AFP via Getty Images Here’s a weird twist to American exceptionalism: American stocks, as measured by the S&P 500 benchmark, hold up against their European rivals, despite US coronavirus cases rising again and threatening economic recovery, while European countries seem to have the outbreak largely under control. Coronavirus update: Global …
Read More »It’s time for investors to stop buying stocks that are “incredibly decoupled” from reality, economist warns
“ “The investment challenge could well change in the coming months from going through an exceptional wave of liquidity, which raised virtually all asset prices, to going through a general price correction and complex individual defaults.” “ That is Mohamed El-Erian, Allianz’s chief economic adviser, speaking about what investors should …
Read More »Why has President Trump’s attitude toward the coronavirus been an “incredible gift” to investors?
“ “ Trump talking about the COVID-19 risk gave investors an incredible gift: It kept the markets resilient much longer than they should, and allowed us to ensure that our portfolio was positioned sensibly. ” “ That’s Axon Capital co-founder Dinakar Singh, winking at the president and his handling of …
Read More »Dow futures rise 100 points as big banks kick off the earnings season
Stock index futures were aiming for a higher start on Tuesday when investors began to digest the second quarter results of a trio of big banks, kicking off the corporate earnings reporting season. What are the main indexes doing? Futures in the Dow Jones Industrial Average YM00, + 0.61% They …
Read More »European Actions Fail Over Concerns Over California Closure
Shoppers wearing face masks leave a shopping mall in Berlin on April 29, 2020 amid the new coronavirus pandemic COVID-19. john macdougall / Agence France-Presse / Getty Images European stocks fell on Tuesday, reversing the gains of the previous day on concerns about the closure of the state of California …
Read More »