Home prices fell in August for the second straight month, according to data from Black Knight. Median prices fell 0.98% in August, following July’s upwardly revised 1.05% monthly decline. They mark the biggest single-month price declines since January 2009 and are among the eight largest on record. Loading Something is loading. Home prices fell in… Continue reading US home prices are falling at the fastest rate since the Great Financial Crisis, says Black Knight
Advanced economies need to change course on monetary policy as excessive central bank tightening risks sparking a global recession, UN trade group says
Advanced economies need to change course on monetary policy, as central bank tightening could be sparking a global recession. The idea that central banks can lower inflation with more rate hikes and avoid a recession is “an imprudent gamble,” a UN trade group said. The group trimmed its growth estimates for the global economy this… Continue reading Advanced economies need to change course on monetary policy as excessive central bank tightening risks sparking a global recession, UN trade group says
Oil is poised for a weaker rally after ‘investor exodus’ on strong dollar and recession fears, Goldman says
Goldman Sachs said it’s still bullish on oil but slashed its price target on Brent crude to $100 a barrel from $125. The surging US dollar and weakening global demand are headwinds to oil prices, according to a note. But low levels of investment, spare production capacity, and inventories point to supply-side tailwinds. Loading Something… Continue reading Oil is poised for a weaker rally after ‘investor exodus’ on strong dollar and recession fears, Goldman says
The 2022 bloodbath across markets has taken its toll on financial influencers – and the void left as they pull back is being filled by loads of spam
As stocks plummet, markets have become less susceptible to the Midas touch of “finfluencers.” Spam activity on social media is rising as celebrities and influencers grow quiet, data shows. “You have a whole army of bots that can create that same explosion [as Elon Musk],” one cultural anthropologist said. Loading Something is loading. After driving… Continue reading The 2022 bloodbath across markets has taken its toll on financial influencers – and the void left as they pull back is being filled by loads of spam
UBS names 12 stocks that are most likely to grow their dividend payouts to shareholders above-average within the next 6 months
A report from UBS equity strategists recommends buying growth over value-style indices. It favors dividend-paying stocks because they are likely to outperform in this economic environment. The slides below are 12 stocks that pay above the 2.5% average yield from UBS’ list of 40 stocks. As interest rates continue to rise, downside risks for the… Continue reading UBS names 12 stocks that are most likely to grow their dividend payouts to shareholders above-average within the next 6 months
Stocks are attractive now as the war on inflation has already been won and Fed tightening may be nearing an end, says a Wall Street chief strategist
Stocks look good now as the Federal Reserve appears close to ending its tightening, according to Jim Paulsen. Inflation has already rolled over and will continue to decline, the Leuthold Group’s chief investment strategist said. “Historically, peak inflations have been very good times to buy the stock market,” Paulsen told CNBC. Loading Something is loading.… Continue reading Stocks are attractive now as the war on inflation has already been won and Fed tightening may be nearing an end, says a Wall Street chief strategist
The Brazilian real and the Mexican peso have surged against the dollar as it steamrolls rival currencies this year — but economic and political risks could eat into their gains
Brazil’s real and Mexico’s peso are standout currencies this year in managing to rise against the dollar. Relatively high yields in the emerging market economies are among the factors that make the currencies attractive. But risks loom in worries about global recession and Brazil’s presidential election. Loading Something is loading. While the US dollar has… Continue reading The Brazilian real and the Mexican peso have surged against the dollar as it steamrolls rival currencies this year — but economic and political risks could eat into their gains
One of Wall Street’s biggest bulls is losing conviction on the stock market as the risk of a Fed policy error rises
One of Wall Street’s biggest bulls is highlighting two big risks that loom for the stock market. JPMorgan’s Marko Kolanovic said escalating Russia tensions and a potential Fed policy error dent his enthusiasm for stocks. “Most of the risks in 2022 are a result of policies… it all amounts to throwing rocks in glass house,”… Continue reading One of Wall Street’s biggest bulls is losing conviction on the stock market as the risk of a Fed policy error rises
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