“ “We’re in a boom-and-bust cycle, an epic, monumental boom-bust cycle and this is really what a strategy like Universa’s is here for.” ” – Mark Spitznagel Mark Spitznagel, founder of Universa Investments, told CNBC during a Monday interview why he thinks market participants should apply a modicum of caution …
Read More »Gold prices pop higher than Buffett shares of the second largest miner in the world
Gold prices rose higher on Monday, partly supported by a slide in government bond yields and the US dollar, which were the attraction of the precious commodity. But the yellow metal may also have attracted extra interest after a public submission that offered a glimpse of Warren Buffett’s Berkshire Hathaway …
Read More »Dow futures inch higher as Wall Street investors seek fresh stock market spark
US stock market futures index near the flatline on Monday, with the S&P 500 index set to open near record highs, but finding few reasons to trade higher amid a congressional speech on fresh incentives to help hurt Americans and businesses by of coronavirus-pandemic. How do big indices work? Futures …
Read More »Goldman Sachs just raises its S&P 500 price target. Here’s why
COVID-19 is still raging, traders are starting to bet on “hornworms around the election,” and the US and China could not even agree on planning a scheduled meeting over the weekend. None of this is, of course, significant to the stock market. Goldman Sachs became the latest company to increase …
Read More »Buy in Europe, where stocks have ‘become brutal’, says fund manager
Three things have led Systelligence CEO Kevin Miller to move money from his fund management company to European equities and away from U.S. equities: The decline in the dollar, the underperformance of European equities this year compared to the US, and expected volatility copy in the elections in November. The …
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