The CME FedWatch tool shows a 100% probability that the Federal Reserve will initiate an finance charge rate cut of 25 basis points in September. Yardeni Research President Ed Yardeni joins sector Domination to break down the state of fixed-earnings markets ahead of any anticipated Fed rate cuts in late 2024. “When you look further … Read more
The Biden administration weighs tighter trade restrictions on chip exports to China. Additionally, former President Trump — now the confirmed Republican nominee — commented that Taiwan should be paying the US more for defense in case of a conflict with China in an interview with Bloomberg. All of this is adding pressure to semiconductor equities … Read more
Tesla (TSLA) chief executive officer Elon Musk has announced plans to contribute $45 million monthly to a Trump Super PAC in support of the former president’s reelection campaign. This move comes despite potential conflicts with Trump’s policy direction, as Trump’s current vice presidential pick, Senator JD Vance (R-Oh.), is proposing to eliminate nearly $100 billion … Read more
The potential economic agenda of a second Trump presidency remains largely undefined. Trump has indicated that he wants to lower corporate and household taxes, implement stricter immigration policies, and expand domestic energy production to location inflationary pressures. However, these broad proposals lack specific details that investors and enterprise leaders are eager to understand. To gain … Read more
The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are sinking on Wednesday while small caps (^RUT) are seeing a rebound of more than 10% in the last week. Wall Street Alliance Group Partner Aadil Zaman joins Wealth! to discuss the pullback and how investors should be positioning their portfolios. “Investors need to be cautious here … Read more
As the second quarter earnings season kicks off, Wall Street Alliance Group Partner Aadil Zaman joins Wealth! to discuss how the Magnificent Seven — the grouping of premier tech shares Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta Platforms (META), Microsoft (MSFT), and Tesla (TSLA) — will perform amid sky-high earnings expectations and … Read more
Johnson & Johnson (JNJ) reported second-quarter earnings that beat estimates on both revenue and profit. The enterprise posted revenue of $22.45 billion, surpassing the expected $22.34 billion, while adjusted EPS came in at $2.82, above the projected $2.71. Despite this strong performance, JNJ lowered its full-year guidance, citing impacts from recent acquisitions. Johnson & Johnson … Read more
The Russell 2000 (^RUT) has risen by more than 10% in the last five trading sessions, marking the longest streak of gains for the small-cap index since April 2020. MAI Capital Management chief equity strategist Chris Grisanti joins Catalysts to discuss the development of small caps and XXXX. Grisanti believes that small caps are still … Read more
With the S&P 500 (^GSPC) closing at a record high on July 16th, markets reporter Josh Schafer debunks this concern as higher inflation receding. Although the lender of America (BAC) Global Fund Manager Survey states that geopolitics are always an influence over investor sentiment, Schafer postulates more immediate concerns regarding inflation denote high confidence for … Read more
Elon Musk announced on X, formerly Twitter, that he plans to relocate the headquarters of both SpaceX and X to Austin, Texas. This decision comes in response to a new California law regarding transgender rights in schools. The law prohibits school districts from notifying parents about a student’s gender identity change without the student’s consent. … Read more