Good MorningEquity markets have peaked, and the correction is on. The market has begun to reprice itself on the idea that the FOMC will not cut rates this summer or possibly this year and is heading for lower price points. The caveat for the bears is that the economic data is still solid, sustaining inflation and S&P 500 earnings growth. The downturn may not be over, but a sustained downtrend is unlikely.
Today's NFP news may accelerate the sell-off. The NFP is expected to show solid gains, low unemployment, and rising wages in alignment with labor market health and high inflation. The takeaway is that solid labor markets are a sign of economic health, and one of the Fed's two mandates is met with no signs of weakness, leaving them to focus on the problem at hand: inflation.
Because the FOMC has rates at historically high levels, it has ample ammunition to stimulate the economy with policy and is unafraid of recession. The committee can step in and prop up the economy at the first signs of trouble, which means the Fed Put is in place. Today's downturn will soon turn into a buying opportunity. Featured: Exclusive Insight: Unveil the #1 Buy & Hold Stock of 2024 (Darwin) 
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Stocks | | | The S&P 500 was up more than 10% in the first 3 months of 2024, soaring to new all-time highs on the back of a recovering economy and artificial intelligence excitement. With a new bull market following 2022’s lengthy decline, investor and consumer sentiment is trending upward. With inte... Read the Full Story >> |
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Markets | | | High short interest is a recipe for sharp stock price movements, and when the shorts are getting squeezed, the movements can be the sharpest. The stocks on this list are not only high-short interest stocks with upward price pressure; they are among the most shorted stocks listed on Marketbeat&rsqu... Read the Full Story >> |
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Stocks | | | With gains of almost 30% since November, it's been one of the better multi-month runs in the S&P 500 in recent memory. It's looking increasingly likely that inflation has been tamed by a Fed that's managed to thread the needle and get it under control without causing a recession. Most stocks h... Read the Full Story >> |
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Markets | | | The U.S. and China agreed to hold talks that will address a key American complaint about China's economic model, Treasury Secretary Janet Yellen said Saturday on the second day of an official visit to China.The two sides will hold "intensive exchanges" on more balanced economic growth, according to ... Read the Full Story >> |
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Markets | | | Shares of Intel (NASDAQ: INTC), one of the world's leading manufacturers of microchips and microchip-enabled products and services, recently broke below a significant consolidation and its 200-day Simple Moving Average (SMA). The considerable momentum shift and a recent negative catalyst have turn... Read the Full Story >> |
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Markets | | | Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, would-be homeowners — pretty much everyone — began obsessing over a single question: When will the Fed start cutting rates Read the Full Story >> |
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Stocks | | | Stocks ended solidly higher and bond yields rose Friday as Wall Street welcomed a surprisingly strong U.S. jobs report. The S&P 500 rose 1.1%, making up most of the loss from the previous day and moving closer to its record high set last week. The benchmark index still posted its first weekly lo... Read the Full Story >> |
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Markets | | | Southest Asian finance ministers and central bank governors have ended meetings in the Laotian city of Luang Prabang citing progress in building stronger regional institutions, but also noting serious challenges due to geopolitical tensions and volatile commodity prices Read the Full Story >> |
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Markets | | | The homebuilding industry, which is part of the construction sector, is known for its cyclical nature, with companies experiencing dramatic rises and falls in tandem with the housing market. Within this volatile sector, Beazer Homes USA’s (NYSE: BZH) story stands out as a compelling example ... Read the Full Story >> |
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Markets | | | The head of the Environmental Protection Agency on Friday defended a new $20 billion federal "green bank" program, saying it will finance a variety of projects to create low-carbon solutions to combat climate change, including in disadvantaged communities that are most affected by pollution.The mone... Read the Full Story >> |
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