JPMorgan’s Top Strategist Sticks To Bearish S&P 500 Forecast, Warns Of 2008-Like Crash: ‘Equities Continue To Price In Little Downside Risk’ JPMorgan Chase & Co. continues to hold one of the most pessimistic views on Wall Street regarding the U.S. stock market, expecting a decline in the coming months despite the S&P 500 reaching new […]
(Bloomberg) — Investors betting that technology behemoths will continue to fuel the rally in equities could be in for a rough ride when other sectors start to catch up, according to strategists at Bank of America Corp. Most Read from Bloomberg The outperformance of value over growth stocks as market breadth improves could be the […]
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020.Andrew Kelly/Reuters The stock market looks poised to fall from its extreme heights, legendary investor John Hussman said. Hussman said the stock market is mirroring the extremes leading up the 1929 crash. A market crash […]
(Bloomberg) — A semblance of calm returned to markets on Wednesday as the focus turned to corporate earnings after hawkish comments from Federal Reserve Chair Jerome Powell drove the dollar and Treasury yields to five-month highs. Most Read from Bloomberg The Stoxx Europe 600 index swung between small gains and losses amid mixed reports from […]
Larry Fink, who founded BlackRock, the world’s largest asset management firm, in 1988 (initially under the purview of Blackstone), currently has a net worth of $1.2 billion. He serves as the Chairman and CEO of BlackRock, which currently manages $8.7 trillion in total assets. Fink has been a long-time advocate of equities investment, recommending investors […]
When Warren Buffett speaks, investors listen. Or at least they should. Buffett has long been known as one of the greatest investors the world has ever seen. On Feb. 24, Buffett shared Berkshire Hathaway Inc.’s 2023 shareholder letter. While all 17 pages are worth a read, some tidbits are more impactful than others. Here are […]
Loraine Montanye is financial advisor and certified financial planner (CFP) In my 401(k) retirement plan, I’m 82% stocks. I’m 65 and still working. Should I be moving my stocks to bonds? -Bob While it’s not a satisfying answer, the real answer is that “it depends.” The decision of whether to shift your 401(k) to a […]
By Tatiana Bautzer NEW YORK (Reuters) – Three senior executives are leaving Citigroup’s equity-trading division, two sources with knowledge of the matter said on Wednesday, as the company undergoes a sweeping reorganization. The executives are Tim Gately, head of U.S. equities sales; Thomas Lynch, global head of prime services sales; and Matt Brady, America’s head […]