Market Reactions: Biden’s Debate and a New Candidate?
Market Reactions Post-DebateFollowing Thursday’s debate, markets began pricing in a higher likelihood of former President Donald Trump defeating President Joe Biden. Stock-index futures and the U.S. dollar rose, as even Vice President Kamala Harris admitted Biden had a “slow start.” Scaramucci’s ShiftAnthony Scaramucci, managing partner of SkyBridge and former Trump spokesperson, stated it would take […]
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, […]
From Loss to Gain: Navigating the Quick $500 Trade Setup
Tuesday morning was a whirlwind of action as I took two trades back-to-back. I’m going to break down the good, the bad, and the ugly of these trades, discussing what works and what doesn’t, and sharing some tips on managing these trades for the best outcomes. Let’s dive right in. Trade 1 – Short Setup […]
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 […]
