This will be one of the most interesting quarters in recent memory. The Fed has got to choose its poison. Do they stand pat once again next week, leaving rates “higher for longer” and awaiting more data? Or do they finally take the step that just about everyone is waiting…
Flying Financials In the recent sector rotation, basically OUT of technology and INTO anything else, Financials and Real-Estate led the relative move. On the RRG above, I have highlighted the (daily) tail for XLF to show how it stands out from the other sectors. On the weekly RRG, XLF is…
Major equity indexes rose on Friday after a selloff that hit the Technology sector especially hard. But this doesn’t necessarily mean that everything is OK going into next week. Wall Street seems to be in whiplash land, veering from one market area to another. The Dow Jones Industrial Average ($INDU)…
This week saw the major equity averages continue a confirmed pullback phase, with some of the biggest gainers in the first half of 2024 logging some major losses. Is this one of the most buyable dips of the year? Or is this just the beginning of a protracted decline with…
Former President Trump claimed on Friday that conflicts in the Middle East could escalate into a third World War if he loses the 2024 election. The Republican nominee for president made those remarks as he met with Israeli Prime Minister Benjamin Netanyahu at his Mar-a-Lago resort home. Netanyahu traveled to…
Vice President Kamala Harris got her start in politics at age 29, when she was just out of law school, at the Alameda County District Attorney’s Office, where she met a 60-year-old kingmaker: California Assembly Speaker Willie Brown — arguably then the state’s most powerful politician. Brown, while estranged from…
Former presidential candidate Vivek Ramaswamy issued a warning to Republicans this week that they need to be aware of some ‘hard realities’ around the way they message their criticisms of Vice President Kamala Harris now that she is the presumptive Democratic nominee for president. The bottom line is, I think…
Biden Transportation Secretary Pete Buttigieg was ripped by conservatives on social media Friday after he mocked former President Trump for showing ‘weakness’ by not agreeing to debate VP Harris in September. ‘Has a presidential nominee ever agreed to a debate, then pulled out? Remarkable show of weakness here,’ Buttigieg posted…
The office of a House Democrat who played a prominent role in former President Trump’s first impeachment is now pushing back against GOP-fueled criticism that he should not be on the task force investigating the attempted assassination of the former president. Rep. Dan Goldman, D-N.Y., who came under fire last…
A top Democratic super PAC has launched a massive ad buy across several battleground states to boost Vice President Kamala Harris’ presidential candidacy leading up to the Democratic Party’s convention in Chicago next month. Future Forward, the largest Democratic-leaning super PAC, announced this week it will spend $50 million supporting…