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Fed meeting, FOMC dot-plot, Powell news conference will be in focus this week. Nvidia is a buy as its annual ‘GTC 2024’ conference kicks off. Nike shares are a sell amid weak earnings and...
Amid upcoming central bank meetings and crucial macroeconomic data releases, market sentiment is poised for potential shifts. While broader market indexes may continue to consolidate sideways,...
If you had been following the S&P 500 closely this past week, it likely would have left you scratching your head if you were trying to align the news with the market action. For example, on Wednesday,...
Last week, the US dollar fluctuated as inflation data came in above expectations, sparking volatility. Amid talks of potential shifts in Federal Reserve policy, investors are eyeing the upcoming Fed...
The Russell 2000 (IWM) has been defending its 50-day MA over the early part of 2024, but the last few days have seen a shift in this support with 'sell' triggers in the MACD and On-Balance-Volume. The...
This year, the S&P 500 has seen a remarkable streak of 17 new all-time highs, outpacing many previous years. Notably, Warren Buffett's Berkshire Hathaway has stakes in two lesser-known...
The Fed is expected to maintain interest rates at its March 20 meeting. Recent U.S. inflation reports have reduced expectations for a rate cut by June. Nike & FedEx to report Q3 earnings on March...
The biggest event of the week may not be the Fed meeting but the BOJ, which is set to conclude on Tuesday. There have been rumors that the BOJ plans to raise rates for the first time in over a...
Crude oil rose about 4% last week with WTI taking out the $80 and Brent the $85 barrier, reaching levels last seen in November. Factors supporting oil prices include optimism over China, a bullish...
Adobe's stock fell 11% after issuing weaker-than-expected Q2 revenue guidance, overshadowing a strong Q1 performance. Meanwhile, Williams-Sonoma stock rose 17% following a Q4 earnings and revenue...
As the stock market consolidates 2024 gains, small caps have yet to catch up, prompting speculation about potential entry points amid the recent drop. Russell 2000 has posted marginal gains since...
This past week, silver, gold, and gold miners all rallied. So did oil and sugar. DBA, the agricultural ETF, made new all-time highs. The water ETF PHO consolidated near the all-time highs. In our “how...
On 19 March 2024, the Bank of Japan may raise the interest rate from -0.10 to positive for the first time in eight years, which will strongly affect the quotes of the USD/JPY currency pair. Key...
A new round of nowcasts continue to estimate that US economic activity will downshift in next month’s release of first-quarter GDP data. Today’s revised estimate is based on the median for a set of...
The earlier 'bull trap' risks look safely put to bed as yesterday's losses just dipped into the day before yesterday's gains. The S&P 500 moved into a period of outperformance relative to the Russell...
Homeownership is the quintessential American dream, but it’s become increasingly elusive for many households. A multitude of factors, including soaring home prices, elevated interest rates and...
This week, the massive rally in the tech sector has shown signs of fatigue as investors rotated out of the sector amid renewed inflation fears. Amid the current backdrop, analysts see significant...
Gold Declines as Chances of a June Rate Cut by the Fed Decrease The gold (XAU) price dropped by 0.25% on Friday, recording its first weekly decline in 3 weeks as U.S. inflation data disappointed the...