After the major indices experienced their worst drops in years in the beginning of April, they’ve since bounced back strongly. In fact, the S&P 500 and Dow recorded gains nine days in a row – the first time the S&P 500 has rallied for nine consecutive days in 20 years.
The fact is a handful of key economic reports, combined with signs of potential progress on tariffs, as well as a number of solid earnings reports, all gave Wall Street reason to cheer.
But this week, it will be all about the Federal Reserve. Tuesday kicks off the Federal Open Market Committee (FOMC) meeting, and an interest rate decision is expected on Wednesday.
Right now, the CME FedWatch Tool shows a 96.9% chance that the Fed will keep interest rates the same. Personally, I think the Fed is clinically insane if they don’t cut interest rates on Wednesday. (I’ve explained why in previous Market 360 articles here and here.) And if they don’t, it tells me they aren’t looking at the data. Regardless, I’m predicting four rate cuts this year – largely due to the global collapse in interest rates in Europe.
Now, given all of the uncertainty, not to mention the volatility, you may be wondering whether you should practice the old saying and, “Sell in May and go away.”
So, in this week’s episode of Navellier Market Buzz, I’ll explain what that means – and why I think that’s bad advice. We’ll also preview some key economic reports to watch this week, along with some major companies that are set to announce. Plus, I will answer a couple of questions from subscribers, including one about Super Micro Computer, Inc. (SMCI).
Click the image below to watch now!
If you like what you saw, don’t forget to subscribe to my YouTube channel here so you can be notified when I upload a new video. You can also submit any questions you have so they can be featured in the next episode!
A New Economic Shift – How You Can Prepare
As I said, this week is all about the Fed. But many don’t realize that there is another economic shift happening behind the scenes, one that is unlike anything I’ve seen in my four decades on Wall Street.
I call it The Economic Singularity.
We’re talking about an economic transformation so profound it could create explosive wealth for those who understand it. But for those that don’t, it could bring devastating financial consequences.
I don’t say this to scare you, folks. In fact, I want to make sure you know exactly what’s coming and how you can prepare for it the right way.
That’s why I’ve prepared this new video to explain why this matters and what you can do to stay safe in this economic shift that could reshape America’s financial landscape as we know it.
Click here to watch my special presentation now.
Sincerely,
Louis Navellier
Editor, Market 360
The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:
Super Micro Computer, Inc. (SMCI)
