by wtok.com | May 24, 2023 | alerts, Markets/Economy
With sales plummeting, local distributors of Anheuser-Bush products are feeling the pressure. Mitchell Distributing supplies local businesses in Mississippi and says these products make up roughly 64% of alcohol sales across the entire state. Since the recent...
by Bloomberg.com | May 24, 2023 | alerts, Markets/Economy
Pain trade is stocks up on debt deal, then correction: Rubner Pullback is bad news for hedge funds just warming up to stocks The stock market is becoming more prone to a swift pullback as opposed to keep climbing at this stage, with rules-based traders boosting their...
by Lance Roberts | May 23, 2023 | alerts, Markets/Economy, Real Investment Advice
The A.I. chase is making for a very narrow market. As Bob Farrell once quipped: “Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names.” Breadth is important. A rally on narrow breadth indicates limited participation,...
by Yahoo.com | May 22, 2023 | alerts, Markets/Economy
This Monday marked a new high—or arguably low—in demonstrating the power of artificial intelligence (AI). A picture depicting a fabricated explosion at the Pentagon, quickly flagged as being AI generated, spread like wildfire across social media. It also appears to...
by MSN.com | May 22, 2023 | alerts, Markets/Economy
Electric vehicles (EVs) are about to get cheaper and more accessible around the world, as Chinese automotive company BYD has now created the most inexpensive EV in existence. Dubbed the “Seagull,” the car was recently unveiled at the Shanghai auto show, and according...
by Lance Roberts | May 19, 2023 | alerts, Markets/Economy, Real Investment Advice
Could massive monetary support have softened the deep bear market many expected? It is an interesting question. Particularly given the Fed has hiked rates at one of the most aggressive paces in history. Combined with inverted yield curves, surging debt levels, and...
