Dow Jones Industrial Average News, 7/27/2016: We have a full day of earnings reports and speculation on economic stimulus on tap for today.
Global markets are rallying again this morning as central banks continue to pump money into the economy in a desperate attempt to re-inflate domestic growth.
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European and Asian markets were rallying after Japanese Prime Minister Shinzo Abe announced plans to issue a $265 billion stimulus package. Simply put, the wheels are completely off in Japan and the sugar addiction is running strong.
The nation is now even considering a bold plan to issue 50-year bonds for the first time ever. That would be the longest maturity timeline from the Japanese government debt in the post-war era.
Let's be honest: This is Helicopter Money. In fact, it looks like the Bank of Japan is actually funding the next stock market crash.
Investors need to keep an eye on this story and a number of other topics that are flying under the radar on this busy Wednesday.
Here is today's top stock market news, stocks to watch, ways to profit, and economic calendar for July 27, 2016.
Dow Jones futures projected a 49-point gain ahead of today's Fed announcement on interest rates. Investors believe there is very little chance that the Fed takes any action today on interest rates. CME Group projects just a 2% chance that the company will raise rates in July. However, CME projects a 40% probability that the Fed will increase rates in December. If the Fed actually does raise interest rates in 2016, this is the best stock to buy.
On the political front, Hillary Clinton has made history by receiving the nomination for president candidate of the Democratic Party. The Democratic National Convention featured a floor vote between delegates that featured Clinton topping Sen. Bernie Sanders (D-VT). Last night, former President Bill Clinton gave a long speech about his wife's lifetime of public service. The convention continues today, and President Barack Obama is the keynote speaker.
Gold prices ticked down 0.1% ahead of today's rate announcement. Money Morning experts recommend buying gold because we see gains as high as 278% for the precious metal by 2020.
Oil prices fell to three-month lows as concerns about oversupply continue to rattle investor sentiment. Markets are anticipating a report by the U.S. Energy Information Administration and expect that inventory levels are going to start turning upward. WTI crude oil prices fell 0.3%, while Brent crude oil prices dipped 0.8%.
Now here's your list of top stocks to watch in today's market, plus today's economic calendar:
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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.