Good MorningThe equity market continued to grind higher on Thursday. The S&P 500 advanced half a percent and is now a striking distance of an all-time high. The all-time is about 60 S&P points above Thursday's close, about 1%, and could be reached in a single session. The question is, if it will, what will happen then? Will the market continue to set new highs over the summer, or will sell-in-May-and-go-away grip the market?
Friday's action may take the market to a new high because of a wait-and-see attitude regarding selling. The next big hurdles for the market will come next week when retailers like Home Depot and Walmart release earnings; and on Wednesday with the release of the CPI index. The CPI is not expected to show a significant slowdown in inflation and will keep the FOMC from altering course. This means the first rate cut will come in late summer, if at all.
Featured: Elon to Transform U.S. Economy? (Porter & Company) 
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Markets | | | When U.S. government officials decide to take on a view for a particular stock, Main Street investors could benefit by trying to figure out where and why these people decide to invest. Today, there is a clear technology sector preference on the part of California representative Nancy Pelosi. ... Read the Full Story >> |
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Stocks | | | Could the meme craze of 2021 be making a comeback? This question arises after shares of the popular meme stock GameStop (NYSE: GME) have surged 66% month-to-date on no fundamentally changing news. Instead, the move appears to be driven by retail speculation, which has returned in droves as the sto... Read the Full Story >> |
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Markets | | | Savvy stock investors often look for bargains using the Relative Strength Index (RSI). This technical tool evaluates a stock's performance over the last 14 days and assigns a value from 0 to 100. Compared to many other technical indicators out there, the RSI is easy to read: anything above 70 sugges... Read the Full Story >> |
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Tech | | | Unity Software (NYSE: U) develops and distributes a platform for creating and operating interactive, real-time 3D content. The company released its first quarter 2024 earnings report, which provided valuable insights into Unity Software’s financial performance and strategic direction. As ... Read the Full Story >> |
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Markets | | | U.S. stocks coasted to the close of another winning week on Friday.The S&P 500 rose 8.60 points, or 0.2%, to 5,222.68 to finish a third straight winning week following its mostly miserable April. It had been on pace for a bigger gain in the morning, but that mostly disappeared following a discou... Read the Full Story >> |
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Markets | | | JFrog (NASDAQ: FROG) is a small DevOps platform shaking up an industry projected to grow at a 20% CAGR for the next five years. Its Enterprise+ package provides an end-to-end software supply chain that resonates with users, which is important in today's world of accelerating digital usage and AI. ... Read the Full Story >> |
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Markets | | | James "Jim" Simons, a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one of the nation's biggest philanthropists, has died at age 86.The charitable foundation that Simons co-founded with his wife, Marilyn, announced that Simons died Friday in New Yo... Read the Full Story >> |
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Markets | | | New York's legal cannabis market has been hampered by inexperienced leaders who treated the agency like a "mission-driven" startup rather than a government office, according to an internal review released Friday.The report detailed several problems at the state Office of Cannabis Management, includi... Read the Full Story >> |
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Markets | | | New York's legal cannabis market has been hampered by inexperienced leaders who treated the state licensing agency like a "mission-driven" startup rather than a government office, according to an internal review Read the Full Story >> |
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Markets | | | The British economy bounced back strongly in the first three months of the year, bringing to an end to what economists termed a "technical recession", official figures showed Friday.The Office for National Statistics said the economy grew by 0.6% in the first quarter from the previous three-month pe... Read the Full Story >> |
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