Markets

S&P 500 earnings should take just a “modest” hit from the Inflation Reduction Act, said investment firm Glenmede.  Earnings face a bigger threat from the macro environment with inflation still running hot.  The legislation includes a 1% tax on share buybacks and a new minimum 15% corporate tax. Loading Something is loading. The risk of… Continue reading S&P 500 corporate earnings face a bigger threat from economic conditions than from taxes in the Inflation Reduction Act, investment strategist says

Markets have misinterpreted the Fed’s recent statements, former New York Fed President William Dudley said. Dudley thinks markets are wrong for expecting rate cuts in 2023, predicting the policy rate would rise past 4%. The central bank will be wary of cutting, Dudley said, wary of loosening policy too quickly and causing stagflation. Loading Something… Continue reading Markets have misinterpreted the most recent statements from the Fed – and its likely the central bank will push rates past 4%, former New York Fed president says

Ricky da Luz, 18, started making free Bored Ape toys for NFT holders last year, and has generated $1 million in sales.  He just presented Vitalik Buterin with a replica of the ethereum cofounder ahead of the key merge event expected in September. Da Luz says his company, IsmToys, offers a bridge between everyday people… Continue reading An 18-year-old who’s netted over $1 million selling Bored Apes toys just made a replica of ethereum cofounder Vitalik Buterin ahead of the ‘merge’

Investors should start to take on more risk and buy consumer discretionary stocks, according to Ned Davis Research.The research firm said several indicators suggest the current stock market rally will continue.”We will likely take another step towards growth [stocks] on additional model confirmation,” NDR said. Loading Something is loading. In the first half of 2022,… Continue reading The stock market rally has room to run and investors should start taking on more risk, Ned Davis Research says

Nate Hoskin is one of the youngest CFPs in the US after getting certified at 22 in early 2021. He works largely with younger clients, whom he says need to radically rethink retirement planning. He suggests side hustles and passive income to clients, as opposed to 401(k)s and traditional IRAs. When Nate Hoskin, a 24-year-old… Continue reading One of the youngest certified financial planners in the country says traditional retirement plans won’t meet the needs of Gen Z workers. Here’s what they need to do instead.

UK tax haven islands Jersey and Guernsey are stepping up their efforts to attract crypto and blockchain investors. They’re competing with territories like Bermuda and the Cayman Islands by offering favorable tax regulations. Crypto prices have plummeted this year and investors are pickier about where they put their money. Loading Something is loading. As the… Continue reading The UK’s offshore tax havens are quietly luring investors away from the likes of the Cayman Islands and Bermuda this ‘crypto winter’

Even though oil prices have fallen back from their recent peaks, the world’s biggest consumers aren’t biting as much. Experts told Insider that Asian demand for crude appears to be waning in part because of inflation.  COVID-19 lockdowns in China and cheap US crude have also steered Asia away from Middle Eastern oil.  Loading Something… Continue reading Oil refiners in Asia’s economic powerhouses aren’t snapping up extra crude even with prices below $100 a barrel as inflation bites

Investors should worry less about what the Fed will do because it’s now behind the curve on the inflation slowdown, said Jim Paulsen.  Markets are signaling an easing cycle has already started, the Leuthold Group’s chief investment strategist told Bloomberg TV “I don’t really care what the Fed is going to do because the Fed… Continue reading Markets are signaling an easing cycle has already started with the Fed now behind the curve on the inflation slowdown, says Leuthold’s Jim Paulsen