🐤 Asian shares track Wall Street retreat; big banks tumble

EU to UK: stop playing 'games' with Brexit trade talks . 3 SPAC Stocks for Investors to Watch. World shares mixed as Asia tracks Wall St, Europe rebounds.

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Tuesday, September 22nd

Good Morning The equity market correction accelerated on Monday with the major indices shedding more than 2.0% on an intraday basis. The total losses for the S&P 500 reached 10% at the low of the day but there is good news. The daily low coincided with an important support target and, so far at least, buyers are confirming that support. On a technical basis, the broad-market S&P 500 bounced from the low of the day forming a hammer doji at key support target. The market may linger at these levels but it looks like the bulk of the selling is over for now. The next hurdle will be the 3rd quarter earnings reporting cycle which gets underway this week. Reports from likes of Nike, Costco, Carmax, and FedEx will set the market tone for the next few weeks at least.

Politics EU to UK: stop playing 'games' with Brexit trade talks The European Union is pleading with Britain to stop playing "games" as time is running out to clinch a free trade deal over the next month. The sides committed to a new meeting to discuss Britain's plans to disregard part of the withdrawal agreement it had signed with the 27-nation EU... Read The Full Story >>

From Our Partners [URGENT] Special Warning to President Trump A "Second Wave" that involves the stock market... the election... as well as 5 popular tech "darlings" that could crash hard. But this doesn't only personally involve President Trump. Continue Reading

Stocks 3 SPAC Stocks for Investors to Watch Before 2020, SPACs, or Special Purpose Acquisition Companies, were considered to be high-risk investments due to a lack of financial history and a variety of challenges that the companies face to comply with the SEC after they start trading. However, we have seen a lot of renewed interest in SPACs... Read The Full Story >>

Politics World shares mixed as Asia tracks Wall St, Europe rebounds European shares bounced back Tuesday, while Asian benchmarks extended their slide. Germany's DAX rose 1.1% to 12,679.53 and the CAC 40 in Paris picked up 0.5% to 4,816.09. Britain's FTSE edged 0.1% higher to 5,807.31. U.S. futures were little changed, with the contract for the S&... Read The Full Story >>

From Our Partners [URGENT] Special Warning to President Trump If you've got money in the market right now, watch Jeff's recent interview. And, please, prepare yourself accordingly for this urgent situation... WATCH: Jeff's Warning Continue Reading

Politics Swedish central bank sees key interest rate at 0 for years Sweden's central bank on Tuesday kept its main interest rate at zero and said it expects it to remain "at this level in the coming years" due to the economic uncertainty created by the virus pandemic. Riksbanken said its policies and low interest rate had supported the Scandinavian co... Read The Full Story >>

Markets Time to Take Profits on Duluth Holdings (NASDAQ: DLTH) Shares of casual wear manufacturer Duluth Holdings (NASDAQ: DLTH) have rallied sharply with the S&P 500 index (NYSEARCA: SPY) as the stay-at-home lockdowns pumped up demand for casual, comfort and outdoor wear. Read The Full Story >>

From Our Partners This Company May Have Found the Next Amazon or Apple! Ground-floor access to the next big tech unicorns is not easy to find but there is one small-cap company making it possible. At under $1 a share, millions in revs this stock should be on your radar. Continue Reading

Politics The Latest: Madrid may extend virus measures despite outcry MADRID — The Spanish capital is poised to extend its restrictions on movement to more neighborhoods due to a surge in new cases in other districts, despite an outcry from residents over discrimination. Police on Monday deployed to 37 working-class neighborhoods that have seen 14-day t... Read The Full Story >>

Politics The Latest: British PM to announce new social restrictions LONDON — British Prime Minister Boris Johnson will announce new restrictions on social interaction Tuesday as the government tries to slow the spread of the coronavirus before it spirals out of control. Cabinet Office Minister Michael Gove told Sky News that pubs and restaurants acros... Read The Full Story >>

Markets Here's Where Fastly (NASDAQ: FSLY) Stock is a Buying Opportunity Edge cloud content delivery network Fastly, Inc. (NASDAQ: FSLY) shares sold off with the S&P 500 index (NYSEARCA: SPY) during the Q1 2020 pandemic plunge but managed to transcend its pre-COVID highs in May accelerating to all-time highs of $117.79 highs into Q2 earnings. The stay-at-home mandate... Read The Full Story >>

Markets Buy O'Reilly (NASDAQ: ORLY) to Take Advantage of Surging Used Car Market In August, used car prices recorded their highest monthly gain since March 1969, with prices jumping 5.4% from July. Those gains followed a strong July, when used car prices increased 3.4% over June levels. People are investing a lot of money into used cars, and automotive aftermarket parts supplie... Read The Full Story >>

The Early Bird Stock Of The Day Fiserv Inc Fiserv, Inc., together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services. This segment also offers card and pri... Learn more

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