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US stocks took a sharp plunge yesterday, wrapping up what has been Wall Street’s worst month in 2024. The downturn was spurred by hotter than expected labor data, heightening investor anticipation for the Federal Reserve’s upcoming interest rate decision. Despite this setback, the S&P 500 still boasts a 5.5% gain for the year. In fact, there’s optimism from at least one strategist who thinks the index still has plenty room to run. Jay Hatfield, CEO of Infrastructure Capital Advisors, believes th
So far this year, the stock markets are riding high, with both the S&P 500 and the NASDAQ standing just under their record levels. However, the picture may not be all roses and light. Covering the markets from B. Riley Wealth Management, chief investment strategist Paul Dietrich is predicting a mild recession in the US this year – but also an S&P decline of up to 44%. Dietrich is noted for advising his clients to move out of stocks ahead of recessions and market downturns in 2000 and 2007. Summi