The stock market’s 15% rally off its mid-June low will continue higher into year-end, according to JPMorgan.As earnings revisions reset lower, “risk-reward for equities is not all bad as we move into year-end,” JPMorgan said.The bank said reasonable valuations, depressed investor sentiment, peak Fed hawkishness are all good reasons to stay bullish. Loading Something is… Continue reading Here’s why the stock market is about to kick off a sustained rally into the end of the year, according to JPMorgan
The July jobs report reset the recession clock but 2 warning signs show there are still near-term risks to the stock market
July data showing 528,000 new jobs in the US reset the countdown for a recession, DataTrek said. The rapid growth implies the Fed isn’t done tightening policy yet, and has a way to go still. Despite recalibrating recession risk, there are two near-term warning signs flashing for the stock market. Loading Something is loading. Investors… Continue reading The July jobs report reset the recession clock but 2 warning signs show there are still near-term risks to the stock market
A hot inflation report this week could upset the stock market’s relief rally, even after a strong jobs reported quelled recession fears, Barclays says
The rally in US stocks could lose its footing if the July inflation report unexpectedly shows prices accelerating, Barclays said. The July jobs blowout delivered last week underlined persistent inflation pressures, suggesting the Fed will remain aggressive with rate hikes. The consumer price index report is due Wednesday, and Barclays sees the headline growth rate… Continue reading A hot inflation report this week could upset the stock market’s relief rally, even after a strong jobs reported quelled recession fears, Barclays says
Bitcoin-bull Mike Novogratz’s Galaxy Digital loses $555 million in 2nd quarter amid crypto winter
Galaxy Digital’s net losses deepened to $554.7 million in the second quarter. The losses are more than triple those of last year for the same time period. The financial services company cited the broad crypto downturn as the main reason for its downbeat earnings report. Loading Something is loading. Galaxy Digital reported a $554.7 million… Continue reading Bitcoin-bull Mike Novogratz’s Galaxy Digital loses $555 million in 2nd quarter amid crypto winter
Tax Tips for New College Graduates
The decisions you make during and after college are important, especially when it comes to your tax return. Opportunities like the Lifetime Learning Credit and student loan interest deductions might only be available to you for a short time, so you may want to take advantage of them while you can. Doing so will help… Continue reading Tax Tips for New College Graduates
Tax Tips When Sending Kids to Private or Public Schools
For information on the third coronavirus relief package, please visit our “American Rescue Plan: What Does it Mean for You and a Third Stimulus Check” blog post. Tax Breaks for Private K-12 SchoolingIn most circumstances, you won’t get a significant break on your taxes by sending your kids to a private school from kindergarten to… Continue reading Tax Tips When Sending Kids to Private or Public Schools
Berkshire Hathaway posts $43.8 billion loss as Warren Buffett’s stock holdings tumble
‘Berkshire is a microcosm of the broader economy’ Author of the article: Investors closely watch Berkshire because of Warren Buffett’s reputation, and because results from the Omaha, Nebraska-based conglomerate’s dozens of operating units often mirror broader economic trends. Photo by REUTERS/Rick Wilking/File Photo The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line… Continue reading Berkshire Hathaway posts $43.8 billion loss as Warren Buffett’s stock holdings tumble
The investment strategist that nailed the stock market bottom in June says risks are skewed to the downside as investors fight the Fed
The investment strategist that nailed the stock market bottom in mid-June sees reason for turning cautious. Truist co-CIO Keith Lerner told Insider that risks are skewed to the downside as the S&P 500 runs into technical resistance.”What’s holding us back is central bank tightening and that valuations are not that compelling,” Lerner said. Loading Something is… Continue reading The investment strategist that nailed the stock market bottom in June says risks are skewed to the downside as investors fight the Fed
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