President-elect Trump announced his latest picks to join the growing number of Cabinet choices as his Jan. 20th inauguration nears. Trump, in a Friday evening announcement, said that Bill Briggs would serve as the next Deputy Administrator of the U.S. Small Business Administration. If confirmed, Briggs will serve alongside Trump’s pick for SBA Administrator, Kelly Loeffler. ‘Bill is a successful businessman who served in my First Term as the Acting Associate Administrator in the Office...
S&P 5850 has been the most important “line in the sand” for stocks since the pullback from the 6000 level in November 2024. With the SPX closing below that 5850 level on Friday, we see further corrective pressures with the 200-day moving average as a reasonable downside target. Today, we’ll break down a series of projection techniques that have helped us hone in on this potential area of support. The Break of 5850 Completes a Head-and-Shoulders...
December non-farm payrolls data came in much hotter than expected. More jobs were added, the unemployment rate dipped slightly, and average hourly wages rose. Overall, it was a solid employment report, but the stock market didn’t like the news. Throw in the rise in inflation expectations to 3.3% in January as per the University of Michigan Survey of Consumers, and you get a scenario that points to fewer interest rate cuts from the Federal Reserve...
Aides for Tesla and Space X CEO Elon Musk and tech entrepreneur Vivek Ramaswamy are starting to interview staffers with the federal government for the newly created Department of Government Efficiency (DOGE), according to a new report. Representatives for DOGE have had conversations with staffers from more than a dozen federal agencies — including the Treasury Department and the Internal Revenue Service, as well as the Departments of Veterans Affairs, Homeland Security, and Health and...
Tulsi Gabbard, who is President-elect Donald Trump’s choice to be Director of National Intelligence (DNI) in his next administration, has reversed course on a controversial item after lobbying from Republican senators. Gabbard revealed on Friday that she believes section 702 of the Foreign Intelligence Surveillance Act (FISA) ‘is crucial for gathering foreign intelligence on non-U.S. persons abroad.’ She previously opposed FISA section 702 re-authorization while serving as a Democrat in the House of Representatives. ‘We...
Democratic lawmakers were noticeably silent following the sentencing of President-elect Donald Trump despite previously commenting on the cases against him, as Washington prepares for a Republican trifecta in Congress. Trump was sentenced on Friday after being found guilty on 34 charges related to falsifying business records in May. The incoming president was sentenced to unconditional discharge, which means that he will not receive any jail time, fine or probation time. The sentence also preserves Trump’s...
The composition of the top five sectors remains unchanged this week, despite an interrupted trading week. This stability comes against a backdrop of mixed signals and potential defensive rotation in the broader market. Let’s dive into the details and see how these sectors are holding up. XLY, Consumer DiscretionaryXLC, Communication ServicesXLF, FinancialsXLK, Information TechnologyXLI, Industrials Performance-wise, our equal-weight portfolio of these sectors is down 0.66% against SPY, which is down 0.44%. (Note: This analysis is...
Discover vast global investment opportunities with the E-2 Business Visa for Investors. By 2025, this permit offers a diverse selection of asset investments, encompassing property, trade ventures, and domestic maintenance services, ensuring security and expansion. The E-2 visa makes it easier to spend money and get started in different small businesses with less worry. Also, the E-2 visa facilitates familial assimilation by permitting consorts to seek employment in the U.S., and affording offspring under the...
As travelers appear for new locations to visit, shopping for residences in Bali in 2024 is the quality way to alternate the way you travel. There are nevertheless a lot of pastimes in shopping for properties in Bali’s famous vacationer areas, like Canggu and Kuta. This indicates how attractive the place is as an enterprise opportunity. Bali’s authorities additionally give proper alternatives for holiday visas, which makes long-term stays simpler for human beings who desire...
S&P 500 earnings are in for 2024 Q3, and here is our valuation analysis. The following chart shows the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to be in order to have an overvalued P/E of 20 (red line), a fairly valued P/E of 15 (blue line), or an undervalued P/E of 10 (green line). Annotations on the right side of the chart show where the range is...
