Stocks Pick of The Week - S&P 500 Nears Highs as Investors Eye Fed's Next Move in a Challenging September
In August, the S&P 500 rebounded from a rough start and is nearing its all-time high. However, September is historically a weaker month for stocks. Investors await the Federal Reserve's two-day...
July PCE: Fed's Inflation Progress and Market Impact
The upcoming July personal consumption expenditures (PCE) index could confirm the Fed's progress towards its 2% inflation target. Economists expect a slight increase in PCE, which might shift focus...
Stocks Pick of The Week - Optimism Builds for S&P 500 as Key Events Loom
Historically, the final week of August has been positive for the S&P 500, with a median gain of around 0.5% since 1953 and 1.1% over the past 10 years. This offers some optimism ahead of September,...
Powell’s Keynote Bitcoin ETF Developments and Gold’s Record High
Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole Economic Policy Symposium in Wyoming is anticipated to clarify interest rate trends, amid a volatile market recovery. Despite...
Stocks Pick of The Week - US Spending Surges in July, Inflation Eases, and Walmart Shines with AI
In July, US consumer spending exceeded expectations with retail sales increasing by 1%, compared to the forecasted 0.3%. The labour market also showed strength, with initial jobless claims dropping...
Dollar Strengthens on Jobless Claims Drop
The US dollar rose on Thursday after unemployment claims dropped, easing recession fears. Initial jobless claims fell to 233,000 for the week ending August 3, suggesting the labour market is stronger...
Stocks Pick of The Week - Tech and Travel Stocks Poised for Recovery Amid Labor Data Optimism
Stocks rebounded on Thursday, with positive labour data boosting confidence after a sharp sell-off earlier last week. The S&P 500 rose 2.3%, the Dow gained 1.76% and the Nasdaq increased 2.87%....
Slowing US Jobs, Rising Eurozone Inflation, and Middle East Tensions
Job growth in the US slowed significantly in July. Nonfarm payrolls increased by just 114,000, well below expectations. The unemployment rate has risen to 4.3%, the highest since October 2021. The...
Stocks Pick of The Week - Navigating Market Volatility: Top Stock Picks Amid Economic Concerns
US stocks fell sharply on Thursday due to weaker-than-expected jobs and manufacturing data, sparking concerns about an economic slowdown. The Dow dropped nearly 500 points or minus 1.21%, the S&P 500...
