Legendary emerging markets investor Mark Mobius thinks Warren Buffett has plans for something big. Buffett raised his stakes in top Japanese trading companies, which could play a role in a later deal. “I think he’s got a bigger fish to fry. I think he’s got plans for something else,” Mobius told CNBC. Loading Something is… Continue reading Warren Buffett has plans for ‘bigger fish to fry’ and needs Japanese stocks to make it happen, says Mark Mobius
Here’s exactly what needs to happen for stocks to enter a sustainable bull market
The stock market is on the verge of ending its year-long bear market and entering a new bull market.One signal that would suggest the bear market is over is a continued decline in equity volatility.Here’s exactly what needs to happen for the stock market to enter a new sustainable bull market, according to Fairlead Strategies.… Continue reading Here’s exactly what needs to happen for stocks to enter a sustainable bull market
De-dollarization has started, but the odds that China’s yuan will take over are ‘profoundly unlikely to essentially impossible’
De-dollarization has begun as recent trade deals elevate other currencies, Peter Earle wrote. But the dollar is likely to remain a top global currency, according to the economist. And the odds that China’s yuan will replace the dollar are “essentially impossible,” he added. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading De-dollarization has started, but the odds that China’s yuan will take over are ‘profoundly unlikely to essentially impossible’
US stocks trade mixed as investors await big inflation report
Matthew Fox Traders look on after trading was halted on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 18, 2020 Lucas Jackson/Reuters US stocks were mixed on Tuesday as investors prepared for the March consumer price index.The inflation report should give investors a better idea if the Fed will… Continue reading US stocks trade mixed as investors await big inflation report
High stock valuations suggest investors think the US economy will avoid recession, but expecting more equity gains is a stretch, Barclays says
The S&P 500 is up about 18% from its October lows, getting close to reach bull-market status. But Barclays says “the bull case for equities, like valuations, is still a stretch.” Earnings estimates are still high for an economy that’s unlikely to skirt a recession, the bank says. Loading Something is loading. Thanks for signing… Continue reading High stock valuations suggest investors think the US economy will avoid recession, but expecting more equity gains is a stretch, Barclays says
Wharton professor Jeremy Siegel reveals his investment plan if a recession hits and reiterates his view that the stock market bottom is in
Long-time stock market bull Jeremy Siegel is getting more cautious about a potential recession.The Wharton professor said that a slew of recent economic data did not include the impact of the US banking crisis. Despite the potential for a recession, Siegel believes the October stock market lows will hold firm. Loading Something is loading. Thanks for… Continue reading Wharton professor Jeremy Siegel reveals his investment plan if a recession hits and reiterates his view that the stock market bottom is in
The crypto market rally is built on hopes of Fed rate hike slowdown and looming US credit crunch, Galaxy Digital’s Mike Novogratz says
Bitcoin notched a 10-month high Tuesday amid a broader upswing in crypto markets. Galaxy Digital CEO Mike Novogratz said markets are pricing in a Fed rate hike slowdown and a US credit crunch. In an interview with CNBC, he said recent bank failures “re-galvanized” crypto’s original use case. Loading Something is loading. Thanks for signing… Continue reading The crypto market rally is built on hopes of Fed rate hike slowdown and looming US credit crunch, Galaxy Digital’s Mike Novogratz says
Russia’s economy is becoming more dependent on China as yuan purchases more than triple
The Russian economy increased its dependence on China as the yuan becomes more prevalent. Russians bought 41.9 billion rubles worth of the yuan in March, the central bank said. That’s more than triple the 11.6 billion rubles worth that was purchased in February. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Russia’s economy is becoming more dependent on China as yuan purchases more than triple
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