The surge in mortgage rates and home prices earlier this year has hammered the housing market, pushing building, sales, and prices down. While optimists in the industry are looking for a rebound, Goldman Sachs economists beg to differ. “Early this year, we argued that extremely limited available supply in the housing market would dampen the… Continue reading Housing Market Downturn Continues: Goldman Sachs
Is the student who made $110 million off a meme stock a lucky gambler or conviction investor?
Twenty-year-old Jake Freeman bet US$27 million in Bed Bath & Beyond Inc. and sold his stake just weeks later Author of the article: Financial Times Patrick Jenkins Shopping carts stand lined up in front of a Bed Bath & Beyond Inc. store in Fort Lauderdale, Florida. Photo by Luke Sharrett/Bloomberg files When news emerged recently… Continue reading Is the student who made $110 million off a meme stock a lucky gambler or conviction investor?
Noah Solomon: Market uncertainty leads to investor passivity at the wrong times
Refusing to change your portfolio in response to changing conditions has been one of the costliest mistakes in investing Traders work on the floor of the New York Stock Exchange during afternoon trading in New York City. Photo by Michael M. Santiago/Getty Images files One of my favourite quotes is attributable to the late, great… Continue reading Noah Solomon: Market uncertainty leads to investor passivity at the wrong times
Stock Market Today: Stocks Sink on Strong Economic Data | Kiplinger
Stock Market Today The major indexes erased early gains after the latest jobs and consumer confidence data were released.There was a glimmer of hope at Tuesday’s open that today might be the day stocks reverse their recent downward trend. But that was dashed mid-morning when the major market indexes took a decisive turn lower after… Continue reading Stock Market Today: Stocks Sink on Strong Economic Data | Kiplinger
Don’t Give Up on the Eurozone | Kiplinger
mutual funds As Europe’s economy (and stock markets) wobble, Janus Henderson European Focus Fund (HFETX) keeps its footing with a focus on large Europe-based multinationals.As economies go, Europe is struggling. It’s still emerging from the pandemic, and a war in Ukraine has severely slowed natural gas supplies from Russia, helping to push inflation to 40-year… Continue reading Don’t Give Up on the Eurozone | Kiplinger
3 Sustainable Fashion Stocks to Buy Now | Kiplinger
investing The apparel industry has a rough record on environmental, social and governance issues, but these firms are trying harder.The fashion industry faces many sustainability challenges, and it has been financially sucker-punched by COVID lockdowns in China and surging inflation. So investors with environmental, social and corporate governance issues in mind face a host of… Continue reading 3 Sustainable Fashion Stocks to Buy Now | Kiplinger
US stocks see 3-day decline as strong job openings report backs views for a hawkish Fed
US stocks fell on Tuesday, marking a three-day decline, as fresh employment data backed views for a hawkish Fed.Job openings unexpectedly increased to 11.2 million in July, indicating the labor market remains tight.The decline comes just days ahead of the Fed’s planned acceleration of its balance sheet reduction program. Loading Something is loading. US stocks… Continue reading US stocks see 3-day decline as strong job openings report backs views for a hawkish Fed
Hedge funds have amassed a $37 billion short bet on Italy’s debt, the biggest since 2008, as the country faces an energy crisis and political uncertainty
Hedge funds have amassed big bets against Italian debt, according to S&P Market Intelligence data. The value of Italian bonds borrowed by investors hit €37.20 billion ($37.30 billion) in late August, and bets had climbed to the highest since the global financial crisis. Italy is facing a national election in September and is dealing with… Continue reading Hedge funds have amassed a $37 billion short bet on Italy’s debt, the biggest since 2008, as the country faces an energy crisis and political uncertainty
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