Good MorningThe S&P 500 advanced for another day to set another new all-time high. The move follows an FOMC policy meeting in which the Fed reaffirmed its outlook for three interest rate cuts this year. The market interpreted the news as an all-clear for stocks, opening the door to another double-digit gain in equities. The risk is that the market is becoming extended and set up for a correction; the higher it gets now, the deeper it will fall when the correction comes.
The next trigger for a stock market correction is the FOMC meeting in May. That meeting should include statements about how a rate cut will come within the next two meetings. The risk is that inflation and economic data remain solid and will prevent the Fed from cutting rates as planned. In this scenario, the Fed may not cut rates in 2023, undercutting the outlook for economic and S&P 500 earnings growth acceleration. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Finance | |
Spot Bitcoin exchange-traded funds, including the iShares Bitcoin Trust (NASDAQ: IBIT), Grayscale Bitcoin Trust (NYSEARCA: GBTC), Fidelity Wise Origin Bitcoin Fund (NYSEARCA: FBTC), ARK 21Shares Bitcoin ETF (BATS: ARKB) and Bitwise Bitcoin ETF (NYSEARCA: BITB), have seen redemptions in recent days... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Technology | |
Despite skepticism about the company's valuation, social media Website and app Reddit Inc. debuted on the New York Stock Exchange under the ticker symbol RDDT.
The stock finished the March 21 session at $50.44, an increase of 48% over the pricing of $34, which was already at the high end of the c... Read the Full Story |
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Retail/Wholesale | |
Chewy's (NYSE: CHWY) share price is ready to rebound. The stock is trading near historic lows despite growth, margin improvement, and improving shareholder value, and it is oversold. The price action is extended, down more than 85% from its highest levels and diverging from the indicators. Indicat... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Markets | |
The online economy is about to take another shift soon. More influencers and advertising budgets saw unparalleled opportunity in Bytedance’s up-and-coming platform, TikTok; however, its days in the U.S. market are now ticking. After passing a bill that would force Bytedance to spin off TikTo... Read the Full Story |
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Construction | |
KB Home’s (NYSE: KBH) stock price can increase in 2024 despite struggles with traction following the Q1 release. The company is firing on all cylinders and driving value for shareholders with no signs of stopping.
If anything, the F2024 guidance is weak because there is a change in the win... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Aerospace | |
Intuitive Machines (NASDAQ: LUNR) has positioned itself as a pivotal player in the space exploration and aerospace sector, where ambition and innovation collide. Intuitive Machines embodies the spirit of the new space age from its historic lunar landing, marking the United State’s return to ... Read the Full Story |
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Finance | |
The FOMC news was good for the market despite failing to indicate when the first interest rate cut would come. While the timing of reductions is questionable, the Fed reaffirmed an outlook for three twenty-five basis point cuts this year, three for next, and three for 2026, eventually bringing the... Read the Full Story |
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Markets | |
For investors, few terms strike as much fear as "bear market."
Like being face-to-face with a predator in the wilderness, a bear market represents a period of decline where prices plummet and pessimism prevails. By the time you're done reading this article, you'll know which is the longest bear ... Read the Full Story |
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Technology | |
If you've ever believed that a stock was headed lower but didn't want to take on the risk of short-selling the stock, then you can consider using options strategies instead. We've heard horror stories about short sellers who blew up their trading accounts when caught in a short squeeze. However, o... Read the Full Story |
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Technology | |
Micron Technology (NASDAQ: MU) is perfectly positioned to follow in the footsteps of AI leader NVIDIA (NASDAQ: NVDA). Where NVIDIA commands the bulk of data center market share and, by extension, the AI accelerator market, Micron commands a large portion of the memory chip market, which AI also ai... Read the Full Story |
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Friday's Early Bird Stock Of The Day Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. It is also involved in the operation of the Formula 1 Paddock Club hospitality program; and provision of freight, logistical, and travel related services for the teams and other third parties, as well as the F2 and F3 race series. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group operates as a subsidiary of Liberty Media Corporation. | | View Today's Stock Pick |
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