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While the mainstream headlines are saying that the "Global Rally" is just taking a breather on Wednesday, investors need to know about a number of other critical stories that might have slipped under the radar. No matter what happens on Thursday, Friday, or after the 2016 presidential election, there are always opportunities to make money in any market. And we're going to highlight a few key ways to profit from today's headlines.
Before we get to those stories, check out the results for the Dow Jones Industrial Average, S&P 500, and Nasdaq:
Dow Jones: 18,372.12; +24.45; +0.13%
S&P 500: 2,152.43; +0.29; +0.01%
Nasdaq: 5,005.73; -17.09; -0.34%
Now, here's the top stock market news today - and your best ways to profit...
The Dow Jones Industrial Average today added another 24 points as investors continue to anticipate more action by central banks to help bolster global growth. Markets are back on their sugar high after the Bank of Japan ordered another round of stimulus in order to boost growth, and traders anticipate the Bank of England will cut interest rates for the first time in almost eight years during its meeting tomorrow.
Meanwhile, the U.S. economy showed little signs of inflation in June despite news the U.S. economy continued to expand through the first six months of the year. Last night, Minneapolis Federal Reserve Bank President Neel Kashkari warned the central bank is falling short on its target goals for domestic employment and inflation. He said investors can expect increased patience from the Fed on interest rate policy.
As of Wednesday afternoon, the markets see a limited chance of a rate hike in 2016. According to CME FedWatch, the probability the Fed will increase rates in December currently sits at a little less than 33%.
The mainstream media won't admit it, but central banking lies are propping the markets up right now. And as Money Morning Capital Wave Strategist Shah Gilani explains, it could get very ugly, very fast for traders.
Oil prices were falling today after the International Energy Agency (IEA) said it anticipates an increased supply glut in the coming months. Meanwhile, the U.S. Energy Information Administration (EIA) reported a much smaller drawdown in domestic crude levels last week than economists had expected. WTI crude oil prices were off 4.4% to close at $44.75, while Brent crude oil prices slumped 4.1% to settle at $46.26.
As Money Morning Global Energy Strategist Dr. Kent Moors explains, the mainstream financial media was harping about this "oil glut," while short sellers worked to push oil prices down. The problem is no one in the mainstream press seems to have the faintest clue about this oil glut. Moors is sticking to his bullish oil forecast, and it can help you earn a tidy profit thanks to the market's overreaction to news out of Canada and Nigeria. Click here to see Moors' forecast that you won't find on CNBC or anywhere else.
But the big news today is the damning report from Congress indicating Chinese hackers broke into computers at the Federal Deposit Insurance Corporation between 2010 and 2013. What's worse, agency officials attempted to cover up the breach, according to a new report from the House of Representatives. The report raises serious concerns about U.S. cybersecurity and reveals the hackers were able to break directly into 10 servers and 12 computers at the agency. This included very sensitive information shared by FDIC chairman Martin J. Gruenberg, his chief of staff, and the agency's general counsel.
Now, let's look at the day's biggest stock movers and the best investments in times of global uncertainty.
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About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.
