“‘We have got a critical situation. I really think we have a problem for the next six months. … [O]nce it gets to these parabolic states, markets can move and they can spike quite a lot.’” — Jeremy We...
Tag: Commodity
The Stock Market’s Drop Is Worse Than It Looks. Here’s Why.
The stock market is sliding, and most stocks in the S&P 500 are lower. Getty Images Text size The stock market is having a bad day—and it’s even worse than it looks. The Dow Jones Industrial Avera...
Consider a portfolio of 100% stocks if you’re at least 10 years from retirement
This year’s stock market isn’t what it seems. “It wasn’t supposed to be this way!” That’s the refrain from many investors who are looking at a U.S. stock market SPX, -1.08% decline so far this year of...
‘I thought it was a sick joke’: They gave up other job offers to work for Coinbase, and are now unemployed
When Hao Jia received an email from Coinbase that his job offer had been rescinded, he was on his way to watch “Top Gun: Maverick,” the blockbuster movie starring Tom Cruise. Jia’s girlfriend had aske...
Peak U.S. inflation? This obscure corner of the financial market says otherwise
In a little-known part of the financial market that’s had the most accurate reads on U.S. inflation so far, traders are pricing in an annual headline rate on the consumer-price index of 8.5% or higher...
Here’s why the stock market gets ‘squirrelly’ when bond yields rise above 3%
Stock-market investors seem to get jittery when the 10-year Treasury yield is trading above 3%. A look at corporate and government debt levels explains why, according to one closely followed analyst. ...
Home affordability has ‘collapsed’ in 2022. What to expect next, according to BofA
The double whammy of surging mortgage rates and skyrocketing home prices has led to “collapsed” housing affordability in America, according to Chris Flanagan’s team at BofA Global Research. The situat...
Rivian Writes a Letter to Shareholders. These Are the Three Noteworthy Items.
Text size R1S sport utility vehicle being manufactured. Courtesy Rivian Electric-truck startup Rivian Automotive quietly passed a milestone Monday. The company hosted its first annual meeting as a pub...
Are Stocks Undervalued Yet? – WSJ
Everyone wants to know when the stock market, after its recent declines, will be a good value again. The sobering news is that even at its lowest point in mid-May, the S&P 500 index wasn’t even cl...
U.S.-Stock Funds Avoided the Bear
That was a lot of angst, but not much result. Last month was a good example of the old advice that long-term investors should avoid worrying about day-to-day moves in the market. Stocks slid for most ...
The Stock Market Is Charting a New Course. It Won’t Be Pleasant.
Text size Delta Air Lines told investors that revenue would finally return to 2019 levels, amid strong travel demand. Brandon Bell/Getty Images The trend is your friend, or so they say. But right now,...
Bitcoin will be one of ‘best assets on Earth’ after inflation subsides, says commodity strategist
A cold chill has settled over the cryptocurrency market, with the flagship digital asset Bitcoin (BTC) falling around 35% since January. As a result, many people are left wondering how deep into a cry...
If Oil Keeps Rising, These 5 Stocks Could Benefit
Text size The price of oil has been steadily rising, while making higher highs and higher lows. Xiaomin Wang/Dreamstime.com Oil could be headed for $150 a barrel. That might not be good for the econom...
Investors may be in for this rude surprise: History shows inflation can take years to return to normal even when Fed hikes above 10%
History can be a powerful tool, particularly in a high-inflation environment like this one in which no suitable economic model seems to apply. Inflation — running at 8.3% as of April, near a four-deca...
Small-cap growth stocks are at their lowest P/E valuation in at least 24 years.
Growth stocks typically trade at premium prices. But in this market, rising interest rates have turned small-cap growth stocks into a bargain group. This may be a beautiful setup for long-term investo...
Why a top Wall Street quant sees S&P 500 taking back all its losses by yearend
JP Morgan’s Marko Kolanovic, one of the most closely followed quantitative analysts on Wall Street, augured in a note to clients on Wednesday that U.S. stocks could see a torrid rebound during the lat...
This market strategist with a spot-on record sees stocks surging 15% to 25% from their May low
The U.S. stock market’s two-week rally is even stronger than it looks. That’s saying something, since this rally has already tacked on impressive gains. As of the market’s close prior to the Memorial ...
GM slashes prices of Chevy Bolt EVs despite rising commodity costs
2022 BOLT EUV Source: Chevrolet DETROIT – Despite rising commodity costs, General Motors on Wednesday slashed the price of its 2023 Chevrolet Bolt EV, likely making it the least expensive electric veh...
Oil Prices on Rise Again as OPEC Considers Suspending Russia From Output Deal
Text size Oil prices have surged above $100 a barrel since Russia’s invasion of Ukraine. David McNew/Getty Images Oil prices edged higher after briefly falling back on Tuesday following a report...
U.S. stocks end lower Tuesday as Biden, Powell meet on inflation; Dow, S&P eke out gains in May
U.S. stocks closed lower Tuesday, the final session of May, as Treasury yields pushed higher following last week’s equity market bounce after a historic string of weekly losses. The Dow Jones Industri...
Fed’s quantitative tightening is about to arrive: What that might mean for markets
The Federal Reserve’s almost $9 trillion portfolio is about to be reduced starting on Wednesday, in a process intended to supplement rate hikes and buttress the central bank’s fight against inflation....
Yuan-ruble trading explodes 1,000% in latest challenge to U.S. dollar’s dominance
The Russian ruble has rebounded sharply off the lows seen after the invasion of Ukraine, although there remains a wide margin between prices quoted in Moscow and those quoted offshore. But in the late...
Hot stocks may bring an initial thrill, but they’ll break your heart
My father was born in 1936 in Brooklyn. He attended Erasmus High School, earned a degree in chemical engineering from Brooklyn Polytechnic High School and then went on to study dentistry at New York ...
Brace for another selloff if U.S. stocks reach this technical ‘danger zone’
“Top Gun: Maverick” is taking American cinemas by storm, so it’s only right that Wall Street strategists would work some references to the classic 1980s franchise into their client research which is o...
Salesforce earnings expected to serve as business-spending bellwether amid economic uncertainty
Salesforce Inc. is expected to have a much more subdued earnings report in the coming week as fear of a recession and inflation, as well as COVID shutdowns in China and the war in Ukraine, are prompti...
Opinion: Inflation is making everything we buy more expensive, and once stagflation hits things could get even worse
Last month I examined the culprits that are causing global inflation, including rising interest rates, persistent supply chain issues (China locking down cities), and climbing energy and fertilizer pr...