Good MorningEquity markets advanced last week, but the top to this rally is closer than ever. The bulk of the week's movement occurred on Friday, which is a generally bullish signal but met resistance near recent highs. The technical picture suggests the market hit the ceiling and stands to correct any day and maybe spurred to sell off this week. This week brings the latest labor market data, which is expected to align with labor market health and wage inflation.
The risk for markets is oil. Oil has been a wild card in 2023, but the odds are high that the price will rise soon. OPEC's latest production moves will take some time to impact but keep the supply/demand outlook tight. In this scenario, the price of oil is unlikely to stay down long and could rebound to the top of the EIA's target range for next year. That puts the price of oil at an average of $89 per barrel in 2024 and in position to keep inflation running hot. Featured: Exclusive: Get Ahead of the Market with Our Free Wealth Report (Ad) 
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Stocks | | |
Consumer discretionary stocks in 2023 present a captivating blend of potential growth, trend exposure and enticing dividends. As we research the best consumer discretionary stocks for the year's second half, we find that these stocks appeal to investors seeking dynamic investment opportunities.
L... Read the Full Story |
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From Our Partners | | Something extraordinary is happening in Washington.
For the first time in over a century, a sitting President could release a national treasure that's been tied up in red tape, for generations.
I'm talking about a $150 trillion American asset that's scattered across all 50 states.
While the mainstream media focuses on political theater, this story is quietly developing behind closed doors. | | We recently interviewed Rickards to get the full story and understand how everyday Americans can pre |
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Markets | | |
With the end of the year approaching, you need to make sure your portfolio is in the best shape possible. Considering that some investors will have to deal with a tax burden in a couple of months, cutting some losses - or preventing them - is the name of the game today.
Some on Wall Street have d... Read the Full Story |
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Tech | | |
Shares of the software technology company AppLovin (NASDAQ: APP) have been on fire this year, surging by over 263% year-to-date. The company, now categorized as a large cap, with a $12.84 billion market capitalization, has dramatically outperformed its sector and overall market.
The compa... Read the Full Story |
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From Our Partners | | The media and financial pundits are all misreading Trump’s actions.
They think Trump wants to make Canada the 51st state because he’s desperate for critical minerals…
They think his involvement in Ukraine is just another resource grab…
They think his tariffs will wreck the economy…
But they’re all missing the bigger picture. | | This is fast becoming the world’s most sought-after resource. |
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Stocks | | |
Consolidation in the health insurance industry has become a theme of 2023. Humana Inc. (NYSE: HUM) is reportedly in talks to merge with The Cigna Group (NYSE: CI) in a stock-and-cash deal. According to reports, the companies are hoping to fast-track the merger and get it completed before the end o... Read the Full Story |
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Stocks | | | A broad rally on Wall Street closed out a fifth straight week of gains for the market Friday, driving the S&P 500 to its highest level in more than a year.The benchmark index rose 0.6%, eclipsing its previous high for the year set in July. The Dow Jones Industrial Average closed 0.8% higher, whi... Read the Full Story |
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From Our Partners | | Bitcoin is on fire again.
Wall Street’s piling in. ETFs are smashing volume records. And regular investors are finally starting to believe.
But here’s the twist:
Some of the biggest profits aren’t going to the people who hold Bitcoin.
They’re going to those who “skim” it.
Bitcoin Skimming has already CRUSHED Bitcoin’s returns. | | Click here to see how the strategy works for yourself. |
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Markets | | |
Every so often, a move occurs in the stock market that can best be described as a 'black swan.' That is to say, a move that occurs in an individual stock that is exceedingly rare from a probabilistic standpoint.
This week, many will agree that a black swan event occurred when small-cap and micro ... Read the Full Story |
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Markets | | | Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday.Only 24% of economists surveyed by the National Association for Business Economics said they see ... Read the Full Story |
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Markets | | | Asian shares declined in cautious trading Tuesday ahead of some key reports this week on the U.S. job market that might provide insight into the Federal Reserve’s thinking about interest rates. U.S. futures slipped and oil prices were little changed. Japan's benchmark Nikkei 225 slipped 1.4% in morn... Read the Full Story |
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Markets | | | Europeans again saw some relief as inflation dropped more than expected to 2.4% in November, the lowest in over two years, as plummeting energy costs have eased a cost-of-living crisis but higher interest rates squeeze the economy's ability to grow.Inflation for the 20 countries using the euro curre... Read the Full Story |
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Markets | | | An official survey of Chinese manufacturers shows that factory activity contracted for a second straight month in November, an indicator of weak demand despite various stimulus measures aimed at supporting the economy. The official manufacturing purchasing managers’ index fell to 49.4 in November, d... Read the Full Story |
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Monday's Early Bird Stock Of The Day Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly. It serves education, healthcare, travel, and business to business organizations. The company was formerly known as peerTransfer Corporation and changed its name to Flywire Corporation in December 2016. Flywire Corporation was incorporated in 2009 and is headquartered in Boston, Massachusetts. | | View Today's Stock Pick |
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