Trump Says Oil Will ‘Drop Like A Rock’ After Iran Conflict Ends — USO, UCO In Focus
Brent crude climbed over $109 as a Saudi pipeline shutdown tightened supply, even as Trump said the oil rally would reverse once the conflict ends.
Stocktwits
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Stock Market Is 'Overdue' For An Over 10% Correction, Says BofA Ahead Of FOMC Meeting
Bank of America raised its year-end S&P 500 target to 7,400 from 7,100.
Stocktwits
VLO Stock Heads For Best Year Since 1982 — Michael Burry Says It Has Become A ‘Huge Position’
Burry recovered his initial investment “and then some” for charity, while retaining a sizable stake that is “deep into house’s money.”
Stocktwits
Why Are Nasdaq Futures Tumbling Premarket? MU, AMD, NVDA, ORCL, RUM, TSLA, SPCX Stocks In Focus
Retail sentiment on SPY and QQQ has dipped to ‘extremely bearish’ territory amid the debate over AI ‘pacing’.
Stocktwits
Dow, S&P 500, Nasdaq Futures Decline Amid AI Concerns, Rising Oil Prices Ahead Of Fed Rate Week: RUM, ORCL, SMMT, USO Stocks In Focus
Rising oil prices amid the ongoing conflict with Iran have pressured long-term bond yields and also impacted stock markets ahead of the Fed’s September policy meeting.
Stocktwits
S&P 500, Dow Break Past Four-Day Loss To End Higher As Investors Eye Fed Meeting Next Week — DELL, HPE, EL, WMT In Focus
The consumer price index rose 0.4% in August, month over month and 3.4% year over year.
Stocktwits
Soaring Cellular Broadband Costs Contributed Most To Core CPI As Traders Cement Bets For A September Hike
An unexpected acceleration in U.S. August inflation figures, driven by rising energy costs and a record spike in cellular service plans, has heightened expectations that the Federal Reserve will raise interest rates at its upcoming meeting.
Stocktwits
CPI +3.4%, as Expected: Wherefor Go Fed Rates?
We're now looking at a 200 bps margin on PPI-CPI headlines, 240 bps on core.
Zacks
Tom Lee Says CPI Could Be ‘Pivot Point’ For Markets – Sees ‘Pretty Sizable’ Stock Rally If Inflation Cools
In an interview with CNBC, Lee said that stocks could rise even if the Fed hikes next week, since the move may already be priced in.
Stocktwits
Nasdaq, Dow, S&P 500 Futures Rise After 4-Day Market Slide As CPI Looms Large: ORCL, ADBE, MU, TSLA, RKLB, IBRX, HOOD, GME In Focus
Retail sentiment on Stocktwits turned bearish on SPY and QQQ ahead of August CPI.