Brian Evans US stocks have rallied sharply since June. ANGELA WEISS/Getty Images The Dow soared 800 points, and the Nasdaq jumped 3% Tuesday as stocks capped their best two-day rally since 2020. A drop in US job openings and a smaller-than-expected rate hike from the Reserve Bank of Australia helped fuel the bullishness. Twitter stock… Continue reading Dow soars 800 points as stocks extend massive rally on fresh hopes for less hawkish central banks
Twitter soars 23% on report that Elon Musk is proposing to move forward with his $44 billion takeover
Twitter soared 23% on Tuesday after Bloomberg reported Elon Musk will move forward with his deal to buy the social media company.Musk has proposed to close the deal on the stated terms, in which he will buy the company for $44 billion.Musk had previously contested the deal, with a court trial scheduled to begin this… Continue reading Twitter soars 23% on report that Elon Musk is proposing to move forward with his $44 billion takeover
The stock market likely just bottomed and a 15% rally could take hold into year-end, Fundstrat says
The stock market has likely bottomed this week and could stage a 15% rally, according to Fundstrat.The firm highlighted favorable seasonal trends heading into the fourth quarter, as well as depressed investor sentiment.”Risk/reward certainly favors betting on an above-average bounce in the ‘Bear Killer’ month of October,” Fundstrat said. Loading Something is loading. The stock… Continue reading The stock market likely just bottomed and a 15% rally could take hold into year-end, Fundstrat says
The key 10-year Treasury yield is tumbling as softer economic data injects ‘hopium’ into markets over a Fed policy pivot
The 10-year Treasury yield sharply dropped on Tuesday, highlighting market speculation about a so-called Fed pivot from aggressive interest rate hikes. Soft economic data including a tumble in US job openings was contributing to sending the 10-year yield down 20 basis points. US stocks rallied for a second session, including a 3% climb in the… Continue reading The key 10-year Treasury yield is tumbling as softer economic data injects ‘hopium’ into markets over a Fed policy pivot
Consumer Savings Shrink to 2008 Lows
The American consumer is accumulating less money each month and tapping into their savings to pay for basic necessities and bills such as utilties, adding to fears of a recession. The personal savings rate in the U.S. for August was down to 3.5%, which is flat compared to July’s rate, according to the Bureau of… Continue reading Consumer Savings Shrink to 2008 Lows
It’s a scary time for investors, but they need to find the courage to face their fears
Martin Pelletier: Those who face their fears when things are at their scariest always end up with the most candy Halloween has come early this year for investors. Photo by Jeenah Moon/Getty Images files It was just a matter of time, 14 years to be precise, before the doomsayers finally got another kick at the… Continue reading It’s a scary time for investors, but they need to find the courage to face their fears
‘Market trust is gone’: What traders are saying about Liz Truss’s tax-cut U-turn
U.K. prime minister and chancellor scrap a proposed tax cut for the country’s highest earners Author of the article: Bloomberg News David Finnerty, Naomi Tajitsu and Vassilis Karamanis U.K. Prime Minister Liz Truss’s mini-budget of unfunded tax cuts, unveiled in late September, sent the pound to a record low a week ago. Photo by HANNAH… Continue reading ‘Market trust is gone’: What traders are saying about Liz Truss’s tax-cut U-turn
These money-saving strategies can help investors make the most of a very bad year
Jason Heath: You can earn a guaranteed return on your investments whether markets rise or fall A trader works on the floor of the New York Stock Exchange. Photo by Brendan McDermid/Reuters files Investor sentiment is very different this year compared to 2021 when North American stocks returned over 25 per cent. As we enter… Continue reading These money-saving strategies can help investors make the most of a very bad year
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