Friday night on Wall Street was negative but it’s more likely to be a consequence of profit-taking after a very positive week for the S&P 500 index — up 1.69%
When I woke up this morning, I had one big question I wanted answered and it was all about what the US job figures did to support the current market view that an interest rate cut is coming in September.
This could be a week to remember for optimistic tech and growth stock players, hopefully with data pointing to rate cuts sooner rather than later.
While the news on the Fed’s preferred inflation measure wasn’t bad, it wasn’t good enough to excite a market that could be over-excited, especially if the all-important readings on what’s happening to US prices aren’t screaming that rate cuts are imminent.
Here are my five big reasons why I expect stocks to keep rising over 2024 and, at least, into the first half of 2025. I tested 12 stocks against the views of analysts from FNArena’s surveys. Any bad days for markets should prove to be buying opportunities.
Just when you thought it might have been safe to wade back into the tricky ‘waters’ of the stock market...
In response to a subscriber’s question during last week’s Boom, Doom, Zoom! that we hold each Thursday at noon, here are 5 stocks that look like good value at the moment, or should be jumped on with a market pullback.
Selling in May to go away hasn’t been the smart strategy so far, with our S&P/ASX 200 up around 3% since May 1.
Just about every year, you know I run up the investors’ flagpole the old market maxim that goes, “Sell in May, go away, come back on St Leger’s Day”. It worked last year, despite the fact that the S&P/ASX 200 index went up in May! Or should you sell this May, wait for a 5% comeback for the market, and then get on board?
While I can’t use the f-word, I’d like to after the US at long last got a downbeat jobs report, to which I say: “At long, freaking last!” Yep, that’s got it out of me...
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