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This signal means that the S&P 500 could hit 6,000 or even as high as 6,150 in the next 16 months.

Some Truth in Social subscribers are expressing regret over the plummeting stock price and are searching for the culprits behind the continued decline in the stock price this week.

(Bloomberg) -- Jerome Powell's hawkish comments helped push the Standard & Poor's 500 Index (S&P 500) down for the third straight time, causing two-year Treasury yields to briefly hit 5% and Asian stocks to open mixed. Bloomberg's Most Read U.S. Yields Surge as Powell's Hawkish Remarks Make 5% Possible: Market RoundupDubai Stalls as Clouds Sow Seeds to Exacerbate FloodingChina Tells Iran Carburetor Work Will Continue After Israel AttackIf Fed Rate Hikes Really Triggered a Boom in the U.S. Economy?

The Company's first quarter 2024 performance is not impressive.

Across the Pacific, the investment banking industry is not exactly booming.

Mixed quarterly results and narrower guidance did not satisfy investors.