Jeremy Grantham says AI hype has prevented the tech bubble from collapsing. The GMO cofounder is wary of US stocks, real estate, and commodities. Grantham sees a 70% chance of a US recession in the next 18 months. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Elite investor Jeremy Grantham warns the stock market’s rally this year is a ‘head fake’ – and a recession is still coming
US stocks edge lower amid Detroit auto strike while triple witching looms
Matthew Fox : Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. Spencer Platt/Getty US stocks edged lower on Friday as investors digest the UAW strike against Detroit’s Big 3 automakers.China’s economy showed some encouraging signs with retail sales and industrial production up.Friday is… Continue reading US stocks edge lower amid Detroit auto strike while triple witching looms
Stocks are really boring right now
There’s not much for equity investors to be excited – or scared – about right now. The hype around AI has fizzled out, and the Federal Reserve looks like it’ll soon stop raising interest rates. That’s dragged Wall Street’s “fear gauge” to its lowest level since November 2019. Loading Something is loading. Thanks for signing… Continue reading Stocks are really boring right now
Short-seller Jim Chanos is still betting against Tesla saying the stock is ‘ridiculously overvalued’ – and champions Nvidia as the ‘It girl’ of AI
Famed short-seller Jim Chanos said he remains bearish on Tesla, saying the stock is “ridiculously overvalued.” “Tesla in many ways, epitomises this bull market. It’s a hopes and dreams stock,” Chanos told Bloomberg. Meanwhile, the Chanos & Company founder hailed Nvidia as the “It girl” of the artificial-intelligence boom. Loading Something is loading. Thanks for… Continue reading Short-seller Jim Chanos is still betting against Tesla saying the stock is ‘ridiculously overvalued’ – and champions Nvidia as the ‘It girl’ of AI
Retail investors pile into Arm stock on the first day of trading, seeking greater exposure to the AI boom
Arm became the biggest IPO in the US since 2021 when it made its market debut on Thursday. Its stock rose 25% – with retail investors keen to jump on the bandwagon of AI-related stocks. Fidelity users placed over 20,000 buy orders on Thursday, Bloomberg reported. Loading Something is loading. Thanks for signing up! Access… Continue reading Retail investors pile into Arm stock on the first day of trading, seeking greater exposure to the AI boom
Five Questions (and Answers) for Long-Term Investors
The trajectory for inflation and Fed policy, the odds of a “hard, soft or no landing” for the U.S. economy and the implications of the Fitch Ratings downgrade of U.S. debt are among the considerations influencing market sentiment. Although near-term developments are of undeniable importance to the direction of markets in 2023, most investors have… Continue reading Five Questions (and Answers) for Long-Term Investors
Stock Market Today: Markets Close Mixed on Inflation Data
Stocks caught a tailwind from an inflation reading that keeps the Federal Reserve on track to leave interest rates unchanged at the next Fed meeting. August consumer prices rose 3.7% on an annual basis, we learned Wednesday, driven partly by a spike in gasoline prices. But core prices, which exclude volatile food and energy costs… Continue reading Stock Market Today: Markets Close Mixed on Inflation Data
US stocks jump as consumers remain strong despite inflation pressure
Filip De Mott TIMOTHY A. CLARY / Getty US stocks jumped Thursday as consumers remained strong despite inflationary pressures. Retail sales in August climbed 0.6% from the prior month, well above estimates for a 0.1% uptick. Wholesale inflation was higher than expected, after consumer inflation also came in hot. Loading Something is loading. Thanks for… Continue reading US stocks jump as consumers remain strong despite inflation pressure
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