Historic Milestone: U.S. Stocks Achieve a Feat Last Seen in 1972
U.S. stocks have achieved a remarkable feat not seen since the era of President Richard Nixon’s tenure in the White House. The S&P 500 (SPX) marked its 14th week of gains out of 15 on Friday, a streak not witnessed since March 10, 1972, as per Dow Jones Market Data. This occurrence is only the […]
Breaking News: S&P 500 Hits 5,000 – Market Insights Unveiled!
The S&P 500 flirted with a significant milestone as it briefly crossed the 5,000 mark just before Thursday’s market close, marking its ninth record finish of 2024 at 4,997.91. While these round numbers don’t hold technical significance, they do carry psychological weight, influencing market sentiment. Mark Arbeter, president of Arbeter Investments, pointed out historical instances […]
On Alert: S&P 500’s Move Toward 5,000 Raises Alarm Bells
Leuthold Group’s Chief Investment Officer (CIO), Doug Ramsey, points out a concerning trend in market analysis: an increasing number of analysts are omitting valuations from their assessments. Ramsey notes that this trend is not limited to bullish perspectives; even those who are cautious about the market are overlooking the issue of persistently high equity valuations. […]
Goldman Sachs Predicts Make-or-Break Year for Mag 7’s Revenue Growth in 2024
The early signs in futures trading suggest a cautious start for Wall Street next week, with the S&P 500 likely to consolidate after reaching another record in the previous session, driven by major tech players. The trajectory ahead hinges on the performance of the “Magnificent 7” – Alphabet, Amazon.com, Apple, Meta Platforms, Microsoft, Nvidia, and […]
The Echoes of ’87: Wise Moves for Traders Banking on Fed Rate Decreases in 2024
The Fed is bracing for a familiar cautionary tale from 1985-86, as investors seem to anticipate an aggressive round of interest rate cuts despite the absence of a recession. Nicholas Colas of DataTrek Research suggests that market participants should revisit history and adjust their expectations. Fed-funds futures traders are pricing in five to six quarter-point […]
Navigating Today’s Market: Insights from the Top Trades of the Past Five Decades
Early Friday futures trading indicates a positive start for stock indices. The continuation of this optimism into Wall Street’s opening may hinge on labor market data. For equity bulls, a U.S. nonfarm payrolls report showcasing steady job growth and modest wage inflation is the preferred outcome, as it is unlikely to dissuade the Federal Reserve […]
