You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Profit from the Pros By Kevin Matras Executive Vice President
Stocks Soar On Optimistic Fed Comments
Stocks soared yesterday with all of the major indexes up about 1%.
They were already up from the opening bell, but added to their gains after the Fed said they would likely begin tapering their bond-buying "soon," which many have interpreted as their next meeting in November.
The market cheered the last time the Fed hinted that the tapering was likely to come sooner rather than later. And the market's reaction was no different this time.
Why so happy about tightening monetary policy (albeit just a little)?
Because 1) it shows the Fed's confidence in the recovery, and 2) it shows they won't let inflation get too hot before acting. And that's reassuring to the market.
As for rates, those expect to remain near zero for the foreseeable future.
While two more Fed policymakers (9 out of 18 this time vs. 7 out of 18 last time), see rates beginning to go up as early as sometime in 2022, half don't see it until sometime in 2023.
In other news, MBA Mortgage Applications showed the composite index rose by 4.9% w/w (purchases were up 2.0%, while refi's were up 7.0%).
Although, Existing Home Sales slipped a bit (-2.0% m/m, and -1.5% y/y), coming in at an annualized rate of 5.880 million units vs. last month's 6.000M, and views for 5.900M. (Still a solid number though.)
Today we'll get Weekly Jobless Claims, the Chicago Fed National Activity Index, the PMI Composite report, Leading Indicators, and the Kansas City Fed Manufacturing Index.
The economic recovery continues. And full-year GDP growth looks set to be one for the record books. Quite frankly, it's looking more and more like the beginning of a multiyear boom.
And one area that looks like it's getting ready to soar is renewable energy. With all of the money going into renewable energy projects, big gains are likely to follow. And the push to go green is not just here in the U.S., but around the globe. To learn how to cash in on the clean energy revolution, be sure to read our latest commentary...
If you're looking for new private credit or blockchain-based investments, look no further. Figure Private Credit Strategy*1 provides exposure to an institutional-quality portfolio of collateral-backed mortgage assets, allowing individual investors to access attractive yield generating assets in a simple, easy-to-understand vehicle.
The Portfolio is designed to generate a target yield*2 of 9% annually to investors by investing in a diversified pool of digitally native assets originated on the Provenance blockchain.
With massive amounts of federal spending potentially on the way soon, a select number of infrastructure stocks are poised for a historic surge. Some stocks have doubled... tripled... even 6X'd the S&P – and the money hasn't even started flowing yet.
Zacks has just updated How to Profit from Trillions in Spending for Infrastructure, an urgent report to help investors take full advantage of this rare opportunity.
Infrastructure stocks have recently soared as much as +81%... +150%... even +248%. The 5 stocks in this report could rival those returns. Don't delay: this Special Report is only available until Sunday, September 26.
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. Read More »
Download our app for convenient on-the-go access to even more—daily and weekly newsletters published by Zacks experts, proprietary research and tools, and Portfolio Tracker on Zacks.com.
Visit Success Stories to hear how Zacks research, tools and portfolios help our members outperform the market.
Get all of our market insights and much more when you connect with us.
This free resource is being sent by Zacks.com. We look for investment resources and inform you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research is not a licensed securities dealer, broker or US investment adviser or investment bank. The Zacks #1 Rank Performance covers the period beginning on January 1, 1988 through June 28, 2021. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank #1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed above.
Zacks Emails If you would prefer to not receive future profit-producing emails from Zacks.com the primary purpose of which is the commercial advertisement or promotion of a commercial product or service, then please click here and confirm your request. If you have trouble with the unsubscribe link, please email email@example.com.
Zacks Investment Research 10 S. Riverside Plaza, Suite 1600 Chicago, IL 60606
Due to inactivity, you will be signed out in approximately: