Who Will Inherit “The Carter Curse”: Trump or Harris?
Will it be Trump or Harris who Inherits “The Carter Curse?” Greetings Investors! Putting together an especially meaty podcast (LISTEN HERE) late this past week, The Prospector News’ Mike Fox and I mused over why either Donald Trump or Kamala Harris would even want the job of being president the next four years. Who inherits […]
Brent Crude Set to Hit $80 a Barrel Amid Ongoing Geopolitical Tensions and Recovery in Libyan Oil Production
Brent Crude – Oil Eyes $80 a Barrel as Geopolitical Concerns Linger, Libya Production Returns Oil prices are rising due to geopolitical tensions in the Middle East, particularly the potential for an Israeli attack on Iranian oil facilities. Despite increased Libyan oil production, prices continue to climb, indicating market sensitivity to potential supply disruptions. Experts […]
Florida’s Insurance Market Struggles as Residents Confront Hurricane Milton
Florida’s already strained insurance market is still reeling from the destruction of Hurricane Helene, and is now due to face further pressure with Hurricane Milton barreling toward the state. Mark Friedlander, the director of corporate communications at the Insurance Information Institute (Triple-I), told Newsweek that Hurricane Milton is set to be even more burdensome for […]
Weekly Market Outlook: Powell’s Insights, Nvidia Earnings, and Upcoming PCE Data
Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell’s remarks on the FX space saw GBP/USD and EUR/USD reach new highs. Markets are pricing in a 34.5% chance of a 50 bps cut and 65.5% of a 25 bps cut at the Federal Reserve’s September meeting. […]
China Stocks Set to Reopen as Markets Focus on Fiscal Stimulus
Shoppers on Nanjing East Road in Shanghai, China, on Wednesday, Oct. 2, 2024. Chinese investors are looking for more policy direction from China’s top economic planning body on Tuesday, when mainland markets return from a week-long holiday. A panel of senior officials from the National Development and Reform Commission, including chairman Zheng Shanjie, will brief […]
Brent Crude Oil Surges 3% Amid Middle East Tensions and Libya Production Shutdown
Brent Crude oil prices have surged by approximately 3% following escalated tensions in the Middle East, notably between Israel and Hezbollah, alongside a production halt in Libya. Libya’s internal power struggle has led to the closure of oil fields by the Eastern-Based Government, affecting the country’s output of around 1 million barrels per day, further […]
Are Stocks Overvalued? Is It Time to Invest?
It’s important to take a long-term view when making investment decisions. The S&P 500 (^GSPC 0.90%) has gained more than 20% so far this year as this bull market charges ahead. Though there have been some pullbacks along the way, the general mood among investors has been positive as they anticipated the lowering of interest […]
Weekly Market Outlook: Job Report May Prompt Cautious Fed, US CPI on the Horizon
Strong US jobs report shifts Fed rate cut expectations from 50 bps to 25 bps. Geopolitical tensions in the Middle East drive up oil prices and safe-haven assets. Upcoming US inflation data and RBNZ rate decision in focus for the week ahead. Oil prices surge on Middle East tensions, with key support and resistance levels […]
Midday Stock Highlights: Notable Moves from RIVN, ANF, CVS, and SAVE
Check out the companies making headlines in midday trading. Abercrombie & Fitch – Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. Analyst Matthew Boss raised the stock’s price target and third-quarter earnings estimate, saying its brands, which include Hollister, showed momentum during the recent […]
WTI Oil: Geopolitical Risk Premiums and China’s Stimulus Could Set a Medium-Term Support Level at $67.55-$65.70 per Barrel
The recent sell-off of 18% in WTI crude oil since August has stalled. An increase in hostilities in the Middle East and impending fiscal stimulus measures from China are likely to trigger a medium-term trend change in oil prices. Technical factors suggest a further potential rebound in WTI crude oil towards the next medium-term resistance […]