Equity Volatility Rising

Equity volatility rose to the highest levels since April as the seismic rotation out of U.S. mega-cap stocks continued for a second straight week….

Equity Market Tendency for July

Investment-grade corporate bonds remain attractive given their lower risk and relatively high yields. Long-term investors who can handle volatility might consider high-yield bonds and preferred securities, but we wouldn’t suggest large positions in either.

2024 Mid-Year Outlook: Corporate Bonds

Investment-grade corporate bonds remain attractive given their lower risk and relatively high yields. Long-term investors who can handle volatility might consider high-yield bonds and preferred securities, but we wouldn’t suggest large positions in either.

ADBE price target lowered

TD Cowen’s J. Derrick Wood lowered their price target on Adobe (NASDAQ: ADBE) by 2.3% from $640 to $625 on 2024/06/10. The analyst maintained their Strong Buy rating on the stock.

Bull case down but not out

Target reported its Q1 2024 earnings on 2024/05/22.
Cutting their price target in response, Trussell argued that “the bull case on Target is down but not out.”

VTSI upgraded to strong buy

Lake Street’s Jaeson Schmidt raised their price target on Virtra (NASDAQ: VTSI) by 23.1% from $13 to $16 on 2024/05/15. The analyst maintained their Strong Buy rating on the stock. READ MORE

Commodities Outpacing Stocks

This year, the Dow Jones Commodity Index, a measure of 28 different commodities prices, has risen 6.5%, outpacing the S&P 500. Investors and producers are locking in contracts to hedge against increasing costs amid geopolitical risks, environmental disruptions, and supply uncertainties….

Technology In Danger

The US dollar continues to surge on inflation and rate cut fears…..with the currency bucking seasonal trends and now pressing into key supply, we are now at a pivotal point for next likely direction of the US equity markets and commodities.

Make Or Break For The US$

The US dollar continues to surge on inflation and rate cut fears…..with the currency bucking seasonal trends and now pressing into key supply, we are now at a pivotal point for next likely direction of the US equity markets and commodities.

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