Dear Reader, We’re now within 48 hours of Q4 earnings reports from some of the top financial institutions in the country. On Friday, JPMorgan Chase (JPM) will lead a busy calendar of companies that will set the tone with financial outlooks for 2023. As always, I have...
Did you miss this week’s WealthPress Live Roundtable? Catch the replay video above… And be sure to join us each Wednesday at 11 a.m. EDT for the WealthPress Live Roundtable, where our market and economics experts will discuss the biggest news affecting Wall Street...
Dear Reader, This morning, the markets continued their sideways pattern after Federal Reserve Chair Jerome Powell made it clear that politics will not interfere in the central bank’s quest to cool inflation. Powell said a healthy economy requires an independent...
At the beginning of every month, I project a path of broad market direction based on Average True Range (ATR), seasonality, cycles and current conditions. The idea isn’t to be spot-on accurate... The idea is to have a plan to make money regardless of market noise,...
Dear Reader, Greetings from Baltimore! An insecure, aging rock star has nothing on this place. This city has such self-confidence issues that it forces inanimate objects to brag about how great it is. That said, I do recommend the crab cake and oysters at The Prime...
This is a brutal trading environment.
Yesterday, the markets took a bath after private jobs data showed an uptick in wages and hiring. Today, the markets rallied because there was an uptick in hiring and wage growth came in lower than expected. After the S&P 500 hit 3,880 resistance in early trading today, it turned right around and started sinking lower. Today, we’ll discuss why this market chaos will be the norm of 2023. And what you should do about it.
Airline stocks are under pressure due to a continued selloff in the market. Here’s my favorite airline stock to buy now…
If you’ve listened to recent editions of Ask The Pros or the WealthPress Live Roundtable, you know many of us see a bottom forming around March.
The number of stocks that fell Tuesday was not surprising given that momentum has been negative since December 5. Investors need to understand how dangerous certain stocks can be heading into the new year.
The major indexes are rallying to start the year, but should we expect January to remain bullish?