Copper prices are likely to continue their decline and fall another 11%, according to Fairlead Strategies’ Katie Stockton.That would be a good sign for lower inflation, but a bad omen for the economy as copper is seen as a barometer of economic activity.”During severe economic recessions, copper and market declines have been relatively big,” Ned… Continue reading Copper prices are set to drop another 11% in what would be a good sign for inflation but a bad omen for the economy
Stocks could see an outsized rally later this year and into 2023 if markets follow election-cycle history, BofA says
Markets typically rebound after a September slump, but stocks tend to rally even more in midterm-election years, Bank of America said. The month of October across all years is positive 59.6% of the time, with average returns of 0.50%. During midterm election years, October is in the green 65.2% of them time and returns 2.16%… Continue reading Stocks could see an outsized rally later this year and into 2023 if markets follow election-cycle history, BofA says
Student loan forgiveness frees up money for millions of Americans but it won’t spark a spree of stock buying like pandemic-stimulus checks
The Biden Administration is gearing up to deliver $300 billion in student loan forgiveness. Unlike pandemic stimulus checks, retail investors are unlikely to use debt relief to rush into stocks. Individual investors now have to contend with hot inflation and a slump in asset prices. Loading Something is loading. The US government’s $300 billion student… Continue reading Student loan forgiveness frees up money for millions of Americans but it won’t spark a spree of stock buying like pandemic-stimulus checks
Nobel laureate Paul Krugman has slammed bitcoin as pointless, wasteful, and in large part a Ponzi scheme. Here are the economist’s 12 best quotes about crypto over the past decade.
Paul Krugman has been a scathing critic of bitcoin and other cryptocurrencies for at least a decade. The Nobel Prize-winning economist has called them pointless, wasteful, and virtually worthless. Krugman has also dismissed crypto as mostly a tool for criminals, and in large part a Ponzi scheme. Loading Something is loading. Paul Krugman has repeatedly… Continue reading Nobel laureate Paul Krugman has slammed bitcoin as pointless, wasteful, and in large part a Ponzi scheme. Here are the economist’s 12 best quotes about crypto over the past decade.
BMO: Buy these 15 top dividend stocks now to prepare for a strong market recovery through year’s end
The S&P 500 is struggling for direction and is swinging wildly as September begins. BMO Capital Markets is still bullish on stocks and has a Street-high S&P 500 target. Here are 15 income stocks to buy that BMO is bullish on right now. Stocks entered the long Labor Day weekend on a knife’s edge. The… Continue reading BMO: Buy these 15 top dividend stocks now to prepare for a strong market recovery through year’s end
Cities Where Rents Have Gone Up and Down the Most
Rents in some states have risen 60% to 70% or more since last year, and even doubled in places. These are the cities where rents have gone up the most. Rents in some states have risen 60% to 70% or more since last year, and even doubled in places. These are the cities where rents… Continue reading Cities Where Rents Have Gone Up and Down the Most
Gasoline Prices Should Keep Falling Unless This Happens
Gasoline prices are expected to continue their downward trend during Labor Day weekend as consumers are still receiving a reprieve. Crude oil prices declined on Sept. 2 to $86.97 a barrel on ongoing fears of an impending recession curbing demand. Inflation rates remain high and consumers face tighter budgets from paying more in food, housing and… Continue reading Gasoline Prices Should Keep Falling Unless This Happens
The Jackson Hole Jolt felt around the world and what it should mean for investors
Tom Bradley: It’s good news if you opt for some pain now for returns later Financial News is seen on a television as traders work on the floor of the New York Stock Exchange on Aug. 29. Stocks continued their downward trend of last week in reaction to Federal Reserve Chair Jerome Powell’s remarks on… Continue reading The Jackson Hole Jolt felt around the world and what it should mean for investors
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