by Bloomberg.com | Jun 16, 2023 | alerts, Markets/Economy
The S&P 500 may have entered a technical bull market last week, but Bank of America Corp.’s Michael Hartnett says it’s not the start of a new major rally in equities. The strategist who correctly predicted the selloff in stocks last year said in a note Friday he’s...
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. ...
by Lance Roberts | Jun 13, 2023 | alerts, Markets/Economy, Real Investment Advice
Bullish sentiment has surged as the “Fear Of Missing Out,” or FOMO, kicked in in recent weeks. It is somewhat interesting to write this blog, given that we discussed the exact opposite roughly one year ago. “Investor sentiment has become so bearish that it’s...
by John Mauldin | Jun 9, 2023 | alerts, Markets/Economy, Mauldin Economics
In economics we often talk about cycles. “Business cycle theory” is an entire academic sub-field whose basic idea is that economic history really does repeat itself. Not in every detail, of course, but as a recurring sequence of expansions and recessions. More...
by Lance Roberts | Jun 9, 2023 | alerts, Markets/Economy, Real Investment Advice
Since October 2022, the stock market has traded consistently higher as earnings improved. With the first quarter earnings season behind us and the second quarter approaching, will earnings improve further? In 2021 and 2022, we wrote several articles discussing why...
by Bloomberg.com | Jun 6, 2023 | alerts, Markets/Economy
About 40% of US family office CIOs make at least that amount ‘They’re prepared to pay for the best’ in US, recruiter says It pays to be chief investment officer at a US family office. The private investment firms of ultra-wealthy Americans have the greatest number of...
