The S & P 500 has just experienced its first 10% correction since last summer, with many other indices, ETFs, and individual stocks experiencing even steeper drawdowns. Few names have been spared. That’s why when a stock not only holds up well but also approaches a major technical breakout, it demands our attention. CBOE is one of those stocks. We first flagged it to clients on February 20, 2025 — the day right after the S & P 500 made its last all-time high. At the time, the stock still had work to do, and we emphasized that breakouts should…
Author: usaeverydaylife
U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., February 12, 2025. Nathan Howard | ReutersFederal Reserve officials slashed their economic outlook in the latest projections released Wednesday, seeing the U.S. economy growing at a pace lower than 2%.The rate-setting Federal Open Market Committee downgraded its collective outlook for economic growth to 1.7%, down from the last projection of 2.1% in December. In the meantime, officials hiked their inflation outlook, seeing core prices growing at a 2.8% annual pace, up…
One of the two Democratic commissioners at the Federal Trade Commission whom President Donald Trump abruptly fired Tuesday warned that her ouster could erode market stability.”This isn’t just about the FTC, and it’s not about my job,” former commissioner Rebecca Kelly Slaughter said Wednesday on CNBC’s “Squawk on the Street.””This is about policing the ability of the FTC to police markets and ensure honest businesses are protected, instead of allowing companies that lie and cheat to get ahead,” she said.”And it’s not just about the FTC, it’s about all of the structures of government that protect market stability,” she said.…
March Madness is underway, which means it’s time to update The Athletic’s 2025 NBA Mock Draft. Scouts and executives have traveled all over the United States to see conference tournaments, one of the best ways to get eyes on a significant number of prospects in one place. Particularly, the SEC tournament was littered with NBA executive personnel because of how loaded the conference was this season.Quite a few players really helped themselves. After Cooper Flagg turned his ankle in the ACC tournament quarterfinals, Duke wing Kon Knueppel stepped up and won tournament MVP honors. Colorado State wing Nique Clifford has…
Israel ground forces pushed deeper into the Gaza Strip on Wednesday, taking over parts of a major corridor that bisects the Palestinian enclave, in the most significant ground operation since the collapse of the cease-fire with Hamas.The operation followed wide-scale Israeli aerial bombardment in Gaza that began early on Tuesday morning, ending the fragile truce between Israel and Hamas that had held since mid-January. More than 400 people were killed, according to the Gaza health ministry, which does not distinguish between civilians and combatants.The Israeli military said soldiers had begun “targeted ground activities” along the road — known as the…
Despite a difficult month for financial stocks and other interest rate-sensitive companies, insurance companies have managed to outperform the broader market. The SPDR S & P Insurance ETF (KIE) has managed to tick up more than 2% over the past month. This is in contrast to losses of around 6% for the SPDR Financial Sector Fund (XLF) , and a 10% pullback in the SPDR Bank ETF (KBE) . Around 80% of the names in the insurance exchange-traded fund are trading above their 50-day moving average, compared to only about a third for the financial ETF, and just 3% of…
Wall Street may be getting used to the uptick in volatility that started when President Donald Trump began implementing his tariffs on China, Canada and Mexico. But typical stockholders may not be faring that well, with the S & P 500 pulling back 3.9% in 2025. However, if investors had instead faded volatility and stuck with the Invesco S & P 500 Low Volatility ETF (SPLV) , they would be sitting on a 4.7% gain year to date. The SPLV has even outperformed over the past year with a gain of nearly 13%, compared with about 9% for the broad…
FILE PHOTO: Mahmoud Khalil speaks to members of media about the Revolt for Rafah encampment at Columbia University during the ongoing conflict between Israel and the Palestinian Islamist group Hamas in Gaza, in New York City, U.S., June 1, 2024. Jeenah Moon | ReutersA Columbia University student activist detained by the U.S. government over his participation in pro-Palestinian demonstrations can challenge the legality of his detention, but the case should be heard in New Jersey, rather than in New York or Louisiana, a federal judge ruled Wednesday.Mahmoud Khalil, 30, a legal U.S. resident with no criminal record, was detained by federal…
As the college basketball world gears up for March Madness, this is the last chance for seniors to make an impression on WNBA talent evaluators ahead of the 2025 WNBA Draft, which will be held eight days after the national championship.Unlike on the men’s side, tournament risers aren’t as prevalent, thanks to four years of tape on most prospects. However, a strong run of play to close the season can’t hurt. In recent memory, Maddy Siegrist (2023) and Emily Engstler (2022) vaulted themselves into the lottery with their performances in February and March.With WNBA free agency and trade season essentially…
Microsoft’s Amy Coleman (L) and Kathleen Hogan (R).Source: MicrosoftMicrosoft said Wednesday that company veteran Amy Coleman will become its new executive vice president chief people officer, replacing Kathleen Hogan, who has held the position for the past decade.Hogan will remain an executive vice president but move to a newly established Office of Strategy and Transformation, which is an expansion of the office of the CEO. She will join Microsoft’s group of top executives, reporting directly to CEO Satya Nadella. Coleman is stepping into a major role, given that Microsoft is among the largest employers in the U.S., with 228,000 total…
