A large batch of economic data will be released this week including CPI data on Tuesday, PPI and a Federal Reserve announcement on Wednesday, and release of retail sales on Thursday. Investors remain positive as the market has seen some recovery the past month, but is their excitement premature? Adam Turnquist, LPL Financial Chief Technical Strategist, joins Yahoo Finance to discuss why he believes the market is due for some near term pains amongst an overbought market, but will see a positive side in 2024. Turnquist advises investors to take a look back at history, going as far back as 1990. Similar market conditions as today have been "extremely rare," but when you analyze that period the market is "flat over the next 1 to 3 months." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 18, 2023. The following six companies will be added to the Index: CDW Corporation (Nasdaq: CDW), Coca-Cola Europacific Partners plc (Nasdaq: CCEP), DoorDash, Inc. (Nasdaq: DASH), MongoDB, Inc. (Nasdaq: MDB), Roper Technologies, Inc. (Nasdaq: ROP), and Splunk Inc. (Nas
November's strong jobs report appears to be complicating the economic soft landing narrative. John Hancock Investment Management Co-Chief Investment Strategist Matt Miskin says stock market volatility reflects a "never-ending late-cycle environment" where employment remains the "strongest pillar" of the economy. With the S&P 500 (^GSPC) up 20% and the NASDAQ (^IXIC) up 37% year-to-date, Miskin suggests investors should trim risks after November's big turkey rally. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.