- Black Actors Sign Letter Decrying “Twisted Ugly Abuse” Of Francesca Amewudah-Rivers After She Was Cast In ‘Romeo & Juliet’ With Tom Holland Deadline
- ‘Too much to bear’: Black actors condemn racial abuse of Romeo & Juliet star The Guardian
- ‘Romeo & Juliet’ play starring Tom Holland, Francesca Amewudah-Rivers faces ‘racial abuse’ ABC News
- ‘Romeo & Juliet’ producers condemn racist backlash aimed at Tom Holland’s costar Entertainment Weekly News
- Tom Holland urged to speak out on racial abuse against Romeo and Juliet co-star The Independent
Tag Archives: ugly
Sylvester Stallone accused of mocking ‘ugly’ actors on ‘Tulsa King’ set: ‘Tub of lard’ and ‘fat guy with cane’ – New York Post
- Sylvester Stallone accused of mocking ‘ugly’ actors on ‘Tulsa King’ set: ‘Tub of lard’ and ‘fat guy with cane’ New York Post
- Sylvester Stallone Accused of Insulting Extras on ‘Tulsa King,’ Director Denies It TMZ
- Sylvester Stallone accused of disparaging ‘Tulsa King’ background actors Entertainment Weekly News
- Casting agency quits Sylvester Stallone’s ‘Tulsa King,’ claiming star insulted extras PhillyVoice.com
- Sylvester Stallone Allegedly Mocked “Ugly” Actors on ‘Tulsa King’ Set; Director Denies Claims Hollywood Reporter
Sylvester Stallone Allegedly Mocked “Ugly” Actors on ‘Tulsa King’ Set; Director Denies Claims – Hollywood Reporter
- Sylvester Stallone Allegedly Mocked “Ugly” Actors on ‘Tulsa King’ Set; Director Denies Claims Hollywood Reporter
- ‘Tulsa King’ Casting Agency Quits After Sylvester Stallone Accused Of Disparaging Background Actors Deadline
- Sylvester Stallone Accused of Creating ‘Toxic Environment’ on Atlanta Set of ‘Tulsa King’ Variety
- Sylvester Stallone Accused of Insulting Extras on ‘Tulsa King,’ Director Denies It TMZ
- Sylvester Stallone Accused of Insulting ‘Tulsa King’ Background Actors Us Weekly
4 Realistic Outcomes for Ugly James Harden-Philadelphia 76ers Saga – Bleacher Report
- 4 Realistic Outcomes for Ugly James Harden-Philadelphia 76ers Saga Bleacher Report
- “Going to Be Hard to Discipline James Harden!”: Stephen Curry’s Teammate Backs the Beard’s ‘$389,000 per Game Statement’ Against Daryl Morey – The SportsRush The Sportsrush
- Golden State Warriors: Harden outburst reiterates Curry’s greatness Blue Man Hoop
- Joel Embiid removes 76ers affiliation from his social media accounts | Get Up NBA on ESPN
- Harden calls Morey a liar as Sixers-Clippers trade talks stall Liberty Ballers
- View Full Coverage on Google News
Princess Diana Letters Detailing ‘Desperate’ And ‘Ugly’ Divorce Headed To Auction – HuffPost
- Princess Diana Letters Detailing ‘Desperate’ And ‘Ugly’ Divorce Headed To Auction HuffPost
- Princess Diana’s secret letters during ‘ugly’ Prince Charles divorce could fetch $110,000 on auction block Fox Business
- “Highly Personal” Letters Written By Princess Diana During Her Divorce from King Charles to Be Auctioned Vanity Fair
- Never-before-seen letters reveal royal divorce bombshell | Today Show Australia TODAY
- Princess Diana’s Personal Letters From the Last Two Years of Her Life to Be Auctioned for Charity Town & Country
- View Full Coverage on Google News
Olivia Wilde and Jason Sudeikis are BACK on good terms after ugly custody battle as they hug it out
Olivia Wilde and her ex-fiancé Jason Sudeikis appeared on good terms when they were spotted together in Los Angeles this week, over two years after they ended their seven-year engagement in 2020.
Sudeikis, 47, and Wilde, 38, emerged from a meeting together and were seen chatting on the sidewalk, before gathering each other into an embrace and going their separate ways.
The pair have waged an ugly custody battle over their children Otis, eight, and Daisy, six, overlapping with Wilde’s relationship with Harry Styles, whom she directed in last year’s film Don’t Worry Darling.
Affection: Olivia Wilde and her ex-fiancé Jason Sudeikis appeared on good terms when they were spotted together in Los Angeles this week, over two years after they ended their seven-year engagement in 2020
History: The pair have waged an ugly custody battle over their children Otis, eight, and Daisy, six, overlapping with Wilde’s relationship with Harry Styles, whom she directed in the recent film Don’t Worry Darling
Styles, whose involvement with Don’t Worry Darling was at the center of dramatic rumors in the run-up to the film’s release, split from Wilde in November after a romance that spanned nearly two years.
Wilde and Sudeikis were glimpsed the following month having what appeared to be a tense conversation after they left a two-hour meeting together in Hollywood.
However they appeared more at ease with one another during their sighting this week, chatting with one another and indulging in an affectionate hug.
They expressed goodwill as they walked away from one another, with Sudeikis throwing a peace sign into the air and Wilde smiling cheerfully while strolling across the parking lot.
Backdrop: Styles, whose involvement with Don’t Worry Darling was at the center of dramatic rumors in the run-up to the film’s release, split from Wilde in November after a romance that spanned nearly two years
Changing times: Wilde and Sudeikis were glimpsed the following month having what appeared to be a tense conversation after they left a two-hour meeting together in Hollywood – a far cry from their latest sighting there (pictured)
However: They appeared more at ease with one another during their sighting this week, chatting with one another and indulging in an affectionate hug
Off they go: They expressed goodwill as they walked away from one another, with Sudeikis throwing a peace sign into the air and Wilde smiling cheerfully while strolling across the parking lot
The drama between them during their legal battle has seeped out into public view multiple times, including when she was infamously served with custody papers while onstage at CinemaCon last April.
Wilde called the incident ‘an attack on her workplace’, but said she was not surprised at it happening because there was a ‘reason’ she left her relationship with Sudeikis.
In court documents obtained by DailyMail.com, she argued that the decision to serve her onstage in front of an audience was a bid to ‘threaten’ and ’embarrass’ her.
Sudeikis filed suit against his ex in New York City Family Court in October 2021, and the dispute has largely revolved around where the children would live.
Remember when: The drama between them during their legal battle has seeped out into public view multiple times, including when she was infamously served with custody papers while onstage at CinemaCon last April
History: Wilde called the incident ‘an attack on her workplace’, but said she was not surprised at it happening because there was a ‘reason’ she left her relationship with Sudeikis
While he wanted them to live in Brooklyn, Wilde was hoping to have them stay in Los Angeles and possibly relocate to London, where her then-boyfriend Harry Styles was living.
In a legal filing signed August 5 last year, a judge ruled ‘New York was not the home state of the subject children’ and that rather ‘California was the children’s home state.’
‘Therefore, for the reasons stated on the record on July 15, 2022, respondent’s motion to dismiss the custody petitions filed on October 21, 2021 is granted,’ the filing, which was reviewed by Page Six, stated.
The court determined that ‘New York does not have jurisdiction to hear the custody petitions’ because it is not Otis and Daisy’s home state.
Looking back: Sudeikis filed suit against his ex in New York City Family Court in October 2021, and the dispute has largely revolved around where the children would live
Hashing it out: While he wanted them to live in Brooklyn, Wilde was hoping to have them stay in Los Angeles and possibly relocate to London, where her then-boyfriend Harry Styles was living
Wilde filed a petition to ‘determine parental relationship in Superior Court of California, in LA’ in May, the filing noted. Her legal team moved to legally dismiss Sudekis’ custody case on May 18.
Experts alleged at the time that the custody battle was likely to proceed in California.
In Wilde’s motion to dismiss Sudeikis’ suit, the actress claimed she and he had initially agreed to send their kids back to school in Los Angeles for the upcoming school year because Sudeikis was due to wrap up the final season of Apple TV series Ted Lasso, which had required him to be in London.
‘Recently, however, Jason decided that he wanted to go to New York for the next year while he is not working, and wanted the children to be with him there during this time off,’ the actress said in the filing. ‘When I did not agree, since the children have not lived in New York for several years, Jason filed these papers.’
Jurisdiction: In a legal filing signed August 5 last year, a judge ruled ‘New York was not the home state of the subject children’ and that rather ‘California was the children’s home state’
Looking ahead: Experts alleged at the time that the custody battle was likely to proceed in California
Wilde, who began dating Styles in January 2021, argued that the children have spent most of the last four years in Los Angeles or London, attending schools in both cities.
Wilde was famously served the court documents on April 26 in the middle of a presentation for 4,100 film industry executives about her thriller Don’t Worry Darling when she was awkwardly handed a manila envelope by a court process server.
The bizarre moment sparked furious speculation among attendees and reporters at the annual gathering of cinema owners and Hollywood studios about the envelope’s contents.
Sudeikis has maintained that he did not know Wilde would be served the papers in such a public and humiliating way.
At Coyote Ugly in NYC women leave bras, then want them back
The morning after, they would call to get something back on their chests.
Tens of thousands of women have drunkenly taken off their bras to add to the collection decorating the famously raunchy East Village gin joint Coyote Ugly Saloon.
Some, however, withdraw their support and phone the next day asking to retrieve the tossed lingerie.
“It was almost like the Call of Shame: ‘I left my $90 Victoria’s Secret bra. It’s, you know, a 34C. Could I get it?’” explained bar owner Liliana ‘Lil’ Lovell, who celebrated the honky-tonk’s 30th anniversary on Jan. 27.
“So they’d come back to pick up their bra, get drunk again, and leave the bra they had on.”
When the original saloon on First Avenue between Ninth and 10th Streets was renovated in 2014, the brassieres were placed in a bag and then misplaced by the bar’s porter.
“He actually went to bring them to the cleaners or something like that,” Lovell, 55, explained. “And all the sudden, we go to reopen, I’m like, ‘Where are all the bras?’ So we had to start from scratch.”
Now, they hang on the back wall of the honky-tonk, which moved to East 14th Street in 2021.
The brunette beauty first opened Coyote Ugly with her then-business partner and now ex-husband, Tony Piccirillo, in 1993.
She decided to staff it with all women — who don cowboy boots and dance on the bar.
“Women just made more money … it’s as simple as that,” she said. “I’d like to pretend it was some feminist agenda, but that’s just not true.”
Back then they needed to serve food in order to have a liquor license.
“We put a microwave behind the bar and … a can of like chili,” she recalled. “We just did it in case [an inspector] came in.”
The place is such a hot spot, there used to be actual fire coming from Lovell’s mouth.
“I was a good fire breather … you drank [151-proof Bacardi Rum] and you spit out into a flame and that would blow fire,” said Lovell.
In 1997, former Coyote Elizabeth Gilbert, who went on to pen the memoir-turned-blockbuster “Eat, Pray, Love,” wrote a GQ essay filled with stories from behind its bar. It inspired the 2000 cult Hollywood classic “Coyote Ugly.”
The film — in which Maria Bello portrayed Lovell — grossed over $113 million and sparked worldwide interest in the bar. The saloon keeper now runs 27 locations around the globe, and the brand has generated over $1 billion in revenue.
“I opened in Kyrgyzstan,” she said. “I didn’t even know where Kyrgyzstan was.”
After more than three decades in the bar business, she has made some interesting observations.
In New York City, bartenders never call in sick “because their rents are $2,000 a month,” she said. But her New Orleans barkeeps can be creative.
“They’d call in sick: ‘Lil, I can’t come in today. I had rough sex with my boyfriend and one of my fake boobs popped,’” she said. “I had one girl … say, ‘My boyfriend locked me out of the apartment and I’m naked and he chopped off my fingers.’”
The Westchester native and NYU grad started pouring drinks in her early 20s, when she worked for a brokerage firm by day and bartended at the Village Idiot by night.
“I made $250 a week on Wall Street,” said Lovell, who now lives in San Diego. “But, you know, as a New York City bartender, I could walk home with $1,000 on a night.”
She says the movie wasn’t exactly accurate.
“There’s one part … where she buys the whole bar a round. I would f–king cut my finger off before I did that.”
Weather for Jaguars at Jets expected to get ugly for Thursday night showdown at MetLife Stadium
Weather hasn’t had much of an impact on the NFL this year, but that could definitely be changing in Week 16 with multiple games expected to be played in bad weather.
The run of bad-weather games will start on Thursday night at MetLife Stadium when the Jets host the Jaguars in what’s expected to be a torrential downpour. If you’re thinking about betting the OVER on any kicking or passing props, you might start to re-think those bets after you see the forecast for the game.
It’s expected to be windy, rainy and cold in East Rutherford on Thursday night, which isn’t an ideal combination for anyone hoping to see Jaguars-Jets turn into an offensive shootout.
So what’s the weather going to be like? Glad you asked.
- Temperature. When the game kicks off at 8:15 p.m. ET, the temperature is expected to be 46 degrees, but that’s slightly misleading, because it’s actually going to feel much colder. According to Accuweather, the “RealFeel” for the game is going to be 35 degrees. Over the course of the night, the “RealFeel” is expected to fluctuate between 34 and 38 degrees.
- Rain. Cold weather isn’t that bad by itself, but when you toss in some rain, it gets much worse and there’s expected to be a lot of rain on Thursday night. The forecast is calling for a 100% chance of rain between 8 and 11 p.m. ET, which means it is DEFINITELY going to be raining during the game. This isn’t just any rain either, it’s expected to be a torrential downpour with up to .6 inches of rain falling throughout the game.
- Winds. The only thing worse than cold weather mixed with rain is cold weather mixed with rain AND high winds, and that’s what will be happening at MetLife Stadium. There’s so much wind expected Thursday night that the National Weather Service has actually issued a wind advisory. Winds are expected to be blowing at 20 to 25 mph for the game, but once the wind advisory kicks in at 10 p.m. ET, there could be gusts that get up to 30 or even 50 mph.
Basically, this is the perfect recipe for a low-scoring defensive struggle. The Jaguars and Jets will be kicking off Thursday night at 8:15 p.m. ET on Amazon Prime.
This isn’t the only game that’s expected to have bad weather this week. Right now, there are seven games scheduled to be played in freezing temperatures, which would tie the most in a single day since 2000. For a look at all the wild weather that Week 16 could bring us, be sure to click here.
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Lionel Scaloni hails his Argentina side’s ‘beautiful’ victory in ‘ugly game’ | World Cup 2022
Lionel Scaloni hailed his Argentina side’s “beautiful” penalty shootout victory over the Netherlands but admitted his side had been dragged into an “ugly game” by a Dutch team that surprised him with their aggressiveness.
The coach’s comments came after an enthralling but extraordinarily bad-tempered game which featured one red card and 16 yellows – two of which came during a penalty shootout in which the Dutch player Denzel Dumfries was sent off for taunting opponents. After Argentina had triumphed 4-3 on penalties, following a 2-2 draw, their players then goaded the Dutch while Lionel Messi also exchanged words with Louis van Gaal and his assistant Edgar Davids.
“The game was heated,” said Scaloni. “But this was a quarter-final. And what happens on the pitch stays on the pitch. Of course we had 11 men. Leo [Messi] was a very important player and he showed that he is the best of all times and we are happy that he is on our side.”
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Qatar: beyond the football
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This is a World Cup like no other. For the last 12 years the Guardian has been reporting on the issues surrounding Qatar 2022, from corruption and human rights abuses to the treatment of migrant workers and discriminatory laws. The best of our journalism is gathered on our dedicated Qatar: Beyond the Football home page for those who want to go deeper into the issues beyond the pitch.
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Photograph: Caspar Benson
Argentina’s Leandro Paredes was also lucky to receive just a yellow card for not only a bad foul on Nathan Aké but for then smashing the ball at the Dutch bench, which sparked a shoving match between both sides.
But Scaloni suggested it was the Netherlands that had been the instigators. Asked whether they had played in a way that was anti-football, he replied: “They played in a way I didn’t expect from them. But each team, each coach, decides how to play. I won’t speak about their football philosophy but in truth in the second half it was an ugly game.
“We had no chances and it was frequently interrupted but they are allowed to play how they wish.”
Messi was the player of the match, creating the first, scoring Argentina’s second from the spot and then – for good measure – giving them the lead in the penalty shootout. But he admitted that his team had suffered after squandering a 2-0 lead with the Dutch striker Wout Weghorst scoring twice in the final seven minutes to force extra time.
“We suffered too much,” he said. “It was a very tough game. We lived it on the pitch for the people. And Diego Maradona is seeing us from heaven, he is pushing us to the very end.”
However Messi, who was also booked for arguing with the Spanish referee, Antonio Mateu Lahoz, was critical of how the game was officiated. “I felt a lot of anger,” he said. “I don’t want to talk about the referee because later they sanction you, you can’t say what you think because they sanction you. Fifa has to review that.”
Argentina are now the favourites to lift their third World Cup but Messi is refusing to get carried away.
“Croatia is a very difficult opponent,” he added. “They have great players, they know themselves very well. They have the same coach since the last World Cup and it’s a World Cup semi-final, it’s going to be tough.”
Market Rally Awaits CPI Inflation Report, Federal Reserve After Ugly Week; Here’s What To Do
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures, with attention squarely on the CPI inflation report and the Federal Reserve.
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The stock market rally retreated last week with the major indexes continuing their trend of popping to new highs but then fading back. It’s a challenging environment for buying stocks.
This coming week investors get a one-two shot of big economic news. On Tuesday, the Labor Department will release its November CPI inflation report. On Wednesday afternoon, the Federal Reserve will hike rates yet again with Fed chief Jerome Powell offering signals about further tightening in early 2023.
That could be a catalyst for big market gains or losses, or choppy sideways actions could continue. Investors should likely wait for the inflation report and Fed news before adding exposure.
Breakout failures or fizzles are widespread, with DXCM stock tumbling back Friday after briefly clearing a buy point Thursday on FDA approval.
But here are five stocks to watch: Dow Jones giants Caterpillar (CAT) and Goldman Sachs (GS), Sanmina (SANM), McKesson (MCK) and MercadoLibre (MELI). To be clear, none of these stocks are actionable, with MELI stock in particular needing some work.
Microsoft (MSFT) is faring relatively well for the megacaps, with Apple (AAPL) below its 50-day line and Tesla (TSLA) trying to avoid setting new bear market lows. But MSFT stock remains well below its 200-day line and hasn’t made much progress over the past month.
The video embedded in the article reviewed the market action in depth and analyzed Dexcom (DXCM), MercadoLibre and CAT stock.
Fed May Ditch Its 2% Inflation Target — Or Economy, S&P 500 Face Hard Landing
CPI Inflation And Fed Meeting
Early Tuesday, the Labor Department will release the November consumer price index. Overall and core CPI inflation rates should cool over the next several months, if only because comparisons are getting tougher. But services prices have been stubbornly strong.
The Federal Reserve wants to see more-substantial declines on services inflation, as well as wage gains, before halting rate hikes. At 2 p.m. ET, the Fed is expected to raise its fed funds rate by 50 basis points, to 4.25%-4.5%, ending a string of four 75-basis-point hikes. Investors will want some clues about the February meeting, and how high the fed funds rate may ultimate reach. Markets are currently pricing in another half-point Fed rate hike in February, though there’s a decent chance of a quarter-point move.
Fed chief Powell’s comments at 2:30 p.m. ET, along with the CPI inflation report, may set the tone on Fed policy heading into 2023.
Powell and several policymakers have signaled that a recession may be necessary to bring inflation under control.
Dow Jones Futures Today
Dow Jones futures open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures.
Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live
Stock Market Rally
The stock market rally saw significant retreats for key indexes in the latest week.
The Dow Jones Industrial Average sank 2.8% in last week’s stock market trading. The S&P 500 index lost 3.4%. The Nasdaq composite tumbled 4%. The small-cap Russell 2000 plunged 5%.
The 10-year Treasury yield rose 6 basis points to 3.57%, rebounding from 3.4% midweek.
U.S. crude oil futures plunged 11% to $71.02 a barrel last week, with gasoline futures tumbling 9.8%. Both hit 2022 lows. Natural gas prices dipped 0.6%.
ETFs
Among key growth ETFs, the iShares Expanded Tech-Software Sector ETF (IGV) slumped 4.6%, with Microsoft stock a major holding. The VanEck Vectors Semiconductor ETF (SMH) retreated 1.7%.
Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) tumbled 9.2% last week and ARK Genomics ETF (ARKG) 8.1%. TSLA stock is a massive holding across Ark Invest’s ETFs.
SPDR S&P Metals & Mining ETF (XME) gave up 6.4% last week. The Global X U.S. Infrastructure Development ETF (PAVE) fell back 2.85%. U.S. Global Jets ETF (JETS) descended 3.3%. SPDR S&P Homebuilders ETF (XHB) fell 2%. The Energy Select SPDR ETF (XLE) dived 8.45%, decisively breaking its 50-day line. The Financial Select SPDR ETF (XLF) retreated 3.9%. The Health Care Select Sector SPDR Fund (XLV) dropped 1.3% after climbing in eight of the prior nine weeks.
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Apple stock fell 3.8% in the past week, tumbling below that key level Tuesday and hitting resistance there on Friday. Bad news on iPhone production might be priced in, and AAPL stock is rebounding.
Fellow Dow tech titan Microsoft stock also sank 3.8%, but held support at the 21-day line, modestly above a just-rising 50-day. But it’s well below the 200-day line. MSFT stock is essentially flat vs. a month ago, much like the S&P 500 and Nasdaq.
Tesla stock tumbled 8.1% in the latest week, even with Friday’s 3.2% pop. TSLA stock is jumping above recent bear market lows. Tesla announced new China incentives this past week with widespread media reports that the Shanghai plant will cut production significantly over the next few weeks, even halting Model Y output.
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Stocks To Watch
Caterpillar stock fell 3.7% to 227.29 last week, undercutting the 21-day line. The retreat could end up being a constructive shakeout. CAT stock has a buy point at 238 or 239.95 from a long cup base. In another week, the Dow heavy equipment giant could have a flat base with that 239.95 buy point. A slightly longer pause would let the fast-rising 50-day line narrow the gap with CAT stock.
Goldman stock slumped 5.6% in the latest week to 359.14, round-tripping a breakout from a cup base with a 358.72 buy point, before rising slightly above it. A solid bounce from here could offer a new entry, especially if the 50-day or 10-week line catch up. On a weekly chart GS stock has a 13-month cup-with-handle base, with a 389.68 buy point, according to MarketSmith analysis. The past week has now created more depth on that handle, which also could become a flat base in a week.
Sanmina stock slumped 7.3% to 62.48 this past week. SANM stock had been consolidating tightly in the profit-taking zone after an October breakout from a cup base. Shares could be starting a pullback to the 50-day/10-week line, offering a buying opportunity, though the weekly drop was abrupt. SANM stock also is working on a possible flat base.
McKesson stock fell 4% to 371.37 last week, dropping Friday to just below the 50-day and 10-week lines. MCK stock is working on a new consolidation after a sharp sell-off on Nov. 10-11 that slammed many defensive medical stocks. A move above the Dec. 2 high of 389.45 could offer an early entry, still close to moving averages.
MELI stock sank 5.1% to 896.48, its fourth straight weekly decline. The Latin American e-commerce and payments giant has a 1,095.44 buy point, with a trendline entry around 1,025. An aggressive entry could be a decisive retaking of MELI stock’s moving averages, with the Dec. 2 high of 957 as that trigger. While MercadoLibre stock has been trending lower, the weekly losses come on lighter volume with some relatively strong positive closes.
Market Rally Analysis
A week ago, the stock market rally was hitting new highs, with the S&P 500 above its 200-day line for the first time in months. But as investors re-evaluated the jobs report and Fed chief Powell’s comments, the major indexes retreated.
The S&P 500 fell below its 200-day line, while the Nasdaq tested its 50-day. Both hit resistance at the 21-day line late in the week. The Russell 2000 tumbled below its 200-day and 21-day lines and came right down to its 50-day, just undercutting its 10-week line.
The rally-leading Dow is holding support around its 21-day.
The S&P 500 is basically where it was after Nov. 10, when a tame October CPI inflation report buoyed stocks. The Nasdaq and Russell 2000 are back to those early November levels, but also late October peaks.
If you had to design a scenario to lure investors in to get roughed up repeatedly, this current uptrend might be the blueprint: A market rally of a few big one-day gains followed by pullbacks over several sessions.
It’s still a confirmed market rally. However, further losses, such as the Nasdaq or especially the S&P 500 clearly breaking their 50-day lines, would be worrisome.
Tuesday’s November CPI inflation report and Wednesday’s Fed meeting announcement and Powell’s comments could provide a catalyst for a sustained market rally, or a decisive sell-off. But they also could spur yet another big market pop that seems decisive, only to be followed by yet another pullback or bounce.
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What To Do Now
Investors should be wary of adding exposure until the CPI inflation report and Fed meeting are in the rearview mirror. Even if markets jump on the inflation data and Fed chief Powell’s comments, investors should be selective about new buys, in case the major indexes simply fall back over the next several sessions.
At some point a sustained, steady market rally will take hold. When that happens, buying opportunities will be plentiful.
So get your stock market holiday shopping list ready. A large number of stocks from a variety of sectors are setting up or close to doing so.
Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.
Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.
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