstanding easy credit policy unchanged on Tuesday, saying it will watch price and wage trends before raising its negative benchmark interest rate. The BOJ policy decision was widely expected. But investors and analysts believe the central bank is tip-toeing toward a shi... Read the Full Story |
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Markets | | | Japan's Prime Minister Fumio Kishida pledged to lead efforts to simultaneously achieve decarbonization, economic growth and energy security in Asia, an ambitious goal he set Monday at a regional climate summit attended by Southeast Asian leaders. Kishida told the summit of the Asia Zero Emission Com... Read the Full Story |
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Markets | | | Germany's economy is likely to shrink again slightly in the current fourth quarter, the country's central bank said Monday, while a survey showed business confidence retreating unexpectedly.Europe’s biggest economy contracted by 0.1% in the third quarter after growing by the same amount in the previ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Nutanix, Inc. engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA. | | View Today's Stock Pick |
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