President Joe Biden officially withdrew from the presidential race over the weekend, leaving analysts to reevaluate how the stock market could react to a Democratic or Republican win in November. What Is the Trump Trade? The market began pricing in a higher chance of Donald Trump reclaiming the White House after the first debate, as…Read more
A software update wreaked havoc across the globe last week, causing major problems for hospitals, airlines, banks, major retailers, and other businesses. As of Monday, hundreds of flights across the United States were still canceled. The company responsible, CrowdStrike (CRWD), makes software meant to keep private companies and government agencies safe from cyberattacks. But on…Read more
Down the Golden Path It’s still early days in earnings season but results have continued to surprise, coming in 5.0% above consensus estimates. Now, the rate that companies have been beating expectations has been lower than the 5-year average rate of 8.6%, but better than expected is still better than expected. That sets up this…Read more
