Historical data shows the U.S. stock market is likely to return 20% or more this year after the three major indices closed 2022 with their worst annual losses since 2008, according to Fundstrat Global Advisors. Fundstrat’s head of research Tom Lee said equity investors are more likely to see a year of positive returns than …
Most Las Vegas Strip deals are splashy with the kind of land purchase that kicks off the publicity cycle for any massive casino, resort or attraction that may one day be built on the property. That’s basically what Houston Rockets owner Tilman Fertitta did. The billionaire, who also owns the Golden Nugget on Fremont Street, …
Notorious Las Vegas Strip Piece Sold; Probable new casino Read More »
Tesla had a bad year 2022. On the stock market, it was a real nightmare. Tesla stock lost more than 65% of its value to end the year at $123.18. It had started 2022 at $352.26. This fall translates into more than 720 billion dollars of market capitalization which evaporated in one year, a real …
Here are some predictions for 2023 for the financial markets, economy and stocks. I’ve spent the past year and a half being cautious following the bull market bubble that finally ended in early 2022. After this turbulent year, perhaps now is a good time for us to see the economy turn into something healthy for …
11 predictions for money, technology, stocks and crypto for 2023 Read More »
This is the time of year when the traditional seasonal rally in US equities known as the “Santa Claus Rally” usually occurs. But unlike past holiday periods, this one could get bogged down in the risks of a recession and a continued rise in interest rates in the new year. The Santa Claus rally refers …
This is the time of year when the traditional seasonal rally in US equities known as the “Santa Claus Rally” usually occurs. But unlike past holiday periods, this one could get bogged down in the risks of a recession and a continued rise in interest rates in the new year. The Santa Claus rally refers …
U.S. stocks traded lower on Thursday, erasing most of their gains from their biggest rally in three weeks after a string of upbeat economic data and a warning from hedge fund titan David Tepper that he was “leaning short” against stocks and bonds on expectations the Federal Reserve and other central banks will continue to …
Dow drops nearly 500 points after strong data and bearish comments from David Tepper Read More »
For months, the bond market has issued multiple warnings that a US recession could be imminent, a view that many financial market participants have finally accepted. One is the 10-year minus 3-month treasury yield spread, which has been below zero since late October, but hasn’t been negative long enough to send a definitive statement about …
Investors, like children on Christmas Eve, expect Santa Claus to come down the chimney, walk to Wall Street and deliver the rewarding gift of a stock market rally. This year, however, investors might be better off betting on a lump of coal, rather than waiting for tangible stock market gains to emerge this holiday season, …
Why stock investors shouldn’t count on a “Santa Claus” rally this year Read More »
When Elon Musk tweets, people listen. The billionaire Tesla (TSLA) – Get a free report The CEO and recent owner of Twitter tends to shake things up whenever he lets his fingers do the talking. His takeover of Twitter has seemingly sparked endless controversy with mass layoffs, the reinstatement of former President Donald Trump’s account …
Tesla’s Musk makes a harsh prediction about a rival Read More »
