The Fed now risks staying too tight for too long and causing the economy to roll over.

The manufacturing ISM has been in contraction for 15 months but the report this month has positives on production and new orders.

In the large-cap Russell 1,000, the 100 stocks that began 2024 with the lowest share prices fell an average of 7.4% in January, while the 100 stocks that began the year with the highest share prices rose an average of 2%.

The US manufacturing ISM index was stronger than expected in January but is unlikely to lead to a Fed rate cut in March.

100% technical buy signals. 15 new highs and up 27.97% in the last month. 96.20+ Weighted Alpha.

The 23Q4 Y/Y blended earnings growth estimate is 6.4%. If the energy sector is excluded, the growth rate for the index is 10.1%.

Initial claims rose by 9,000 to a three month high of 224,000 last week. The four week moving average also rose 5,350 to 207,750.

Altria Group Inc. reported a stable adjusted EPS of $1.18 in the face of market challenges.

The number of Americans filing for jobless claims for the first time in the last week was 224k (12k above expectations and 9k above the prior week). That is the highest since November.

Time will tell, but my experience indicates the “first move” after a Fed meeting is often the “wrong move” – and so far it’s down. We’ll see how it plays out in the coming days.

FTAI Aviation Ltd. owns and acquires infrastructure and related equipment for the transportation of goods and people worldwide.

Global markets were mixed in January following a strong finish in 2023 that lifted nearly all corners.

Solana bulls are struggling to keep the prices elevated, with the token briefly touching below the psychologically important $90 level on Thursday.

Potential top in place in wave 5 as we reached $280.

After a two-day drop, the Nasdaq has now arrived, and bounced, from the first key support area around 17220/30.

The euro and Australian dollar have been sold through January's lows. The yen is the best performer among the G10 currencies despite the firmer yields.

A detailed examination of the EURGBP pair reveals its current position within a downward trend, along with key target and resistance levels ahead.

The S&P 500 index is expected to open 0.3% higher, retracing some of yesterday’s sell-off.

No change from the Bank of England this Thursday but Sterling and UK market interest rates nudged higher after two members of the Monetary Policy Committee continued to vote for a 25bp rate hike.

Following the Fed’s decision to maintain interest rates, the US dollar reached a near seven-week high.