The market is pricing in an 89% chance of a 25 basis points rate hike by the Federal Reserve next Wednesday, driven by a core CPI reading of 0.3% month-over-month, higher than the expected 0.2%. This breaks previous expectations that the Fed would hold rates steady before the midterm elections. The 10-year Treasury yield nearing 5% adds pressure on the Fed to act quickly to control inflation. Despite expectations of a stock sell-off, high beta stocks rose, suggesting the market may be anticipating the hike. The author remains neutral on the broader market and prefers holding cash in the short term due to uncertainty.
Elon Musk has confirmed that his company is in discussions with Terafab, marking a potential new chip manufacturing partner alongside Intel, which has been the only named chip partner until now. This development could diversify the supply chain and e...
JPMorgan Equity Premium Income ETF (JEPI) has been rated Sell because it consistently underperforms compared to the DIVO ETF across multiple market cycles. JEPI’s index option strategy does not effectively capture the high volatility of individual st...
The Solana Foundation has introduced Solana DvP, an open-source program designed to enable banks and financial institutions to settle trades instantly on the Solana blockchain. Developed with input from J.P. Morgan, the tool ensures delivery-versus-p...
Calix is rated a Buy at around $34.81 due to expected growth in software and managed-service revenues, along with expanding customer relationships. The company's completed cloud migration has improved gross margins and lowered costs, strengthening it...
Eaton Corporation is rated Sell because its stock trades at very high valuation multiples, including 44 times trailing earnings, which is unusually expensive compared to inflation and bond yields. Technical indicators suggest the stock price may have...
