LEIBOVIT VR NEWSLETTERS – FRIDAY – AUGUST 9, 2024 – NEW PODCAST BELOW
https://www.howestreet.com/2024/08/us-industrial-production-drop-a-concern-mark-leibovit/
US officials warned Iran of serious consequences if it carries out an attack it has threatened to launch against Israel. The message was given directly to Iran as well as through intermediaries. The official said, “The United States has sent clear messaging to Iran that the risk of a major escalation if they do a significant retaliatory attack against Israel is extremely high.” They added, “There is a serious risk of consequences for Iran’s economy and the stability of its newly elected government if it goes down that path.”
Stocks moved sharply higher during trading on Thursday, with the major averages more than offsetting the downturn seen over
the course of the previous session. The major averages surged early in the session and saw further upside as the day
progressed.
Some liberal Jewish entertainment figures are now feeling that they are not welcome in the Democratic party, after Vice President Kamala Harris chose Minnesota Governor Tim Walz to be her running mate in the upcoming presidential elections while rejecting a prominent Jewish governor widely considered for the position, a senior editor wrote Tuesday. “Across Hollywood and beyond, liberal Jewish Americans today […]
LEIBOVIT VR NEWSLETTERS – THURSDAY – AUGUST 8, 2024 – BOY, HAVE YOU EVER SEEN THE MEDIA SO MANIPULATED? THEY CONSISTENTLY AVOID THE IMPLICATIONS OF CIVIL WAR AND THE WORLD WAR III AND FOCUS ON THE FED, THE FED, THE FED.
https://www.howestreet.com/2024/08/flat-earnings-take-toll-on-stock-markets-mark-leibovit/
NEXT PODICAST THURSDAY EVENING
U.S. Stocks Move Back To The Downside After Initially Extending Yesterday’s Rebound
After extending yesterday’s rebound early in the session, stocks gave back ground over the course of the trading day on Wednesday. The major averages pulled back well off their early highs and into negative territory.
The major averages ended the day just off their lows of the session. The Nasdaq slumped 171.05 points or 1.1 percent to 16,195.81, the S&P 500 slid 40.53 points or 0.8 percent to 5,199.50 and the Dow fell 234.21 points or 0.6 percent to 38,763.45.
Stocks initially continued to benefit from bargain hunting, as traders picked up stocks at relatively reduced levels following the recent sell-off.
Buying interest waned shortly after the start of trading, however, as concerns about the outlook for the U.S. economy continued to hang over the markets.
“We expect further volatility in the near-term and look to the 5,000 range as important support for the Index, as it represents key retracement levels and the 200-DMA,” John Lynch, Chief Investment Officer for Comerica Wealth Management said of the S&P 500. “We continue to view the S&P 500 to be fairly […]
