Investor sentiment was low this morning after Goldman Sachs lowered its U.S. growth forecasts, citing a delayed recovery in consumer spending and the expiration of Fed support.  The firm revised its growth estimate for 2021 from 5.7% to 5.6% and for 2022 from 4.4% to 4%.
Last week started on a down note, but stocks rallied late in the week after congress reached an agreement on the debt ceiling.  The S&P 500 closed the week nearly 1% higher.  The Nasdaq rose 0.6%, and the Dow tacked on 1.25%.  The small-cap dominant Russell 2000...
Seeking out great stocks to buy is essential, but many would say it’s just as important to know which stocks to steer clear of.  A losing stock can eat away at your precious long-term returns.  So, figuring out which stocks to trim or get rid of is...
Trading was muted this morning after a lackluster jobs report was released.  The economy added just 194,000 jobs in September, well below the 500,000 that economists expected.  A bleaker jobs picture could stall the Federal Reserve as it prepares to taper its $120 billion-per-month bond-buying program.  
Investors were optimistic this morning on the likelihood that Senate Democrats will accept Senate Republican leader Mitch McConnell’s proposal that would raise the debt ceiling temporarily.  “A temporary deal should help reduce debt ceiling related market volatility over the next few weeks as attention...