(Bloomberg) — The world’s biggest exchange-traded fund posted its worst monthly outflow in its near three-decade history with investors selling the Monday stock rebound en masse. The $407 billion SPDR S&P 500 ETF Trust, known by its ticker SPY, in January saw its biggest redemption since launching in 1993, according to data compiled by Bloomberg, […]
Read More(Bloomberg) — Jeremy Grantham got the market’s attention with his “super bubble” call on U.S. stocks. Now he wants to get an even more alarming and urgent message out, one his critics may find harder to accept. The “Goldilocks” period of the past 25 years is ending, and the world needs to prepare for a […]
Read More(Bloomberg) — Jeremy Grantham, the famed investor who for decades has been calling market bubbles, said the historic collapse in stocks he predicted a year ago is underway and even intervention by the Federal Reserve can’t prevent an eventual plunge of almost 50%. In a note posted Thursday, Grantham, the co-founder of Boston asset manager GMO, […]
Read MoreTech bulls, the big number to watch today is: 51. If the Nasdaq were to close lower on Wednesday by about 51 points, the tech-heavy index would officially be in correction territory. And, oh what a fall it’s been. On Nov. 19, the Nasdaq closed at 16,057.44, an all-time high, only to tumble 9.65% over […]
Read MoreWhen 2021 comes to its finale, it will be remembered as a solid year for stocks that represented more of a bull than a bear market. The benchmark S&P 500 had more than doubled (+24%) its average annual total return of 11% over the 40 years. But for cryptocurrencies, things were more than solid – […]
Read MoreFormer Barron’s Roundtable member Felix Zulauf. ScanderbegSauer Owing to the conventions of the Gregorian calendar, this usually festive time is taken up with prognostications for the year ahead. New beginnings bring hopes for better times, which surely beats dwelling on the disappointments of the year past, I suppose. Hope isn’t a strategy, however, according to […]
Read More(Bloomberg) — U.S. equities investors, having enjoyed a lengthy run of rich valuations during the course of the pandemic, need to pull back, especially from growth stocks as the Federal Reserve begins to tighten monetary policy, according to Dennis Gartman, University of Akron Endowment Chairman. “A bear market is required at this point,” Gartman said […]
Read MoreBull markets, like the human investors that compose them, are mortal—and sometimes they die in a spectacular and bloody fashion. Trouble is, you never know for sure when a few days of big losses represent a mere dip (or to some, a buying opportunity) and what is the start of bigger decline. But there are […]
Read MoreU.S. stock futures slumped Friday, with global markets rattled by a new coronavirus variant discovered in South Africa, which fanned concerns that new growth-crushing lockdowns could be imposed. Trading volumes were low due to the Thanksgiving holiday in the U.S., which could be could contributing to the volatility. However, major benchmarks indicated a rough opening […]
Read More(Bloomberg) — Bond yields are on the rise again, serving a reminder to technology investors of the need to guard against unwelcome surprises. As higher rates tend to discount the present value of future profits, tech stocks with the highest valuations tend to suffer most, as witnessed in the Nasdaq 100 Index’s 1.2% drop from […]
Read MoreThe Brooklyn Daily Eagle headline on “Black Thursday,” Oct. 24, 1929, proclaims, “Wall St. In Panic As Stocks Crash.” FPG/Hulton Archive/Getty Images The supreme authorities from Chase National Bank, Harvard University, and Barron’s were as dumbfounded as everybody else. Chase’s chairman and Harvard’s treasurer were among the market experts enlisted by Barron’s to judge its […]
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