Good MorningEquity markets closed out the week with a gain, making the 8th consecutive weekly increase for the S&P 500. The hope for FOMC rate cuts early in 2024 has driven the move, and this week's PCE price index aligned with the outlook. The index came in at 3.1%, slightly cooler than expected, suggesting the Fed's soft landing is fast approaching.
The question is if the economy will hit the ground running or crash through, and either scenario is unfavorable to equities. On the one hand, disinflation and deflation will lead to recession and on the other, consumer inflation remains hot for years with a risk that it will accelerate and drive the FOMC back into rate-hiking mode.
Santa Claus Rally or not, the S&P 500 is approaching its next major turning point. The index may continue higher and set new highs in 2023 or be contained by resistance. The following week could be telling, but investors should not read too much into holiday-week trading. The true test of the market will come in January.
Featured: The DOJ Just Paved the Way for Account Seizures (Ad) 
|
Markets | | |
Move over FAANG, there’s a new and improved basket of stocks leading the way: The ‘Magnificent Seven.’
Earlier this year, Bank of America's Michael Hartnett dubbed a group of top stocks the "Magnificent Seven". These global leading companies focus on tech trends like AI, cloud c... Read the Full Story |
|
From Our Partners | | How to Collect Up To $5,917/mo From Trump's Made In USA Boom
Thanks to President Trump's America-First policies, a historic wave of investment is flooding back into the United States: Apple committing a colossal $500 billion to build new U.S. factories. Microsoft injecting $80 billion into domestic manufacturing. Nvidia moving critical chip production back to America.
But here's the hidden opportunity: There's now a groundbreaking way for you to start collecting monthly checks from these very same companies— checks that could reach as high as $5,917 each month.
Don't miss your chance to participate directly in America's industrial comeback. | | Watch Now to Learn How to Get Your First Check in 30 Days |
|
Markets | | |
When Wall Street insiders talk, it is sometimes helpful to hear them out. A few gems may be gotten from their extensive reports, assuming you can get through them without dozing off into deep sleep. Anyways, analysts at The Goldman Sachs Group (NYSE: GS) have something to share with you today.
Wh... Read the Full Story |
|
Markets | | |
Santa Claus rally or not, the analysts are upping their targets on some high-quality tech names that stand to rally strongly in 2024.
Salesforce.com Inc. (NYSE: CRM), Zscaler Inc. (NASDAQ: ZS) and Workday Inc. (NASDAQ: WDAY) are all supported by secular trends that shoul... Read the Full Story |
|
From Our Partners | | AI breakthroughs. Inflation shocks. Energy rotations.
The market is moving fast — and the biggest winners often start small.
At Street Ideas, we focus on small-cap companies showing early momentum — before the crowd piles in. | | “3 Under-the-Radar Stocks Triggering Early Signals” |
|
Stocks | | | Asian shares advanced on Wednesday, tracking Wall Street gains as markets there reopened for what’s expected to be a quiet, holiday-shortened week of trading.U.S. futures were higher and oil prices were steady.Tokyo’s Nikkei 225 index added 1.2% to 33,681.24 as details of a policy meeting by the Ban... Read the Full Story |
|
Markets | | |
A Roth IRA is a tax-advantaged individual retirement account that you can use to contribute after-tax dollars. How many Roth IRAs can I have?
If you follow the rules, Roth IRAs have the advantage of tax-free growth and withdrawals.
You can have as many Roth IRAs as you desire, but the annual c... Read the Full Story |
|
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 |
|
Markets | | | Wall Street capped its eighth straight winning week with a quiet finish Friday, following reports showing inflation on the way down and the economy potentially on the way up.The S&P 500 rose 0.2% to sit less than 1% below its record set nearly two years ago. The Dow Jones Industrial Average sli... Read the Full Story |
|
Markets | | | Asian markets were steady in holiday-thinned trading on Tuesday, with some markets in the region closed for holidays. U.S. futures and oil prices edged higher. Shanghai’s benchmark led losses in Asia on heavy selling of technology and computer chip-related shares as worries revived over trade tensio... Read the Full Story |
|
Markets | | |
Investing wisely for retirement is crucial, especially as Social Security's reliability wanes amidst a growing national deficit. Relying solely on government subsidies could be a precarious gamble. Supplementing fixed income sources becomes essential; the earlier you start, the bigger your nest eg... Read the Full Story |
|
Markets | | | The Cuban government said Friday it will have to either increase prices for fuel and electricity, or reduce rations for basic supplies. President Miguel Díaz-Canel said such difficult measures were needed for difficult times, after the minister of the economy said Cuba’s economy contracted between 1... Read the Full Story |
|
Markets | | | The Czech Republic’s central bank cut its key interest rate Thursday hoping to give the country's struggling economy a boost.The cut by a quarter of a percentage point brought the interest rate down to 6.75%. It was the first time the bank cut the rate since June 22 last year.Last year the bank rais... Read the Full Story |
|
Tuesday's Early Bird Stock Of The Day UiPath Inc. provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric. It serves banking and financial services, healthcare, insurance, public sectors, manufacturing, retail, and telecom industries. The company was founded in 2005 and is headquartered in New York, New York. | | View Today's Stock Pick |
|
