Markets

Fed chief Jerome Powell is scheduled to speak Friday at Jackson Hole, Wyoming.  Markets will be hanging on his every word, and Wall Street expects him to focus on inflation and interest rates. Inflation has cooled from a year ago, the job market remains tight, and economists have lowered their near-term recession odds. Loading Something… Continue reading Here’s what Wall Street expects from Jerome Powell at Jackson Hole

Nike shares are on their longest losing streak since the company went public in 1980.  The stock has seen nine straight days losses amid concerns about a demand slowdown in China. Nike has shed more than 20% in market capitalization so far in 2023. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Nike stock rout deepens in longest run of declines since 1980

Hedge funds’ top holdings have performed much better this year than in 2022 or 2021. Well-timed investments in large-cap tech companies and cyclical stocks lifted returns. Here are eight artificial intelligence beneficiaries that hedge funds are gravitating toward. Hedge funds took advantage of the robust market rally in the first half of 2023 by buying… Continue reading Big-money investors are increasingly bullish on these 8 AI beneficiaries, according to a Goldman Sachs analysis of over 744 hedge funds with a combined $2.4 trillion in equities

Cathie Wood’s flagship Ark fund is “dead money”, said Larry McDonald, citing its poor longer-term performance.  Despite its gains in 2023, the Ark Innovation ETF is still down by about 18% from five years ago, the markets guru pointed out. “They said to get long sexy innovation, what they didn’t say is you are actually… Continue reading Cathie Wood’s flagship Ark fund is ‘dead money’ as it’s actually down 18% from 5 years ago, markets guru Larry McDonald says

The US housing market is historically unaffordable, and home sales and inventory remain low. National Association of Realtors data shows existing-home sales are down 16.6% from last July. At the same time, total housing inventory is 14.6% lower compared to a year ago. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading These 2 stats show how tight the US housing market has become in the last year

Jeremy Grantham’s GMO has filed with regulators to create its first ETF. The proposed fund will be actively managed and focus on high quality stocks. This comes as investment firms are turning towards ETFs over mutual funds, which have fallen in popularity.  Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Legendary investor Jeremy Grantham’s GMO is launching its first ETF

Bank of America says small-cap value could lead the US recovery. These stocks have historically outperformed during the previous eight recovery cycles. If August trends upwards per a BofA indicator, then the US economy will officially be in recovery.  July may go down as the month when things began to look up for the US… Continue reading Bank of America says buy these 26 small-cap value stocks set to outperform and lead in cash returns as the economy officially enters a recovery stage

The S&P 500 has dropped almost 5% in August after gaining 21% in the first seven months of 2023. Wall Street firms and market commentators are divided on whether stocks will resume their rally after this month.  Bears include Michael Burry and David Rosenberg, while Goldman Sachs and Fundstrat are more optimistic. Loading Something is… Continue reading Here’s why stocks have tanked in August and what Wall Street expects to happen next