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A Thanksgiving week rally couldn’t put all three major indexes in the green for November. The S & P 500 gained nearly 4% for the week, while the Dow Jones Industrial Average added more than 3% — a strong enough showing for each to eke out gains for the month. It extends their streak of […]
For most investors, the forecasting power of valuation metrics is pure gospel. With the price-to-earnings ratio of US stocks hovering near 30, many are starting to taking it on faith that these are the last days of the bull market. Yet valuations don’t predict stocks’ direction – and they never have. Heresy? More like history […]
The Dow Jones Industrial Average plunged nearly 800 points Thursday as investors continued to panic over AI spending in the tech sector and hopes for an interest-rate cut next month diminished. The Dow fell 798 points, or 1.7% — its worst day in more than a month after notching a new record high just the […]
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | Reuters Shares of Japan’s SoftBank Group resumed their slide on Friday, following a broader slump in AI-related stocks as investors once again grew wary of the sector’s lofty valuations. The group, which holds a wide range […]
Stocks jumped for the second straight week and reached record highs Friday as Washington trade and shutdown drama took a back seat to cooler inflation data and stronger earnings. The S & P 500 and Nasdaq rose 2% and 2.3%, respectively, for the week. In fact, the S & P 500 on Friday peaked above […]
GM Hummer EV production in Detroit. Photo by Jeffrey Sauger for General Motors DETROIT — Shares of the Detroit automakers closed higher Friday following an afternoon report that President Donald Trump is considering “significant tariff relief” for the production of vehicles in the U.S. Stocks for General Motors, Ford Motor and Chrysler parent Stellantis shifted […]
With stocks notching all-time highs here and abroad, investor skittishness is likewise going through the roof – after all, there’s more to lose than ever, right? Here are four particularly niggling and nervous questions I have been fielding of late. Let’s try and sort out which are worth our time – and, of course, our […]
The US dollar is getting hammered. It’s weak against the euro, the British pound, Canada’s loonie and the Aussie. It just logged what many call its “worst first half ever.” That, the bears say, shows faltering confidence in US assets. They expect the jitters will soon ripple through and overwhelm supposedly “euphoric” stock markets, reversing […]
In my 50-plus years of running money, I’ve noticed that the biggest market moves come from factors that have gone unnoticed – and right now, there’s a doozy lurking under the table. Amid all the tariff tumult of the past few months, the global yield curve has been quietly re-steepening. Also note that the previously long-watched […]
The Synopsys headquarters in Mountain View, California, on April 13, 2022. David Paul Morris | Bloomberg | Getty Images Shares of chip design software makers Cadence and Synopsys tumbled in Wednesday trading after The Financial Times reported that the White House told them to stop selling to clients in China. Cadence stock declined nearly 11%, […]
