Bank stocks getting hit again after CPI missing expectations this morning The FED probably will hike later this month and in December, but they are in no rush to hike faster than the market currently expecting unless inflation data heating up in the coming months. Kinda a good news for the beaten up emerging markets too
Hurricane Impact on Stocks On behalf of the LPL Research team, our thoughts go out to the millions of people who will be impacted by Hurricane Florence. We’ve had many requests this week to look at how equities do around major hurricanes and, using data from the National Hurricane Center, we found that markets generally appear to have taken the catastrophes in stride. “As tragic as major hurricanes can be, they appear to have little immediate impact on equity prices,” according to Senior Market Strategist Ryan Detrick. As our LPL Chart of the Day shows, after the 15 most costly hurricanes to hit the United States, the S&P 500 has been higher six months later 13 times. Additionally, the returns going out one to six months are quite strong as well. If you are in the path of Florence, stay safe!
good friday morning to all. here is friday's pre-market thread for anyone wanting to get a quick read in before the open- <-- click there to open! hope everyone has a great final trading day of the week!
just throwing up next week's earnings calendar in here in case i can't get this up on the new thread later this evening due to the hurricane. i'm not actually anticipating a lengthy outage for my area, but who knows. @StockJock-e contacted me saying his power went out. anyway, pretty light earnings week, earning season is done until next month.
Dollar gaining strength again after that tariffs news 10 year yields backing off from 3% after hitting 3% earlier today on strong economic data. Stocks did lose their gains, but overall not too strong of a reaction for the equity market
TNDM finally going to pullback? Baird downgraded their rating but raised their price target https://finance.yahoo.com/news/once-again-baird-predicts-end-142432643.html
