There’s around $1 trillion of private debt that’s headed for potential trouble, Bank of America warned. Most of that debt has been created by below-investment grade companies through high yield loans or bonds. Around $400 billion assets are considered to be in “pre-distress,” while $150 billion assets are “deeply distressed.” Loading Something is loading. Thanks… Continue reading The $1 trillion of high yield debt that’s piled up in the last 5 years is about to have a ‘day of reckoning,’ Bank of America says
Stocks are approaching a perfect buy-the-dip opportunity as the S&P 500 faces August rout, Fundstrat says
The August sell-off in stocks is the perfect buy-the-dip opportunity, Fundstrat said. Markets will remained jittery over rising interest rates through the end of the month. The Fed’s Jackson Hole Symposium could jolt stocks back on their bullish path. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Stocks are approaching a perfect buy-the-dip opportunity as the S&P 500 faces August rout, Fundstrat says
America’s favorite weight loss drugs are impacting Denmark’s currency and interest rates
The stunning success of Ozempic and Wegovy is having a big impact on Denmark’s economy.Huge US sales have strengthened Denmark’s currency while also lowering its interest rates.Denmark-based Novo Nordisk has seen its market value soar in the past year to the second largest European company. Loading Something is loading. Thanks for signing up! Access your… Continue reading America’s favorite weight loss drugs are impacting Denmark’s currency and interest rates
Stock Market Today: Tech Stocks Lag as Treasury Yields Spike
Stocks struggled for direction Thursday as investors digested some good-news-is-bad-news economic data and the latest batch of earnings reports. The bulk of the day’s price action was to the downside, though, with tech stocks seeing outsized losses as Treasury yields spiked to levels not seen since the Great Financial Crisis. On the economic front,… Continue reading Stock Market Today: Tech Stocks Lag as Treasury Yields Spike
5 Consumer Trends to Keep an Eye on for the Long Term
It’s an interesting time to be an investor. Artificial intelligence is making its mark on the world in continuously more profound ways. The Federal Reserve has increased interest rates from virtually zero to over 5% with a goal of tamping down inflation. As growth in the U.S. looked like it was slowing over the last… Continue reading 5 Consumer Trends to Keep an Eye on for the Long Term
US stocks tumble as 10-year yield keeps climbing to hit highest since 2007
Jason Ma Angela Weiss/AFP via Getty Images US stocks tumbled Thursday as the 10-year Treasury yield kept climbing and hit the highest level since 2007. Measured on a daily basis, using a single reference price, the benchmark rate reached 4.3237%. Indexes gave up early gains to finish lower, with the Dow notching its third consecutive… Continue reading US stocks tumble as 10-year yield keeps climbing to hit highest since 2007
Foreign investors are giving up on China as capital flows reverse
Foreign investors are giving up on China as the country’s post-COVID rebound fizzles. They resumed dumping Chinese stocks and bonds after Beijing’s pledges to boost the economy briefly lifted hopes. Exchanges in Shanghai and Shenzhen have seen nine straight days of outflows among overseas traders. Loading Something is loading. Thanks for signing up! Access your… Continue reading Foreign investors are giving up on China as capital flows reverse
China’s economic model is ‘washed up on the beach’ and it’s not going to bounce back, veteran investor says
Veteran investor David Roche told CNBC that China’s economic model is “washed up on the beach.” He doesn’t anticipate it to bounce back as it deals with deflation, slowing growth, and other economic snags. He noted that China’s economy has a “huge number of legacy holes in it.” Loading Something is loading. Thanks for signing… Continue reading China’s economic model is ‘washed up on the beach’ and it’s not going to bounce back, veteran investor says
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