Renowned Author Raises Concerns About Potential Unraveling of Bull Market
Renowned author Larry McDonald has raised concerns about the potential unraveling of the current bull market, particularly highlighting the impact of another spike in inflation on the U.S. economy. McDonald’s warnings come at a time when the stock market has been rallying, and the U.S. economy has displayed resilience, but he emphasized that this rally is delicately balanced on factors such as the U.S. Treasury market, the oil market, and the challenges faced by regional banks. Despite signs of persistent inflation and potential turmoil in the regional bank sector, the stock market rally has continued into the first quarter of 2024. McDonald’s insights and his latest book,
Stock Market Holiday Schedule for 2024 Announced
The stock market’s holiday schedule for 2024 has been announced, with closures on Good Friday, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving, and Christmas. Investors are advised to plan their trading activities accordingly and take note of these significant market closures throughout the year.
Risks and Rewards of Investing in AI Stocks
Artificial intelligence (AI) has been a driving force behind the recent surge in the stock market, with companies like Palantir, C3.AI, and Snowflake reaping the benefits. However, as the market continues to soar, analysts are warning of potential risks associated with investing in AI stocks. Recent reports from Nvidia (NASDAQ:NVDA) have further fueled the AI boom, with a staggering 265% increase in revenue year over year. This has led to a significant rise in investor confidence, highlighting the pivotal role of AI in shaping market dynamics. However, with nearly two-thirds of the S&P 500’s gains in 2023 attributed to tech companies, concerns have been raised about the sustainability of AI technology’s profitability. Palantir, C3.AI, and Snowflake are facing challenges in maintaining their momentum in the AI market, prompting caution among investors.
Stocks Flat as Key Benchmarks Reach Record Highs and Investors Await Inflation Data
Stocks were flat Monday after reaching record highs, with investors awaiting inflation data. Amazon joined the Dow, Treasury yields climbed, and new home sales were below estimates. Investors are watching for economic and inflation risks as they look ahead to the monthly personal consumption expenditures price index.
Stock Market Shows Positive Signs as Tech Stocks Lead Fourth Week of Gains
Good news for investors! The stock market is showing positive signs as tech stocks led the markets to a fourth week of gains. The S&P 500 closed out last week with another new high, lifted by tech stocks. The index…
Tech Futures Market Experiencing Rally as ‘Magnificent Seven’ Stocks Soar
Today, the tech futures market is experiencing a rally as Meta Platforms, formerly known as Facebook, skyrockets, and Amazon jumps. The so-called ‘Magnificent Seven’ stocks, including Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla, have shown significant…
Stocks Reach New Record Highs as Dow Jones Climbs Above 38,000 for First Time
Stocks rose on Monday as the Dow Jones Industrial Average climbed 138.01 points, or 0.36%, to finish at 38,001.81, reaching a new record above the 38,000 level for the first time. The S&P 500 also added 0.22% to 4,850.43, reaching…
C3.ai Inc (AI) Sees 2.10% Increase in Premarket Trading
C3.ai Inc (AI) experienced a 2.10% increase in premarket trading today, reaching an overall score of 54. This surge saw AI stock closing at $24.34 and rising by $0.51 during pre-market hours, indicating potential volatility due to lower trading volume….
Clorox Company’s stock (CLX) Sees Rise in Intraday Levels
Clorox Company’s stock (CLX) saw a rise in intraday levels, trading sideways as it gathers positive momentum to rise anew. The stock is amid the dominance of the upward correctional trend in the short term, with positive pressure from the…
S&P Global Inc. stock falls but outperforms market
Apple just ceded one crown to Microsoft, but it picked up a new one S&P Global Inc. stock falls Tuesday, still outperforms market Shares of S&P Global Inc. (SPGI) slumped 0.10% to $436.55 on Tuesday, marking a downturn in an…