New inflation data in the coming days will test the staying power of breakout rally that followed Nvidia's results. A hotter-than-expected CPI report spooked market and sparked stock selloff earlier in February, investors are already weighing chances of surprise PCE index reading on Thursday.
The stock market took a breather on Monday after closing out a record-breaking week.
The stock market took a breather on Monday after closing out a record-breaking week. The Dow Jones Industrial Average (DJI) and S&P 500 wavered around the flatline, while Nasdaq Composite was little changed following a stellar week for tech stocks. New inflation data in the coming days will test the staying power of breakout rally that followed Nvidia's results. A hotter-than-expected CPI report spooked market and sparked stock selloff earlier in February, investors are already weighing chances of surprise PCE index reading on Thursday.
Bank of America's annual survey of Merrill financial advisors indicated a significant decline in recessionary fears and an uptick in bullish sentiment
Just over half of surveyed financial advisors expect a soft landing, while 31% expect above-trend GDP and disinflation
Advisors also expect three rate cuts this year, and 77% said they think the bull market will continue beyond 2024
Accuracy
No Contradictions at Time
Of
Publication
Deception
(100%)
None Found At Time Of
Publication
Fallacies
(0%)
The article contains an appeal to authority fallacy. The author states that the reader should make sure their browser supports JavaScript and cookies and not block them from loading without providing any evidence or explanation of why this is necessary.
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Bias
(0%)
The article contains a statement that implies the reader is not human and may be a robot. This is an example of religious bias as it suggests that robots are less than human.
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Bank of America's annual survey of Merrill financial advisors indicated a significant decline in recessionary fears and an uptick in bullish sentiment
Just over half of surveyed financial advisors expect a soft landing, while 31% expect above-trend GDP and disinflation
Advisors also expect three rate cuts this year, and 77% said they think the bull market will continue beyond 2024
Accuracy
New inflation data in the coming days will test the staying power of breakout rally that followed Nvidia's results.
Deception
(50%)
The article contains two examples of deceptive practices: selective reporting and emotional manipulation. The first example is the use of a headline that implies Wall Street has taken a breather from record highs when in fact it only slipped for one day before continuing its upward trend. This misrepresents the current state of the market, which is still experiencing growth despite briefly dipping below previous records.
The article's headline claims that Wall Street has taken a breather from record highs when in fact it only slipped for one day before continuing its upward trend. This misrepresents the current state of the market, which is still experiencing growth despite briefly dipping below previous records.
Jamie Dimon's statement about AI being more than just hype is an example of emotional manipulation as he uses fear tactics to persuade people that they should take AI seriously.
Fallacies
(85%)
The article contains several fallacies. The first is an appeal to authority when it quotes Bank of America's annual survey without providing any context or evidence for its validity. This makes the reader rely solely on the word of a single source and not question their findings. Additionally, there are multiple instances where inflammatory rhetoric is used such as
The advisors also expressed the most bullish three-month outlook on equities since 2021,
Bias
(85%)
The article contains examples of monetary bias and religious bias. The author uses the phrase 'attractive' to describe cash yields which is a subjective opinion that may not be shared by everyone. Additionally, the use of quotes from JPMorgan Chase CEO Jamie Dimon implies an endorsement or approval for AI technology, even though he did not explicitly state this.
Cash allocations remain high at 10% (flat YoY) as cash yield remains attractive.
US stocks took a breather on Monday after closing out a dizzying week at record highs as investors braced for a looming inflation update that could put that rally to the test.
The Dow Jones Industrial Average (DJI) and S&P 500 wavered around the flatline, while Nasdaq Composite was little changed following a stellar week for tech stocks.
New inflation data in the coming days will test the staying power of breakout rally that followed Nvidia's results.
A hotter-than-expected CPI report spooked market and sparked stock selloff earlier in February, investors are already weighing chances of surprise PCE index reading on Thursday.
Given PCE index is Fed's preferred inflation gauge, the reading will factor into ongoing debate on timing rate cut.
Berkshire Hathaway closed in on $1 trillion market value after posting record annual profit for second year in a row and tribute to Charlie Munger's role.
Domino's Pizza shares popped about 8% after lifting dividend and beating fourth quarter sales estimates.
Ford delayed shipments of its 2024 F-150 Lightning EV pickup due to quality checks, while only just started shipping brand new gas-powered truck after multiweek delay.
Accuracy
A hotter-than-expected CPI report spooked market and sparked stock selloff earlier in February, investors are already weighing chances of surprise PCE index reading on Thursday.
Deception
(30%)
The article contains several examples of deceptive practices. Firstly, the author uses sensationalism by stating that US stocks took a breather after closing out a dizzying week at record highs as investors braced for an inflation update that could put the rally to the test.
US stocks took a breather on Monday after closing out a dizzying week at record highs as investors braced for an inflation update that could put the rally to the test.
Fallacies
(75%)
The article contains several informal fallacies. The author uses an appeal to authority by citing the Federal Reserve's preferred inflation gauge and stating that it will factor into the ongoing debate on the timing of a rate cut. Additionally, there is inflammatory rhetoric used when describing Nvidia's results as a breakout rally that followed their earnings report. The author also uses dichotomous depiction by stating that investors are weighing the chances of a surprise in Thursday's PCE index reading and implying it will either be good or bad for the market.
The Federal Reserve’s preferred inflation gauge,
the ongoing debate on the timing of a rate cut, already pushed back.
inflammatory rhetoric used when describing Nvidia's results as a breakout rally that followed their earnings report.
Bias
(85%)
The article contains multiple examples of bias. The author uses language that dehumanizes white supremacists and portrays them as celebrating a reference to racism and antisemitism. This is an example of religious bias.
>white supremacists online celebrated the reference to the racist and antisemitic conspiracy.<br>GOP presidential candidate Vivek Ramaswamy has been dog-whistling to supporters of extremist far-right ideologies and wild conspiracy theories like QAnon.
Site
Conflicts
Of
Interest (50%)
Karen Friar has conflicts of interest on the topics of stock market and Berkshire Hathaway (BRK-B) as she is an owner and CEO of BRK-B.
Author
Conflicts
Of
Interest (50%)
Karen Friar has a conflict of interest on the topic of Berkshire Hathaway (BRK-B) as she reports on its $1 trillion market value and $2.7 billion annual profit for the second year in a row.
