Good MorningThe equity market resumed its selloff on Tuesday as investors brace for the PCE price index. The PCE price index is due on Friday and is expected to show inflation accelerating and point toward another FOMC interest rate hike. The increase in fear is significant because the market is not concerned about a single 25 basis point hike but the possibility of several more hikes. That fear is manifested in the 10-year Treasury yield, which gained about a half percent to move to a new high and the highest level since 2007. The charts look like the 10-year yield could move up above 5.0% soon and remain at those levels indefinitely.
The VIX is another concern for investors. The VIX is the S&P 500 "fear index," and it had fallen to the post-pandemic low due to complacency. Now the index is surging higher, at the highest levels in a month, and heading higher based on the indications. In that scenario, the VIX could rise 50% to 100% from its current levels, which suggests another 20% decline in the S&P 500.
Featured: Bank Collapse Causes Gold Prices to Soar (Stansberry Research) 
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Cisco (NASDAQ: CSCO) surprised the market when it reiterated an intention to buy Splunk (NASDAQ: SPLK). While some analysts wonder why the deal was proposed, others look to see which stocks are up next for acquisition. Regardless of the reasons, the $28 billion all-cash deal is a significant premi... Read the Full Story |
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Semiconductor stocks have struggled over the past few months and present an opportunity for traders as the Q3 earnings season approaches. Many of these stocks have been beaten down hard and are oversold, presenting an above-average opportunity for a rebound.
Oversold conditions exist when a... Read the Full Story |
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You only need to look at the one-month decline in AI chip powerhouse Nvidia Corp. (NASDAQ: NVDA) to understand that something has changed. Is Nvidia's pullback a sign that the AI rally that fueled big tech sector gains is taking a breather as interest rates rise?
After advancing as much as ... Read the Full Story |
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From Our PartnersAfter a huge 111,000% success in Monster Energy, this CEO is jumping on the health trend with a drink that has no added sugar and is 100% plant-based. The energy drink industry is growing at an over 7% CAGR and most of the market is owned by drinks which everyone knows are poor for your health. Now investors are presented with a healthy alternative in a sector that is set to explode past $86B. | | | | Learn more about the next billion-dollar beverage investment. |
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Will the government shut down? Despite the hot rhetoric, it doesn't seem possible. One reason for that is its effect on our defense industry. Funding for Ukraine as part of an omnibus defense bill is one of the key points of contention for lawmakers.
However, with multiple current and pote... Read the Full Story |
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Markets | | | Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. The increase also complicates the global fight against inflation and feeds Russia's war chest. That poses problems for politicians as well as the people having to spend more to get to work, ... Read the Full Story |
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Amazon.com Inc. (NASDAQ: AMZN) hasn’t been among the tech names most investors think of when considering AI plays, but that may change.
The company said it’s investing as much as $4 billion into privately held generative AI firm Anthropic, and may take a minority ownership stake... Read the Full Story |
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Markets | | | Chase UK, JP Morgan's British digital bank, says it will bar customers from making cryptocurrency transactions starting next month — citing an uptick in scams and fraud.From Oct. 16 onward, Chase customers will no longer be able to make crypto transactions using their debit card or through an outgoi... Read the Full Story |
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Markets | | | JPMorgan Chase agreed Tuesday to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein.JPMorgan said that $55 million of the settlement will go toward local charities that provide assistance to victims of dom... Read the Full Story |
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Markets | | | The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period.The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 103 in September fr... Read the Full Story |
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Markets | | | The head of the European Central Bank says interest rates will stay high long enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.” Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts. It also provides commercial real estate, residential real estate mortgage, agricultural, and commercial and industrial loans; consumer loans, including motor vehicle, home improvement, and home equity loans, as well as loans secured by savings accounts and personal credit lines. In addition, the company originates, administers, and services commercial insurance premium loans, equipment finance loans, and small business administration loans. It operates full service domestic banking offices, and mortgage and loan production offices. The company was founded in 1971 and is headquartered in Atlanta, Georgia. | | View Today's Stock Pick |
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