Stocks are struggling to break through to fresh records set last week, but one Oppenheimer analyst sees a renewed push higher sooner than later. Ari Wald, head of technical analysis at the firm, said multiple technical indicators suggest underlying strength in the market. “Having a bullish outlook has become somewhat consensus here but we think […]
Gold prices edged up on Wednesday as a recent rally in the U.S. dollar and Treasury yields hit a pause, while rising coronavirus cases worldwide also boosted appeal for the safe-haven metal. Fundamentals Spot gold rose 0.1% to $1,856.86 per ounce by 0052 GMT, while U.S. gold futures gained 0.8% to $1,858.10. Benchmark 10-year Treasury yields pulled back […]
The new year has seen the market continue to climb to record highs as the S&P 500 (^GSPC) stays above 3,800. With the markets this strong, warnings of irrational exuberance are beginning to sound off as observers wonder if this has the makings of a bubble. Last week, GMO co-founder Jeremy Grantham joined that crowd, […]
The quick move higher in bond yields is sending a warning about the stock market — especially growth stocks. The benchmark 10-year Treasury has risen about 20 basis points since the start of the year — 1 basis point equals 0.01% — and was at 1.13% Monday. Still relatively low, the yield is at the […]
Jeffrey Gundlach, founder and CEO of DoubleLine Capital, raised concerns Monday about the stock market’s elevated valuation relative to historical levels and believes rising inflation could upend investors this year. “At extraordinarily high valuations is where we are, and its being supported by massive amounts of stimulus,” Gundlach told CNBC’s Scott Wapner on “Halftime Report.” […]
Coming off of two extremely strong years in the market, and amid all sorts of political chaos in the country, it’s a tenuous time to be an investor. Market crashes happen fairly regularly — in fact, we’ve had two huge drawdowns in just the past two years! And yet, the market has surged to all-time […]
Stocks fell on Monday as investors assessed equity valuations and the outlook for more Covid-19 relief stimulus, along with ongoing political turmoil. The Dow Jones Industrial Average slid 89.28 points, or 0.3%, to end the day at 31,008.69. The S&P 500 dipped 0.7% to 3,799.61, and the Nasdaq Composite pulled back by 1.3% to 13,036.43. […]
How will your household finances fare if the stock market tanks sometime this year? The stock market is not the economy. The major market indexes climbed to new highs even as millions of Americans lost their jobs or joined the ranks of the underemployed in 2020. The current consensus is that the economy will kick […]
There was plenty of bad news in America last week. A mob of Donald Trump supporters stormed the Capitol building. The number of new Covid-19 infections hit a record high. Employment fell by 140,000. None of it fazed Wall Street which continued to climb to dizzying new heights. That’s the way with financial markets. When […]
The stock market will crash again. When exactly it will happen is beyond my powers of prognostication, but the fact that it will happen at some point is about as close to a certainty as you can get in investing. If you’re worried about it happening and the effect it will have on your family, […]
Stock futures fell in early morning trading Monday as investors assessed the outlook for more Covid-19 relief stimulus. Futures on the Dow Jones Industrial Average fell 128 points. S&P 500 futures and Nasdaq 100 futures both traded in negative territory. The stock market is coming off a solid week to start 2021 as investors looked […]
Insurrections are not usually seen by investors as buy signals. Yet even as rioters stormed the seat of US legislative government last week, stock market indices hit new highs in New York, adding another chapter to 12 months of apparent defiance of economic gravity. Wall Street, measured by the benchmark S&P 500, was not alone […]
