\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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ADVERTISEMENT
\n
\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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\n

Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

See Related: <\/em><\/strong>Bitcoin and Ethereum Technical Analysis<\/a><\/p>\n\n\n\n

Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Higher profit estimates suggest that companies are expected to generate stronger earnings in the future. Since stock prices are often influenced by expectations of future earnings, an anticipated increase in profitability can lead to higher valuations for stocks in the index.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin and Ethereum Technical Analysis<\/a><\/p>\n\n\n\n

Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\"Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median top-down strategist forecast of $235 (6% growth) and reflects our expectation for stronger economic growth and higher profits for the Information Technology and Communication Services sectors, which contain 5 of the \u201cMagnificent 7\u201d stocks.\"<\/em><\/p>\n\n\n\n

Higher profit estimates suggest that companies are expected to generate stronger earnings in the future. Since stock prices are often influenced by expectations of future earnings, an anticipated increase in profitability can lead to higher valuations for stocks in the index.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin and Ethereum Technical Analysis<\/a><\/p>\n\n\n\n

Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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\n

This week, Goldman Sachs analysts adjusted their year-end S&P 500 index target upward to 5,200 points from the previous 5,100. The revised target represents approximately a 4.5% increase over current levels and it is important to mention that David Kostin, Goldman Sachs' chief U.S. equity strategist, attributed the target adjustment to higher profit estimates. David Kostin, Goldman Sachs' chief U.S. equity strategist, said<\/a>:<\/p>\n\n\n\n

\"Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median top-down strategist forecast of $235 (6% growth) and reflects our expectation for stronger economic growth and higher profits for the Information Technology and Communication Services sectors, which contain 5 of the \u201cMagnificent 7\u201d stocks.\"<\/em><\/p>\n\n\n\n

Higher profit estimates suggest that companies are expected to generate stronger earnings in the future. Since stock prices are often influenced by expectations of future earnings, an anticipated increase in profitability can lead to higher valuations for stocks in the index.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin and Ethereum Technical Analysis<\/a><\/p>\n\n\n\n

Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

In the same month, the London Stock Exchange said<\/a> it would start accepting Bitcoin and Ether ETNs in the second quarter. This came weeks after the US approved its first spot Bitcoin ETFs, which saw significant inflows<\/a>.\u00a0\u00a0Nonetheless, the UK has leaned more towards regulation<\/a> of digital assets following a string of market events such as the FTX crash. Still, the U.K. Economic Secretary Andrew Griffith has in the past insisted that the FTX crash is not a reason to change course in making the UK a center for the crypto industry.<\/p>\n","post_title":"London Stock Exchange to Roll out a Market for Bitcoin and Ether ETNs in May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"london-stock-exchange-to-roll-out-a-market-for-bitcoin-and-ether-etns-in-may","to_ping":"","pinged":"","post_modified":"2024-03-26 17:12:44","post_modified_gmt":"2024-03-26 06:12:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16015","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15560,"post_author":"14","post_date":"2024-02-28 15:43:23","post_date_gmt":"2024-02-28 04:43:23","post_content":"\n

This week, Goldman Sachs analysts adjusted their year-end S&P 500 index target upward to 5,200 points from the previous 5,100. The revised target represents approximately a 4.5% increase over current levels and it is important to mention that David Kostin, Goldman Sachs' chief U.S. equity strategist, attributed the target adjustment to higher profit estimates. David Kostin, Goldman Sachs' chief U.S. equity strategist, said<\/a>:<\/p>\n\n\n\n

\"Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median top-down strategist forecast of $235 (6% growth) and reflects our expectation for stronger economic growth and higher profits for the Information Technology and Communication Services sectors, which contain 5 of the \u201cMagnificent 7\u201d stocks.\"<\/em><\/p>\n\n\n\n

Higher profit estimates suggest that companies are expected to generate stronger earnings in the future. Since stock prices are often influenced by expectations of future earnings, an anticipated increase in profitability can lead to higher valuations for stocks in the index.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin and Ethereum Technical Analysis<\/a><\/p>\n\n\n\n

Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The provision for the ETN products comes when the UK endears itself as a crypto-friendly jurisdiction, despite an initial lukewarm reception of the asset class. In March, FCA hinted that it was ready to create a listed market segment for ETN products. Such products were to be provided to professional investors only. <\/p>\n\n\n\n

In the same month, the London Stock Exchange said<\/a> it would start accepting Bitcoin and Ether ETNs in the second quarter. This came weeks after the US approved its first spot Bitcoin ETFs, which saw significant inflows<\/a>.\u00a0\u00a0Nonetheless, the UK has leaned more towards regulation<\/a> of digital assets following a string of market events such as the FTX crash. Still, the U.K. Economic Secretary Andrew Griffith has in the past insisted that the FTX crash is not a reason to change course in making the UK a center for the crypto industry.<\/p>\n","post_title":"London Stock Exchange to Roll out a Market for Bitcoin and Ether ETNs in May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"london-stock-exchange-to-roll-out-a-market-for-bitcoin-and-ether-etns-in-may","to_ping":"","pinged":"","post_modified":"2024-03-26 17:12:44","post_modified_gmt":"2024-03-26 06:12:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16015","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15560,"post_author":"14","post_date":"2024-02-28 15:43:23","post_date_gmt":"2024-02-28 04:43:23","post_content":"\n

This week, Goldman Sachs analysts adjusted their year-end S&P 500 index target upward to 5,200 points from the previous 5,100. The revised target represents approximately a 4.5% increase over current levels and it is important to mention that David Kostin, Goldman Sachs' chief U.S. equity strategist, attributed the target adjustment to higher profit estimates. David Kostin, Goldman Sachs' chief U.S. equity strategist, said<\/a>:<\/p>\n\n\n\n

\"Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median top-down strategist forecast of $235 (6% growth) and reflects our expectation for stronger economic growth and higher profits for the Information Technology and Communication Services sectors, which contain 5 of the \u201cMagnificent 7\u201d stocks.\"<\/em><\/p>\n\n\n\n

Higher profit estimates suggest that companies are expected to generate stronger earnings in the future. Since stock prices are often influenced by expectations of future earnings, an anticipated increase in profitability can lead to higher valuations for stocks in the index.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin and Ethereum Technical Analysis<\/a><\/p>\n\n\n\n

Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Making UK A Crypto-Friendly Hub<\/h2>\n\n\n\n

The provision for the ETN products comes when the UK endears itself as a crypto-friendly jurisdiction, despite an initial lukewarm reception of the asset class. In March, FCA hinted that it was ready to create a listed market segment for ETN products. Such products were to be provided to professional investors only. <\/p>\n\n\n\n

In the same month, the London Stock Exchange said<\/a> it would start accepting Bitcoin and Ether ETNs in the second quarter. This came weeks after the US approved its first spot Bitcoin ETFs, which saw significant inflows<\/a>.\u00a0\u00a0Nonetheless, the UK has leaned more towards regulation<\/a> of digital assets following a string of market events such as the FTX crash. Still, the U.K. Economic Secretary Andrew Griffith has in the past insisted that the FTX crash is not a reason to change course in making the UK a center for the crypto industry.<\/p>\n","post_title":"London Stock Exchange to Roll out a Market for Bitcoin and Ether ETNs in May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"london-stock-exchange-to-roll-out-a-market-for-bitcoin-and-ether-etns-in-may","to_ping":"","pinged":"","post_modified":"2024-03-26 17:12:44","post_modified_gmt":"2024-03-26 06:12:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16015","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15560,"post_author":"14","post_date":"2024-02-28 15:43:23","post_date_gmt":"2024-02-28 04:43:23","post_content":"\n

This week, Goldman Sachs analysts adjusted their year-end S&P 500 index target upward to 5,200 points from the previous 5,100. The revised target represents approximately a 4.5% increase over current levels and it is important to mention that David Kostin, Goldman Sachs' chief U.S. equity strategist, attributed the target adjustment to higher profit estimates. David Kostin, Goldman Sachs' chief U.S. equity strategist, said<\/a>:<\/p>\n\n\n\n

\"Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median top-down strategist forecast of $235 (6% growth) and reflects our expectation for stronger economic growth and higher profits for the Information Technology and Communication Services sectors, which contain 5 of the \u201cMagnificent 7\u201d stocks.\"<\/em><\/p>\n\n\n\n

Higher profit estimates suggest that companies are expected to generate stronger earnings in the future. Since stock prices are often influenced by expectations of future earnings, an anticipated increase in profitability can lead to higher valuations for stocks in the index.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin and Ethereum Technical Analysis<\/a><\/p>\n\n\n\n

Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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\n

See Related: <\/em><\/strong>UK Government Adopts Stablecoins As Legal Tender<\/a><\/p>\n\n\n\n

Making UK A Crypto-Friendly Hub<\/h2>\n\n\n\n

The provision for the ETN products comes when the UK endears itself as a crypto-friendly jurisdiction, despite an initial lukewarm reception of the asset class. In March, FCA hinted that it was ready to create a listed market segment for ETN products. Such products were to be provided to professional investors only. <\/p>\n\n\n\n

In the same month, the London Stock Exchange said<\/a> it would start accepting Bitcoin and Ether ETNs in the second quarter. This came weeks after the US approved its first spot Bitcoin ETFs, which saw significant inflows<\/a>.\u00a0\u00a0Nonetheless, the UK has leaned more towards regulation<\/a> of digital assets following a string of market events such as the FTX crash. Still, the U.K. Economic Secretary Andrew Griffith has in the past insisted that the FTX crash is not a reason to change course in making the UK a center for the crypto industry.<\/p>\n","post_title":"London Stock Exchange to Roll out a Market for Bitcoin and Ether ETNs in May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"london-stock-exchange-to-roll-out-a-market-for-bitcoin-and-ether-etns-in-may","to_ping":"","pinged":"","post_modified":"2024-03-26 17:12:44","post_modified_gmt":"2024-03-26 06:12:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16015","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15560,"post_author":"14","post_date":"2024-02-28 15:43:23","post_date_gmt":"2024-02-28 04:43:23","post_content":"\n

This week, Goldman Sachs analysts adjusted their year-end S&P 500 index target upward to 5,200 points from the previous 5,100. The revised target represents approximately a 4.5% increase over current levels and it is important to mention that David Kostin, Goldman Sachs' chief U.S. equity strategist, attributed the target adjustment to higher profit estimates. David Kostin, Goldman Sachs' chief U.S. equity strategist, said<\/a>:<\/p>\n\n\n\n

\"Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median top-down strategist forecast of $235 (6% growth) and reflects our expectation for stronger economic growth and higher profits for the Information Technology and Communication Services sectors, which contain 5 of the \u201cMagnificent 7\u201d stocks.\"<\/em><\/p>\n\n\n\n

Higher profit estimates suggest that companies are expected to generate stronger earnings in the future. Since stock prices are often influenced by expectations of future earnings, an anticipated increase in profitability can lead to higher valuations for stocks in the index.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin and Ethereum Technical Analysis<\/a><\/p>\n\n\n\n

Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

\u201cSubject to the approval by the Financial Conduct Authority (the \u201cFCA\u201d) of the base prospectuses, which will be required to list Crypto ETNs on the Main Market and also to the Official List of the FCA, the Exchange is proposing that the first day of admission to trading of those Crypto ETN securities will be Tuesday 28 May 2024.\u201d<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>UK Government Adopts Stablecoins As Legal Tender<\/a><\/p>\n\n\n\n

Making UK A Crypto-Friendly Hub<\/h2>\n\n\n\n

The provision for the ETN products comes when the UK endears itself as a crypto-friendly jurisdiction, despite an initial lukewarm reception of the asset class. In March, FCA hinted that it was ready to create a listed market segment for ETN products. Such products were to be provided to professional investors only. <\/p>\n\n\n\n

In the same month, the London Stock Exchange said<\/a> it would start accepting Bitcoin and Ether ETNs in the second quarter. This came weeks after the US approved its first spot Bitcoin ETFs, which saw significant inflows<\/a>.\u00a0\u00a0Nonetheless, the UK has leaned more towards regulation<\/a> of digital assets following a string of market events such as the FTX crash. Still, the U.K. Economic Secretary Andrew Griffith has in the past insisted that the FTX crash is not a reason to change course in making the UK a center for the crypto industry.<\/p>\n","post_title":"London Stock Exchange to Roll out a Market for Bitcoin and Ether ETNs in May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"london-stock-exchange-to-roll-out-a-market-for-bitcoin-and-ether-etns-in-may","to_ping":"","pinged":"","post_modified":"2024-03-26 17:12:44","post_modified_gmt":"2024-03-26 06:12:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16015","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15560,"post_author":"14","post_date":"2024-02-28 15:43:23","post_date_gmt":"2024-02-28 04:43:23","post_content":"\n

This week, Goldman Sachs analysts adjusted their year-end S&P 500 index target upward to 5,200 points from the previous 5,100. The revised target represents approximately a 4.5% increase over current levels and it is important to mention that David Kostin, Goldman Sachs' chief U.S. equity strategist, attributed the target adjustment to higher profit estimates. David Kostin, Goldman Sachs' chief U.S. equity strategist, said<\/a>:<\/p>\n\n\n\n

\"Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median top-down strategist forecast of $235 (6% growth) and reflects our expectation for stronger economic growth and higher profits for the Information Technology and Communication Services sectors, which contain 5 of the \u201cMagnificent 7\u201d stocks.\"<\/em><\/p>\n\n\n\n

Higher profit estimates suggest that companies are expected to generate stronger earnings in the future. Since stock prices are often influenced by expectations of future earnings, an anticipated increase in profitability can lead to higher valuations for stocks in the index.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin and Ethereum Technical Analysis<\/a><\/p>\n\n\n\n

Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The stock exchange said the ETN market will be subject to approval by the UK Financial Conduct Authority (FCA). The announcement reads in part: <\/p>\n\n\n\n

\u201cSubject to the approval by the Financial Conduct Authority (the \u201cFCA\u201d) of the base prospectuses, which will be required to list Crypto ETNs on the Main Market and also to the Official List of the FCA, the Exchange is proposing that the first day of admission to trading of those Crypto ETN securities will be Tuesday 28 May 2024.\u201d<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>UK Government Adopts Stablecoins As Legal Tender<\/a><\/p>\n\n\n\n

Making UK A Crypto-Friendly Hub<\/h2>\n\n\n\n

The provision for the ETN products comes when the UK endears itself as a crypto-friendly jurisdiction, despite an initial lukewarm reception of the asset class. In March, FCA hinted that it was ready to create a listed market segment for ETN products. Such products were to be provided to professional investors only. <\/p>\n\n\n\n

In the same month, the London Stock Exchange said<\/a> it would start accepting Bitcoin and Ether ETNs in the second quarter. This came weeks after the US approved its first spot Bitcoin ETFs, which saw significant inflows<\/a>.\u00a0\u00a0Nonetheless, the UK has leaned more towards regulation<\/a> of digital assets following a string of market events such as the FTX crash. Still, the U.K. Economic Secretary Andrew Griffith has in the past insisted that the FTX crash is not a reason to change course in making the UK a center for the crypto industry.<\/p>\n","post_title":"London Stock Exchange to Roll out a Market for Bitcoin and Ether ETNs in May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"london-stock-exchange-to-roll-out-a-market-for-bitcoin-and-ether-etns-in-may","to_ping":"","pinged":"","post_modified":"2024-03-26 17:12:44","post_modified_gmt":"2024-03-26 06:12:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16015","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15560,"post_author":"14","post_date":"2024-02-28 15:43:23","post_date_gmt":"2024-02-28 04:43:23","post_content":"\n

This week, Goldman Sachs analysts adjusted their year-end S&P 500 index target upward to 5,200 points from the previous 5,100. The revised target represents approximately a 4.5% increase over current levels and it is important to mention that David Kostin, Goldman Sachs' chief U.S. equity strategist, attributed the target adjustment to higher profit estimates. David Kostin, Goldman Sachs' chief U.S. equity strategist, said<\/a>:<\/p>\n\n\n\n

\"Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median top-down strategist forecast of $235 (6% growth) and reflects our expectation for stronger economic growth and higher profits for the Information Technology and Communication Services sectors, which contain 5 of the \u201cMagnificent 7\u201d stocks.\"<\/em><\/p>\n\n\n\n

Higher profit estimates suggest that companies are expected to generate stronger earnings in the future. Since stock prices are often influenced by expectations of future earnings, an anticipated increase in profitability can lead to higher valuations for stocks in the index.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin and Ethereum Technical Analysis<\/a><\/p>\n\n\n\n

Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

The London Stock Exchange has announced<\/a> that it will roll out a market for Bitcoin (BTC) and Ether (ETH) exchange-traded notes (ETN) on May 28. The exchange said that applications for trading the crypto ETNs will start on April 8.\u00a0<\/p>\n\n\n\n

The stock exchange said the ETN market will be subject to approval by the UK Financial Conduct Authority (FCA). The announcement reads in part: <\/p>\n\n\n\n

\u201cSubject to the approval by the Financial Conduct Authority (the \u201cFCA\u201d) of the base prospectuses, which will be required to list Crypto ETNs on the Main Market and also to the Official List of the FCA, the Exchange is proposing that the first day of admission to trading of those Crypto ETN securities will be Tuesday 28 May 2024.\u201d<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>UK Government Adopts Stablecoins As Legal Tender<\/a><\/p>\n\n\n\n

Making UK A Crypto-Friendly Hub<\/h2>\n\n\n\n

The provision for the ETN products comes when the UK endears itself as a crypto-friendly jurisdiction, despite an initial lukewarm reception of the asset class. In March, FCA hinted that it was ready to create a listed market segment for ETN products. Such products were to be provided to professional investors only. <\/p>\n\n\n\n

In the same month, the London Stock Exchange said<\/a> it would start accepting Bitcoin and Ether ETNs in the second quarter. This came weeks after the US approved its first spot Bitcoin ETFs, which saw significant inflows<\/a>.\u00a0\u00a0Nonetheless, the UK has leaned more towards regulation<\/a> of digital assets following a string of market events such as the FTX crash. Still, the U.K. Economic Secretary Andrew Griffith has in the past insisted that the FTX crash is not a reason to change course in making the UK a center for the crypto industry.<\/p>\n","post_title":"London Stock Exchange to Roll out a Market for Bitcoin and Ether ETNs in May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"london-stock-exchange-to-roll-out-a-market-for-bitcoin-and-ether-etns-in-may","to_ping":"","pinged":"","post_modified":"2024-03-26 17:12:44","post_modified_gmt":"2024-03-26 06:12:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16015","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15560,"post_author":"14","post_date":"2024-02-28 15:43:23","post_date_gmt":"2024-02-28 04:43:23","post_content":"\n

This week, Goldman Sachs analysts adjusted their year-end S&P 500 index target upward to 5,200 points from the previous 5,100. The revised target represents approximately a 4.5% increase over current levels and it is important to mention that David Kostin, Goldman Sachs' chief U.S. equity strategist, attributed the target adjustment to higher profit estimates. David Kostin, Goldman Sachs' chief U.S. equity strategist, said<\/a>:<\/p>\n\n\n\n

\"Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median top-down strategist forecast of $235 (6% growth) and reflects our expectation for stronger economic growth and higher profits for the Information Technology and Communication Services sectors, which contain 5 of the \u201cMagnificent 7\u201d stocks.\"<\/em><\/p>\n\n\n\n

Higher profit estimates suggest that companies are expected to generate stronger earnings in the future. Since stock prices are often influenced by expectations of future earnings, an anticipated increase in profitability can lead to higher valuations for stocks in the index.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Bitcoin and Ethereum Technical Analysis<\/a><\/p>\n\n\n\n

Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

\"\"
The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

\"Nasdaq
The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

American Association Of Individual Investors Report<\/h2>\n\n\n\n

On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

Caution For Individual Investors<\/h2>\n\n\n\n

However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

\"
The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

\"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

S&P 500 Index Target<\/h2>\n\n\n\n

Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • The move comes when the UK focuses on becoming a crypto hub.<\/li>\n<\/ul>\n\n\n\n

    The London Stock Exchange has announced<\/a> that it will roll out a market for Bitcoin (BTC) and Ether (ETH) exchange-traded notes (ETN) on May 28. The exchange said that applications for trading the crypto ETNs will start on April 8.\u00a0<\/p>\n\n\n\n

    The stock exchange said the ETN market will be subject to approval by the UK Financial Conduct Authority (FCA). The announcement reads in part: <\/p>\n\n\n\n

    \u201cSubject to the approval by the Financial Conduct Authority (the \u201cFCA\u201d) of the base prospectuses, which will be required to list Crypto ETNs on the Main Market and also to the Official List of the FCA, the Exchange is proposing that the first day of admission to trading of those Crypto ETN securities will be Tuesday 28 May 2024.\u201d<\/em><\/p>\n\n\n\n

    See Related: <\/em><\/strong>UK Government Adopts Stablecoins As Legal Tender<\/a><\/p>\n\n\n\n

    Making UK A Crypto-Friendly Hub<\/h2>\n\n\n\n

    The provision for the ETN products comes when the UK endears itself as a crypto-friendly jurisdiction, despite an initial lukewarm reception of the asset class. In March, FCA hinted that it was ready to create a listed market segment for ETN products. Such products were to be provided to professional investors only. <\/p>\n\n\n\n

    In the same month, the London Stock Exchange said<\/a> it would start accepting Bitcoin and Ether ETNs in the second quarter. This came weeks after the US approved its first spot Bitcoin ETFs, which saw significant inflows<\/a>.\u00a0\u00a0Nonetheless, the UK has leaned more towards regulation<\/a> of digital assets following a string of market events such as the FTX crash. Still, the U.K. Economic Secretary Andrew Griffith has in the past insisted that the FTX crash is not a reason to change course in making the UK a center for the crypto industry.<\/p>\n","post_title":"London Stock Exchange to Roll out a Market for Bitcoin and Ether ETNs in May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"london-stock-exchange-to-roll-out-a-market-for-bitcoin-and-ether-etns-in-may","to_ping":"","pinged":"","post_modified":"2024-03-26 17:12:44","post_modified_gmt":"2024-03-26 06:12:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16015","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15560,"post_author":"14","post_date":"2024-02-28 15:43:23","post_date_gmt":"2024-02-28 04:43:23","post_content":"\n

    This week, Goldman Sachs analysts adjusted their year-end S&P 500 index target upward to 5,200 points from the previous 5,100. The revised target represents approximately a 4.5% increase over current levels and it is important to mention that David Kostin, Goldman Sachs' chief U.S. equity strategist, attributed the target adjustment to higher profit estimates. David Kostin, Goldman Sachs' chief U.S. equity strategist, said<\/a>:<\/p>\n\n\n\n

    \"Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median top-down strategist forecast of $235 (6% growth) and reflects our expectation for stronger economic growth and higher profits for the Information Technology and Communication Services sectors, which contain 5 of the \u201cMagnificent 7\u201d stocks.\"<\/em><\/p>\n\n\n\n

    Higher profit estimates suggest that companies are expected to generate stronger earnings in the future. Since stock prices are often influenced by expectations of future earnings, an anticipated increase in profitability can lead to higher valuations for stocks in the index.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Bitcoin and Ethereum Technical Analysis<\/a><\/p>\n\n\n\n

    Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

    Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

    \"\"
    The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

    Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

    Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

    At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

    U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

    American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

    \"Nasdaq
    The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

    See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

    American Association Of Individual Investors Report<\/h2>\n\n\n\n

    On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

    \"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

    Caution For Individual Investors<\/h2>\n\n\n\n

    However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

    Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

    U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

    \"
    The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

    Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

    Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

    \"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

    See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

    S&P 500 Index Target<\/h2>\n\n\n\n

    Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

    However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

    Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

    U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

    Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

    This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

    Policymakers And U.S. Stocks<\/h2>\n\n\n\n

    Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

    The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

    \"S&P
    S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

    Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

    Analysts Index Review<\/h2>\n\n\n\n

    However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

    The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

    \"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

    MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

    MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

    Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

    See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

    Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

    The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

    The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

    Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

    Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

    U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

    It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

    Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

    \"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

    In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

    The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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    \n
  • Applications for trading will begin on April 8.<\/li>\n\n\n\n
  • The move comes when the UK focuses on becoming a crypto hub.<\/li>\n<\/ul>\n\n\n\n

    The London Stock Exchange has announced<\/a> that it will roll out a market for Bitcoin (BTC) and Ether (ETH) exchange-traded notes (ETN) on May 28. The exchange said that applications for trading the crypto ETNs will start on April 8.\u00a0<\/p>\n\n\n\n

    The stock exchange said the ETN market will be subject to approval by the UK Financial Conduct Authority (FCA). The announcement reads in part: <\/p>\n\n\n\n

    \u201cSubject to the approval by the Financial Conduct Authority (the \u201cFCA\u201d) of the base prospectuses, which will be required to list Crypto ETNs on the Main Market and also to the Official List of the FCA, the Exchange is proposing that the first day of admission to trading of those Crypto ETN securities will be Tuesday 28 May 2024.\u201d<\/em><\/p>\n\n\n\n

    See Related: <\/em><\/strong>UK Government Adopts Stablecoins As Legal Tender<\/a><\/p>\n\n\n\n

    Making UK A Crypto-Friendly Hub<\/h2>\n\n\n\n

    The provision for the ETN products comes when the UK endears itself as a crypto-friendly jurisdiction, despite an initial lukewarm reception of the asset class. In March, FCA hinted that it was ready to create a listed market segment for ETN products. Such products were to be provided to professional investors only. <\/p>\n\n\n\n

    In the same month, the London Stock Exchange said<\/a> it would start accepting Bitcoin and Ether ETNs in the second quarter. This came weeks after the US approved its first spot Bitcoin ETFs, which saw significant inflows<\/a>.\u00a0\u00a0Nonetheless, the UK has leaned more towards regulation<\/a> of digital assets following a string of market events such as the FTX crash. Still, the U.K. Economic Secretary Andrew Griffith has in the past insisted that the FTX crash is not a reason to change course in making the UK a center for the crypto industry.<\/p>\n","post_title":"London Stock Exchange to Roll out a Market for Bitcoin and Ether ETNs in May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"london-stock-exchange-to-roll-out-a-market-for-bitcoin-and-ether-etns-in-may","to_ping":"","pinged":"","post_modified":"2024-03-26 17:12:44","post_modified_gmt":"2024-03-26 06:12:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16015","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15560,"post_author":"14","post_date":"2024-02-28 15:43:23","post_date_gmt":"2024-02-28 04:43:23","post_content":"\n

    This week, Goldman Sachs analysts adjusted their year-end S&P 500 index target upward to 5,200 points from the previous 5,100. The revised target represents approximately a 4.5% increase over current levels and it is important to mention that David Kostin, Goldman Sachs' chief U.S. equity strategist, attributed the target adjustment to higher profit estimates. David Kostin, Goldman Sachs' chief U.S. equity strategist, said<\/a>:<\/p>\n\n\n\n

    \"Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median top-down strategist forecast of $235 (6% growth) and reflects our expectation for stronger economic growth and higher profits for the Information Technology and Communication Services sectors, which contain 5 of the \u201cMagnificent 7\u201d stocks.\"<\/em><\/p>\n\n\n\n

    Higher profit estimates suggest that companies are expected to generate stronger earnings in the future. Since stock prices are often influenced by expectations of future earnings, an anticipated increase in profitability can lead to higher valuations for stocks in the index.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Bitcoin and Ethereum Technical Analysis<\/a><\/p>\n\n\n\n

    Future Performance Of The S&P 500 Index<\/h2>\n\n\n\n

    Positive profit revisions provide a fundamental basis for optimism about the future performance of the S&P 500 index and this can certainly boost investor confidence in the broader market outlook. Nevertheless, the three major indexes on Wall Street started the week with declines, as persistent inflation took the spotlight amid mixed earnings from two prominent retailers (Walmart and Home Depot).<\/p>\n\n\n\n

    \"\"
    The S&P 500 started the week with declines<\/em><\/figcaption><\/figure>\n\n\n\n

    Additionally, concerns lingered among investors regarding the potential for sustained higher interest rates, fueled by last week's data. Sam Stovall, CFRA's chief investment strategist, cautioned investors who viewed the current equity dip as a buying opportunity, stating that the persistence of inflation is likely to prompt the Federal Reserve to proceed more cautiously in reducing its key short-term interest rate.<\/p>\n\n\n\n

    Some Fed officials also expressed caution about inflation and Atlanta Fed President Raphael Bostic said he needed more evidence inflation pressures are easing. San Francisco Fed President Mary Daly said \"There is more work to do\" to ensure stable prices, despite remarkable progress.<\/p>\n\n\n\n

    At the same time, the escalation of geopolitical uncertainties introduces an additional challenge and heightens the potential for unforeseen risks in both markets and economic performance. Considering all of these factors, the perspective is likely to stay cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards From 5,100 To 5,200 Points?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"have-goldman-sachs-analysts-become-overly-optimistic-by-revising-their-year-end-sp-500-index-target-upwards-from-5100-to-5200-points","to_ping":"","pinged":"","post_modified":"2024-02-28 15:43:36","post_modified_gmt":"2024-02-28 04:43:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14805,"post_author":"14","post_date":"2023-12-29 00:14:32","post_date_gmt":"2023-12-28 13:14:32","post_content":"\n

    U.S. stocks are extending an eight-week rally in the year's final week and according to the latest American Association of Individual Investors<\/a> (AAII) Sentiment Survey, optimism among individual investors about the short-term outlook for the U.S. stock market rose to its highest level in over two and a half years.<\/p>\n\n\n\n

    American Association of Individual Investors (AAII) reported that bullish sentiment, or expectations that stock prices will rise over the next six months, increased by 1.6 percentage points to 52.9%. For the third consecutive week, optimism remains \"remarkably high\" and it is also important to say that bullish sentiment has persisted above its historical average of 37.5% for eight straight weeks.<\/p>\n\n\n\n

    \"Nasdaq
    The Nasdaq Composite Index surged by an impressive 45% in the current year of 2023 (so far)<\/em><\/figcaption><\/figure>\n\n\n\n

    See Related: <\/em><\/strong>Dogecoin (DOGE) And Shiba Inu (SHIB) Technical Analysis For February 2023<\/a><\/p>\n\n\n\n

    American Association Of Individual Investors Report<\/h2>\n\n\n\n

    On the other side, the American Association of Individual Investors (AAII) also reported that pessimism is \"unusually low\" and bearish sentiment remains below its historical average of 31.0% for the eight consecutive weeks. U.S. stock indexes notched their longest weekly winning streaks in years and the positive information is that the latest economic data indicated inflation is easing down closer to the Fed's average annual 2% target. Peter Cardillo, the chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

    \"We had a good inflation number on Friday and the momentum stays towards the upside. If inflation continues to move down in January and February, there's a good chance that the Fed may cut (rates) earlier than anticipated.\"<\/em><\/p>\n\n\n\n

    Caution For Individual Investors<\/h2>\n\n\n\n

    However, Cameron Dawson, chief investment officer at NewEdge Wealth, is flagging the most recent AAII sentiment survey, among other measures of market sentiment. Dawson emphasizes the significance of regularly assessing the current market sentiment, even though she acknowledges that these readings do not serve as precise timing indicators.<\/p>\n\n\n\n

    Lori Calvasina, leading U.S. equity strategist at RBC Capital Markets in New York, highlighted increased risks of a pullback as the S&P 500 nears a record high towards the end of the year. JPMorgan Asset Management advocates caution among investors due to potential recession risks. At the same time, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts predict a volatile 2024 for U.S. stocks, foreseeing fluctuations between nearing their recent highs, experiencing a decline, and subsequently rebounding.<\/p>\n","post_title":"Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. Stock Market Rose To Its Highest Level In Over Two And A Half Years","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"optimism-among-individual-investors-about-the-short-term-outlook-of-the-u-s-stock-market-rose-to-its-highest-level-in-over-two-and-a-half-years","to_ping":"","pinged":"","post_modified":"2023-12-29 00:14:37","post_modified_gmt":"2023-12-28 13:14:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14805","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14727,"post_author":"14","post_date":"2023-12-22 00:35:19","post_date_gmt":"2023-12-21 13:35:19","post_content":"\n

    U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve<\/a> in the coming year and looked ahead to a week of crucial economic data. The S&P 500 is currently less than 1% from its closing record high of 4,796.56 hit on Jan. 3, 2022, and should the benchmark index manage to top that mark, it would confirm a bull market that began at the low on October 12, 2022.<\/p>\n\n\n\n

    \"
    The S&P 500 is currently less than 1% from its closing record high<\/em><\/figcaption><\/figure>\n\n\n\n

    Additional signs of a robust economy are also offering support, and it's worth noting that the comments made by the Richmond Fed President on Tuesday morning added further positivity by highlighting \"good progress\" in addressing inflation concerns. He said that if inflation keeps slowing like it is now, the central bank \"would of course respond appropriately\"<\/em> by cutting interest rates.<\/p>\n\n\n\n

    Encouraging news is that the Commerce Department reported a substantial positive surprise in the housing sector, revealing that new U.S. home sales soared by 14.8% last month to reach 1.560 million units at a seasonally adjusted annualized rate (SAAR). Analysts expected the number to be essentially unchanged at around 1.360 million units SAAR. Jeffrey Roach, chief economist at LPL Financial<\/a>, said:<\/p>\n\n\n\n

    \"We are seeing strength in both single-family and multi-family activity as homebuilders are taking advantage of the low supply of existing homes on the market.\"<\/em><\/p>\n\n\n\n

    See Related:<\/em><\/strong> U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?<\/a><\/p>\n\n\n\n

    S&P 500 Index Target<\/h2>\n\n\n\n

    Positive information is that David Kostin, Goldman Sach's chief U.S. equity strategist, increased this week his S&P 500 index target for the upcoming year. As per Kostin, the enhanced macroeconomic forecast suggests a more favorable setting for introducing IPOs to the market. Additionally, he holds the view that enduring economic growth and declining interest rates will be advantageous for stocks that possess weaker financial standings, especially those susceptible to changes in economic growth.<\/p>\n\n\n\n

    However, Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said that as the S&P 500 approaches a record high as the year draws to a close, the pullback risks have grown. JPMorgan Asset Management also advises investors to remain cautious due to the possibility of a recession, while analysts from Soci\u00e9t\u00e9 G\u00e9n\u00e9rale warn of an anticipated volatile 2024, forecasting the index to oscillate between nearing its all-time high, facing a decline, and then rebounding.<\/p>\n\n\n\n

    Toward the end of the week, the Commerce Department is anticipated to unveil its conclusive assessment of third-quarter GDP on Thursday. This will be succeeded by the comprehensive Personal Consumption Expenditures <\/a>(PCE) report on Friday, encompassing income growth, consumer spending, and notably, inflation metrics.<\/p>\n","post_title":"U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-continue-to-grind-higher-what-to-expect-in-the-upcoming-days","to_ping":"","pinged":"","post_modified":"2023-12-22 00:35:25","post_modified_gmt":"2023-12-21 13:35:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14727","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

    U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

    Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

    This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

    Policymakers And U.S. Stocks<\/h2>\n\n\n\n

    Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

    The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

    \"S&P
    S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

    Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

    Analysts Index Review<\/h2>\n\n\n\n

    However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

    The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

    \"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14504,"post_author":"15","post_date":"2023-11-25 20:51:43","post_date_gmt":"2023-11-25 09:51:43","post_content":"\n

    MicroStrategy, a company known for its bullish stance on Bitcoin, celebrated Black Friday positively. The firm closed its shares above $500, a level last seen in December 2021. This surge elevated the company's market capitalization to $7.33 billion, as reported <\/a>by Nasdaq.<\/p>\n\n\n\n

    MicroStrategy's enduring commitment to Bitcoin has proved highly profitable. Despite starting the year with a quarterly loss, the company witnessed its stock price doubling within a month. It stands as one of the largest institutional holders of Bitcoin. Founder and chairman, Michael Saylor, initiated the strategy back in August 2020 as a hedge against inflation.<\/p>\n\n\n\n

    Saylor expressed optimism about the future, stating, \"That\u2019s why all of us are fairly bullish over the next 12 months. Demand\u2019s going to increase, supply\u2019s going to contract, and this is fairly unprecedented in the history of Wall Street.\"<\/em><\/p>\n\n\n\n

    See Related:<\/em><\/strong> DeFiChain Adds New Tokens Corresponding to Disney<\/a><\/p>\n\n\n\n

    Microstrategy's Buying Spree Strategy<\/h2>\n\n\n\n

    The positive news continued as, by April, MicroStrategy's Bitcoin holdings turned profitable. With the acquisition <\/a>of an additional 1,045 Bitcoins, increasing its total holdings to 140,000 Bitcoins. The average purchase price dropped to $29,803 per coin, with a total digital asset value exceeding $4 billion.<\/p>\n\n\n\n

    The company reported a $24 million Bitcoin impairment charge in its second-quarter earnings report. But it returned to be profitable as a whole. MicroStrategy continued its BTC purchases<\/a>, accumulating 152,800 coins valued at around $4.4 billion.<\/p>\n\n\n\n

    Despite a net loss of $143.4 million in its most recent quarterly report released in early November (a larger loss than the $27 million reported the previous year), MicroStrategy continued its Bitcoin acquisitions<\/a>, adding another 6,067 Bitcoins for $167 million.<\/p>\n\n\n\n

    Today, MicroStrategy holds approximately 0.75% of Bitcoin's total circulating supply, firmly establishing itself as a significant institutional player in the cryptocurrency market.<\/p>\n","post_title":"MicroStrategy's Stock Surges Past $500, Riding High On Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategys-stock-surges-past-500-riding-high-on-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2023-11-25 20:52:31","post_modified_gmt":"2023-11-25 09:52:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14504","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11197,"post_author":"14","post_date":"2023-04-27 10:52:23","post_date_gmt":"2023-04-27 00:52:23","post_content":"\n

    U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will continue to observe a host of earnings from mega-cap companies over the next two weeks.<\/p>\n\n\n\n

    It is important to say that of the 90 S&P 500 companies that have reported first-quarter results so far, more than 75% of them have topped analysts' estimates. According to the latest Refinitiv IBES data, earnings forecasts have improved, and analysts expect a quarterly profit contraction of 4.7% compared with a 5.1% decline estimated at the start of April.<\/p>\n\n\n\n

    Microsoft, Visa, Alphabet (Google), Boing, Meta Platforms, Mastercard, Caterpillar, Activision Blizzard, Amazon, Gilead Sciences, Intel, Pinterest, Chevron, and Exxon Mobil are among the companies scheduled to report quarterly results this trading week. A positive performance among many of these stocks has supported Wall Street this year, so investors are worried about whether the gains can continue given the gloomy economic outlook.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    Alphabet, Microsoft Corp, Amazon, and Meta Platforms constitute more than 14% of the value of the benchmark S&P 500, and investors will watch guidance carefully from these companies to determine if inflation will crimp profit margins or if costs can be passed through. Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and if earnings results fall short of expectations, the stock market's reaction could be severe. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

    \"It's a make or break week for (tech) stocks; if earnings don't disappoint, then the market can continue to rally.\"<\/em><\/p>\n\n\n\n

    In the days ahead, the U.S. stock market will also be hypersensitive to any FED comments, while money market traders are currently pricing in a 92% chance that the U.S. central bank will raise rates by 25 basis points next month. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006, and with higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates negatively influenced on companies' earnings.<\/p>\n\n\n\n

    The latest economic data, including retail sales, industrial production, and consumer sentiment, probably cemented this expectation, and important data scheduled for release this week include early readings of first-quarter U.S. GDP, personal consumer expenditure index (PCE) for March, and April consumer confidence data.<\/p>\n","post_title":"U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-have-held-steady-at-the-start-of-the-earnings-season-what-to-expect-in-coming-weeks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:05:28","post_modified_gmt":"2023-04-27 02:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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