Good MorningEquity markets continued to rebound on Tuesday, but investors should not read too much into the move. The S&P 500 gained less than 1% for the day and remains below critical resistance. If anything, Tuesday's gain was a relief rally within a bear market and 1 that comes with outsized risk. Today is the FOMC policy decision, and the odds are high that the committee will issue a very hawkish statement.
The pace of inflation remains high despite recent slowing and will keep the Fed's foot on the economic brakes indefinitely. In the absence of a recession, the odds favor high inflation for a prolonged period due to resilient labor markets, consumer spending and oil demand.
Regardless, the consensus figures for Q4 and 2024 S&P 500 earnings growth are suffering. The consensus figure for Q4 is down 50% from its peak and could fall further. Because earnings growth is a market-leading data point, it is likely the S&P 500 will continue to see downward pressure. Featured: Forbes mag says this strategy "like finding money in the street" (Tradewins) 
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Stocks | | | Traditional businesses typically become stagnant or outright 'boring' due to a combination of positive and negative factors. On the positive side, stagnation and stability come from the 'if it's not broken, don't fix it' attitude of doing things the same as before just because they've been working... Read the Full Story >> |
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Stocks | | | Recent retail trends beg the question of which companies are getting money from the consumer. Walmart (NYSE: WMT) and Target (NYSE: TGT) reported that consumers were shifting from discretionary to everyday health and beauty products, affecting their inventory positions and store focus. ... Read the Full Story >> |
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Markets | | | Global streaming audio platform Spotify Technology SA (NASDAQ: SPOT) had an impressive third quarter of 2023. Its metrics have improved, and the integration of artificial intelligence (AI) into its platform is making noticeable improvements in its business. Spotify has used personalization as a ke... Read the Full Story >> |
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From Our Partners... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself. | | | | Click Here to Learn How >>> |
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Stocks | | | For the first time in nearly two years, the Federal Reserve is set Wednesday to keep its key short-term interest rate unchanged for a second straight policy meeting — the clearest sign to date that the Fed is edging closer to the end of its rate-hiking campaign Read the Full Story >> |
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Markets | | | Social media platform Snap Inc. (NYSE: SNAP) had a mixed bag of results for its third quarter of 2023, but it's apparent that North America has become a mature market while Europe and the rest of the world (ROW) are the real growth engines. Integrating artificial intelligence (AI) technology into ... Read the Full Story >> |
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From Our PartnersTeeka Tiwari, the man who picked Nvidia before it skyrocketed as high as 5,246%, is now recommending this AI stock…
Because it's most likely supplying Elon Musk with a key piece of advanced tech for his new AI venture.
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Markets | | | World shares logged meager gains as investors remained cautious ahead of a decision on interest rates Wednesday by the U.S. Federal Reserve.Oil prices were higher as Israeli airstrikes leveled apartment buildings in Gaza and ground troops battled Hamas militants inside the besieged territory. In rec... Read the Full Story >> |
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Markets | | | Marc Randolph, the co-founder of Netflix, joins us for another episode of Ask Marc, a live Q&A series about starting and growing your business. The event will begin on Tuesday, October 31st at 3:00 PM ET, streaming on our YouTube, LinkedIn and Twitter channels.Where can I watch Ask Marc?Watch an... Read the Full Story >> |
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Markets | | | Why risk obliterating customer trust for a few dollars? That's the high-stakes gamble that's plaguing the business landscape as companies increasingly implement return fees. In a bid to curb a burgeoning problem of product returns, businesses have inadvertently stepped into a loyalty minefield. The ... Read the Full Story >> |
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Markets | | | Eight states (California, Colorado, Connecticut, Maryland, Nevada, New York, Rhode Island, and Washington) and six U.S. cities (Cincinnati, Ithaca, Westchester, Jersey City, New York City, and Toledo) currently have pay transparency laws — from requiring pay ranges in job posts to being obligated to... Read the Full Story >> |
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Stocks | | | Check Point Software (NASDAQ: CHKP) is not a high-flying hyper-growth story but a solid, blue-chip name in cybersecurity. It produces growth, but slowly. The more attractive feature is its cash flow and share repurchasing power. Check Point Software is a cash flow engine that drives shareholder va... Read the Full Story >> |
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The Early Bird Stock Of The DayWednesday: Stock With Upcoming Ex-Dividend New York Community Bancorp, Inc. operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit. Its loan products comprise multi-family loans; commercial real estate loans; acquisition, development, and construction loans; commercial and industrial loans; ... | | View Today's Stock Pick |
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