Daily Advantage Newsletter

Commentary Stock indexes are mostly flat with not much in the way of NEW news so far this week. The situation between Israel and Hamas is little changed with Israel continuing a push into the city of Rafah while cease-fire talks are still ongoing. There's been little noise out of Middle Eastern terror groups, although the Houthi group in Yemen is...

Commentary Stock bulls still seem to remain in control to start what will be a fairly quiet week of corporate earnings. Investors today will continue to monitor the situation in the Middle East where Israel and Hamas still remain at war. Israel appears to be pressing ahead with strikes on the Gaza city of Rafah, saying it is conducting “targeted...

Commentary Stock bulls are hoping to keep the upward momentum going as a weaker-than-expected April jobs report boosts Wall Street’s outlook for Federal Reserve interest rate cuts. The jobs report, released on Friday, showed +175,000 jobs added in April, nearly -75,000 short of Wall Street estimates and a retreat from over +300,000 last month....

Commentary Investors have all eyes on the April jobs report this morning. Wall Street is expecting a gain of around +240,000 jobs versus +303,000 in March with the unemployment rate holding steady at 3.8%. Investors will also be closely watching average hourly earnings with most expecting a slight decline to an annual rate of +4.0% from +4.1%...

Commentary Wall Street is buckled in for another deluge of economic data and corporate earnings today. Investors yesterday had mixed reactions to the Federal Reserve’s latest policy update and Fed Chair Jerome Powell’s follow-up comments. As expected, the Fed left its benchmark interest rate "unchanged" at current levels. Bears are pointing to an...

 Commentary Stock indexes close out the first losing month of 2024. Wall Street is extremely nervous ahead of the Federal Reserve’s monetary policy update today, which is due out at 1 p.m. CST. The Fed is expected to leave its benchmark interest rate "unchanged" at the current target range of 5.25%-5.5%. Some on Wall Street expect the Fed may...

Commentary Stock bulls seem to remain in control as optimism about Q1 2024 earnings continues to outweigh sliding hopes for Federal Reserve interest rate cuts. Amazon is one of today’s top earnings highlights with investors anxious to see how its "AI investments" are paying off. Expectations are high that this will be reflected in strong cloud...