Our call of the day comes from David Donabedian, chief investment officer at CIBC Private Wealth Investment, who tells MarketWatch that the V-shaped market we’ve seen since February — “an almost perfect peak” of a 34% decline followed by a 41% recovery for the S&P 500 SPX, -0.56% through June …
Read More »
Commercial real estate’s COVID-19 woes can’t be patched up with more debt. That’s Lisa Pendergast, executive director of the CRE Finance Council, an industry group focused on the $ 4.6 trillion commercial real estate finance market, on the pile of problems confronting properties as a result of the coronavirus pandemic. …
Read More »
With a few notable exceptions (cough cough “Hamilton”), most streaming services are taking a summer programming vacation in July, making it a perfect time for budget-minded subscribers to cut back a bit on expenses without worrying about missing out on buzz-worthy new shows. As this column has previously mentioned, consumers …
Read More »
Independence Day falls on Saturday this year, meaning that U.S. financial markets will be closed on Friday. The New York Stock Exchange and Nasdaq will be shuttered at the conclusion of regular trade Thursday, while the bond market will close an hour early, at 2 p.m. Eastern on Thursday, and …
Read More »
Over the past few decades the question of whether affirmative action is an appropriate antidote to centuries of discriminatory policies have animated the court system and voting booth. As Americans have become increasingly focused on systemic racism over the past several weeks, those questions have taken on new urgency. Now, …
Read More »
MARKETWATCH FRONT PAGE A recent survey by investment firm Jefferies indicates that the rise in coronavirus cases isn’t the central worry for investors. It’s the shape of the economic recovery that is the single-biggest factor by far for the investment community See full story. Doing this 30 minutes a day …
Read More »
It’s no secret that retail investors have been stepping up their participation in the stock market lately, but the degree by which they have outperformed professional investors may be coming into greater focus. A basket of equities that have been eagerly bought by individual investors since the depths of the …
Read More »
U.S. stocks on Thursday booked their worst daily plunge since fears about the economic impact of measures to curtail the spread of the COVID-19 pandemic took root in investors’ psyches back in March. The Dow Jones Industrial Average DJIA, +0.42% tumbled roughly 1,862 points and the S&P 500 SPX, +0.22% …
Read More »
A World Bank forecast predicting 2020 will see the worst global recession since World War II, which adds weight to the argument by some that markets and the economy are in a total disconnect right now. That likely won’t scare Capital Wealth’s market strategist Jeffrey Saut, who brings nearly 50 …
Read More »