, which reports this week, ... [is] bumping up right against its ascending triangle pattern, so that could be a good catalyst. "
Mark Tepper, president and CEO of Strategic Wealth Partners, predicted that at least the S&P's gains would be capped given the market's overarching expectation that the Federal Reserve will cut interest rates several times over the next 12 months. "I'm still concerned that back-half [earnings] expectations for this year are still too high," he said in the same "Trading Nation" interview. "I'm just not sure how much more valuation can continue to carry the S&P higher given that four rate cuts over the course of the next year are already being priced in.""We love Amazon. I mean, it's easy to see 20 to 25% upside from here over the next year.
All in all, if you ask Maley, what everybody's looking for in the market right now might not be the most strategic thing for investors to be watching. "Right now, we're in a situation where everybody's looking at the earnings reports," he said. "If we can get through that earnings season unscathed — which is a big if — that's going to be very positive, because if these things can move a little bit higher, the momentum could really get behind the entire market."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
TradingNation 'Chart pattern.' So hilarious. Did Professor Harold Hill come to town?
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bond market on verge of tripping a signal that could lead to sharp sell-offMarketWatch’s call of the day comes from the Leuthold Group, a Minneapolis investment research firm, which tracks the correlation between weekly percentage... Is MarketWatch dropping super subtle headline meta jokes or is the editing department drunk?
Source: MarketWatch - 🏆 3. / 97 Read more »
How investing in the stock market, like the Fyre Festival, could end up in disasterWelcome to Wall Street’s version of the Fyre Festival. Or, as Vincent Deluard of INTL FCStone puts it, the “faking-it economy,” where you’ll find capitalism...
Source: MarketWatch - 🏆 3. / 97 Read more »
One market analyst says a stock pullback 'may lie directly ahead'Canaccord Genuity's major indicators are approaching levels they were at right prior to or during the market correction in May, suggesting a market pullback is coming. another market analyst says it might not be Stocks a bit over bought. But how big a pull back? If I had a basis point every time you all ran this headline, I’d out perform the market like my last name was Buffett. Any analyst could say this at literally any moment of any day and be no less right or wrong. Perpetuating the fear game to drive up trading revenues as usual.
Source: CNBC - 🏆 12. / 72 Read more »
JP Morgan analyst who's nailed the market sees 'once in a decade opportunity' in these stocksThere's a new opportunity emerging due to the divergence between 'value' stocks and 'defensive' stocks, a top J.P. Morgan strategists says
Source: CNBC - 🏆 12. / 72 Read more »
Is the Fed on the verge of sparking a stock-market ‘melt-up’?The Federal Reserve is almost certain to cut rates at the end of July — but don’t expect a melt-up, usually marked by a powerful rally followed by a... It doesn't really matter now what FED would do. FED couldn't sustain expansions in the past, no matter how hard they tried... All past 'expansions' - Market Bubbles have been burst resulting in Recession! What makes it different this time? 🤔 That's a pretty dumb question don't you think? SPX up over 21% and its only July. You wouldn't call that a melt-up? Its happening. Change your name to marketblind dot com if you're not seeing it. How can people keep describing as 'healthy' a US market with falling manufacturing, falling transport use (e.g. less 'stuff' moving), falling car sales (Tesla exception) falling new home sales ? Falling % rate? increasing debt?
Source: MarketWatch - 🏆 3. / 97 Read more »