2024

Data from Deribit, the leading exchange for Bitcoin (CRYPTO: BTC) and Ethereum options, signals a positive outlook for Bitcoin's value increase in the spring of 2024. What Happened Deribit Chief Commercial Officer Luuk Strijers highlighted that the futures premium above the Bitcoin spot...

As we approach 2024, the U.S. brokerage industry stands at a critical juncture, eagerly awaiting a shift in fortunes after years of liquidity drainage due to rising interest rates. The team at Bank of America, headed by Craig Siegenthaler, CFA, forecasts a year marked by crucial transformations,...

Ahead of 2024, investors exhibit a rising sense of optimism, building on the back of a highly profitable 2023, a recent Bloomberg survey reveals. 2023 was a year of robust growth in the stock market. The S&P 500 saw a growth of 20%, while Nasdaq 100 surged by 46%. Nvidia Corp. (NASDAQ:NVDA),...

Two of the most optimistic investment firms, BMO Capital Markets and Deutsche Bank (NYSE: DB), are forecasting a recession in the U.S. economy despite the consensus of continued growth and solid stock gains. What Happened: The firms predict a downturn in economic growth by the end of 2024...

November's 8.9% surge in the S&P 500 Index snapped a three-month losing streak and may lead to a subdued December. November witnessed a remarkable rally in the stock markets, with the S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), surging 8.9%. This impressive gain...

JPMorgan painted a rather pessimistic picture for the U.S. stock market in 2024, boldly positioning itself as the most bearish investment bank on Wall Street. The biggest U.S. bank is forecasting the S&P 500 to drop to 4,200 points next year, implying an 8% fall from current levels, in what can...

Given the fair winds of lower interest rates and a soft landing for the economy next year, the S&P 500 index could return 11% in 2024, analysts predict. That’s not a bad shout, given that the historical average annual return for the index is around that mark. In 2023 so far, the S&P...

Standard Chartered (OTCMKTS: SCBFY) has reaffirmed its outlook for Bitcoin's (CRYPTO: BTC) price to peak to $100,000 by/before the end of 2024. “Things are moving as expected," the bank proclaimed, echoing its message from April that the so-called crypto winter is over. What Happened...

Bank of America has set an optimistic target for the S&P 500, forecasting a milestone of 5,000 points by the end of 2024. This projection signals a robust 10% leap from the index’s current standings, as noted by equity analyst Savita Subramanian in a recent market outlook report. In a...

Artificial intelligence technology has taken the tech world by storm this year with the popularity of the large language model-powered ChatGPT and the wider adoption of generative AI by enterprises. The AI frenzy isn’t expected to die down anytime soon, and an analyst at Morgan Stanley is...

As Deere & Company (NYSE:DE) reported better-than-expected fourth-quarter numbers, its stock price lurched nearly 7% lower. What did it do wrong? Nothing wrong with the numbers: at $8.26 its earnings per share easily beat market forecasts of $7.49, while full-year net income of $10.2 billion...

As the slowdown in home sales continues through 2023, homebuilders could be facing a tough few months in early 2024 as interest rates remain at multi-year highs and the labor market growth begins to stall. While sales are falling — largely due to affordability issues given higher interest rates —...

No matter which one of the two leading presidential candidates wins the White House in 2024, he will be the oldest person ever elected to the job, a record President Biden set in 2020. Both of the soon-to-be-octogenarians, Joe Biden (80) and Donald Trump (77) are now or will be surrounded...

American households face a challenging economic environment, primarily driven by persistent inflation. Credit card debt is high, and personal savings rates are low. The Federal Reserve – and money itself – have become critical issues in the current Presidential race. The usual questions...

In his first public address from the Oval Office last night, President Joe Biden praised House Speaker Kevin McCarthy for the debt-ceiling agreement Congress successfully passed earlier in the week. During his remarks, Biden said, "I want to commend Speaker McCarthy. You know, he and I...