And then ….. all of a sudden….. things are heating up. Lots of (downside) market action in the past week. Let’s see what sector rotation and RRGs can tell us. The RRG at the top is a daily RRG, as recent price action has significantly impacted near-term rotations. The main takeaway is the concentrated risk-off rotation, with Technology and Consumer ...
The dog days of summer are here. And the stock market gives us a brutal reminder of this. The first trading day of August began on a very pessimistic note. Thursday’s weak manufacturing data spooked the stock market. All broad stock market indexes, including the S&P 600 Small-Cap Index ($SML) and the S&P 400 Mid-Cap Index ($MID), fell sharply after ...
A pair of Black female activists, who have met with Vice President Harris several times and previously vowed to get ‘real serious’ about helping her become the next president, could alienate some of the ‘White women for Kamala’ supporters with their past rhetoric as they mobilize ahead of November’s election. Cora Masters Barry, an appointee of Democrat D.C. Mayor Muriel ...
The American health care system is broken. Conflicts of interest dominate the structure, killing any chance we have for a healthier nation. Patients pay more and stay sick. Politicians argue and nothing changes. But this problem presents a unique opportunity for our fractured society: as ‘Fox and Friends Weekend’ co-host Rachel Campos-Duffy said last week, better health outcomes may be the ...
A new poll revealed that Vice President Kamala Harris’ pool of potential running mates remains widely unknown to the public. A new AP-NORC survey asked Americans their opinions of three candidates being considered as Harris’ potential running mate: Sen. Mark Kelly, D-Ariz., Gov. Josh Shapiro, D-Pa., and Gov. Andy Beshear, D-Ky. There was one candidate leading in favorability among the ...
Vice President Kamala Harris on Friday officially clinched her party’s 2024 presidential nomination, and the Democratic National Committee (DNC) announced that the vice president had secured the votes of a majority of pledged delegates to the Democrats’ upcoming national convention. ‘I am so proud to confirm that Vice President Harris has earned more than a majority of votes from all ...
Following the Supreme Court’s historic decision on former President Trump’s immunity claim in the federal election interference case, the matter has been officially returned for a trial. This is standard court procedure. A month after the Supreme Court’s July 1 decision, the case has been formally remanded to the appeals court, which will then return it to Judge Tanya Chutkan. ...
The former campaign manager for former President Obama, David Plouffe, has joined Vice President Kamala Harris’ presidential campaign, and the newly minted Democratic nominee has retained the entire leadership team of President Biden’s re-election effort. Harris on Friday secured the Democratic presidential nomination, weeks before the Democratic National Convention in Chicago begins on Aug. 19. The vice president’s campaign, now ...
If the Federal Reserve is starting to set the table for interest rate reductions, some parts of the market are getting impatient for dinner to be served. “What is it they’re looking for?” Claudia Sahm, chief economist at New Century Advisors, said on CNBC just after the Fed concluded its meeting Wednesday. “The bar is getting set pretty high and ...
Stocks sold off Thursday, with the Dow Jones Industrial Average tumbling nearly 500 points, as investors’ fears over a recession surfaced. The Dow dropped 494 points, or 1.2%. The S&P 500 shed 1.4%, while the Nasdaq Composite slipped 2.3%. The Russell 2000 index, the small-cap benchmark that has rallied lately, dropped 3%. Some fresh data raised the specter of an economic contraction and the notion that the ...
LOS ANGELES — A federal judge has overturned a jury’s $4.7 billion verdict in the class-action lawsuit filed by “Sunday Ticket” subscribers against the NFL and has granted judgment to the NFL. U.S. District Judge Philip Gutierrez ruled Thursday that the testimony of two witnesses for the subscribers had flawed methodologies and should have been excluded. “Without the testimonies of ...
Global semiconductor stocks fell Friday after a lackluster set of results from U.S. chip firm Intel sent its shares cratering, and a global market sell-off weighed on some of the biggest names in the tech sector. Intel shares fell 28% in morning trading on Friday, after the company reported a big miss on earnings in the June quarter and said it would lay off ...