A weaker day for stocks is brewing on Tuesday, as optimism about the US stimulus progress. The asset that stole the show on Monday, of course, was GCQ20 gold, -0.34%, which rose to $ 1,931 an ounce, the highest settlement in history. That prompted the crowd to expect $ 2,000 …
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 »Stick with Apple and Microsoft, at least for now, says this fund manager
Data from China, a Twitter hack, geopolitical tensions and worries about viruses are scaring investors out of stocks on Thursday, with more earnings and weekly unemployment claims ahead. Markets encouraged positive news about vaccines just a day earlier. The week has also seen the Nasdaq Composite COMP, + 0.59% wobble, …
Read More »Dow futures rise nearly 500 points as vaccine hopes rise and investors cheer on gains
Stock index futures were aiming for a higher start for Wall Street on Wednesday as investors buoyed up with positive results for a COVID-19 vaccine candidate, looking beyond a continued rise in US cases. USA -Chinese tensions. What are the main indexes doing? Futures in the Dow Jones Industrial Average …
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 …
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