Bret Kenwell
Investment Analyst,
eToro US
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About Bret
Bret Kenwell is the US Investment Analyst at eToro, the trading and investing platform empowering you to invest, learn, and share. He has spent his career focused on market research and analysis. Mr. Kenwell’s work has been featured on CNBC, Bloomberg, Yahoo! Finance, TheStreet, Nasdaq, among many other publications. Prior to joining eToro, he worked as a financial journalist at TheStreet covering a variety of beats including the auto sector, technology space, and most recently the technical setups for the U.S. indices and individual stocks.
Bret's Articles
Headline inflation came in below economists’ expectations on Friday, giving risk-on assets like stocks and crypto a boost. Investors gained confidence in not just an interest rate cut this week from the Federal Reserve, but in getting another cut in December, notes Bret Kenwell, US investment analyst at eToro.
Yesterday marked the start of earnings season, as big banks like JPMorgan Chase & Co. (JPM) and Wells Fargo & Co. (WFC) kicked things off. Last quarter was supposed to mark an earnings trough for the S&P 500 Index (^SPX), but instead, it churned out 8.7% growth, observes Bret Kenwell, US investment analyst at eToro.
Gold is on pace for its best one-year rally in almost fifty years, so it’s only natural to say that the rally could use a rest — and it could. But gold is a tricky asset at times. After flailing through the 1980s and 1990s, it went on a twelve-year win streak, gaining more than 500% in the process, observes Bret Kenwell, US investment analyst at eToro.
It’s a critical week for investors as they size up the US labor market, which includes yesterday’s JOLTS report and Friday’s all-important monthly jobs report. The JOLTS report missed economists’ expectations, but investors may find relief in increased confidence for a rate cut later this month, observes Bret Kenwell, US investment analyst at eToro.