In a Market Upturn or Downturn, Turn to Weiss Ratings
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| By Mahdis Marzooghian |
After another disappointingly down week, the markets seemed a bit more stable on Friday, thanks to a reassuring profit report from Amazon.com (AMZN) and some mixed readings on the economy.
Indeed, the S&P 500 was 0.2% higher in morning trading, coming off its ninth loss in 11 days and its lowest level in five months.
Stocks have struggled recently due to several reasons, including a number of Big Tech stocks tanking after releasing their summer profit reports … and rising Treasury yields in the bond market tightening their grip on the market.
However, the market caught a break yesterday after Amazon rose 7.8% following its profit report. Both its summer profit and revenue numbers were better than expected. As seasoned investors know, Amazon’s stock movements carry enormous weight on the S&P 500 and other indexes.
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As far as the economy goes, a report showed that the measure of inflation preferred by the Fed remained high last month, but within economists’ expectations. It also showed spending by U.S. consumers was stronger than expected, even though growth in their incomes fell short of forecasts.
All in all, despite what the data shows, the market still expects the Fed to hold rates steady again next week and is prepared for rates to stay higher for longer, as Fed Chair Jerome Powell promised.
But no matter what the market or the Fed does and no matter what the economic data says, one thing is clear — here at Weiss Ratings, our experts have plenty to be optimistic about. That’s because with the help of our Weiss ratings —now with the incorporation of performance boost AI — and our experts’ research, you can find opportunities and gains no matter what.
So, whether there’s a market upturn or a downturn, you should turn to Weiss Ratings — every time. And our experts would certainly agree; in fact, here’s their latest research …
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While it’s been another down week in the stock market, our friends in crypto have had a wild ride. We have DeFi & Crypto Educator Chris Coney to discuss what such a rapid rally can do to an investor’s mind. And this lesson applies to everything, not just cryptocurrencies.
Until next time,
Mahdis Marzooghian
Managing Editor
Weiss Ratings Daily
