What a Post-Fed Rally Could Look Like

U.S. stock futures are trading just below fair value

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Opening View
 
 

10/29/2019

Our #1 Micro-Cap Stock to Own Today


On September 10, 2018, a tiny Cambridge biotech firm won a patent on a new kind of treatment that can "Cut & Paste" any disease from your body.

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S&P Set to Pull Back From Record High

By Josh Selway

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With earnings dominating the headlines again, Dow Jones Industrial Average (DJI) futures are trading below fair value this morning. Futures on the S&P 500 Index (SPX) are also pointing to a lower open for stocks, as the broad-market index looks set to cool after yesterday's record high. Alphabet's (GOOGL) poorly received earnings update is one reason for the risk-off approach this morning, while traders also digest quarterly reports from Dow components Merck (MRK) and Pfizer (PFE).

Continue reading for more on today's market, including: 

>> Continue reading...
LATEST HEADLINES

>> Starbucks Gets Upbeat Analyst Attention Before Earnings
SBUX's recent pullback has found support
>> $24B Biotech Behemoth Wins Drug Rights in Shocking Bid
Click to continue to advertiser's site.
>> Downtrending TVIX Keeps Drawing Inflows
Traders are dumping capital into the 2x VIX futures tracker as fast as TVIX can burn it up
>> S&P Hits New High on Sunny Earnings Reports, China Optimism
The Fed is expected to cut rates again at this week's meeting
>> Omeros Shorts Squeezed as Stock Pops
OMER is trading above a key trendline today
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