by BusinessInsider.com | Oct 20, 2023 | alerts, Markets/Economy
Leon Cooperman told Insider in an interview he thought stocks were overvalued. The billionaire investor said he didn’t expect the S&P 500 to hit a fresh high for a long time. Cooperman said a “rolling correction” was underway and house prices...
by BusinessInsider.com | Sep 7, 2023 | alerts, Markets/Economy
China’s central bank added 29 tons of gold to its reserves in August, marking a 10th straight increase. The country’s stockpiling of the safe-haven asset coincides with its efforts to move away from its reliance on the dollar. China recently cut its...
by BusinessInsider.com | Jul 19, 2023 | alerts, Markets/Economy
Deflation could become a headwind for stocks, Morgan Stanley’s Mike Wilson warned. That’s because falling prices takes away firms’ pricing power, which hurts earnings. “[T]his is a slippery slope for earnings growth and hence stock valuations,...
by BusinessInsider.com | Jun 22, 2023 | alerts, Markets/Economy
Total US short interest exceeded $1 trillion as of last Friday, S3 Partners data shows. The top five shorts are mega-cap tech stocks Tesla, Apple, Microsoft, Nvidia and Amazon. That comes after big stock market gains so far this year. US short interest this month rose...
by BusinessInsider.com | Jun 14, 2023 | alerts, Markets/Economy
The hype over AI has driven a narrow rally in stocks – gearing equities up for a “digestion phase,” a Citi strategist said. “This is not a broader market move. This is a very narrow move if you will from that perspective,” he said. ...
