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2024-05-26 16:00:00 ET Summary The S&P 500 held the 5264 re-test of the March high. However, the "engulfing" bar from Thursday is a danger sign, last seen at a 52-week high in July 2023. 5257 needs to hold for bulls to stay in control. Last weekend's article ...
2024-05-26 06:15:00 ET Summary Rising interest rates, inflation risk, and a stronger dollar have continued to trend higher in recent weeks. The spread between the 2-year and 10-year Treasury yields has fallen below -40 bps, potentially indicating a further inversion of the yield c...
2024-05-25 09:30:00 ET Summary Stronger than expected data and hawkish FOMC minutes lifted US rates and the dollar, while the market reduced expectations of ECB easing. Sterling remained resilient despite weak economic data, but rate expectations were impacted by stronger than exp...
2024-05-25 03:40:00 ET Summary The financial media will digress to one of its favorite games, “Is this a bubble or is AI for real?” The answer is yes. AI’s economic promise feels real, obvious even. And that is what makes a bubble inevitable. Of course, we...
2024-05-24 20:30:00 ET Summary This week, the S&P 500 closed at 5,304.72, while the close last week was 5,303.27. The forward 4-quarter estimate for the S&P 500 dropped a little this week to $252.61 from last week’s $252.93. The P/E ratio this week is 21x vs. 21...
2024-05-24 18:40:00 ET Summary The “Magnificent Seven” became the “Magnificent One” - Nvidia. The Fed minutes trigger a market collapse on no new news. When in doubt, return to the Covid playbook. My guess the reason to be primitive AI...
2024-05-24 17:15:00 ET Summary The rise of artificial intelligence has become a key theme in recent earnings results, especially in the tech sector. We're definitely at the top of the hype cycle. You have these services getting together and rebundling into packages. ... ...
2024-05-24 15:29:46 ET Summary The ARK Innovation ETF has gained much investor attention for its volatility and staggering returns in 2020-2021, but has been stagnant since rates rose in 2022. This stagnation has given investors time to mull over potential investments in the fund,...
2024-05-24 11:50:03 ET The top-heavy equity market has spurred a hunt for safety by investors similar to that during the worst economic crisis in the U.S. decades ago, according to Ark Invest founder and CEO Cathie Wood. ... Read the full article on Seeking Alpha For furthe...
2024-05-24 09:45:00 ET Summary It is widely known that markets can be influenced by economic data releases that deviate significantly from consensus. We have quantified the impact of economic surprises on the US government bond market for different tenors, as measured by the quint...
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2024-07-08 13:42:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-07 05:37:00 ET Cathie Wood, the founder of Ark Invest, is one of the market's most closely followed growth investors. But over the past five years, her flagship Ark Innovation ETF (NYSEMKT: ARKK) has declined nearly 6% as the S&P 500 rallied 85%. Nevertheless, Wo...
2024-06-26 11:19:20 ET Shares of Ginkgo Bioworks (NYSE: DNA) were sinking 8.3% lower as of 11:03 a.m. ET on Wednesday. The decline continued after the stock fell nearly 11% on Tuesday following two negative developments for Ginkgo. Following the market close on Monday, the biote...