The stock market rally finally suffered substantial losses Thursday as the 10-year Treasury yields continue to rise. So, do we find ourselves staring down the barrel of a broad stock market retreat or a sector rotation? | | Kingmakers have been around for thousands of years…
They're the most influential people in the world. And right now, in the stock market, they consist of people like Warren Buffett, George Soros and Ray Dalio.
What do all of these men have in common — other than billions of dollars in net worth?
They can single handedly send the share price of any given stock to the moon.
Trading expert and Forbes contributor Adam Sarhan seems to have figured out how to track the moves of these financial juggernauts… | | | | | | | |  | Well, after bragging all week about how right I've been so far, I was wrong… sort of.
Thursday's disappointing GDP report was filled with mixed economic messages, and the future path of the economy is a little more uncertain than it was the day before.
On one hand, we were right that year-on-year GDP growth was unprecedented in our lifetime — the highest since 1951 — and that's likely the biggest number we'll ever see.
On the other hand, we were wrong in thinking that it would be the biggest of all time. | | What to Look at Now | | |  | How We're Trading in Light of the FOMC Release | July 28, 2021 | Raise your hand if you thought things were actually going to change during the July Federal Open Market Committee meeting? Just so you know, I kept my hand down. | | Continue Reading | | | | Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions. | | | | |
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