Markets

Billionaires and CEOs have dumped $9 billion in stock this year.  Many of those sales have been concentrated in the tech sector amid Wall Street’s frenzy over AI. Executives have cashed in on the rally as the S&P 500 recovers from a dismal 2022 performance.  Loading Something is loading. Thanks for signing up! Access your… Continue reading Billionaires and corporate execs have dumped $9 billion worth of stock this year amid the market’s latest rally

The stock market has entered full FOMO territory this year, according to JPMorgan’s Marko Kolanovic.And investor enthusiasm is not just concentrated in tech stocks, with broad market valuations appearing stretched.”There is complacency being built into stocks with VIX at the lows of its range,” Kolanovic said. Loading Something is loading. Thanks for signing up! Access… Continue reading It’s not just tech. FOMO is in full swing across the stock market, and investors are about to be disappointed.

Activision Blizzard stock popped 11% after a judge paved the way for Microsoft to complete its takeover of the game publisher.  The decision is a blow to the Federal Trade Commission, which had set a hearing date on the merger for August.  Microsoft’s $69 billion purchase would be the largest tech merger ever.  Loading Something… Continue reading Activision Blizzard jumps 11% after judge rules Microsoft can buy the video game publisher in a win over FTC

Stocks have rallied in 2023, but it isn’t a new bull market yet, Wells Fargo says.  That’s because the market faces three barriers to a sustainable rally.  Stocks historically bottom after the economy enters a recession and the Fed begins to cut rates, the bank said. Loading Something is loading. Thanks for signing up! Access… Continue reading Stocks are facing 3 barriers to entering a new bull market, Wells Fargo says

Economic resilience is largely due to higher summer spending, Wharton Professor Jeremy Siegel wrote. But the Fed should not lift rates due to this, as consumer activity could fall in September or October. “It is the ‘YOLO’ (you only live once) consumer out traveling and enjoying the summer.” Loading Something is loading. Thanks for signing… Continue reading ‘YOLO’ consumers are driving what could be one of the last good stretches for the economy, Wharton’s Jeremy Siegel says

Housing affordability was even worse for some Baby Boomers, per a new Realtor.com analysis. That’s because homebuyers in 1981 were saddled with 18% mortgage rates, the listing site said. The current rate on the 30-year fixed mortgage has hovered stuck close to 7% for the past year. Loading Something is loading. Thanks for signing up!… Continue reading Housing was even less affordable for some baby boomers than for homebuyers today, Realtor.com says

Studying investor psychology can help secure better returns, Howard Marks wrote in the Financial Times. Emotions are often behind large swings, and can act as a signal for market movement. “Remember that in extreme times, the secret to making money lies in contrarianism, not conformity.” Loading Something is loading. Thanks for signing up! Access your… Continue reading Howard Marks says superior returns come from reading investor psychology. Here are his ‘most essential’ tips for doing that

Vladimir Putin has crippled Russia’s economy to fund the war in Ukraine, experts tell Insider.  Experts say the official data from Moscow suggests it’s faring far better than it actually is.  The ruble has is crashing, the labor force has seen an exodus, and civil war remains possible.  Loading Something is loading. Thanks for signing… Continue reading The worst thing for Russia’s economy isn’t Western sanctions. It’s Putin.