S&P 500 Investors Rejoice: Wall Street’s Top Bullish Bank Sets Target at 5,500
Societe Generale asserts that the trajectory of the S&P 500 will be steered by ‘U.S. exceptionalism,‘ according to reports. This sentiment underlies their bullish outlook, with a year-end target of 5,500, reflecting a modest increase of just over 5% from current levels. Among major financial institutions tracked by MarketWatch, Societe Generale’s projection appears to be […]
Fed’s Interest-Rate Rumble: Stock Market on Alert for Reality Check
This week, U.S. investors are gearing up for a significant moment as the Federal Reserve unveils its updated projections for interest rates. The burning questions on everyone’s mind revolve around the shifts in the ‘dot plot’ and how Fed Chair Jerome Powell will address these changes. With inflation persistently above the 2% target, investors are […]
Inflation’s Grip: U.S. Economy Enters Stagflation Territory
A top strategist at Bank of America is cautioning that the U.S. economy is shifting from a ‘Goldilocks’ scenario to one resembling the stagflation of the 1970s, where inflation persists amid slowing economic growth. Michael Hartnett emphasizes that investors should take this transition seriously to avoid potential pitfalls. Stagflation, characterized by high inflation coupled with […]
Dow Futures Inch Higher Despite Inflation Jitters
Stock futures in the United States were indicating a stable beginning on Friday, with concerns about prolonged inflation dampening the momentum following a strong start to the year. What’s happening The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experienced declines on Thursday. The DJIA dropped by 138 points to 38,906, the SPX […]
Robinhood’s Stock Surges Amid Retail Trading Renaissance
Robinhood Markets Inc. experienced a significant surge in equity trading volumes during February, with a remarkable 36% increase compared to the previous month. This surge propelled the company’s stock to soar during Wednesday’s after-hours trading session. In February, the online-trading platform witnessed a staggering $80.9 billion in trading volumes, marking a substantial uptick from January’s […]
S&P 500 Futures Hold Ground After Notching 17th Record Close
Early Wednesday, U.S. stock futures hinted at the potential for another S&P 500 record high, despite a slightly higher-than-expected inflation report being shrugged off by investors. Here’s how the stock-index futures are trading: On Tuesday, the Dow Jones Industrial Average rose 235.83 points, or 0.61%, to close at 39,005.49, the S&P 500 added 57.33 points, […]
Understanding the Fed’s Latitude: Job Growth and Economic Momentum
Key Information for the U.S. Trading Day All eyes are eagerly awaiting the release of the consumer price index by the Labor Department at 8:30 a.m. Eastern, against the backdrop of ongoing debate about the Fed’s potential rate cuts. Taking a broader perspective, an intriguing argument is emerging suggesting that illegal immigration might be a […]
From Wall Street to Main Street: Understanding Investor Behavior Through Movie Lenses
Do movies centered around money offer genuine investing insights or are they merely Hollywood fantasies? Every so often, Tinseltown casts finance as its leading role, depicting the highs and lows of stock markets, Wall Street shenanigans, and the often colorful characters that inhabit them. Works like “The Wolf of Wall Street,” “Dumb Money,” and “The […]
Nvidia’s Stock on a Record Streak: Is the Momentum Sustainable?
A Mizuho analyst has raised concerns about the strong momentum observed in chip stocks despite the absence of fresh developments. The continued surge in Nvidia Corp. shares, now on a sixth consecutive day of gains and poised to hit a sixth consecutive record high, is particularly unsettling for the analyst. Jordan Klein, a desk-based analyst […]
Are We Approaching a Stock-Market Bubble? The Missing Ingredient
The absence of a significant element seen at nearly every previous peak bubble suggests that U.S. stocks are not currently in a bubble, according to analysts at TS Lombard. Unlike past bubbles, the current market lacks substantial leverage. Despite appearing overvalued, with technology stocks notably high compared to historical averages, margin debt has scarcely increased […]
