Good MorningThe S&P 500 was advanced to set another new high. The market has accepted the Fed's policy stance and is focused on S&P 500 earnings growth. The index is growing its earnings power, and growth is expected to accelerate over the next four quarters, providing a powerful tailwind for the market. While the outlook for rate cuts and inflation is a worry, the fundamentals remain positive. Economic activity is expanding, and the labor markets are healthy, leaving the market nowhere to go but up.
The question is how high the S&P 500 can go. The technical picture is robust and suggests a move to 6,100 is possible. The timing of the move and how long it will stay at that level depend on the data and the Fed, but the target may be reached by late this year or early 2025. Price corrections are likely between now and then, but each should be treated as a buy-the-dip opportunity provided no significant changes in the economy or earnings outlook. Featured: The #1 Crypto That You Don't Own… Yet (Crypto 101 Media) 
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Markets | | | Whenever the Federal Reserve (the Fed) speaks, the whole market, the global financial market, watches closely. A single shift in sentiment and approach to where interest rates may be headed could send markets swinging in either direction, and that’s where investors can begin to look for oppo... Read the Full Story >> |
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Markets | | | As Bitcoin continues to consolidate within reach of its all-time highs, many investors, speculators, and traders wonder if a breakout is on the horizon. Currently trading at $67,100 per bitcoin and up almost 52% YTD, Bitcoin's critical short-term support level sits at $66,000, with $72,000 acting ... Read the Full Story >> |
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Markets | | | Have you ever been offered a deal that sounded too good to be true? Everyone likes to find a bargain, but if the price or terms are overly generous, it sends a warning sign to our scam radar. What’s the catch? Why would this benefit the person offering the deal? In markets, prices tend to b... Read the Full Story >> |
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Markets | | | The cryptocurrency market has experienced remarkable growth, rewarding investors with its potential. Bitcoin surged by approximately 168%, Ethereum advanced by around 66%, and Solana, a relative newcomer, soared over 100% in the past year. While these returns are undeniably attractive, direct inve... Read the Full Story >> |
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Markets | | | The price correction in Adobe (NASDAQ: ADBE) stock experienced over the past two quarters was not unwarranted. The company’s AI prospects aside, the results were solid but failed to show the boost seen in other prominent AI players, including NVIDIA (NASDAQ: NVDA), Micron (NASDAQ: MU), Micro... Read the Full Story >> |
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Markets | | | U.S. stocks hung around their record levels on Friday as Wall Street remained relatively quiet following another slide in Europe.The S&P 500 edged down by less than 0.1%, marking the first time this week where it did not set an all-time high. The Dow Jones Industrial Average dipped 57 points, or... Read the Full Story >> |
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Markets | | | Wall Street rallied Thursday as Argentina's President Javier Milei traveled to Italy for the Group of Seven summit, buoyed by his first legislative victory after the Senate passed sweeping proposals to slash state spending and boost his powers.Having hitched his political fortunes to the goal of cut... Read the Full Story >> |
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Markets | | | Mortgage rates eased again this week, though the latest pullback leaves the average rate on a 30-year home loan at close to 7%, where it's been much of this year.The rate fell to 6.95% from 6.99% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.69%.Borrowing costs... Read the Full Story >> |
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Markets | | | U.S. consumer sentiment fell in June for the third straight month as Americans took a dimmer view of their own finances and worried about persistent inflation. The University of Michigan's consumer sentiment index, released Friday in a preliminary version, dropped to 65.6 this month from a final rea... Read the Full Story >> |
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Markets | | | The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and back economic reforms that have contributed to the worst cost-of-living crisis in many years for Africa's most populous country Read the Full Story >> |
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