Investment Learning

  • July 16, 2024

Small caps on a roll, cyclicals surging: Market Takeaways

Small caps stocks, which are tracked on the Russell 2000 (^RUT), out performed large cap stocks on the Nasdaq 100 (^NDX) for 5 straight days. Cyclical sectors, like industrials (XLI) and the homebuilder category (XHB), have also been surging within the last few days. Yahoo Finance senior markets reporter Jared Blikre joins Asking For A Trend to break down what's been driving the top market trends on July 16. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino

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  • July 16, 2024

Homebuilder sentiment slips to 7 month low in July

New data shows that homebuilder sentiment in July has fallen to its lowest level since December 2023 as mortgage rates remain high. Yahoo Finance housing reporter Dani Romero joins Market Domination Overtime to discuss the strain on homebuilders and how the Biden administration's proposal to cap rental price increases at 5% nationwide may impact the housing market. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl

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  • July 16, 2024

US June Retail Sales Remain Steady

According to Odaily, the retail sales in the United States for June remained unchanged at 0%, surpassing market expectations of a -0.3% decline. The previous month's figure was recorded at 0.1%.

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  • July 16, 2024

Fed Likely To Maintain Rates In August, Potential Cuts In September

According to BlockBeats, as of July 16, data from CME's 'FedWatch' tool indicates a 91.2% probability that the Federal Reserve will keep interest rates unchanged in August, with an 8.8% chance of a 25 basis point rate cut.Looking ahead to September, the likelihood of the Federal Reserve maintaining the current interest rates drops to 0%. The probability of a cumulative 25 basis point rate cut stands at 85.7%, while the chances of a cumulative 50 basis point cut are at 13.7%. There is also a 0.5% probability of a cumulative 75 basis point rate cut.

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