Bank Of America’s Contrarian Guru Unveils Best Portfolio Hedge Against Hard Landing: ‘No One Is Long’
Bank of America chief strategist predicts hard landing for US economy, recommends 30-year Treasury bonds as hedge against downturn.
Major Indexes Close In The Red, Dow Falls Below 40,000 As Investors Make U-Turn On Economic Outlook
Dow Jones closes 0.1% lower; S&P 500 & Nasdaq 100 fall 0.2%; Mixed data on inflation, jobless claims and housing.
‘Big Short’ Investor Michael Burry Bets Heavy On Gold, Renewable Energy Stocks, Exits Amazon, Alphabet
Michael Burry, famous for predicting 2008 crisis, made headlines with his latest 13F filing. He shifted towards commodities & renewable energy and decreased holdings in tech giants.
US Inflation Data Prematurely Released By Accident, Yet Traders Missed Golden Opportunity
The U.S. Bureau of Labor Statistics accidentally released critical inflation data for April 30 minutes early on Wednesday.
Wall Street Jumps To All-Time Highs On Soft Inflation, Bond Yields Tumble, Bitcoin Soars, Meme Stocks Face Carnage: What’s Driving Markets Wednesday?
The S&P 500 and the Nasdaq 100 indices rose to fresh record highs during morning trading on Wednesday following a broadly in-line inflation report and cooler-than-expected retail sales data for April, as traders increased their rate cut bets.
The SPY Flies Higher After U.S. Inflation Report Renews Hopes Of Rate Cuts
The SPDR S&P 500 (NYSE: SPY) reached a new all-time high of $526.80 on Wednesday after the Consumer Price Index (CPI) showed inflation pressures eased in April.
Wall Street Trades Flat On Mixed Producer Inflation; Meme Stocks See Wild Ride, Bitcoin Drops: What’s Driving Markets Tuesday?
Wall Street is experiencing a subdued trading session, with all major indices showing minimal movement around midday in New York.
Biden Announces Massive Tariffs On Chinese Imports To Protect US Industries: Clean Energy, Solar Stocks Rally
President Biden announces new tariffs on Chinese goods to protect American economy and domestic jobs. Also aims to counteract subsidized production.
Technical Analysis: Spear Alpha ETF Consolidation Signals Next Break Ahead Of Top Holdings’ Quarterly Earnings
Spear Alpha ETF (NASDAQ: SPRX) was trading flat on Tuesday, continuing to trade sideways within a tight range between about $22 and $22.90 on decreasing volume.
Stocks Surge On Healthy Earnings Season, Rising Jobless Claims: This Week In The Markets
Week in markets: quiet week, Q1 earnings positive, S&P 500 and Dow Jones up, utilities sector stands out, job market and inflation concerns, interest rate cuts expected. Buffett reduces Apple stake, Apple unveils new iPads, Tesla cuts jobs in China, Pfizer settles lawsuits.