Holy Smokes! If you can think of one word to describe the last few days, lunacy is what comes to mind for me. Serious drops plagued all of the averages on Wednesday and Thursday, only to see a 300 plus point rally Friday morning. It will be very interesting to see where we close the week. Beneath the surface, we have some serious leaks in the dam. Join me from my desk in Fort Lauderdale to see what you need to be paying attention to.
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SECOND QUARTER EARNINGS The U.S.-Iran war seemingly erupted again this week, but the market ultimately shrugged it off. The S&P 500 rose to end just short of a record high on Friday, as a blockbuster Nasdaq debut of South Korea’s SK Hynix fueled optimism about memory-chip makers, while investors looked ahead to quarterly earnings season kicking […]
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Scott Bauer, CEO of Prosper Trading Academy, sat down with Interactive Brokers for their popular IBKR Podcasts series to give his current read on the market. From a surprisingly calm VIX to the inflation numbers that actually matter, Scott doesn’t hold back. Here’s what he covered.
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Scott Bauer, CEO of Prosper Trading Academy, joined CGTN America to break down the latest GDP numbers, consumer spending data, and where he sees the Fed headed next. Here’s his read on the economy right now.
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The Dow rose more than 1% to a record closing high on Thursday ahead of the long holiday weekend as a softer-than-expected U.S. jobs report eased worries about interest rate hikes, while another sharp drop in chipmaker stocks weighed on the Nasdaq. The second half of 2026 kicked off this week much the same as […]
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A renewed sell-off in technology stocks grabbed headlines this week. The Nasdaq index fell 4.5%, closing lower 5 days in a row, led by a large 5.5% decline in the so-called Magnificent 7 mega cap names. Meanwhile, the post IPO exuberance around SpaceX appears to be fading, with shares now down 25% from their peak. […]
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Equities finished the holiday-shortened week with a more complicated message than the headline indexes suggested. The Dow Jones Industrial Average pushed to new records this week, helped by industrials and financials, while the broader market wrestled with a hawkish Federal Reserve, rising 2-year yields, and an increasingly narrow technology trade. The week’s major geopolitical headline was […]
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