When shelter-in-place orders went into effect across the country in March, many Americans quickly sought refunds for hotel bookings, airfare and travel expenses. But now that states have relaxed some social-distancing measures, Americans have gone full-circle and are planning road trips. That trend may be here to stay as “travel …
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The U.S. economy might not fully return to normal until 2022, and the stock market is at risk of a correction later in the summer, a leading economic forecaster said Friday. Christophe Barraud, chief economist and strategist at Market Securities in Paris, said the best case for the U.S. economy …
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Amid a debate about stock market investors underestimating the risks from the coronavirus-led shutdown of the global economy, China risk is reemerging. How the U.S. responds may determine the direction of the stock market. The U.S. has long contended that Chinese telecommunications-equipment maker Huawei Technologies is a risk to national …
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The equities market seems to be positioned for the old adage “sell in May and go away” to come to fruition. That’s the finding of Nomura quantitative strategist Masanari Takada, who said a shakeout is coming as scheduled. Most of what are called commodity trading advisors are trend followers, and …
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“ ‘Risk to the downside is greater than the opportunity to the upside from this point where we stand today.’ ” That’s Goldman Sachs’s chief equity strategist, David Kostin, explaining during a CNBC phone interview on Tuesday that recent enthusiasm for stocks don’t necessarily constitute an all-clear signal for bullish …
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There are some outlandish rumors about COVID-19, the disease caused by the new virus SARS-CoV-2, percolating on the internet: To some, it’s a dastardly bioweapon designed to wreak economic armageddon on the West; a left-wing conspiracy to damage the reelection prospects of President Trump; a virus that leaked from a …
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‘We didn’t know how to navigate the virus and chose not to because we didn’t think we had an edge in trading it. So, we stayed in our positions and in retrospect we should have cut all risk.’ Ray Dalio Ray Dalio’s deft navigation of the financial crisis 12 years …
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The stock market broke new ground last week in terms of the breakneck speed of its selloff, with the S&P 500 SPX, -2.34% dropping 10% from its record high in a mere six days, faster than any other time in history. Must be some hot bargains out there, with stocks …
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