Ouch.
The Fed fallout just got worse, with the Dow suffering its worst day since March after negative data on home sales and consumer confidence. All other indexes closed lower as well.
Are we in for a more severe correction?
As tech stocks take a breather, energy stocks have been surging – especially with oil prices steadily rising thanks to production cuts.
Today’s daily stock pick is an energy stock that has nothing to do with oil and gas…
But it...
Welcome to a brand-new trading week.
It was the second worst-week for the S&P 500 this year as the markets continue to react to a hawkish Fed that seems dead set on “higher for longer” interest rates.
Of course, we have...
Although the Fed kept interest rates unchanged on Wednesday…
12 out of 19 Fed policymakers think one more rate hike this year would be appropriate – while the other seven favor keeping rates steady.
But the reason markets have reacted negatively...
Many AI stocks have been hit hard in the ongoing market pullback.
But not today’s daily stock pick, which has managed to maintain a very tight trading range during said pullback and is up over 50% year-to-date.
That’s not the only...
