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US Stocks Set To End Week Strong With S&P 500 Eyeing Break Above Late-March Peak: Analyst Says He's Still A Buy In May Amid This Positive Signal
2024 May 10, 7:16am | 1281U.S. stocks are on track to finish the week on a high, with the index futures pointing to a higher opening on Friday. The recent string of weak data has given raise to hopes that the Federal Reserve may have to relent and take rates lower. A few Federal Reserve speeches scheduled for the day will...
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Stock Market Leaning Ahead Of CPI?
2024 May 09, 10:02am | 609I've been mostly bullish this year. Lately, I've been saying to subscribers I have a building concern if May 15th is not a low CPI print then I think there's market risk. I lean that it can be a high CPI print (again) that hits markets. That's what I think. But we'll have...
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Time To Bet Against Bad Banks--Now That The Bank Term Funding Program Has Expired And Fed Rate Cuts Are On Hold
2024 May 09, 9:48am | 864Why Bet Against Banks Now? Two main reasons. First, the Federal Reserve’s new, post Silicon Valley Bank collapse assistance program, The Bank Term Funding Program (BTFP), has expired. And second, the Fed’s first rate cut—initially expected in the first quarter of this...
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Wall Street Stares At Weaker Open On Rate Anxiety, Hopes For Better Earnings: Analyst Pencils Key S&P 500 Support Level
2024 May 09, 7:27am | 1772Trading in U.S. index futures suggests stocks may be off to a lackluster start again on Thursday. Much of the negativity in the recent session was triggered by the lack of clarity on the Federal Reserve’s rate trajectory. The spotlight is likely to be on another slew of earnings reports and a...
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Biden Says He's Already Turned Economy Around, Blames 'Corporate Greed' For Persistently High Inflation: 'We've Got To Deal With It'
2024 May 09, 5:49am | 1027President Joe Biden delved into one of the pressing issues that is weighing down against him, as he prepares for a re-run, potentially taking on his predecessor Donald Trump. What Happened: When Biden was reminded of all the weak numbers about the economy under him and asked whether he worried...
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Fed's Rate Cut Could Trigger Stock Market 'Melt-Up', Warns Investment Strategist
2024 May 08, 10:26pm | 657Investment strategist Ed Yardeni has sounded a warning about the potential for a stock market “melt-up” driven by Federal Reserve rate cuts. What Happened: Yardeni, a seasoned market expert, has highlighted the re-emergence of the “Fed Put” concept, which suggests that the...
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5 Things To Know In Investing This Week: The Everybody Shut Up Issue
2024 May 08, 9:31am | 2179The Federal Reserve completed its May meeting and kept rates unchanged. So, why did the market rise? The Bank of Japan intervened to save the yen twice to no effect before getting bailed out by the Fed taper and a weak employment report. Irresponsible people in Washington are saying insane things....
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'Wise Indeed:' Tesla CEO Elon Musk Concurs As Billionaire Investor Stanley Druckenmiller Gives Bidenomics An 'F' And Slams Excessive Government Spending
2024 May 08, 8:24am | 713President Joe Biden has drawn flak from voters for his economic policy, aka Bidenomics, and on Wednesday, Stanley Druckenmiller, Duquesne Family Office chairman and CEO, took a swipe at the president in an interview on Tuesday. What Happened: Weighing in on Bidenomics, Druckenmiller said, “If...
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Wall Street Poised For Muted Open On Mixed Earnings, With More Fed Speeches In Store: Analyst Sees S&P 500 Crossing Late-March High
2024 May 08, 7:13am | 1733U.S. stocks are on track for a mixed start on Wednesday as the market digests mixed earnings reports and looks ahead to more speeches by Federal Reserve officials. Given the paucity of any market-moving economic data, the spotlight will likely be on central bank officials’s statements about...
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Jim Cramer Advises Investors To Brace For Economic Slowdown, Shares Tips To Maintain Balanced Portfolio: 'I'm Not Telling You To Relax'
2024 May 08, 2:26am | 754Jim Cramer, the host of CNBC’s “Mad Money,” has warned investors about the current state of the economy and suggested strategies to navigate the challenging period. What Happened: Cramer, in his recent show, highlighted the importance of maintaining a balanced portfolio amid the...
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Can Jerome Powell Escape The Pressure Of Politics And The 2024 Election: 'He Has To Do Magic,' Says Market Strategist
2024 May 08, 1:20am | 741The Federal Reserve’s Chairman Jerome Powell is under intense scrutiny as the U.S. presidential election approaches. Market experts are questioning his ability to remain independent of political pressure. What Happened: In a recent interview with CNBC’s Last Call, David Zervos, the...
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S&P 500's Remarkable Recovery And Surge As Investors Buzz Over Future Prospects And Rise In Stock Performance
2024 May 07, 4:35pm | 409The S&P 500 experienced a 1% increase on Monday, fueled by potential interest rate cuts. S&P 500 companies anticipating a 5% earnings growth from the previous year. Despite previous fluctuations, the S&P 500 has recovered significantly, nearing its all-time high with a year-to-date...
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Citadel's Ken Griffin Says Fed Must Keep Rates 'Higher For Longer'
2024 May 07, 11:30am | 504Citadel CEO Ken Griffin joined CNBC's "Power Lunch" Monday and discussed inflation, interest rates and the influence of AI on the American workforce. What Happened: The Federal Reserve held interest rates steady at its May meeting, marking the sixth consecutive meeting without a rate...
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Wall Street Stutters After Disney, Palantir Earnings Frustrate: Apple Event, Hawkish Fed Speech In Focus While Analyst Insists 'Bull Market Is Back'
2024 May 07, 7:26am | 1658The recent market recovery shows signs of a slight falter. Index futures indicate a mixed open on Tuesday. Negative reactions to earnings from AI-linked company Palantir Technologies (NYSE:PLTR) could weigh on the tech sector. Surprisingly, Walt Disney Co. (NYSE:DIS) shares fell...
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Stock Market Presents Buying Opportunity As 'Inflation Is Going To Cool Pretty Dramatically,' Says Fundstrat's Tom Lee
2024 May 07, 5:13am | 622Tom Lee, the head of research at Fundstrat, has advised investors to consider purchasing stocks this month, citing a forthcoming significant decline in inflation. What Happened: Lee highlighted that the recent inflation figures for March have been higher than expected for the third consecutive...