Good MorningEquity markets rebounded on Tuesday, driving the S&P 500 up about 2% at the session's high. The bad news is that the advance didn't regain even half of the prior day's losses, and resistance is present at a critical level. That level coincides with the 30-day moving average, a trigger point for short-term traders, and will likely cap gains this week. The risk is that another round of selling will begin soon, possibly before the weekend, driving the market back to its lows or lower.
The sell-off is driven by a combination of factors: inflation, the FOMC, sector rotation, and fear of recession. The takeaway for investors is that inflation is cooling, and the FOMC is on track to cut interest rates, which will usher in easier economic conditions and spur a broader stock market rally. The caveat is that sector rotation may take some time to complete, and the next major bull market rally won't start until later this year or early 2025. Featured: Unveiled: NVIDIA's "Secret Royalty" Program (Behind the Markets) 
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Markets | | | During a market sell-off, such as the one investors have been experiencing this week, particularly with Japan’s stock market index (Nikkei 225) selling off by double-digits in a single week only to recover by 12% the day after the crash, investors need to know where their money could be allo... Read the Full Story >> |
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Markets | | | Most investors have had to worry about the accelerating sell-offs happening across the global stock markets this week, which aren’t being encouraged by news from Warren Buffett’s latest decisions. The Oracle decided to start decreasing its exposure to some of America’s technology... Read the Full Story >> |
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Markets | | | Republican presidential nominee Donald Trump is hoping a dramatic sell-off in the U.S. stock market creates an opening to attack his Democratic rival, Kamala Harris, over who is best positioned to shepherd the economy.Trump's campaign labeled the Monday drop as a "Kamala Crash," a message designed t... Read the Full Story >> |
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Markets | | | World shares have advanced, with Japan's benchmark Nikkei 225 index closing 1.2% higher after a Bank of Japan official suggested the central bank would refrain from raising interest rates while markets are unstable Read the Full Story >> |
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Stocks | | | U.S. stocks are bouncing back after the market experienced its worst day in two years on Monday, but the average investor may still be understandably spooked. Over a three day losing streak, the S&P 500 dipped more than 6% before rallying again Tuesday, up 1.6% in midday trading. "This is what a... Read the Full Story >> |
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Markets | | | Medical and surgical products manufacturer Stryker Co. (NYSE: SYK) is a beneficiary of the acute care boom occurring in the healthcare industry. Acute care is considered short-term intensive hospital-based emergency services that often occur in the emergency department (ED) or intensive care uni... Read the Full Story >> |
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Markets | | | Upstart Holdings Inc. (NASDAQ: UPST) is a fintech that provides an artificial intelligence (AI) powered digital lending platform. The company is a disrupter in the financial services sector, promising to revolutionize lending by offering optimized data-driven credit availability to more borrower... Read the Full Story >> |
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Markets | | | Uber Technologies Inc. (NYSE: UBER) has delivered strong second-quarter 2024 results, surpassing Uber’s analyst community’s expectations for revenue and earnings. Uber’s financial performance was driven by robust growth across its core business segments, and Uber’s earnin... Read the Full Story >> |
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Markets | | | CVS Health has chopped its 2024 forecast for a third time as the health care giant continues to struggles with its health insurance business. The leader of that segment, Executive Vice President Brian Kane, has left the company, CVS said Wednesday, and CEO Karen Lynch would take over. The company's... Read the Full Story >> |
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Markets | | | Airbnb says its profit fell 15% in the second quarter from a year earlier, as higher income taxes cut into the short-term rental giant's bottom line even as bookings and revenue rose.The profits fell short of Wall Street's expectations and Airbnb's stock tumbled 16% in after-market trading.The San F... Read the Full Story >> |
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Wednesday's Early Bird Stock Of The Day Sirius XM Holdings Inc. operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applica... | | View Today's Stock Pick |
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