Winning Stock Plays

US consumers are in good financial shape and are managing well in a high inflationary environment, Bank of America CEO Brian Moynihan said.  Account balances for consumers are higher now than they were pre-pandemic, he told Bloomberg.  Investors have been rattled by financial updates from retailers such as Target and Walmart.  Loading Something is loading.… Continue reading Bank of America CEO Brian Moynihan says US consumers are in good shape and won’t slow spending — even as stocks sell off in anticipation of a slowdown

US stocks were mostly lower Tuesday, with the Nasdaq losing more than 2%.  Tesla shares dipped below their S&P 500 inclusion price and moved closer to flashing a death cross.  Billionaire Bill Ackman said markets are imploding as investors lose confidence in the Fed.     Loading Something is loading. US stocks closed mixed Tuesday and… Continue reading US stocks end mixed as the Dow reverses higher while the S&P 500 hovers near bear market territory

George Soros warned Russia’s invasion of Ukraine could lead to World War III and civilization’s demise.  Global problems like climate change have been forced to take a backseat due to Russia’s war on Ukraine, he told the World Economic Forum. He also said China’s slowing economy could trigger a global depression. Loading Something is loading.… Continue reading George Soros warns Russia’s invasion of Ukraine could lead to World War III and even civilization’s demise

The stock market has some work to do before it hits bottom and moves higher, according to Ned Davis Research.The research firm highlighted the four things that need to happen for the stock market to bottom.Stocks have seen fits and starts in rallies that eventually get sold as investors are overwhelmingly bearish. Loading Something is… Continue reading The stock market needs these 4 things to happen before it can find a bottom and starting moving higher again, Ned Davis Research says

Markets aren’t confident that the Federal Reserve can tame record inflation, Bill Ackman tweeted Tuesday.  He predicts that inflation can only come down if the Fed aggressively raises rates, or if stocks crash. “It ends when the Fed puts a line in the sand on inflation and says it will do ‘whatever it takes,’” Ackman… Continue reading Billionaire investor Bill Ackman says markets are imploding because investors don’t have confidence in the Fed’s ability to stop inflation