Tag: stock market

Stocks Poised for a Dot-Com Era Event

This raises questions about how much longer the rally can sustain its current momentum. The S&P 500 is approaching a notable achievement: a 20% or greater increase in two consecutive calendar years. As of Tuesday’s close, the index was up more than 20% year-to-date, marking a significant milestone, with its 41st record high of the […]

Proven Stock Market Indicator Flashes ‘Buy’ Signal

A widely-followed stock-market indicator is flashing a strong buy signal as more companies join the ongoing rally. A sharp rise in the McClellan Summation Index, a measure of market breadth, is now predicting further gains for the S&P 500 with near-perfect accuracy, according to Dean Christians, senior research analyst at SentimenTrader. The McClellan Index tracks […]

S&P 500 Hits New Highs: Is 6,000 Next in Line?

The U.S. stock market continues to show strong “earnings momentum,” with the S&P 500 potentially reaching 6,000 in 2024, according to DataTrek Research. Following the Federal Reserve’s recent interest-rate cuts, this target seems achievable given the current market levels. On Monday, the S&P 500 index hit a fresh record high, closing at 5,718.57, based on […]

Stocks to Watch as September Breaks 5-Year Downtrend

September has traditionally been the worst month for U.S. stocks, but 2024 is bucking that trend. While September is known for the start of school and football season, it also has a notorious reputation for dragging down the stock market. Historically, the S&P 500 has averaged a loss of 1.2% during the month, making it […]

Market Veteran Still Worries About Recession Despite Rate Cuts

Global stock market welcomed the decision, but David Rosenberg, the former chief North American economist at Merrill Lynch and president of Rosenberg Research, remains cautious. He has consistently criticized Fed Chair Jerome Powell’s approach, and while he believes this rate cut was the right move, it was long overdue. David Rosenberg: Top Investment Picks are […]

Bond Market Shaken: Are Recession Fears Overblown?

Despite the Federal Reserve’s aggressive interest rate cuts, long-term bond yields climbed higher. Here’s why. On Wednesday, the Fed made its first significant move in four years, cutting short-term borrowing costs by 0.5%, bringing the target range to 4.75%-5%. This marked the central bank’s first rate cut since 2020. However, the market’s response was less […]