Brace for Jerome Powell's Jackson Hole speech to drive big swings in this corner of the stock market, BofA says
A sell-off in high-flying growth stocks this week hints at nervousness ahead of Jerome Powell’s remarks at Jackson Hole, but there’s another area of the stock market where investors should be prepared to see outsize swings after the Fed chief speaks on Friday.
Analysts at Bank of America wrote this week that small-caps are likely to see big moves in either direction on the back of Powell’s comments on the path of monetary policy during the Fed’s annual policy symposium.
Read MoreStock market today: Dow, S&P 500, Nasdaq futures waver as investors count down to Powell's speech
Is the 60/40 portfolio dead? BlackRock CEO Larry Fink thinks so — here’s what that means for you and your investments
5 sectors that have been soaring lately as the stock market has struggled
It’s been slow-going for the S&P 500 as summer winds down.
After a record-breaking rally that followed the sell-off in April, gains in the benchmark index have stalled. The S&P 500 ended Wednesday at 6,395 — just 3% higher than its closing price on June 30.
But there are a handful of areas that have rocketed higher and beaten the index so far in the quarter,
» Read more about: 5 sectors that have been soaring lately as the stock market has struggled »
Read MoreNvidia's latest quarter shows signs of slowing AI chip sales amid concerns of tech bubble
Nvidia’s sales of its artificial intelligence chipsets rose at a slower pace than analysts anticipated during the company’s latest quarter, a letdown likely to stoke worries that technology’s latest craze has been fool’s gold.
The Burst
Top Metaverse Stock Invests More Than NASA
Meta Platforms hasn’t had such a great start to 2022. The release of the company’s disastrous fourth-quarter results in February caused a one-day sell-off that saw its share price decline by almost $100 a piece, with the stock now down overall by more than 40% year-to-date.
Fortunately, the firm’s latest Q1 earnings report finally delivered some positive news for investors.
» Read more about: Top Metaverse Stock Invests More Than NASA »
Read MoreThe Ivy
Market Commentary: CEO Bets The Farm On His Stock
Perhaps no greater signal exists that a company has upside potential than when its CEO starts putting his/her own hard-earned capital into it. And yet that’s exactly what happened with SoFi, again, and again, and again.
Here are SoFi CEO Anthony Noto’s transactions over the past 6 months or so. Note these are open-market and unplanned transactions by a key insider.
» Read more about: Market Commentary: CEO Bets The Farm On His Stock »
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