Good MorningEquity markets look poised to rally, given a green light from the FOMC. The FOMC meets today and will issue its policy statement in the early afternoon. The odds are high that the Fed will continue to keep interest rates high; the question is how the outlook for an interest rate cut has changed. The latest inflation data does not suggest the FOMC needs to cut rates soon or even this year, and more data is due before the announcement.
The May reading of CPI is due before the FOMC releases its statement. The data is unlikely to sway the Fed's decision but will be a leading indicator for the market. The consensus is for monthly price gains to cool but for the YoY comparison to remain hot, aligning with the outlook for no cuts this year. The takeaway for investors is that the economy is growing, the labor markets are resilient, and S&P 500 earnings are growing; until this changes, the S&P 500 will be in rally mode. If its price corrects to lower levels, be ready to buy the dip when the signal forms. Featured: Buy this small stock before coming AI Tidal Wave (Chaikin Analytics) 
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Markets | | | Apple (NASDAQ: AAPL) has long been synonymous with innovation and market dominance in the technology sector. Yet, recent weeks have seen Apple’s stock price go on a rollercoaster ride, leaving investors and Apple’s analyst community scrutinizing its every move. This volatility stems ... Read the Full Story >> |
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Markets | | | After a long year and a half of trading within a tight $27 to $35 channel roughly, shares of Southwest Airlines Co. (NYSE: LUV) have finally run into the catalyst investors were looking for to bring this company back to its former glory what some may even call its actual value. Activist investo... Read the Full Story >> |
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Markets | | | Samsara Inc. (NYSE: IOT) is a leading industrial Internet of Things (IoT) provider offering hardware, software, and cloud platforms complete with data analysis tools as a one-stop shop. Samsara caters to a number of industries ranging from construction, logistics, utilities, field services, educ... Read the Full Story >> |
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Markets | | | Too much of a good thing can be dangerous, even in the stock markets. While markets often crave liquidity, especially in times of trouble, too much liquidity can create problems. A liquidity trap is a situation where the tools of central banks lose effectiveness as the money supply grows and demand ... Read the Full Story >> |
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Markets | | | Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country's civil war increasingly disrupts trade and livelihoods. World Bank economists estimate the country's economy grew at a 1% annual pace in the year that ended in March, more slowly than earlier expected, accord... Read the Full Story >> |
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Markets | | | World shares were mostly higher Wednesday ahead of a decision by the Federal Reserve on interest rates and an update on prices paid by American consumers. Germany's DAX added 0.6% to 18,483.59 and the CAC 40 in Paris climbed 0.5% to 7,824.86. In London, the FTSE 100 was up 0.7% at 8,203.27. The futu... Read the Full Story >> |
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Markets | | | The Mexican peso continued to weaken Tuesday as Mexico's outgoing president — and his successor — vowed to forge ahead with some 20 c onstitutional changes that have rattled investors.Claudia Sheinbaum won this month's presidential election. But she has spent much of the time since then trying to re... Read the Full Story >> |
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Markets | | | Destination-focused luxury cruise operator Viking Holdings Ltd. (NYSE: VIK) went public through a $1.8 billion initial public offering (IPO) on May 1, 2024. It was priced at $24 and hasn’t looked back since the IPO. Shares have continued to rise as the company reported its first earnings r... Read the Full Story >> |
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Markets | | | The World Bank upgraded its outlook for the global economy Tuesday, estimating that it will expand 2.6% this year on the strength of sustained growth in the United States.The bank's latest outlook marks an increase from the 2.4% growth for 2024 it had predicted in January. And it would match the glo... Read the Full Story >> |
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Markets | | | Apple Inc. plans to add several new features to Apple Pay and Apple Wallet later this year that will more deeply integrate financing, rewards, and buy now, pay later options into the iPhone when consumers shop on their phones Read the Full Story >> |
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Wednesday's Early Bird Stock Of The Day Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investm... | | View Today's Stock Pick |
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