Your Evening Recap for Monday, April 1stEquity markets started the second quarter on weak footing, falling about 0.3% for the day. The move is due to concern about rising interest rates as the yield on the ten-year treasury surged to a two-week high and near the highest levels since late 2023.
The rise in yield is caused by receding expectations for the Fed to cut rates this summer. The latest data hasn't been cooperative, and the odds of a cut are falling. The latest read on the CME's FedWatch Tool shows only a 50/50 chance for a single twenty-five basis point cut by July, and the date may get pushed back further if subsequent data is hot.
The risk for markets this week is the labor market. The labor market data is expected to show some volatility in job openings and layoffs. Still, net results should favor a healthy economic outlook and the idea the FOMC will keep interest rates higher for longer. The critical data will be hourly wages, which have been rising at an above-4% pace for over three years. Featured: You won't believe what Citigroup just did to it's depositors (American Alternative) |
 Among Marketbeat’s numerous investor resources are screener pages seeking hard-to-find investments. One of those tools is the screener page for Cheap Dividend Stocks, which is a veritable treasure trove of candidates. It roots out stocks trading within 20% of their 52-week lows that pay 3% or more in yield. Investors can use the list as a starting point for their research and apply other criteria to weed bad from the good. This is a look at the top 5 stocks on the list and whether they are a buy, sell, or hold. #5 AdvisoryShares Dorsey Wright Short ETF Made the Cut AdvisoryShares Dorsey Wright Short ETF (NASDAQ: DWSH) made the cut, regarding its trading status and dividend yield, but investors should think twice before buying into this one. Read The Full Story > |  If you think AI is big, then you have got to check out something I call Imperium…
By my calculations, it's set to grow 320,000% in three years. (You can see my calculations here.) Watch my video for all of the details |
 Less than a week after a flashy stock market debut, Donald Trump's social media company on Monday disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%.Losses in 2023 for Trump Media & Technology Group — whose flagship product is Truth Social — mark a stark decline compared with the profit of $50.5 million that the former president's company reported for 2022, according to a company filing with securities regulators. Revenue for Trump Media came in at $4.1 million in 2023, the SEC filing shows, although that's up from $1.5 million in 2022.After merging with a blank-check company called Digital World Acquisition Corp., Trump Media began trading March 26 on the Nasdaq stock market under ticker symbol DJT. Read The Full Story > |
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