Tech stocks’ stunning run could soon come to an end, according to top RBC Capital Markets strategist Lori Calvasina. “The tech trade in particular feels like it’s starting to run out of catalysts,” she told Bloomberg. The sector has soared in 2023, with Meta and Nvidia already seeing their share prices double. Loading Something is… Continue reading The stunning tech rally that boosted Meta and Nvidia by over 100% will fizzle out soon, top RBC strategist says
The S&P 500 will crash 30% by December as spending slumps, profits shrink, and banking problems mount, markets guru Larry McDonald warns
The S&P 500 will plunge by almost 30% to around 3,000 points by December, Larry McDonald has warned. He sees less government spending, slimmer corporate profits, and banking pressures as key drivers. The founder of “The Bear Traps Report” touts energy and metals as smart bets in a tough environment. Loading Something is loading. Thanks… Continue reading The S&P 500 will crash 30% by December as spending slumps, profits shrink, and banking problems mount, markets guru Larry McDonald warns
‘Rich Dad Poor Dad’ author Robert Kiyosaki warns the economy is headed for ‘crash landing’ – says investors should buy bitcoin, gold
Robert Kiyosaki warned that the US economy is heading for a severe downturn. The “Rich Dad Poor Dad” author touted bitcoin, silver and gold as good investments. Kiyosaki is a frequent economic doomsayer, and previously predicted the worst market crash in world history in 2021. Loading Something is loading. Thanks for signing up! Access your… Continue reading ‘Rich Dad Poor Dad’ author Robert Kiyosaki warns the economy is headed for ‘crash landing’ – says investors should buy bitcoin, gold
Elon Musk predicts a ‘ChatGPT moment’ for Tesla, warns of banking woes, and expects a tough year ahead. Here are his 15 best quotes this week.
Elon Musk predicts a “ChatGPT moment” for Tesla, and warns investors have a tough 12 months ahead. The tech boss flags pressure on banks, and underlines Twitter’s dire state when he acquired it. Here are Musk’s 15 best quotes from Tesla’s shareholder meeting and an interview this week. Loading Something is loading. Thanks for signing… Continue reading Elon Musk predicts a ‘ChatGPT moment’ for Tesla, warns of banking woes, and expects a tough year ahead. Here are his 15 best quotes this week.
Investors are piling into tech stocks and shrugging off the debt-ceiling drama, Bank of America survey shows
Fund managers’ allocations to tech stocks have hit a 17-month high, according to Bank of America. The sector has embarked on a breakneck early-year rally, with the Nasdaq up 19% in 2023. Over 70% of investors aren’t worried about the debt-ceiling drama in Washington, the bank’s latest survey showed. Loading Something is loading. Thanks for… Continue reading Investors are piling into tech stocks and shrugging off the debt-ceiling drama, Bank of America survey shows
AI could boost S&P 500 profits by 30% or more over the next decade, Goldman Sachs’ strategist says
AI technology could boost S&P 500 profits by 30% or more over the next decade, a Goldman strategist said. “The real source of optimism now is productivity enhancements through artificial intelligence,” Ben Snider said. Artificial-intelligence technology has boomed in 2023 thanks to the debut of large language tools. Loading Something is loading. Thanks for signing… Continue reading AI could boost S&P 500 profits by 30% or more over the next decade, Goldman Sachs’ strategist says
Big-name investors are going all-in on AI
George Glover Bill Ackman recently revealed a $1.1 billion stake in Google parent Alphabet. Richard Drew/AP Some of the best-known names in investing are betting big on artificial intelligence stocks. Bill Ackman recently revealed a $1 billion bet on Google parent Alphabet, while Stanley Druckenmiller pumped a combined $430 million into Microsoft and Nvidia. Tiger… Continue reading Big-name investors are going all-in on AI
Mohamed El-Erian says the discord between Fed signals and investors’ interest-rate expectations could ignite market turbulence
The persistent discord between the Fed’s policy signals and investors’ interest-rate expectations is unusual and unsettling, Mohamed El-Erian said. It could lead to a surge in market volatility or end up eroding the central bank’s credibility, the top economist said on Twitter. Money-market prices reflect expectations for lower borrowing costs by year-end, but the Fed… Continue reading Mohamed El-Erian says the discord between Fed signals and investors’ interest-rate expectations could ignite market turbulence
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