Good MorningEquity markets moved down to set a two-week on Thursday, ahead of the much-anticipated August labor market report. The report is expected to show resilient labor market conditions, with jobs growing by 160,000 and unemployment falling. The risk is twofold: As-expected data may keep the FOMC from lowering interest rates as hoped, while weak data could ignite fear of a recession. Markets are likely to continue falling in either scenario.
The S&P 500 shows a double top formation. The question is whether the market has turned a corner into a trading range or made a sharper turn and will head lower. The 5,500 is the critical level for Friday trading, and a large move is expected. The VIX shows an elevated level of fear, indicating an increased chance of volatility, if not a move lower for the S&P 500. Featured: He started with $2,000. Now he's at $3 million. (Ad) 
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Markets | | Emerging markets are rapidly growing economies transitioning from developing status to becoming major players on the global stage. They have experienced notable shifts in their economic structures, often marked by industrialization, rapid technological advancements, and expanding middle classes. Whi... Read the Full Story |
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From Our Partners | | A newly signed executive order is quietly reshaping how Americans use money, without a vote or a Senate debate.
Porter Stansberry's new documentary breaks down what this monetary shift could mean for savings, investments, and a specific group of assets tied to the initiative.
The last major reset, under Nixon in the 1970s, minted an average of 1,300 new millionaires a day for decades, while others fell behind. | | Watch the documentary to see what this monetary shift could mean |
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Finance | |
A lot of chatter has been going on around the subject of the U.S. economic situation right now. On one side, some market participants think that the S&P 500 could keep on making new all-time highs, while others believe that a recession is about to unleash a major bear market. Investors can pla... Read the Full Story |
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Technology | |
Few investors at the start of the year would have expected NVIDIA Corporation (NASDAQ: NVDA) to be “trading in bear territory” by the end of the summer. But that’s exactly what Goldman Sachs called it yesterday, as the tech titan continued to struggle for upward momentum after la... Read the Full Story |
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From Our Partners | | Jeff Brown, the analyst who flagged Bitcoin, Tesla, and Nvidia early, is tracking Elon Musk's next move. He points to a new AI project tied to Musk's Cybercab reveal.
Brown says Musk has opened major investment windows before, with PayPal, Tesla, and SpaceX marking milestones in tech history. He believes a fourth may open by October 30. | | See Jeff Brown's full analysis on Musk's new AI project |
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Markets | |
As U.S. interest rates remain elevated and the dollar continues its strong run for much of 2024, emerging market equities have still delivered impressive performances. While trailing behind the S&P 500, the iShares MSCI Emerging Markets ETF (NYSE: EEM) has climbed 5.7% year-to-date. The landsc... Read the Full Story |
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Real Estate | |
Investors might wonder whether the real estate sector will see a demand boon soon. Leaning on the promise of a Federal Reserve interest rate cut by the end of the year, most of the market is on the edge of their seats, and they are getting ready to pour into property. The problem is that this time... Read the Full Story |
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From Our Partners | | When Moonshot AI's new model rattled overnight markets, stocks gapped down 1 percent before the open, and history shows the story doesn't end there.
Between 9 30 and 9 50 AM, Wall Street settles nearly 25 percent of the day's total volume in a single 20 minute window, often revealing market direction for the rest of the morning.
A former money manager breaks down the floor data behind this pattern, including a June 25th session where inflation surged past 4 percent and the market moved just 0.3 percent afterward. | | Watch the full video breakdown before access is taken down |
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Markets | |
With so many investment options, it can feel overwhelming to choose the best combination. This can lead to having lots of positions, making it feel like there is always something to monitor and causing confusion around where one’s portfolio stands. Below, we'll examine three ETFs that can be... Read the Full Story |
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Finance | |
The cliché "Short-term pain for long-term gain" rings true in the stock market, notably during earnings season. Companies that miss forecasts or cut guidance find their stocks punished as investors jump ship for greener pastures. However, there is a distinction between guidance cuts based o... Read the Full Story |
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Communication Services | |
Snap Inc. (NYSE: SNAP) is the corporation behind the popular social media platform Snapchat. Despite Snapchat’s undeniable brand recognition and a loyal, growing user base, Snap’s stock price has dropped significantly, down 47% year to date and nearly 90% from its all-time high. Snap&r... Read the Full Story |
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Communication Services | |
Investors may think that home prices are the only way to play the real estate sector, whether by investing in physical property or crowdfunding platforms that allow retail investors to tap into the income and appreciation potential from owning a share in a portfolio of properties. However, there a... Read the Full Story |
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Technology | |
GitLab (NASDAQ: GTLB) shares wallowed over the summer, but those days are long behind it now that the Q2 results are in. The results show that AI-focused spending is shifting to applications development, where GitLab excels. It is the leading DevSecOps platform, providing an end-to-end solution fo... Read the Full Story |
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Friday's Early Bird Stock Of The Day Nerdy, Inc. operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals, delivering value on both sides of the network. Its learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group tutoring, large format classes, tutor chat, essay review, adaptive assessment, and self-study tools. The company's flagship business, Varsity Tutors, operates platforms for live online tutoring and classes. Its solutions are available directly to learners, as well as through education systems. The company was founded in 2007 and is headquartered in Saint Louis, Missouri. | | View Today's Stock Pick |
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