Potential S&P 500 Surge: Fundstrat’s Lee Predicts a 100-Point Bump Following Inflation Data
As doubts about the 2023 market rally begin to emerge, Tom Lee from Fundstrat has returned with an optimistic prediction. The ex-analyst from JPMorgan Chase provided clients with a suggestion to take advantage of a “strategic buying opportunity”. In a research note, the analyst argued that the recent decrease in prices presents a good opportunity […]
Inflation Data Influences Stock Market Stability: Insights from Today’s Trading News
On Monday, the stock market started with a slight decrease, marking the beginning of a week that will primarily focus on inflation, interest rates, and the commencement of the second-quarter earnings season. The S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite all experienced a decline and dropped below the neutral point. S&P […]
From Recession to Expansion: A Shift in Economic Outlook, According to Wall Street Economist
A well-known economist on Wall Street predicts that the ongoing economic downturn is now transforming into a period of economic growth, suggesting that stocks might experience a rally in 2023. Moreover, this rally is expected to extend beyond the large technology companies, reaching other sectors in the latter half of the year. Ed Yardeni, the […]
The Great Debate: Is the Stock Market Riding High or Set to Crash?
Following a disastrous year in 2022, the US stock market experienced a significant surge in 2023. The S&P 500 has witnessed a 15.36% increase thus far, and the tech-oriented Nasdaq Composite has reported an astounding gain of 31.69% since the beginning of January. Various factors have contributed to the sudden increase, with one being the […]
Stock Market Update: Wall Street Edges Downward Ahead of Key Jobs Reports
For the second consecutive day, Wall Street experienced a decline, and both European and Asian markets also saw a decline. Meanwhile, U.S. Treasury Secretary Janet Yellen made efforts in China on Thursday to reduce tensions between the two largest economies in the world. The S&P 500 and the Dow Jones Industrial Average futures declined by […]
S&P 500 Futures in Decline: A Rough Start to Premarket Trading
With only two hours before the U.S. stock market opening, Wolfspeed Inc. (WOLF) has experienced a 16.5% rise during the pre-market trading session, while Rivian Automotive Inc. Cl A (RIVN) has seen a 7.2% increase. Simultaneously, RBC Bearings Inc. (RBC), Transocean Ltd. (RIG), and R1 RCM Inc. (RCM) have all witnessed at least a 3% […]
Legendary Investor Jeremy Grantham Predicts a 70% Stock Market Crash: What’s Next?
The likelihood of a stock market crash in the coming years is 70%, warns renowned investor Jeremy Grantham. Grantham, the co-founder of GMO, compares the present market state and historical crashes, increasing concerns about market vulnerability. Previously, Grantham estimated an 85% likelihood of a looming bubble in the market ready to burst. This has been […]
U.S. Stock Market Fights Back Recession Scare: S&P 500 Hits Young Year’s Half-year High
Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, suggests that the increasingly ‘frothy’ atmosphere in the stock market may leave equities susceptible to a downturn. The S&P 500 index recently completed its best first half of a year since 2019. Despite worries of an upcoming U.S. recession, it seems that this concern is becoming […]
Will the U.S. Stock Market Open on 4th of July?
In observance of the Fourth of July holiday, the two largest stock-trading platforms in the U.S., the New York Stock Exchange, and Nasdaq, have announced closure on Tuesday. Additionally, the first trading session of the second half of 2023, which falls on Monday, will see the exchanges shutting down three hours earlier at 1 p.m. […]
Disrupting Traditional Market Theory: The Transformative Role of Big Tech
Discussing an unpredictable market—high-volatility and high-quality stocks have seen an upward trajectory this year. This isn’t ordinarily the case, but there’s a rationale behind it. Typically, when investors opt for high-volatility stocks, pushing their value higher, they often divest from quality stocks. The intention here is to capitalize on increased profits as the economy recovers—a […]
