Tesla stock could soar 570% over the next decade to a $4.5 trillion valuation, according to billionaire investor Ron Baron.”But that’s not including robots, that’s not including autonomous vehicles, that’s not including batteries,” Baron said.Baron has been an investor in Tesla since 2014 and has a combined stake of about $4 billion. Loading Something is… Continue reading Billionaire investor Ron Baron outlines how Tesla could soar 570% over the next decade to a $4.5 trillion valuation
The super-charged dollar just saw its steepest drop in over 2 years as rumors swirl about China’s reopening
The US dollar index weakened about 1.3% on Friday as rumors about a China reopening circulated. In 2022, the US Dollar Index has climbed roughly 16% as the Federal Reserve tightens monetary policy. Should China ease its zero-COVID policies, its economy and energy demand would see a sharp rebound. Loading Something is loading. Thanks for… Continue reading The super-charged dollar just saw its steepest drop in over 2 years as rumors swirl about China’s reopening
The US has fallen into recession every time Philadelphia’s baseball team has won the World Series, dating back almost a century
Philadelphia’s baseball teams have a knack for winning the World Series around financial crises. Correlation doesn’t equal causation, but investors may be anxiously watching the next games. The Philadelphia Phillies trail the Houston Astros two games to three going into Saturday’s game. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading The US has fallen into recession every time Philadelphia’s baseball team has won the World Series, dating back almost a century
Investors bet the Fed will raise rates to 5.25% by mid-2023 as strong jobs report fuels views for more aggressive policy
Swap contracts Friday indicated investors expect the Fed’s policy rate to climb to 5.25% by June 2023. On Thursday, swaps pointed to an expected peak rate above 5.1% around mid-2023. Friday’s stronger-than-expected jobs data suggests the Fed will need to be more hawkish to cool inflation. Loading Something is loading. Thanks for signing up! Access… Continue reading Investors bet the Fed will raise rates to 5.25% by mid-2023 as strong jobs report fuels views for more aggressive policy
A pivot away from aggressive rate hikes is still coming even after Powell’s hawkish comments, and the Fed needs to stop flinching at rising stock prices, Fundstrat’s Tom Lee says
Jerome Powell struck a tough tone on Wednesday, but a dovish pivot by the Fed is still likely, Fundstrat says. Head of research Tom Lee said indicators will soon show inflation cooling down. He added the Fed needs to “stop flinching” at rising stock prices. Loading Something is loading. Thanks for signing up! Access your… Continue reading A pivot away from aggressive rate hikes is still coming even after Powell’s hawkish comments, and the Fed needs to stop flinching at rising stock prices, Fundstrat’s Tom Lee says
Ray Dalio’s Bridgewater protégé warns stocks could plunge another 20% – and markets aren’t pricing in the painful recession ahead
US stocks are likely to tumble another 20% over the next six months, Greg Jensen said. The Bridgewater co-chief investor is bracing for a much worse recession than markets expect. Stocks could bottom in the early summer, and the economy might hit a trough in early 2024, he said. Loading Something is loading. Thanks for… Continue reading Ray Dalio’s Bridgewater protégé warns stocks could plunge another 20% – and markets aren’t pricing in the painful recession ahead
US stocks surge after solid jobs report and speculation of China emerging from lockdowns
Matthew Fox Xinhua/Wang Ying/ Getty Images US stocks surged on Friday after a solid jobs report showed nonfarm payrolls jumping 261,000 in October.The unemployment rate rose to 3.7%, but the jobs report was likely not weak enough to change the Fed’s interest rate hike plans.Stocks were also higher after speculation grew that China would emerge… Continue reading US stocks surge after solid jobs report and speculation of China emerging from lockdowns
Alibaba leaps 10% as US-listed Chinese stocks rally on further speculation Beijing is set to reopen its economy after strict lockdown measures
Alibaba and other US-listed Chinese stocks jumped Friday after reports sparked further speculation China is moving toward reopening its economy. A former top disease control official in China said the country will make “substantial” changes to its zero-COVID policy in the coming months, Reuters reported. Nio and China-related ETFs were among the gainers in Friday’s… Continue reading Alibaba leaps 10% as US-listed Chinese stocks rally on further speculation Beijing is set to reopen its economy after strict lockdown measures
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