Good MorningEquity markets are hovering near record highs and need a catalyst. The FOMC failed to invigorate the rally, leaving it vulnerable to a correction to firmer support levels. The next visible catalyst is the PCE price index, due on Friday. If it affirms an outlook for accelerating inflation, the next significant market move could be to sell, and the selling could begin soon. The critical support level is near 5,900 and could be reached in a matter of days.
The risk for the FOMC and equities also lies in the other data. The retail sales figure reveals sales slowing at a faster-than-expected rate, suggesting a consumer-led recession is at hand. If spending doesn't improve in the upcoming reports, the recession is all but assured. The problem for the FOMC is that inflation may not subside regardless of the recession due to tariffs, resulting in stagflation and the need for higher interest rates. The problem for investors is that positive catalysts, including trade relief, could emerge at any time, making the summer of 2025 one of the most uncertain periods on record.
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Stocks | | | U.S. stocks drifted to a mixed finish on Friday in a quiet return to trading following the Juneteenth holiday.The S&P 500 fell 0.2% to close out a second straight week of modest losses. The Dow Jones Industrial Average added 35 points, or 0.1%, and the Nasdaq composite fell 0.5%. Treasury yield... Read the Full Story |
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Understanding incentives and narratives in the market is just as important as understanding its history; however, two truths remain constant through the test of time. People typically buy a stock to make a profit, but these same participants often hesitate to sell a stock just to realize those pro... Read the Full Story |
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Markets | | | Shares of Super Micro Computer Inc. (NASDAQ: SMCI) have been subject to significant volatility in recent months, largely due to negative headlines and other developments within the technology sector. However, most (if not all) of these negative outlooks have already been proven to be fixed and overc... Read the Full Story |
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From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
Back in 2018, when Jeff Brown told everyone to buy Tesla…
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When investing in the stock market, there is no better commodity than independent thought, as following the lead of other investors or professionals who share their views publicly can often be a futile endeavor. However, there are times when a little backing from the hands of experience can be use... Read the Full Story |
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Tech | | | The billionaire slated to take over the controlling interest in the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence.Mark Walter is CEO of the global investment and advisory company Guggenheim Partners, which is estima... Read the Full Story |
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Markets | | | Switzerland's central bank said Thursday it has reduced its target interest rate by a quarter of a percentage point, adding that inflationary pressures have eased. The Swiss National Bank says its policy rate would drop to zero from 0.25%, after noting that nearly flat inflation nosed into negative ... Read the Full Story |
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Exciting news just rose to the forefront for cryptocurrency stock Coinbase Global (NASDAQ: COIN). On June 18, shares of Coinbase surged 16%. The United States government took an important step that benefits the firm’s future. The U.S. Senate passed the Guiding and Establishing National Inn... Read the Full Story |
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Wall Street often turns to complex government reports to take the economy's temperature, but for many investors, a clearer signal comes directly from the aisles of The Home Depot (NYSE: HD). As the nation's largest home improvement retailer, its financial performance is deeply intertwined with t... Read the Full Story |
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Markets | | | Russia's economy is “on the brink of going into a recession,” the country's economy minister said Thursday, according to Russian media reports. Economy Minister Maxim Reshetnikov delivered the warning at the St. Petersburg International Economic Forum, the annual event in Russia's second largest cit... Read the Full Story |
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Markets | | | The Bank of England warned Thursday about the “highly unpredictable” geopolitical environment as it kept its main interest rate unchanged at the two-year low of 4.25%.With concerns mounting over the conflict between Israel and Iran, and uncertainty over U.S. President Donald Trump's tariff agenda, r... Read the Full Story |
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Friday's Early Bird Stock Of The Day Lululemon Athletica Inc., together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories. The company sells its products through a chain of company-operated stores; outlets; interactive workout platform; yoga and fitness studios, university campus retailers, and other partners; license and supply arrangements; and temporary locations, as well as through mobile apps and lululemon.com e-commerce website. It has operations in the United States, Canada, Mainland China, Australia, South Korea, Hong Kong, Japan, New Zealand, Taiwan, Singapore, Malaysia, Macau, Thailand, the Asia Pacific, the United Kingdom, Germany, France, Ireland, Spain, the Netherlands, Sweden, Norway, Switzerland, Europe, the Middle East, and Africa. Lululemon Athletica Inc. was founded in 1998 and is based in Vancouver, Canada. | | View Today's Stock Pick |
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