“ ‘My confidence is rising quite rapidly that this is, in fact, becoming the fourth, real McCoy, bubble of my investment career. The great bubbles can go on a long time and inflict a lot of pain but at least I think we know now that we’re in one. And …
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President Trump said on Friday that he would reschedule a June 19 campaign rally in Tulsa, Okla., succumbing to calls to change the date of the event that falls on a holiday that marks the end of slavery in the U.S. Via Twitter late Friday, Trump said that he would …
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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 …
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Hundreds of thousands of New Yorkers went back to work on Monday for the first time in nearly three months, as the city took its first step toward reopening with cautious optimism. “Our mojo is back. Our energy’s back,” said Gov. Andrew Cuomo at his Monday briefing. Monday also marked …
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David Rosenberg, chief equity strategist at Rosenberg Research, has been saying for some time the market is running on a Federal Reserve-induced high. In a note to clients on Tuesday, he said relative value in the current environment doesn’t make any sense, with the S&P 500 SPX, +0.82% up 37% …
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President Trump said he wants to postpone the next Group of Seven nations meeting until September, and is looking to include additional countries. Mr. Trump told reporters traveling on Air Force One Saturday that he was planning to delay the meeting. He had been seeking to restore an in-person event …
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We’ve got a meaty call of the day from Pershing Square Capital Management hedge-fund manager Bill Ackman, who told investors on a call on Wednesday that he is dumping shares in Warren Buffett’s Berkshire Hathaway BRK.A, -0.52% BRK.B, -0.61%. While Buffett is always the main attraction in a room, Ackman …
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The U.S. economy is starting to show some initial signs of increased activity as businesses reopen as the coronavirus pandemic recedes, said New York Federal Reserve President John Williams on Wednesday. “I think we’re kind of in a good place…maybe near the bottom in terms of the economic downturn and, …
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There has been a yawning gap for some time between growth and value stocks, and the coronavirus pandemic has only widened the disparity. James Solloway, chief market strategist at investment manager SEI Investments, expects that to change — soon. “There are periods where leadership changes in a drastic and dramatic …
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