Rocky Road Ahead? Last Week’s Alarming Stock Signal
After a 14.5% rise in the first half of the year, S&P 500 futures suggest a challenging start to the second half of 2024, says Michael Kramer, founder of Mott Capital Management. Kramer points to a cautious start in July, following a concerning end to June that makes stock susceptible to a pullback. He highlights […]
Bond Markets Prepare for Deficits with Trump or Biden
One likely outcome of the lack of budget restraint from either Biden or Trump is a higher frequency of ‘pretty weak’ Treasury auctions, a strategist says. A key takeaway from Thursday night’s debate between President Joe Biden and his Republican challenger Donald Trump is that the U.S. faces little prospect of fiscal restraint, regardless of […]
S&P 500 Shatters Records in H1 2024
As the U.S. stock market approaches the end of June, Bespoke analyzed how it typically performs in the first half of a year. The S&P 500 index is set to post significant gains for the first half of 2024, with its advance in the first six months of this year poised to crush the historical […]
Riding the Wave: Nvidia’s Stock Comeback After Three Years
Nvidia Corp. shares made a remarkable comeback on Tuesday after experiencing a three-session decline that pushed them into correction territory. The stock surged 6.8%, making it the second-best performer in the S&P 500 SPX on the day. This rally followed a significant 12.9% drop over the previous three sessions. According to Dow Jones Market Data, […]
Unexpected Trends on Wall Street Hint at Bullish Future for Stocks
Something unusual is happening on Wall Street, boosting the confidence of stock-market bulls as the first half of 2024 comes to a close. Corporate-earnings estimates, which typically decline throughout the year, are actually growing, according to FactSet data. FactSet’s John Butters shared with MarketWatch that S&P 500 firms have seen their earnings-per-share estimates for 2024 […]
Stock Surge: What the 2024 Rally Needs to Thrive
U.S. stock have posted an impressive election-year rally so far in 2024. As investors question whether that rally will continue, they’re watching inflation and economic-growth data to gauge the Federal Reserve’s potential interest-rate path, as well as corporate earnings in the second half of this year. The S&P 500 is on pace for its best […]
