The stock market saw a sharp downturn just before Valentine’s Day, leading some to question if it was an overreaction. However, indications from stock futures suggest that bargain hunters are already on the lookout. Chris Weston, head of research at Pepperstone, explains that the market was caught off guard, lacking...
What hangs in the balance with the release of Tuesday’s CPI data? Many in the financial world are expecting a decrease in inflation, but if the numbers surpass expectations, it could dampen hopes for a rate cut in May, potentially affecting the S&P 500’s climb towards 5,000, warn some analysts....
Tom Lee from Fundstrat points out that the U.S. stock market has historically flourished during the Years of the Dragon, boasting an average gain of 12.7% since 1871. This historical trend indicates that the recent uptrend in the S&P 500, which has propelled it to the significant 5,000-point milestone, may...
U.S. stocks have achieved a rare milestone reminiscent of the era when President Richard Nixon occupied the White House. On Friday, the S&P 500 (SPX) clinched its 14th week of gains out of 15, a feat last seen on March 10, 1972, according to Dow Jones Market Data. This accomplishment...
The S&P 500 flirted with a significant milestone just before Thursday’s market close, briefly crossing the 5,000 mark and notching its ninth record finish of 2024 at 4,997.91. While these round numbers lack technical significance, they carry psychological weight, impacting market sentiment. Mark Arbeter, president of Arbeter Investments, noted historical...
Leuthold Group’s Chief Investment Officer (CIO), Doug Ramsey, observes a troubling trend in market analysis: an increasing number of analysts are disregarding valuations in their assessments. Ramsey notes that this trend isn’t confined to bullish perspectives; even those exercising caution about the market are overlooking the issue of persistently high...
