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Stocks could crash nearly 50% as a severe recession sets in, Milton Berg has warned. The veteran technical analyst flagged investor complacency and more banking woes as risk factors. Berg expects the S&P 500 to plunge below its level in October and approach its pandemic lows. Loading Something is loading. Thanks for signing up! Access… Continue reading The S&P 500 could crash nearly 50% as a brutal recession takes hold, veteran technical analyst warns

The Chinese yuan dropped to a 16-year low versus the dollar on Friday amid economic headwinds. The currency bounced Monday after China’s central bank moved to stabilize the currency. The PBOC’s intervention pushed the yuan 1% higher Monday morning, its biggest gain since March. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading China vows to support yuan through crisis, bouncing the embattled currency from a 16-year low

More bricks are being added to the proverbial “wall of worry” on Wall Street, according to Bank of America. The bank highlighted five risks hanging over the stock market, and offered a bullish response to each one. “We debunk these risks and continue to find more attractive opportunities in stocks than bonds.” Loading Something is… Continue reading 5 bearish risks hanging over the stock market, and a bullish response to each one

More bricks are being added to the proverbial “wall of worry” on Wall Street, according to Bank of America. The bank highlighted five risks hanging over the stock market, and offered a bullish response to each one. “We debunk these risks and continue to find more attractive opportunities in stocks than bonds.” Loading Something is… Continue reading These are the 5 bearish risks hanging over the stock market, and a bullish response to each one

Arm is looking to land a $52 billion valuation as it plans its IPO this month, while Instacart is also planning a multi-billion dollar debut. IPO and startup experts, however, don’t anticipate the splashy launches to revive the muted market. One Wharton academic compared the current landscape to the years following the bursting fo the… Continue reading Arm and Instacart’s splashy IPOs won’t be enough to revive a market in a slump reminiscent of the dot-com bust

September is historically considered the worst month of the year for stocks, in what is known as the “September Effect.”   But this year, market experts appear divided over whether US equities will repeat the pattern or defy it.  Here’s where 5 top voices see stocks heading in September and ahead.  Loading Something is loading. Thanks… Continue reading Experts are split on whether stocks will beat the ‘September Effect’ – Ed Yardeni warns of pain while Bank of America sees room for gains

Bill Ackman’s first stock was Wells Fargo, and Warren Buffett was a key factor in his choice. The billionaire invested in the bank as a business-school student with only $40,000 to his name. Ackman determined Wells Fargo, which counted Buffett as a big shareholder, was oversold at the time. Loading Something is loading. Thanks for… Continue reading Bill Ackman’s first stock was Wells Fargo – and Warren Buffett was a big reason why he bet on the bank

High mortgage rates and short supply of housing are just part of the pricing story, according to Barclays. Strong demand among older Americans is keeping prices high, with analysts saying “Blame the Boomers.” That’s as older age groups tend to spur more household formation, adding pressure on the market. Loading Something is loading. Thanks for… Continue reading ‘Blame the Boomers’: A paradox in the housing market is what’s really behind rising demand and home prices