The stock market

[longcast]

Stock Market Today: Stocks higher as Wall Street looks to bounce back

Stock futures are edging higher Friday following a losing session where inflation data came in higher than expected.

finance.yahoo.com

 

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TikTok's US revenue hits $16 billion as Washington threatens ban, FT reports

ByteDance's revenue of $120 billion in 2023 was up about 40% from a year earlier, driven by TikTok's exploding growth, although China accounts for a big portion of the company's sales, the FT reported, citing five people with knowledge of the matter. The short video app, used by about 170...

finance.yahoo.com

 

[OVERBORED]

https://www.inc.com/gene-marks/the-one-significant-reason-why-esops-go-bad.html

 

[longcast]

https://www.inc.com/gene-marks/the-one-significant-reason-why-esops-go-bad.html

Are you in one?

 

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https://www.inc.com/gene-marks/the-one-significant-reason-why-esops-go-bad.html

They can be good, but as you see, things do go wrong. And there are other factors beyond valuation to consider.

 

[OVERBORED]

Too many eggs in one basket for my liking.......

 

[longcast]

Too many eggs in one basket for my liking.......

Not quite understanding your comment.

 

[longcast]

Investors are about to find out whether Fed still expects 3 rate cuts in 2024

All eyes this week will be on the release of the Fed's quarterly 'dot plot,' which will signal whether central bank officials still agree that three rate cuts are likely in 2024.

finance.yahoo.com

 

[longcast]

Stock market today: S&P 500, Nasdaq futures rise as Fed rate call looms

Investors are starting the week in an upbeat mood as techs shine ahead of a pivotal Fed policy call.

finance.yahoo.com

 

[longcast]

Stock market today: Stocks retreat as Fed decision looms

Investors are waiting with baited breath for the Fed's big decision.

finance.yahoo.com

 

[longcast]

The CEO of Warren Buffett's favorite oil company thinks its stock is 'very undervalued'

Occidental Petroleum's CEO said the company will focus on paying off debt for the next couple of years as it puts a pause on aggressive share buybacks.

finance.yahoo.com

 

[longcast]

Nvidia debuts next-generation Blackwell AI chip at GTC 2024

Nvidia on Monday announced its new Blackwell GPU for AI and Grace Blackwell Superchip.

finance.yahoo.com

 

[longcast]

Investors are about to find out whether Fed still expects 3 rate cuts in 2024

All eyes this week will be on the release of the Fed's quarterly 'dot plot,' which will signal whether central bank officials still agree that three rate cuts are likely in 2024.

finance.yahoo.com

 

[longcast]

Fossil fuels aren’t going anywhere anytime soon, Big Energy says

The S&P Global CERAWeek conference featured lots of emissions-reduction technology and talk about green energy. But one theme remained strong — a continued reliance on gas and oil.

finance.yahoo.com

Interesting how fossil fuel stocks and related will trade based upon the presidential polls.

 

[longcast]

Cheerios maker General Mills tops quarterly sales, profit estimates on higher prices

Shares of the packaged food maker rose about 3% in premarket trading after it reaffirmed its annual sales and profit targets for a third time this year. The last two years have seen staple food makers, including General Mills, reap the benefits of consistent price hikes that helped shield their...

finance.yahoo.com

 

[Roccus7]

Investors are about to find out whether Fed still expects 3 rate cuts in 2024

All eyes this week will be on the release of the Fed's quarterly 'dot plot,' which will signal whether central bank officials still agree that three rate cuts are likely in 2024.

finance.yahoo.com

What's your guess?

 

[longcast]

What's your guess?

As you know data is fluid. Look how the jobs report is corrected on a rather regular basis months after the fact.

But...............

Hold firm and look again closer to the third quarter. Still too much money in the system. Use of credit, and 401k to fund daily expenses.

 

[longcast]

What's your guess?

And now yours?

 

[Roccus7]

And now yours?

Agree with yours. Anything else would smell rotten..,

 

[longcast]

The Fed's inflation story 'hasn't really changed': Morning Brief

Fed Chair Jerome Powell said Wednesday the Fed's path to bringing inflation down, while bumpy, is not in doubt.

finance.yahoo.com

Referring to inflation readings in January and February, which suggested progress on inflation moving back towards the Fed's 2% target had stalled, Powell said these readings together "haven't really changed the overall story, which is that of inflation moving down gradually on a sometimes bumpy road toward 2%."

Over the balance of Powell's press conference, the word "bumpy" was used in reference to inflation's path at least a half dozen more times.

And so the bumps will continue. But as Powell made clear elsewhere in his press conference, returning inflation to 2% "is our goal, and we'll achieve that goal."

In his press conference, Powell remained resolute that rate cuts will be needed "at some point" in 2024. Moreover, the Fed chair reiterated that rates are likely at their highs for the current cycle.


We shall see what the data says in the next few months.

Still thinking 3rd quarter, not June. Still sticky on the consumer side, with risk of prices never going down.

From the market side, business news spoke about $6 trillion sitting in MMAs as "cash" still earning a decent return.

Went from dipping the toe up to the ankle LOL, but still have cash on the side. Also, I have a bit of a tax liability to fund on 4/15.