Your Evening Recap for Tuesday, April 2ndEquity markets sold off on Tuesday, extending the weakness seen on Monday. The 2nd quarter is starting on shaky footing due to receding expectations for FOMC rate cuts this summer, and more bad news came out during the session. Oil prices rose 1% to set another fresh high to underpin inflation, while the Fed's Mester ruled out a cut in May. She still thinks a cut will come this year but is uncertain of the timing and needs more data. The news that caught the market's attention was her long-term outlook for long-term rates, which was increased. In her view, the target rate is likely near 3.0% a full 100% basis points above the market's expectations.
The yield on the ten-year treasury advanced to a new six-week high on the news, and the S&P 500 fell. The broad market fell more than 1.0% at the session's low, marking the largest one-day decline in weeks. The VIX spiked in tandem, signaling a more significant correction could come. If the market can not regain footing by the end of the week, a move to firmer support levels is likely. The next catalyst is the labor market data which begins coming out today. Featured: 2024's Must-Have Guide: Master Crypto Investment Today (Darwin) |
 Among Marketbeat’s numerous investor resources are screener pages seeking hard-to-find investments. One of those tools is the screener page for Cheap Dividend Stocks, which is a veritable treasure trove of candidates. It roots out stocks trading within 20% of their 52-week lows that pay 3% or more in yield. Investors can use the list as a starting point for their research and apply other criteria to weed bad from the good. This is a look at the top 5 stocks on the list and whether they are a buy, sell, or hold. #5 AdvisoryShares Dorsey Wright Short ETF Made the Cut AdvisoryShares Dorsey Wright Short ETF (NASDAQ: DWSH) made the cut, regarding its trading status and dividend yield, but investors should think twice before buying into this one. Read The Full Story > |  The S&P 500 just crossed below the 200 day moving average…
The Nasdaq is bleeding out… Are we headed for a recession?!
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 General Electric has completed its split of the one-time conglomerate into three separate companies, as its aerospace and energy businesses started trading on the New York Stock Exchange as separate entities on Tuesday Read The Full Story > |
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