After a strong 14.5% rise in the first half of the year, S&P 500 futures indicate a challenging start for the second half of 2024, according to Michael Kramer, founder of Mott Capital Management. Kramer notes that the cautious start to July follows a concerning end to June, making stocks...
A strategist warns that a lack of budget restraint from either Biden or Trump could result in more frequent weak Treasury auctions. A significant takeaway from Thursday night’s debate between President Joe Biden and Republican challenger Donald Trump is that the U.S. is unlikely to see fiscal restraint regardless of...
Market Response Post-Debate Markets reacted swiftly to Thursday’s debate, anticipating a higher chance of former President Donald Trump defeating President Joe Biden. Stock-index futures and the U.S. dollar rose as Vice President Kamala Harris acknowledged Biden’s “slow start.” Scaramucci’s Shift in Perspective Anthony Scaramucci, managing partner of SkyBridge and former...
As the U.S. stock market nears the end of June, Bespoke analyzed the typical first-half performance of the S&P 500. The S&P 500 index is on track to post significant gains for the first half of 2024, poised to surpass the historical average, according to Bespoke Investment Group. “The end...
Nvidia Corp. shares surged back with impressive force on Tuesday after a three-day slide that sent them into correction territory. The stock jumped 6.8%, securing its position as the second-best performer in the S&P 500 SPX for the day. This strong rebound came after Nvidia shares (NVDA) had fallen 12.9%...
Something unusual is happening on Wall Street, boosting the confidence of stock-market bulls as the first half of 2024 draws to a close. Corporate-earnings estimates, which typically decline throughout the year, are actually growing, according to FactSet data. John Butters of FactSet shared with MarketWatch that S&P 500 firms have...
