2 Overdone Sectors and an End to the Debt Ceiling Crisis
The major indexes rose to start the shortened trading week Tuesday morning on positive news regarding the debt ceiling debate. President Joe Biden and House Speaker Kevin McCarthy appeared to reach a deal over the long Memorial Day weekend on raising the U.S. debt...
Algos Are Attacking Consumer Staples, Utilities and Healthcare
https://www.youtube.com/watch?v=7a0SCPiNpS8 The major indexes crept higher as investors eyed an end to the debt ceiling negotiations. While House Speaker Kevin McCarthy said a deal had not been reached as he left the Capitol Thursday night, the White House and...
My Top ETF and Option as NVDA Reports Earnings
The S&P 500 and Nasdaq jumped Thursday morning on a strong earnings report from Nvidia. NVIDIA Corp. (Nasdaq: NVDA) beat both top- and bottom-line estimates and reported stronger-than-expected revenue guidance for the second quarter, causing shares to surge 25%....
There’s Heavy Downside Pressure on Chip Stocks, Nasdaq
The major indexes fell again Wednesday morning as June 1 approaches and investors grow nervous. June 1 is the earliest expected date that the U.S. could default on its debt, as Treasury Secretary Janet Yellen has warned. Monday’s negotiations between President Joe...
My Top Long and Short Picks as the Broader Market Stagnates
The major indexes fell Tuesday morning as the debt ceiling debate wages on. Monday’s negotiations between President Joe Biden and House Speaker Kevin McCarthy failed to end in a resolution, causing investors to grow nervous as the June 1 deadline approaches....
1 Crazy Week Ahead — Costco Earnings, Debt Ceiling, GDP and More
The market is flat to start the week as traders await news on the debt ceiling, economic data and upcoming earnings reports from some of the biggest retailers in the U.S. President Joe Biden and House Speaker Kevin McCarthy will meet on Monday to continue...