Good MorningEquity markets continue to hover within a tight range near record highs. The market is in wait-and-see mode, with a focus on the FOMC. The FOMC is slated to meet next week and is expected to lower interest rates and give color on the policy path in future meetings. The market expects a semi-robust pace of policy easing, with the CME FedWatch Tool forecasting 50 basis points of cuts by the year's end and another 75 to 100 bps by the end of next year.
Economic data could alter the outlook for rate cuts. Three critical reads this week, including the Q3 GDP, the PCE price index, and the non-farm payrolls report, are expected to show economic strength. With economic strength in the picture and inflation falling slowly to the 2.0% target, the FOMC need not cut as quickly as forecast. The risk is sudden economic slowing. The September JOLTs report came in at the weakest levels in years, raising fear of a recession, but remained elevated and strong relative to the pre-COVID levels, aligning with healthy economic conditions. Featured: AI 2.0 – The Next Wave (Weiss Ratings) 
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Markets | | | Most investors fail to adopt a hybrid attitude toward the stock market. This means some place too much weight on the fundamentals regardless of price action and charts. In contrast, others swear by technical analysis without considering the big-picture fundamentals. The best on Wall Street managed... Read the Full Story |
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From Our PartnersThey are among the 31 billionaires dumping their stocks at a record pace.
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Stocks | | | U.S. stock indexes are edging higher Wednesday following a strong profit report from Google's parent company, though drops for Eli Lilly and others are keeping Wall Street in check.The S&P 500 was 0.3% higher in midday trading after drifting between small gains and losses, near its all-time high... Read the Full Story |
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Markets | | | The appeal of exchange-traded funds (ETFs) is clear: increase the diversification of your portfolio by targeting a large basket of equities with a single ticker to trade, and leave oversight of that basket to professional fund managers. It's no wonder that ETFs have ballooned in popularity, now co... Read the Full Story |
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From Our PartnersTim Sykes - the world's most apolitical Millionaire trader - just sat down for an urgent election interview…
Breaking down the ONE MOVE you must make before the November 5th election to set yourself up for a prosperous 2025. | | | | Click here to see the surprising reason why |
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Markets | | | Boeing Co (NYSE: BA) shares have certainly seen better days, with the ongoing 45% slide from the end of last year speaks volumes. The company is tackling a seemingly never-ending list of challenges: leadership shifts, strike-related slowdowns, safety concerns, and the looming risk of a credit down... Read the Full Story |
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Markets | | | Shares of Evolv Technologies Inc. (NASDAQ: EVLV) are down approximately 45% after a group of independent board directors acknowledged accounting irregularities that would delay the company’s quarterly Form 10-Q filing. The issue concerns misconduct by some of the company&rsquo... Read the Full Story |
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From Our PartnersFormer advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs…
A predicted Trump would win.
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Markets | | | Eli Lilly is dialing back its 2024 forecast after underwhelming Wall Street with third-quarter earnings and sales from two key drugs that missed expectations.The drugmaker on Wednesday chopped a few dollars off its earnings guidance after raising that forecast well beyond analyst expectations in pre... Read the Full Story |
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Markets | | | British Treasury chief Rachel Reeves told lawmakers Wednesday that taxes will rise by 40 billion pounds ($52 billion) to plug a hole in the public finances and provide new funding for the U.K.'s cash-starved public services, as she announced a budget that could set the economic tone for years to com... Read the Full Story |
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Markets | | | ByteDance founder Zhang Yiming tops the list of China's richest people, according to the Hurun Research Institute, although many of them have seen their net worth plunge over the past year.The institute, which publishes the annual Hurun China Rich List, found that the total wealth of entrepreneurs o... Read the Full Story |
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Markets | | | As slow as it is to build, Advanced Micro Devices (NASDAQ: AMD) is gaining momentum with AI and is well-positioned for long-term market share gains. The primary hurdle is its AI ecosystem, which lags behind NVIDIA’s (NASDAQ: NVDA) development, but the ecosystem is improving quarterly, aided ... Read the Full Story |
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Markets | | | The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.Wednesday's report from the Commerce Department said the gross domestic product — the economy's total output of goods and services — di... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, which includes online wire origination, enhanced... | | View Today's Stock Pick |
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