Dow Falls 0.3% While Memory Chip Stocks Keep the Nasdaq Afloat
Key Points
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The Dow fell about 200 points while the Nasdaq Composite held roughly flat and the S&P 500 slipped 0.17%.
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Shipping through the Strait of Hormuz has nearly stopped again, with three vessels crossing Sunday against roughly 130 daily before the war.
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Earnings from major retailers this week will show whether July’s drop in consumer spending was a blip or a trend.
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Read MoreShould You Buy Microsoft Stock Now or Wait for a Dip?
Key Points
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Microsoft’s stock is trading well below the earnings multiple it has averaged over the past five years.
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It has some promising opportunities ahead due to artificial intelligence, and it recently reached 30 million paid subscriptions for Microsoft 365 Copilot.
Microsoft (NASDAQ: MSFT) has typically been a safe tech stock to own.
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Read MoreMortgage Rates Start Week Higher
After ending last week near the lowest level since July 17th, mortgage rates are moving up to start the new week. Motivations are familiar. Escalation in U.S./Iran tensions is pushing fuel prices higher and bond yields continue to correlate. Bond yields correlate with consumer interest rates with near perfection.
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Read MoreStock market today: Dow, S&P 500 fall; Nasdaq rises as Fed, retail earnings in focus
US stocks opened mixed on Monday as investors watched technology stocks, Treasury yields, oil prices and the Federal Reserve’s next move.
The Dow Jones Industrial Average fell 0.3% at the open,
Read MoreHer Advisor Said Wait Until 70. At 66, She Chose Time to Enjoy Social Security Over an 8%-a-Year Raise.
© Alessandro Biascioli / iStock via Getty Images
She is 66, financially comfortable, and hearing the same advice every time retirement comes up: wait until 70. The larger Social Security check will provide more guaranteed income later, when she may need it most. She understands the spreadsheet.
The Burst
Sentiment Extreme Warns Traders To Watch Out
Largely, trading falls into one of 3 buckets. Fundamental, technical or sentiment analysis. For the most part, we focus on valuations as part of fundamental analysis and charts as part of technical analysis but sentiment analysis has a time and place, and they appear to be right here, right now.
Tom McClellan, famous for creating the McClellan Oscillator pointed out a remarkable statistic that hasn’t surfaced in over 5 years.
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Read MoreThe Ivy
Paul Tudor Jones Is Betting Big Against the Bond Market: How You Can Too.
Stan Druckenmiller and Paul Tudor Jones, both among the most successful traders ever, are now on the same side of a trade: shorting long-duration bonds.
This move is more than just a hedge but rather it’s a bet that interest rates are headed higher, and when these legendary traders make such strong statements,
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Read MoreThe Spotlight
1 Surefire Stock That Could 2x Your Money
Despite the firm’s revenue and profit numbers being in line with Wall Street estimates, the FinTech stock underwent a sharp decline. Pre-market trading saw the business lose 8% of its value overnight,
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