Good MorningEquity markets hovered near record highs for a second day as traders and investors waited on this week's events. The CPI report, due today, is at the top of the list. The report is expected to show steady consumer inflation at the core level of nearly 2.6%. This aligns with the trend but raises the risk that the FOMC will wait for additional slowing before its next move. With Trump on his way to the White House, that may not be for some time. Trump's return to office will impact the economy even before he makes his first policy change because of the impact on sentiment. With regulatory hurdles and tax burdens expected to recede, CEOs and CFOs can start making plans for the next four years.
The S&P 500 is at a critical juncture, trading just beneath the 6,100 resistance target. If the market can move higher from here, the odds are high that the S&P 500 will continue higher through the end of the year and into 2025. In that scenario, the S&P 500 could advance to the 7,500 level or higher. Featured: Congress Is Talking Crypto. Here’s What It Means for You … (Ad) 
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Price action can be one of the best indicators for investors to keep track of when figuring out where the market is trying to go in the coming quarters. As it turns out, most – if not all – asset classes rose tremendously the morning after the United States presidential elections, and ... Read the Full Story |
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Once the United States presidential elections were over, there seemed to be an everything rally for the financial markets, or, as Warren Buffett likes to say, a rising tide lifts all boats. However, he also likes to add that when the tide goes out, that’s when everyone knows who’s been... Read the Full Story |
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Stocks | | | U.S. stocks drifted to a mixed finish Wednesday after the latest inflation update boosted hopes that more help for the economy will arrive next month through a cut to interest rates.The S&P 500 was nearly unchanged and edged up by less than 0.1%, coming off its first loss since a big rally eru... Read the Full Story |
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From Our Partners | | New Hampshire just launched a Strategic Crypto Reserve — and James Altucher says it’s the first sign that “Trump’s Great Gain” has officially begun.
Altucher believes select cryptos could turn $900 into $108,000 over the next 12 months — and he’s laying out the full gameplan in a new presentation. | | See Altucher’s Trump crypto prediction here |
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Beating the S&P 500 consistently is something many investors dedicate their lives to, but few are able to reach the lofty goal. Often just called “the S&P," this index has cemented its place as the primary measuring stick to which “active” investors compare themselves. Ac... Read the Full Story |
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Home Depot (NYSE: HD) is moving higher on the combined forces of outperformance and an expectation for tailwinds to develop in 2025. Better-than-expected consumer trends, acquisitions, and the pro-business drive outperformance in 2024, leading the company to improve guidance against a backdrop of ... Read the Full Story |
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From Our Partners | | President Trump’s
“Pure Genius” Crypto Plan
First came “Make America Great Again” (MAGA)…
Then came “Make America Healthy Again” (MAHA)…
Now comes President Trump’s boldest initiative yet. Jeff Brown calls it “Project MAFA.”
It’s a revolutionary crypto plan that could flood a tiny corner of the market with up to $3.7 trillion.
Already, it’s helping small plays jump as high as 300%, 318%, 520%, and even 600%. | | For a few days only, Jeff’s sharing everything — including how to get a huge discount on his researc |
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Every earnings season has its share of outperformers, companies that report blowout quarters and raise their forecasts. The market reacts quickly sending shares sharply higher. The third quarter of 2024 earnings season is no different. If you want to track the best of the best when it comes to cru... Read the Full Story |
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Stocks | | | Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House.The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates through policies aimed at knocking out inflation. But his proposed economic ... Read the Full Story |
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Stocks | | | After ripping higher for much of this year, the price of gold has suddenly become not so golden since Donald Trump's victory in the presidential election. Gold fell more than 4% in the four days since Election Day, when the broad U.S. stock market climbed nearly 4%. That's even though investors are ... Read the Full Story |
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Markets | | | Home Depot continued to deal with a pullback in spending from customers in its fiscal third quarter, but it was less severe than in the past, and its performance beat Wall Street's expectations. The home improvement retailer also boosted its full-year revenue outlook.Revenue for the Atlanta-based co... Read the Full Story |
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Markets | | | All that's left is for President-elect Donald Trump to put his name on it — if he wants.Trump won the White House in large part because of voters' frustration with high prices and a sense that the United States needs major changes. But when he enters office in January, Trump will inherit an economy ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Sabra Health Care REIT, Inc. engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA. | | View Today's Stock Pick |
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