Jeremy Grantham Warns of a 17% Plunge in the S&P 500 This Year
Range of problems larger than it usually is, strategist says He doesn’t rule out a ‘brutal decline’ to 2,000 for S&P 500 The popping of the bubble in US stocks is far from over and investors shouldn’t get too excited about a strong start to the year for the...
Opinion: This perfect storm of megathreats is even more dangerous than the 1970s or the 1930s, Roubini says
The view from Davos: We can expect more instability, higher risks, more intense conflict, and more frequent environmental disasters. DAVOS, Switzerland (Project Syndicate)—A host of interconnected “megathreats” is imperiling our future. While some of these have been...
Jim Grant Warns “Japan Is Perhaps The Most Important Risk In The World”
Authored by Christoph Gisiger via TheMarket.ch, Speculation is mounting that the Bank of Japan is losing control of the bond market. Jim Grant, editor of «Grant’s Interest Rate Observer», believes this could trigger a shock to the global financial system. He also...
US Banks See Consumers Piling On Debt, Boosting Bottom Lines
Card balances rose in the fourth quarter, and so did bad loans Investors shake off lower-than-expected forecasts for lending US banks see tougher times ahead for consumers. That may not be so bad for the banks. But with many still keeping up, the swelling loan...
US Consumer Borrowing Tops Forecast on Higher Credit-Card Balances
US consumer borrowing climbed in November by more than forecast as credit-card balances increased by the most in three months. Total credit rose $28 billion from the prior month, Federal Reserve figures showed Monday. The median forecast in a Bloomberg survey of...
More Americans Tap Credit Cards for Everyday Expenses
Census data shows that households are struggling to cover bills as pandemic savings run out. The number of Americans relying on credit cards to cover daily expenses jumped in December as households battered by inflation find their regular income is no longer enough to...
Wall Street’s Top Bear Sees Another Big Down Year for S&P 500
Kantrowitz at Piper Sandler forecasts a 16% decline in 2023 Back-to-back double-digit annual losses are rare in S&P’s book Equity investors hoping for a reprieve in the new year after a brutal 2022 are likely to be disappointed, according to Michael Kantrowitz at...
This Contrarian Stock Market Signal Is Losing Predictive Power
Put/call ratio spikes not a ‘buy’ signal for stocks anymore Picture is being blurred by large market players, CBOE says A long-watched indicator of which way the stock market is likely to move next has lost predictive power lately, confounding investors who have come...
New Hedge Fund Soars 163% Betting Everything Is Going Down
Eagle’s View Capital launched fund to catch market downturn Fund is betting on continued bear market, BOJ tightening A veteran trader’s well-timed bet on the end of easy money has achieved triple-digit returns in his new hedge fund’s first full year. After running...
Hedge Fund Losses Hasten Tiger Global’s VC Transformation
Tiger Global Management started out as a traditional stock-picking hedge fund that dabbled in venture investments. Now, after a tumultuous 2022, its startup bets vastly outstrip equities. That transformation helped the money manager weather its worst year ever, as...
Wall Street’s Top Stars Got Blindsided by 2022 Market Collapse
The year began with faith that inflation would fade and the Fed would hold rates low. Then came a brutal reckoning.Marko Kolanovic and John Stoltzfus, two of the loudest stock bulls on all of Wall Street, were convinced of one thing at the outset of 2022: The Federal...
Financials say “Buy Investview” Shares
Investview’s share price has been obliterated due to the company having a significant bitcoin mining operation. The shares price is reflecting that the Investview is a bankruptcy candidate. The chart below depicts the share prices of the five largest publicly...
Valuation Math Suggests Difficult Markets In 2023
In 2023, the math of valuations suggests returns will likely be challenging as markets remain difficult to navigate. Estimating price targets for the next full trading year is an exercise in futility. Too many variables, from politics to economics to monetary and...
Three experts predicting S&P 500 to decline by 45.5 to 77.4 PERCENT
Market experts Michael Markowski, Jim Chanos and Nouriel Roubini have predicted that the S&P 500 will decline by 45.5 to 77.4 percent from its January 4, 2022 all-time high of 4818.62. At its low for 2022 (3491.58, 10/13/22) the S&P 500 had declined by as...
Markowski’s Latest, “S&P 500 to Decline by 77.36 Percent from January 2022 Peak” ⎯ Bottom at 1090.90
Michael Markowski, the developer of algorithms that have forecasted the S&P 500’s significant crashes for over a decade, has updated his forecast for the S&P 500’s bottom. His new forecast is for the S&P 500 to bottom at 1090.90. At this bottom, which...
Why this Wall Street bear says it’s time to sell stocks again
One of the market's biggest skeptics is going back to his old ways. Morgan Stanley strategist Mike Wilson cautioned that the rally that has enveloped markets in recent weeks is long in the tooth and overdue for a breather. "As predicted, falling interest rates at the...
Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets
(Bloomberg) — Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered. A further Bitcoin plunge of about 70% to $5,000 next year is among the “surprise” scenarios that markets may be...
Wall Street’s top strategist Mike Wilson predicts a double-digit percentage drop to hit stocks in early 2023
Morgan Stanley chief investment officer Mike Wilson was once the only strategist on Wall Street bearish enough to predict the S&P 500 would fall to 3,900 by the end of the year. Now as the S&P 500 lingers around 3,950 and Wilson’s predictions become a reality,...
Goldman strategists say stocks are yet to reflect recession risk
Stock markets are in for a wild ride next year as they don’t yet reflect the risk of a U.S. recession, according to strategists at Goldman Sachs Group Inc. and Deutsche Bank. The team including Christian Mueller-Glissmann and Cecilia Mariotti said their model implies...
Short seller Jim Chanos blasts crypto, warns the S&P 500 may plunge 55%, and predicts Tesla’s growth will slow in a new interview. Here are the 10 best quotes.
Jim Chanos tore into crypto after Sam Bankman-Fried's FTX exchange imploded. The short seller compared the crypto crash to the dot-com bubble bursting. Chanos expects the S&P 500 to plunge, Tesla's growth to slow, and Twitter to distract Elon Musk. Jim Chanos has...