Good MorningEquity markets continued rebounding on Thursday after better-than-expected retail sales figures added impetus to the melt-up. The data shows retail sales growing by 1% over the previous month and 2.7% compared to last year, a solid figure but not quite enough to offset the impact of inflation. The takeaway is that price increases continue to drive economic strength while the volume of retail activity slowly recedes.
The S&P 500 is melting up and will likely continue higher on Friday. However, the upward movement since early August has been choppy and is approaching a ceiling. Given the economic outlook, the ceiling is near the recent highs and may not be broken soon. The retail sales figure is good news but also bad because it will keep the FOMC from cutting rates aggressively. With no sign of recession in the data and inflation slowly winding down to the target of 2.0%, a cautious approach is the most likely posture the FOMC will take. Featured: Massive Crypto Selloff = Historic Opportunity (Crypto 101 Media) 
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Markets | | | As the second quarter comes to a wrap-up for the stock market, so do the required 13-F filings for some of Wall Street’s biggest investors. This time around, Warren Buffett’s report card came in due to a shift in markets in one view and direction. Investors would greatly benefit from n... Read the Full Story >> |
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Stocks | | | Wall Street coasted to the close of its best week since November, as U.S. stocks drifted a bit higher Friday. The S&P 500 rose 0.2% for a seventh straight gain and pulled back within 2% of its all-time high set last month. The Dow Jones Industrial Average gained 96 points, or 0.2%, and the Nasd... Read the Full Story >> |
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Markets | | | Most investors are unwilling to put their capital to work in overseas markets, as it is a more intangible idea, and they will likely not have the chance to see the companies they invest in at work or in person. More than that, geopolitical tensions and cultural differences make investing in China&... Read the Full Story >> |
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Markets | | | Lockheed Martin (NYSE: LMT) has experienced a significant surge this year, climbing nearly 24% year-to-date and an impressive 20% this quarter alone, despite the broader market's recent pullback. This extraordinary rally has positioned LMT as a standout performer amidst ongoing market turbulence a... Read the Full Story >> |
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Markets | | | Former President Donald Trump on Thursday gave his second news conference in as many weeks as he adjusts to a newly energized Democratic ticket ahead of next week's Democratic National Convention.At his New Jersey golf club, the Republican nominee blended falsehoods about the economy with misleading... Read the Full Story >> |
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Markets | | | Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates Read the Full Story >> |
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Markets | | | A federal judge has struck down Missouri investment regulations that Republican Secretary of State Jay Ashcroft had touted as way to expose financial institutions that "put woke politics ahead of investment returns."The Missouri regulations, issued by Ashcroft's office, infringed on the free speech ... Read the Full Story >> |
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Markets | | | Singapore-based e-commerce, gaming, and financial services company Sea Limited (NYSE: SE) added to its ongoing stock rally following an earnings beat on Tuesday, with shares almost doubling in the last year heading into the end of the week. All three of the firm's major businesses experienced sa... Read the Full Story >> |
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Markets | | | A surge in optimism by Democrats over the prospects of Vice President Kamala Harris lifted U.S. consumer sentiment slightly this month.The University of Michigan's consumer sentiment index edged up to 67.8 after coming in at 66.4 in July. Americans' expectations for the future rose, while their asse... Read the Full Story >> |
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Markets | | | Bumble (NASDAQ: BMBL) is one of the most well-known online dating companies in the world. After the firm's most recent earnings release on Aug. 7, its shares lost nearly a third of their value. Year-to-date, shares are down 60%. It is now at the lowest forward price-to-earnings multiple in its ... Read the Full Story >> |
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