(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) — Monday’s U.S. market action was wilder than most in its history, with the S&P 500 falling about 4% before ending slightly higher. While positive turnarounds are often viewed as a good sign, that might not be the case here. According to calculations by Bespoke Investment Group, Monday was the sixth time since 1988 […]
Read More(Bloomberg) — When stocks plunged in 2018, Jerome Powell was there, buoying sentiment. Two years later as shares careened into the fastest bear market ever, he stepped up again, flooding the system with support. After the Nasdaq 100’s worst week since March 2020, investors are wondering what it would take for the Federal Reserve chairman […]
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 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 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 MoreMichael Burry dumped just about everything in Q3 to guard against the ‘mother of all crashes’ — but he did purchase 3 interesting new holdings Hedge fund manager Michael Burry of “The Big Short” fame has been a busy man lately. In addition to his non-stop shadowing (and shading) of Tesla CEO Elon Musk on […]
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