Traders work on the floor at the New York Stock Exchange in New York, U.S., March 2, 2020.The S&P 500 returned 7.5% in the first quarter of 2023 as bank turmoil rocked financial markets. Here are the 10 best- and worst-performing S&P 500 stocks in the first three months of the year.
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JPMorgan's top stock strategist says market gains make little sense, S&P 500 to retest lowsTop Wall Street strategist Marko Kolanovic said the recently rally in stocks makes little sense, prompting him to warn of a potential reversal. Uh oh... someone has a lot of puts at play. lol. It makes plenty of sense if you look at how many put options expired out of the money last month. And here’s some breaking news: this “top strategist” knows that. Lots got hammered 🔨 on calls today. Of course, they would say that.
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500 ends higher as oil stocks rally; Tesla tumblesThe S&P 500 ended higher on Monday, lifted by energy stocks following surprise cuts to the OPEC+ group's oil output targets, while Tesla tumbled after its electric vehicle deliveries for the first quarter disappointed investors. BREAKING: For the first time ever, the U.S. dollar has been replaced by the Chinese Yuan as the most traded currency in Russia. The USA is in decline— the world knows it! When its dollar is gobbled up by BRICS the emerging world economies, which is 41% of the world’s population, the G7 collapses. BRICS economic system, and that system is growing incredibly fast. China is eating Biden’s lunch!
Source: Reuters - 🏆 2. / 97 Read more »