Dear Moneyist, I am in a tough moral situation and I don’t know what to do. My older sister and brother-in-law have been fighting about money for the past year or so. He is a big spender, not just for himself, but for the whole family, friends, and community. While …
Read More »Coronavirus update: Pandemic will continue for some time, experts tell Congress as U.S. case tally nears 4.5 million
With close to 4.5 million Americans confirmed to have been infected with the coronavirus illness COVID-19, the pandemic will continue for some time, public health officials will tell Congress on Friday, underscoring the importance of following their recommendations on face masks, frequent hand washing and social distancing. “While it remains …
Read More »The Tell: Stock-market timing guru Tom Demark says S&P 500 will see 3,500 before peaking
Tom DeMark says that the S&P 500 index has more room to run up, according to a report from Bloomberg News on Tuesday. The technical analyst and market timer says that the broad-market stock index is likely to touch 3,500 as the overall stock market attempts to play catch up …
Read More »The Tell: Award-winning forecaster says U.S. economy might not heal by next year, putting stocks at risk of correction
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 …
Read More »The Tell: A portfolio of stocks being bought by mom-and-pop investors is trouncing Wall St. pros — here’s what they’re buying
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 »The Tell: The Fed has made valuing stocks like ‘cheating off the F student,’ strategist says
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% …
Read More »The Tell: Investor turns $100,000 into $2.2 million — now he’s banking on a cruise line to reach his early retirement goals
The buy-and-hold approach to the stock market generally isn’t a celebrated strategy among Reddit’s “Wall Street Bets” bunch, but more than a few glasses are being raised for one member of the meme-making trading community who claims to have made an absolute killing in recent years. IKnowTheCodings, as he goes …
Read More »The Tell: ‘Rich Dad, Poor Dad’ Robert Kiyosaki: These three investments will help you ‘prepare for the worst’
“Pray for the best — prepare for the worst,” says “Rich Dad, Poor Dad’ author Robert Kiyosaki, who laid out in a tweet over the weekend how he suggests doing just that: The gloomy assessment is in line with what he’s been saying for a while. Clearly, he’s bullish on …
Read More »The Tell: After coronavirus, the U.S. will ‘never return to free-market capitalism as we knew it,’ says Guggenheim’s Minerd
Scott Minerd, global chief investment officer at Guggenheim Partners isn’t optimistic about the economic recovery from the coronavirus pandemic, and he worries the tepid rebound could lead to a “populist revolt to address massive inequality of income and wealth.” Minerd wrote in a Sunday blog post that he predicts there …
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