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The Securities and Exchange Commission (SEC) is illegally collecting data of every citizen who invests in the stock market, according to a new lawsuit. The New Civil Liberties Alliance (NCLA) filed the suit Tuesday against the SEC claiming that the agency, through its “Consolidated Audit Trail,” or “CAT,” program, is collecting mass amounts of personally identifiable data by forcing brokers, exchanges, clearing agencies and alternative trading systems to capture and send detailed information on every investor’s trades in U.S. markets to a centralized database. The Securities and Exchange Commission (SEC) is illegally collecting data of every citizen who invests in...

Donald Trump's social media platform Truth Social (DJT) surged more than 50% in its first day of trading on the Nasdaq Tuesday morning. Shares of Trump Media & Technology Group, Truth Social's parent company, were trading above $75 under the ticker symbol "DJT," Trump's initials, just after the market open. The company merged with special purpose vehicle Digital World Acquisition Corp. (DWAC) in a deal approved by shareholders last week. Prior to the merger, DWAC had been on the public market since 2021. Trump founded Truth Social after he was kicked off major social media apps like Facebook and Twitter,...

Stock have notched a string of record highs this year, driven by a tech frenzy and high federal spending that have blotted out all else, Bill Gross wrote in his latest investment outlook.It's these factors that have spurred the S&P 500 up over 20% since mid-2022, even as interest rates tightened aggressively in the same timeframe, sending Treasury yields higher.And the trend isn't going away anytime soon, he asserted: "Buckle up for excessive exuberance."Typically, bond yields will decline ahead of stock euphoria. For instance, the Nasdaq 100 increased twelvefold after the 10-year real rate fell from 2% to negative 1%...

Just as confidence grew that inflation was tamed, it rears its head again, sending shockwaves through the markets. The Dow Jones takes a nosedive of more than 400 points following January's inflation report, which significantly surpassed expectations. Economists find themselves puzzled as both Core CPI and headline CPI register higher than anticipated for the second consecutive month. The unsettling reality extends beyond these headline figures, with inflation soaring in essential areas: Car Insurance Inflation: 20.6% Transportation Inflation: 9.5% Hospital Services Inflation: 6.7% Car Repair Inflation: 6.5% Homeowner Inflation: 6.2% Rent Inflation: 6.1% Food Away From Home Inflation: 5.1%

i am trying to get a feel for the USA economy and USA stocks through to nov-dec 2024. what is the best prognosis? and why? what is the worst prognosis? and why? allow me to take a swag at both. the best would be that QE is re-instituted or continued. this however gets into the definition of "best." best in the longer term would involve reducing welfare which we all know is difficult to touch politically. i think we can do at least one more year of federal funding through issuing more debt although the current US govt bonds are...

In the ever-evolving landscape of financial markets, a red flag is waving high as market concentration risk reaches an unprecedented peak. The Top 10 stocks in the Russell 1000 now hold a staggering 31.3% of the index, marking a historic high and raising questions about the sustainability of the current market euphoria. The earnings gap between Mega Cap Tech Stocks and Small Caps has widened to an all-time high, creating a stark dichotomy in the performance of different segments of the market. As history unfolds, it’s vital to pay heed to the lessons of the past, where the most significant...

Former President Donald Trump claimed that the stock market is booming under President Joe Biden because investors believe he will return to the White House. The Republican frontrunner joined Fox Business anchor Maria Bartiromo for an interview set to air on Sunday, where he discussed his economic policy and the current state of the economy under Biden. Recently, the Dow Jones Industrial Average and the S&P 500 index hit record heights under Biden. Trump tried taking credit for those numbers, claiming in his interview with Bartiromo that investors believe he is going to be the Republican nominee and beat Biden...

Don’t look now, but General Motors shares have taken off. Fourth-quarter earnings and guidance for 2024 should help extend recent gains. GM reported Tuesday a fourth-quarter operating profit of $1.8 billion and earnings per share of $1.24 on sales of about $43 billion. Wall Street was looking for about $1.9 billion in operating profit and earnings per share of $1.16 on sales of just under $40 billion, according to Bloomberg.

Congressman Tim Burchett is now exposing insider trading in Congress. Watch out Pelosi!

Several establishment members of Congress were among the top lawmakers to successfully trade stocks in 2023, a report by Unusual Whales found Tuesday. The findings raise concerns that many members of Congress trade stocks based on information unavailable to the public. Some of the most notable establishment members to beat the market were: Rep. Dan Crenshaw (R-TX) — up 38.2 percent Rep. Nancy Pelosi (D-CA) — up 65.5 percent Sen. Mitch McConnell (R-KY) — up 18.1 percent Rep. Dan Goldman (D-NY) — up 52.8 percent Rep. John Curtis (R-UT) — up 25.3 percent

Bets against the value of Israeli companies spiked in the days before the October 7th Hamas attacks, suggesting some traders may have had advance knowledge of the looming terror attack and profited off it, according to new research released Monday. The preliminary research, which hasn’t been peer reviewed, is from law professors at Columbia University and New York University and details a “significant” and “unusual” spike five days before the attacks in short selling in the most popular fund linked to Israeli companies. Short selling is a way to bet against the value of a security.

The bursting of the tech and housing bubble is sending shockwaves through the markets, with ominous signs pointing to an impending economic downturn. San Francisco, a city synonymous with skyrocketing real estate prices, is witnessing a significant shift as condos are now priced under $1000 per square foot for the first time in eight years. This unsettling development comes alongside a series of WARN notices, indicating a rise in job cuts and economic uncertainty. According to reports from Goldman Sachs, the so-called “Magnificent 7” tech stocks—Microsoft ($MSFT), Apple ($AAPL), Google ($GOOGL), Meta ($META), Amazon ($AMZN), NVIDIA ($NVDA), and Tesla ($TSLA)—have...

Axios reports that new homeowners may not turn a profit for over a decade, creating a dire situation. Trapped in a cycle of debt and depreciation, they face a challenging housing market. Advocates urge government intervention to regulate and make housing more affordable and sustainable. Furthermore, concerns arise about a potential lost decade in the stock market, reminiscent of the 00’s or 70’s, triggered by rising rates. Investors are cautioned as the ‘Magnificent Seven’ stocks start resembling the ‘Nifty 50’ of the 1970s, signaling potential risks.

You can't beat Dow Jones stocks for stability and defense in a down market. By the same token, the blue chip average won't always keep up in a rising market.Case in point: equities are having a strong 2023, with the S&P 500 delivering a price gain of 15% for the year-to-date through November 10. The tech-heavy Nasdaq Composite, which is both riskier and "growthier," soared 32% over the same span. The Dow Jones Industrial Average, by comparison, is very much lagging the pack. The elite bastion of 30 mostly mature industry leaders delivered a comparatively poky price gain of 3.4%...

Renewed selling on fears of a recession dragged the Dow Jones Industrial Average lower on Friday and pushed the S&P 500 into correction territory. The 30-stock Dow fell 366.71 points, or 1.12% to close at 32,417.59. The S&P 500 slipped 0.48% to finish the session at 4,117.37, closing 10.3% lower from this year's peak on July 31. The Dow was pressured by declines in JPMorgan Chase after CEO Jamie Dimon said he planned to sell 1 million shares next year. The Nasdaq Composite held 0.38% higher to 12,643.01, thanks to shares of Amazon. Amazon added more than 6% after the...

A Wall Street selloff intensified Tuesday as rising Treasury yields piled on pressure and investors got a reminder not to expect a Federal Reserve interest rate cut any time soon. The S&P 500 (^GSPC) dropped almost 1.1%, while the Dow Jones Industrial Average (^DJI) tumbled about 1.1%, or more than 350 points. The tech-heavy Nasdaq Composite (^IXIC) was down over 1.5% after closing with a gain on Monday. Hawkish comments by Fed policymakers reminded investors that resilience in the US economy likely means borrowing costs will stay higher for longer. Traders are now pricing in odds of 29% that policymakers...

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Shares of Walt Disney fell 3.9% on Thursday, closing at their lowest level in nearly nine years, with some investors betting that a further price drop is on the cards in the next few months. Disney stockholders are scrutinizing the company's turnaround plan after chief Bob Iger earlier this month promised a mix of price hikes across its streaming properties, more ads and cost cuts to lift the business. On Thursday, Disney options were busier than usual with some 321,000 contracts traded, or 1.4 times the average daily volume, according to data from options analytics firm Trade Alert. Trading sentiment...

Did anyone notice the DAX rise and fall overnight? And the the 100pt jump in NDX 10 minutes after close. Does anyone think that looks like a real market? What in the sam hill is going on? The DAX is ...sort of ... the gas peddle and the brake for the market. It looked like the DAX had been run up over night to give them a little gas peddle for the open. At open they hit the gas and started dropping the dollar, which gave the market room to move up. They had pretty much gave there all by...

The current rally in stocks doesn't mean a new bull market has taken off, as the bear market could easily be re-awakened if the Fed pauses rate hikes, according to Morgan Stanley's chief investment officer Mike Wilson.In a note on Monday, Wilson reiterated his bearish view on stocks, despite the S&P 500's strong performance this year. The benchmark index is now up 20% from its low in October and officially entered a bull market last week – a sign that investors are growing more enthusiastic on stocks as inflation eases and markets dial back their expectations for Fed interest rate...