U.S. Treasury revenue has rebounded to begin the week on Monday, after a few economic reports provided a mixed picture of the economy’s health. What do Treasurys do? The 10-year Treasury note yields TMUBMUSD10Y, 0.682% fell 2.3 basis points to 0.655%. Last week, the moderation period on Thursday hit an …
Read More »Here are five stock picks of securities that set up your portfolio for a pandemic recovery
If you really want to call yourself a counter investor, it’s time to take a closer look at what hasn’t worked so far this year: value stocks and dividend stocks. Value stocks have underperformed growth stocks (especially Tesla Inc. TSLA, -4.09% and the most popular tech names) amid the economic …
Read More »His fund is up 60% this year after he called the bottom of March; now see the potential for a ‘severe collapse’
Michael Gayed says he is not trying to scare anyone, but you wouldn’t know from his last take. In May, the fund administrator warned of the possibility of two falls: first bonds, then stocks. With your ATAC Rotation Fund ATACX, + 0.04% It continues to deliver the products, it has …
Read More »Existing home sales rebounded sharply in June from the lows fueled by the pandemic, but will the recovery be sustainable in the long term?
The counts: Previously owned home sales increased 20.7% in June when states reopened their economies following coronavirus-related blockades. Existing home sales occurred at a seasonally adjusted annual rate of 4.72 million, the National Association of Real Estate Agents reported Wednesday. It was a big rebound from May, when sales fell …
Read More »This is what Goldman Sachs gives 90% chance of moving to the S&P 500 in the next decade.
The discussion about whether the markets were at the top lasted an entire day, after Tuesday’s recovery put the bears back in their dens. Positive news about the vaccine could broadcast Wednesday’s session. Looking a little further are the strategists at Goldman Sachs, led by David Kostin. They estimate that …
Read More »