Stocks won’t plunge 20% like Jamie Dimon predicted, Goldman Sachs’ global stock strategist told CNBC. That’s because financial conditions like private-sector balance sheets remain strong. But stocks haven’t found a bottom yet, and more downside is to be expected until interest rates or inflation peak, Peter Oppenheimer said. Loading Something is loading. Thanks for signing… Continue reading Jamie Dimon’s prediction of a 20% sell-off is too aggressive, but still expect more downside until interest rates peak, Goldman global stock strategist says
GOLDMAN SACHS: Buy these 12 stocks that Wall Street is underestimating — setting the stage for outperformance in 2023
Profit forecasts are coming down as the economy slows and interest rates keep rising. Goldman Sachs generated a list of stocks it expects to earn much more than Wall Street predicts. Overall, the firm expects an economic “soft landing” and says the S&P 500 should rally 11% in 2023. It’s no surprise that profit projections… Continue reading GOLDMAN SACHS: Buy these 12 stocks that Wall Street is underestimating — setting the stage for outperformance in 2023
Wall Street is worried something is about to break in markets. Here’s where Jamie Dimon, Cathie Wood and 5 other top experts think the rupture will come.
Wall Street is worried about building signs of stress in markets and the financial system. Whipsawing assets, economic strains and dysfunction in the UK are raising red flags. Here’s what Jamie Dimon, Cathie Wood and 5 other experts say about where things could break. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Wall Street is worried something is about to break in markets. Here’s where Jamie Dimon, Cathie Wood and 5 other top experts think the rupture will come.
BofA sees a silver lining for the stock market’s 25% plunge this year: Valuations have been reset, and US investors should be able to avoid a ‘lost decade’
The silver lining to this year’s 25% decline in the stock market is that there is less risk of a “lost decade” going forward, according to Bank of America.The bank’s long-term valuation model points to annualized gains of 6% over the next decade.But the stock market isn’t out of the woods yet as there could… Continue reading BofA sees a silver lining for the stock market’s 25% plunge this year: Valuations have been reset, and US investors should be able to avoid a ‘lost decade’
IMF urges governments to rein in spending or risk investors’ mistrust
Rise in global borrowing costs and high inflation trigger shift in fund’s earlier calls for expansionary fiscal policy Author of the article: Financial Times Chris Giles and Colby Smith in Washington The International Monetary Fund headquarters in Washington, DC. Photo by STEFANI REYNOLDS/AFP via Getty Images files Governments must place greater weight on keeping their… Continue reading IMF urges governments to rein in spending or risk investors’ mistrust
B.C. couple who used home as ATM in a cash crunch amid housing downturn
Rising interest rates have dealt them a double whammy as they try to sell their current home and buy a new one Publishing date: Oct 08, 2022 • 1 week ago • 5 minute read • 22 Comments Rising interest rates have driven down the price of this couple’s present home and raised the monthly mortgage… Continue reading B.C. couple who used home as ATM in a cash crunch amid housing downturn
FP Answers: What should I do with a $275,000 payout from my critical illness insurance policy?
Justine wonders whether she should add money to her TFSAs, RRSPs or RESPs, or is it best to pay down her mortgage? Justine may want to reassess her investment strategy at this time, planner says. Photo by Brent Lewin/Bloomberg By Julie Cazzin and Brenda Hiscock Advertisement 2 This advertisement has not loaded yet, but your… Continue reading FP Answers: What should I do with a $275,000 payout from my critical illness insurance policy?
TFSA rules land two more taxpayers in hot water with the CRA
Jamie Golombek: The cases involved an overcontribution and the constitutionality of the TFSA’s 100-per-cent advantage tax Publishing date: Oct 07, 2022 • October 7, 2022 • 5 minute read • 8 Comments If you accidentally overcontribute to your TFSA beyond your maximum, you can get hit with an overcontribution penalty tax. Photo by Getty Images/iStockphoto… Continue reading TFSA rules land two more taxpayers in hot water with the CRA
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