ValueWalk Contributor
The author of this article is a contributor to ValueWalk.com. ValueWalk is your everyday source of breaking and evergreen news on everything hedge funds and value investing.
ValueWalk Contributor's Latest Posts
Dow Jones And S&P 500 Hit Record Highs As Rate Cut Rally Continues
Key Points The major large cap indexes were up last week, but the Russell 2000 finished the week slightly lower. Will the momentum continue this week? The major large cap indexes gained for the third straight week, with the Dow Jones and S&P 500 reaching record highs last week. The Dow Jones gained 0.6% last […]
Fed Cuts Rates By 50 Basis Points; Dot Plot Calls For More In 2024
Key Points The FOMC cut rates for the first time in four years, reducing the federal funds rate by 50 basis points. The Federal Open Market Committee (FOMC) lowered the federal funds rate for the first time since March of 2020. The FOMC lowered rates by 50 basis points to the 4.75% to 5.00% range, […]
Powell At Jackson Hole: The “Time Has Come For Policy To Adjust”
Key Points At Jackson Hole, Fed Chair Jerome Powell said he is confident that inflation is heading back toward the target rate of 2%. In his much-anticipated address at the annual Jackson Hole Economic Symposium, Federal Reserve Board Chair Jerome Powell did not disappoint those hoping the Fed cuts interest rates. While Powell stopped short of explicitly […]
Fed Keeps Rates Unchanged, But September Cuts “On The Table”
Key Points The Federal Reserve did not make any changes to interest rates after its July Federal Open Market Committee (FOMC) meeting on Wednesday, holding the federal funds rate in the 5.25% – 5.50% range — where it has been since last July. It came as little surprise, as most economists and analysts targeted the […]
How The 2024 Election Could Impact The Stock Market
A new report from Lincoln Financial Group has examined how the stock market has performed during past election years, probing the potential impact of the 2024 elections on stocks. Lincoln’s Market Intel Exchange report, released last week, shows that presidential election years have not historically moved the needle any higher for stocks in general, but certain sectors […]
Trust Issues: The Double-Edged Sword Of AI Investing
The glitches with artificial intelligence have been well documented, and many are just downright embarrassing — as was the latest fail by Google. As ValueWalk’s David Moadel detailed in his recent piece, Eating Rocks and Making Excuses: Google’s Latest Gen-AI Fail, Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) has been doing damage control over a series of high-profile generative-AI blunders. The most […]
Dow At 40,000: Here’s How It Got There
The Dow Jones Industrial Average made history this past Thursday, reaching the 40,000-point mark for the first time ever. It broke over 40,000 at about 10:30 a.m. Eastern but closed on Thursday just below that mark at 39,869. On Friday, the Dow managed to close just above 40,000, and it remained above that key level […]
After A Rough Week, Investors Are Hopeful On Big-Tech Earnings
The markets endured a challenging week last week, as most of the major indexes were down. The Nasdaq Composite was the hardest hit, dropping 5.5% to close the week at 15,282, while the large-cap S&P 500 fell 3% to close below 5,000 at 4,967. Only the Dow Jones Industrial Average had a positive week, rising […]
Three Top Cryptocurrency ETFs
In January, the Securities and Exchange Commission approved the first 11 spot-bitcoin exchange-traded funds, and they have been quite popular with investors. However, they are not the only options for those looking to tap into the fast-growing cryptocurrency industry. Several other ETFs invest in companies that in some way serve the industry. These ETFs might be […]
S&P 500 Closes Over 5,000 For The First Time In Historic Week For Markets
The stock market finished in uncharted territory on Friday as the S&P 500 closed above 5,000 points for the first time in its history. The large-cap benchmark closed on Friday at 5,027, up by about 29 points on the day, as it had finished on Thursday at 4,998. The index actually touched 5,000 on Thursday during intraday […]
