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Energy leadership and technology weakness is usually a bearish sign. So is weakness in economically-sensitive consumer cyclicals. All of this suggests that stocks remain in a bear market.The fact that stocks show no signs of a major bottom also argues for a weaker economy and a likely recession.

The U.S. election on November 8 is likely the most newsworthy event this week.The consensus expectation is that a divided government between the White House and Congress will lead to more political gridlock and a potential slowdown of Biden’s Leftist agenda.The stock market has outperformed with a dividend government over the returns generated in the years following the same party controlling the Senate, the House and the Presidency. However, a scenario that could rattle the market would be any lack of clarity with regard to Senate control if results are contested.

It has been a very challenging year for US stocks and elsewhere around the world. However, a bright spot exists: Latin America is an upside outlier. Yes – Latin America. And this comes after a collapse of more than 70% between early 2008 and the trough at the start of the pandemic. The rally is being driven largely by commodities. ILF – iShares Larin America 40 ETF is up nearly 9% year-to-date. Now, fourteen years after the all-time record was set for the MSCI regional benchmark, the market is finally starting to show signs of life again.

The first busy week of the earnings season will feature reports across multiple sectors with Bank of America (BAC), Johnson & Johnson (JNJ), Netflix (NFLX) and Procter & Gamble (PG) all due. The economic calendar will include updates on industrial production and the Empire manufacturing index. On the global stage, the Communist Party Congress begins in Beijing with President Xi Jinping expected to secure a historic third term.

The Q3 earnings season includes big names like Citigroup (C), Delta Air Lines (DAL), Domino’s Pizza (DPZ), JPMorgan Chase (JPM), Morgan Stanley (NYSE:MS), PepsiCo (NASDAQ:PEP), UnitedHealth (UNH) and Walgreens Boots Alliance (WBA) all set to report.

Investors are in for another week of hurt. Major averages having fallen in five of the last six weeks with the Fed maintaining a hawkish position on rates and recession fears cropping up again.

CEF Connect is the go-to place for investors looking to research closed-end funds. However, many find the site difficult to navigate. In this article, we share tips to help investors in this space. 

The market looks set for a lower open on Monday, with stock index futures down another 1% as investors display more nervousness about the Fed decision later in the week. The central bank is expected to raise interest rates by another three-quarters of a point, though there are calls for a 100 bps move, after the August CPI figure showed that inflation has not peaked yet. All of the major averages are coming off their worst week since June, as well as their fourth weekly loss in five weeks, while the benchmark S&P 500 (SP500) just broke below a key support level watched by many traders.

Another Week of Declines Stock index futures point to another decline this morning. This is hot on the heels of a tough past four sessions, with the market set to … Read more