Markets

The odds of a recession in the next 12 months fell considerably after May’s strong jobs report, DataTrek Research said.The May report showed that 339,000 jobs were added to the economy last month, well ahead of economist estimates.”History does support the idea that May’s job growth pushes back the start of a US recession by… Continue reading A recession is unlikely to hit the US economy in the next 12 months after Friday’s hot jobs report

The US economy is barreling toward an inevitable recession, David Rosenberg says. The Rosenberg Research chief pointed to two key economic indicators that are flashing red. Rosenberg ruled out a “soft landing” where the Fed reins in inflation without causing a recession. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Top economist David Rosenberg sounds the recession alarm, pointing to 2 key indicators that are flashing red

Big banks may have to boost their capital buffers by about 20%, sources told the Wall Street Journal. Regulators could propose the increase as soon as this month, the report said. Banks with at least $100 billion in assets may have to comply with tougher capital rules. Loading Something is loading. Thanks for signing up!… Continue reading Top banks may have to increase their capital buffers by 20%, report says

Stocks are in for a 20% rally through the rest of 2023 if they can clear three hurdles, Fundstrat’s Tom Lee said. Lee pointed to signs of falling inflation and improving market breadth that support his bull case. He has made the case for months that a new bull market is emerging in stocks.  Loading… Continue reading The stock market could rally 20% through the rest of this year if it can clear 3 key hurdles, Fundstrat says

“AI and tech FOMO looks to be kicking in” among retail investors, Vanda Research said Thursday.  Net inflow from that group hit $1.48 billion in Wednesday’s session, the highest in three months.  Investors were expanding their AI-related stock purchases beyond large-cap names. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Stock market FOMO is back among average investors as AI and tech drive biggest stock market inflows in 3 months

Housing inventory is falling and surging in different parts of the US as higher rates distort the market.  A Realtor.com report found that home supply fell in 21 of the 50 largest metropolitan cities in May. But housing activity has kicked up in the South as increased affordability draws both buyers and sellers. Loading Something… Continue reading Housing supply is plunging in some parts of the the US and surging in others as high mortgage rates split the housing market

Elon Musk bemoaned a missed opportunity and said he wanted to meet Warren Buffett in a 2008 profile. The Tesla, SpaceX, and Twitter CEO said he hated firing people and struggled to move to Los Angeles. Musk also underscored his deep passion for his work and showcased his sense of humor. Loading Something is loading.… Continue reading Elon Musk disclosed a missed opportunity, said he hates firing people, and revealed a desire to meet Warren Buffett in a 2008 profile that’s resurfaced

At the halfway point of 2023, Morningstar has updated its list of the best stocks to buy now.  The research firm picked stocks it considers cheap even after the market’s rally. Wells Fargo, Comcast, and Taiwan Semiconductor Holding are among the names. At the halfway point of 2023, it’s clear that stock market investors are… Continue reading Morningstar says buy these 10 cheap stocks that will generate steady cash flows well into the future