@StickyRice:Investors Desperately Want to See the Market Bottom Out. It’s Not Happening Yet. Markets are getting restless, they want to get to the bottom. But as long as the data point to a resilient U.S. economy that won’t happen. Services sector activity unexpectedly picked up in November, data showed Monday. With Friday’s stronger-than-expected jobs report still on investors’ minds, it was enough to spark a selloff over fears the Federal Reserve will need to be more aggressive with rate hikes. Investors are waiting for the cumulative impact of the Fed’s hiking to hit the economy and therefore to signal a pivot on the horizon. The Fed’s expected rate hike slowdown next week doesn’t appear to be under threat—traders are still pricing in a 0.5 percentage point hike at December’s Fed meeting, with a 20
@StickyRice:iPhone 14 pre-order demand is 'robust,' tracking 'slightly ahead' of iPhone 13: WedbushApple's $Apple(AAPL)$ new iPhone 14 became available for pre-order on Friday and investment firm Wedbush Securities said the demand for the new smartphone looks "robust" and is tracking ahead of expectations.Analyst Dan Ives, who has an outperform rating and a $220 price target on Apple (AAPL), noted that the delivery times for many Pro models have now been pushed out to mid-October, with most pre-orders now seeing delivery times between three and four weeks out."So far demand and orders for iPhone 14 are tracking slightly ahead of iPhone 13 and are tracking ahead of our expectations out of the gates," Ives wrote in a note to clien