Good MorningEquity markets sold off on Wednesday, led by tech. The NASDAQ Composite shed roughly 2%, followed by 1% losses for the S&P 500 and the Dow Jones Industrial Average. The rising 10-year treasury rate and weak existing home sales drove the move. The 10-year treasury rate, which is the base rate for products ranging from car loans to credit cards and mortgages, rose to the highest level since July as the market reprices the outlook for Fed policy. The latest data suggests caution on the part of the Fed and a slower-than-forecasted pace of policy reduction.
At the same time, the pace of existing home sales fell to the lowest level since 2010, down more than 3% YoY due to rising prices and costs. The average price of a home is up by mid-single digits and is likely to remain hot due to demand. The US housing inventory remains historically low, leaving prospective buyers few choices. If the S&P cannot recover quickly, the sell-off could deteriorate into a full-blown correction and take the S&P 500 down another 8% to 10% by the end of the month. Featured: SAGA Metals nears a key milestone in critical minerals race (Ad) 
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Markets | |
The demand for clean, reliable energy is skyrocketing, driven by concerns about climate change and energy security. Nuclear power could be a solution, and the industry is undergoing a rapid strategic shift that could transform the renewable energy sector. Once highly controversial, nuclear power i... Read the Full Story |
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From Our Partners | | In 1984, a 10000 dollar stake in Apple could have grown to 25 million dollars for early investors who simply got in before the Macintosh launch.
Tech analyst George Gilder says a similar setup is forming today, but instead of one company, he points to three that he calls the Trillion Dollar Triangle.
Gilder argues these three companies represent connected pieces of one major shift rather than competitors racing for the same outcome. | | See the three companies in Gilder's Trillion Dollar Triangle setup |
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Markets | |
Following the government's announcement of significant economic stimulus measures, Chinese stocks recently experienced a major rally, with some soaring as much as 100% from their 52-week lows. However, the surge has since cooled, with a pullback emerging over the past two weeks, raising the questi... Read the Full Story |
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Technology | |
The stock market can trap investors who get either too long or too short on a specific company or trend. Whenever this happens, the market has a way of correcting these imbalances through sharp rotations. Those who are too long on a stock or trend and see a sharp selloff will likely run for the ex... Read the Full Story |
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From Our Partners | | Deutsche Bank's research team projects gold could reach $8,000 per ounce by 2031, roughly 80% above current prices, as central banks continue shifting reserves away from the U.S. dollar.
It's not alone: JPMorgan sees $6,000 by year-end, Goldman Sachs $5,400, and UBS $5,900 by late 2026 - three major banks already forecasting gold above $5,000.
For retirees holding savings mostly in dollars, cash, or bonds, this shift could matter more than most realize. | | Download the free Wealth Protection Guide to see how you're positioned |
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Consumer Staples | |
It's been a good year in the stock market so far; however, one group of companies that hasn’t performed as well as others are those in the consumer staples sector. This includes companies making and selling essential products like food. The Consumer Staples Select Sector SPDR Fund (NYSEARC... Read the Full Story |
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Technology | |
Palantir Technologies Inc. (NYSE: PLTR) is taking a breather after climbing to over $43 a share in early October. The stock had dropped 3.7% from peak to trough and climbed above $43 but has failed to push past what appears to be forming a level of resistance.
One reason for the choppy price ... Read the Full Story |
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From Our Partners | | Regular investors rarely make money on IPO day. The real winners are insiders, founders and big banks who invested long before the company ever went public.
Michael Robinson, Director of Tech Strategies at Weiss Ratings, says there's a way to see what could be the biggest AI IPO in history before it hits the market.
This kind of early access is normally reserved for elite insiders. Robinson's research points to one opportunity worth a closer look now. | | Click here to learn how to access this AI IPO before it goes public |
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Consumer Discretionary | |
Since becoming a publicly traded stock in April 2024, shares of food deliver robot maker Serve (NASDAQ: SERV) have gone on a wild ride. Shares fell gradually for several months after going public. Then, in a matter of two weeks, they rose by 630% after NVIDIA (NASDAQ: NVDA) disclosed an investme... Read the Full Story |
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Markets | |
The price of gold has reached a fever pitch, breaking its record price almost forty times this year. Gold's most recent record highs saw the precious metal soaring to over $2,750 per ounce. The surge is driven by a potent mix of macroeconomic forces and investor sentiment that has pushed gold pric... Read the Full Story |
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Energy | |
The price of natural gas is expected to remain low for the foreseeable future because of the ramping production. A lot of it is available, and the infrastructure is improving rapidly. Natural gas production is driven by the need to decarbonize and a need to power AI, which also drives demand. Dema... Read the Full Story |
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Markets | |
The stock market typically reflects the consensus belief toward an economy, and today, the S&P 500 calls for continued economic growth in the coming quarters. However, a major warning sign suggests that most—if not all—of this potential future growth has already been priced into th... Read the Full Story |
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Industrials | |
UL Solutions Inc. (NYSE: ULS) is a company in the business services sector that may not sound familiar, but its trademark, the UL Mark inside a circle logo, likely does. The UL Mark can be found on home appliances, furniture, smart devices, plumbing products, smoke detectors, fire extinguishers,... Read the Full Story |
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Thursday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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