1️⃣ Dow’s Remarkable Streak: The Dow Jones continues its impressive 13 positive sessions, a feat not seen on Wall Street since 1987. If it hits 14 on Thursday, it’ll tie a record dating back to 1897, shortly after its creation. The recent win followed the Federal Reserve’s benchmark rate increase,...
Today, in Washington, the Federal Reserve is set to enact its eleventh rate hike within a year. However, the market may need to exercise patience for several weeks, perhaps even longer, to understand the central bank’s longer-term policy goals comprehensively. According to the real-time monitoring of interest rate bets through...
With the readjustment of the Nasdaq 100 and the expiration of options valued at around $2 trillion behind us, the market now focuses on a multitude of earnings releases and rate decisions from the Federal Reserve, European Central Bank, and Bank of Japan before heading into the quiet summer period....
The notable rise in the stock market in 2023, led by renowned tech firms, has raised worries about a potential new bubble. The Nasdaq Composite index is significantly gaining ground, outpacing the solid growth of the S&P 500. Jessica Rabe, the co-founder of DataTrek Research, noted on Thursday that when...
The Consumer Sentiment survey by the University of Michigan provides additional reasons to worry about the condition of U.S. stocks and the economy. The most recent University of Michigan (UMI) measurement reveals a notable increase in consumer sentiment, a pattern that frequently contradicts typical forecasts. The boost in the sentiment...
Imagine a normal day at the office when suddenly, an alert appears on your smartphone indicating a significant plunge in the stock market. What do you do? Like several others, you might react impulsively and in a way that may not be the best or most advised course of action....
