LEIBOVIT VR NEWSLETTERS FOR TURNAROUND TUESDAY – JULY 30, 2024 – ALL THE TALKING CAN TALK ABOUT IS META, MSFT AND AMAZON.
https://www.howestreet.com/2024/07/is-it-time-to-take-defensive-investment-positions-mark-leibovit/
NEXT PODCAST THURSDAY EVENING
U.S. Stocks Finish Choppy Trading Session Little Changed
Stocks moved to the upside early in the session on Monday but showed a lack of direction over the course of the trading day. The major averages spent the day bouncing back and forth across the unchanged line after posting strong gains last Friday.
The major averages eventually ended the session narrowly mixed. While the Dow edged down 49.41 points or 0.1 percent to 40,539.93, the Nasdaq inched up 12.32 points or 0.1 percent to 17,370.20 and the S&P 500 crept up 4.44 points or 0.1 percent to 5,463.54.
The choppy trading on Wall Street came as traders seemed reluctant to make significant moves ahead of the Federal Reserve’s monetary policy meeting this week.
While the Fed is widely expected to leave interest rates unchanged, traders will be looking to the accompanying statement for additional clues about a possible rate cut in September.
According to CME Group’s FedWatch Tool, there is currently an 89.6 percent chance the Fed will lower rates by a quarter point in September and a 10.1 percent chance of a half point rate cut.
Later in the week, the […]
LEIBOVIT VR NEWSLETTERS – MONDAY – JULY 29, 2024 – BULL AND BEAR TRAPS COVER THE LANDSCAPE – BUT HOPE IS ETERNAL FOR THOSE BETTING ON A FED INTEREST RATE CUT
https://www.howestreet.com/2024/07/is-it-time-to-take-defensive-investment-positions-mark-leibovit/
U.S. Stocks Rally As Inflation Data Adds To Interest Rate Optimism – P.S. PLUS MORE MARKET MANIPULATION – THIS TIME MMM AND ONCE AGAIN UNH.
Following the mixed performance seen in the previous session, stocks moved sharply higher during trading on Friday. The
major averages all showed strong moves to the upside, with the Nasdaq and the S&P 500 bouncing off their lowest closing
levels in over a month.
The major averages ended the day off their best levels of the session but still firmly in positive territory. The Dow
surged 654.27 points or 1.6 percent to 40,589.34, the Nasdaq shot up 176.16 points or 1.0 percent to 17,357.88 and the S&P
500 jumped 59.88 points or 1.1 percent to 5,459.10.
For the week, the Dow advanced by 0.8 percent, but the S&P 500 slid by 0.8 percent and the Nasdaq slumped by 2.1 percent.
The strength on Wall Street came as the release of closely watched inflation data by the Commerce Department added to
confidence about an interest rate by the Federal Reserve in September.
The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in June after
coming in unchanged in […]
