Good MorningThe S&P 500 moved modestly higher on Tuesday while traders and investors waited for the July CPI report. The report, expected to show cooling inflation, is not expected to alter the trajectory of FOMC interest rate hikes, but that may not matter. The summer market is melting up on AI while most market participants sit on the sidelines in wait-and-see mode. They are waiting to see if the FOMC will cause more banks to fail and spark the recession looming in the last 4 quarters.
The market is melting-up now, but how high it goes depends on the economy. If the economy can withstand another 25 or 50 basis points of interest rates, the S&P 500 could set a new all-time high. The risk is that rising rates will cause more bank failures and other signs of economic distress exist. The pace of layoffs remains robust, suggesting rotation within the labor market as businesses adjusted to the "new normal".
Featured: Trump’s treachery (Ad) 
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Like most of us, you want financial security in your golden years. By age 60, you should have a solid understanding of whether or not you will have enough money to live on after you leave the workforce.
To retire with the necessary funds, you must understand how to invest at age 60. This ar... Read the Full Story |
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Markets | | | Asian stock markets followed Wall Street higher Tuesday ahead of an update on U.S. consumer prices that traders hope will show inflation is easing, reducing the need for more interest rate hikes.Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices rose.Wall Street's benchmark S&P 500 index... Read the Full Story |
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Interested in learning the best way to invest in crypto for beginners? Crypto's reputation has suffered from countless scandals since the market receded from all-time highs in the fall of 2021. But despite the negative headlines and questionable regulatory status, crypto market caps remain substan... Read the Full Story |
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From Our PartnersREVEALED: $194 Trillion Trump Market Pattern
Trump fires off a tweet and stocks tank…
He gives a speech and the markets soar…
Now, a new Trump executive order is set to set off a wave worth a potential $194 trillion in the markets.
And Wall Street insider Larry Benedict says it could hand investors who missed out on Trump’s first term a second chance. | | | Click here to discover this exciting new trading pattern. |
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Stocks | | | Asian shares were mostly higher on Wednesday after stocks advanced on Wall Street as investors awaited an update on U.S. inflation that will hopefully show a smaller increase in pain for everyone. Hong Kong's Hang Seng index jumped 1.3% to 18,907.36 and the S&P/ASX 200 in Australia added 0.3% to... Read the Full Story |
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Retiring early is a dream scenario for many Americans, but that dream can quickly become a nightmare without proper preparation. A career provides a steady paycheck, healthcare, benefits like a 401(k) match and a sense of purpose.
It also gives us time to invest in the markets and build a n... Read the Full Story |
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Markets | | | The Bank of England has warned that households across the U.K. are facing mounting problems from the sharp increase in interest rates but says the country’s biggest banks are resilient enough to offer more help than they were able to before the global financial crisis 15 years ago Read the Full Story |
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The Walmart Inc. (NYSE: WMT) shopping experience doesn’t conjure up the same digital efficiency as clicking the Amazon.com Inc. (NASDAQ: AMZN) “buy” button, but there’s more going on behind the scenes of the big box retailer.
Walmart has been investing in not only th... Read the Full Story |
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Markets | | | Bank of America must reimburse customers more than $100 million and pay $150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts without customer consent Read the Full Story |
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Markets | | | Saudi Arabia has deposited $2 billion into Pakistan’s central bank, a much-needed financial boost ahead of a critical meeting of the International Monetary Fund on the new bailout package for the cash-strapped South Asian country Read the Full Story |
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Age 50 is a crucial milestone for retirement savers. Most workers' 50s are prime earning years, and building up a retirement nest egg should take on increased importance.
But not everyone keeps up with retirement savings goals. Some Americans have no retirement savings at all. Saving for re... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo. The company sells its tickets through various distribution channels, including delta.com and the Fly Delta app; acts as a reservations specialists; and operates online travel and traditional brick and mortar agencies. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages to third-party consumers. The company operates through a fleet of approximately 1,273 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia. | | View Today's Stock Pick |
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