Federal Reserve monetary policy has been a major financial story for the past few years. And today, the Fed made headlines again by announcing that it is again keeping its benchmark interest rate at the same place it’s been since July of last year. The Fed also indicated that investors should expect only one rate cut by the end of…
ChatGPT and its creator, OpenAI, triggered the modern conversation around artificial intelligence. The AI large language model fascinated its users by providing relevant information based on text prompts. ChatGPT offers instant answers instead of requiring users to scan multiple pages on a search engine. Here are six stocks that either stand to benefit substantially from ChatGPT’s growth and the incorporation…
The energy sector shows promise due to geopolitical tensions and increasing energy needs from transportation, urbanization, and industrialization. Despite high interest rates and rising U.S. production, deep oil output cuts are expected in 2025 to stabilize the market. Additionally, anticipated Fed’s interest rate cuts in September are likely to stimulate economic activity and boost oil demand. Amid this backdrop, investors could consider…
Craig and I took a deep look at the equities market, seasonality, precious metals, along with the economy & business cycles vs stock market cycles. Craig and I discussed the following topics and questions: What are your thoughts on the macro and the jobs report? Has the slow decline in the economy hit the equities market yet? Gold Futures Seasonality…
Investors often try to get rich quick, buying shares of stocks that are rocketing higher. The problem is that those stocks sometimes flame out in the end. A more reliable way to build generational wealth is to have a strong foundation of boring, reliable companies. It’s even better if those companies pay dividends that can be reinvested over time. Right…
Regardless of risk tolerance or investment horizon, it’s worth considering allocating a small portion of your portfolio to promising penny stocks for long-term growth. Choosing the right companies is essential, even if your investment is modest. The key is to reduce speculation and rely on solid, forward-looking analysis to make informed investment choices. Here are three top penny stocks that…
Nvidia (NASDAQ:NVDA) has produced generational returns in a short amount of time. The stock has soared by more than 3,000% over the past five years and continues to be a winner on Wall Street. Analysts continue to raise their price targets for the AI leader. It’s rated as a strong buy with a projected 10% upside from current levels. A stock split has…
The S&P 500’s 2024 rally resumed in May as strong first-quarter earnings numbers overshadowed fears over slowing economic growth and potential stagflation. After a strong 2023 performance, the S&P 500 is up more than 10% year to date, and investors are hoping the inflation outlook will improve further in coming months. Top 2024 stock market performers include health care stocks with unique…
On Kitco News, Jeremy Szafron and I chatted about the stock market’s current topping phase and what this could mean for a financial reset. We covered what happens when traders overreact to news-based economic data and what the PCE data implies for the overall health of the market. We also examine what strategies will help to protect against market tops,…
The allure of passive income — imagine an image of cash flowing effortlessly into your account as you relax on a sun-drenched beach — this image has captivated many with dreams of financial freedom. I think it’s important to clear up some common misconceptions: passive income isn’t just a fantasy for the wealthy or the lucky, nor does it require…