Markets

There’s pent-up demand in the housing market that will help support home prices once mortgage rates decline again, NAR’s chief economist said. For now, half the country is experiencing price declines and the other half increases, Lawrence Yun told CNBC. “Is it a buyer’s market, seller’s market? Well, it’s time for negotiation. I think people… Continue reading Home prices could rise as much as 5% in coming years but don’t expect a bigger jump, NAR chief economist says

Home prices are set to drop by double digits in Austin, Seattle, Phoenix, and San Francisco, Goldman Sachs said. Those four cities have seen big increases in inventory, and supply is overwhelming demand, analysts wrote in a note. Nationwide, the outlook on home prices is less bleak, with Goldman seeing a 6.1% decline. Loading Something… Continue reading Home prices will sink in these cities that were once red hot as supply starts to overwhelm demand

Nvidia will be the dominant computing engine that drives AI and the cloud sector for the next decade, said Alger’s Ankur Crawford.  “How can you not own this at some point?” the portfolio manager said on CNBC. She added that the hype over AI isn’t overblown as the technology “will disrupt markets that we thought… Continue reading Nvidia will be dominant in AI and the cloud for the next decade, says portfolio manager; ‘How can you not own this?’

A bear market in stocks typically ends during a recession, not after one, according to BMO’s Brian Belski.Belski outlined his bullish view for stocks and outlined how investors should be positioned for an eventual bull market.”It is safe to say that the current tightening cycle is nearing an end, which has historically been a positive… Continue reading This is the bear market playbook investors should follow as stocks prepare for their next bull run

Warren Buffett published his famous annual letter to Berkshire Hathaway shareholders on Saturday. The billionaire investor touted his lucrative, decades-long bets on Coca-Cola and American Express. Buffett defended Berkshire’s stock buybacks and tax payments, and trashed manipulated earnings. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Warren Buffett touts his iconic Coca-Cola and American Express bets in his annual letter – and trashes managers who manipulate earnings

The “good economic news is bad news” narrative continues to dominate the stock market.   The recent stock rally is crumbling as inflation data shows the Fed still has more work to do.  But data also shows the economy is strong, and that could help the US avoid a recession.  Loading Something is loading. Thanks for… Continue reading Why the resilient US economy is making it difficult for stock investors to thrive

Goldman Sachs, Morgan Stanley, and JPMorgan are warning that stocks are headed for a second wave of pain. The year-to-date rally can’t last, according to Morgan Stanley’s chief US equity strategist. The upside will fizzle because above-trend growth and a soft landing have already been priced into stocks. Loading Something is loading. Thanks for signing… Continue reading The stock market’s euphoric rally has been a head fake, Wall Street’s top strategists warn

Wall Street is torn over whether the US can still avoid a recession in 2023. Bullish commentators say the economy can keep roaring and sidestep a slowdown altogether. Here’s what five Wall Street experts are saying about the fate of the economy this year.  Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Soft, hard, or no landing at all: Here’s what 5 Wall Street experts are saying about the fate of the US economy in 2023