Lowest since November 2011 on rising inflation, low confidence in government The University of Michigan Consumer Sentiment Index (MCSI) ended January 2022 down by 4.8% from its level in December 2021, according to final results released on Jan. 28, 2022. This also...

It’s not just buybacks that emerge seemingly out of nowhere (technically, the tend to emerge out of select VWAP desks) to help lift stocks higher: month end is notorious for pension and mutual fund rebalancing flows, and in a month when stocks tumbled far more than...

WASHINGTON, Jan 28 (Reuters) - U.S. consumer spending fell in December, suggesting the economy lost speed heading into the new year amid snarled supply chains and raging COVID-19 infections, while annual inflation increased at a pace last seen in the early 1980s. The...

Jeremy Grantham recently made headlines with his latest market outlook titled “Let The Wild Rumpus Begin.” The crux of the article gets summed up in the following paragraph. “All 2-sigma equity bubbles in developed countries have broken back to trend. But before they...

A trader takes orders in the Standard & Poor’s 500 stock index options pit at the Chicago Board Options Exchange. (Getty Images)The most popular way to measure value in the stock market is to take the price and divide it by earnings. This is the price/earnings...

It was several years ago when Jeremy Grantham quietly turned from stock bull to vocal permabear, and while his market notes turned breathlessly alarmist (if only to those who were long his multi-billion fund GMO), such as this from June 2020 "Stock-market legend who...

Seeks to raise up to $3 billion for Private Capital fund Asset manager initially sought to raise as much as $12 billion BlackRock Inc. is making a new push to raise money for its long-term private equity fund after initially struggling to attract investors. The...

The University of Michigan Consumer Sentiment Index (MCSI) has recorded a dip of 2.5% in early January 2022 from its level in December 2021, according to preliminary results released on Jan. 14, 2022. The MCSI now stands at its second-lowest level in a decade, the low...

Passive ETFs are hiding a bear market in stocks. That may sound like a strange statement when you look at major stock market indexes hovering near all-time highs. However, much like an iceberg, what we see on the surface hides much of what lies beneath. Such was a...

The mystery of why the stock market behaved differently when compared to other major crises which had previously occurred has been solved.  The US’s major market indices surprised the majority of all investors when they reached new highs in 2020 instead of continuing...

The Fed just unleashed a big, hawkish signal to markets. Photographer: Samuel Corum/BloombergA reminder of hawkish intent before post-New Year’s exuberance went too far isn’t all bad.New Minutes for a New Year 2022 has received one last kick from 2021, and traders in...

“Wipe Out” is an appropriate description of what is happening beneath the calm surface of the bull market. As we head into the end of the year, many are hoping for “Santa to visit Broad and Wall.” However, those hopes are not just about adding to this year’s already...

(Bloomberg) -- U.S. equities investors, having enjoyed a lengthy run of rich valuations during the course of the pandemic, need to pull back, especially from growth stocks as the Federal Reserve begins to tighten monetary policy, according to Dennis Gartman,...

Most investors will enter this week confused after battling through another topsy-turvy trading week.  Bitcoin nosedived at its worst by 20% over the weekend (more on that below). Last week, the S&P 500 saw five straight losses of at least 1% at one point each...

Stock slumps 15% to June 2020 lows amid growth worries  Analysts still upbeat on its enterprise business prospects Zoom Video Communications Inc., the poster child of the so-called “pandemic winners” basket, is losing more of its luster. The video conferencing company...

Fundamentally speaking, there are more than a few indications that 2022 earnings estimates are still overly exuberant. However, the bullish optimism currently supports rising stock prices. Such was a point I touched on in this past weekend’s newsletter: “Overall, 56%...

Sees them as outperforming in an era of higher interest rates  Cryptocurrency markets’ ‘resiliency has been extraordinary’ Ryan Jacob, a veteran of the dot-com boom-and-bust era who has worked his way back to the upper reaches of the fund-performance heap, isn’t...

Morgan Stanley’s Chief Investment Officer Mike Wilson says investors should always be positioned for a market correction of 10%, but warned that investors may not be ready for a harsher correction that could be coming soon. “You should always be expecting a 10%...

Nasdaq Inc. formed a joint venture with Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to establish a trading venue for shares of closely held companies. Nasdaq Private Market will be added to the new standalone company, which will also get strategic...

Bubbles are evident and only get acknowledged after they pop. Such is because, during the inflation phase of the market bubble, investors rationalize why “this time is different.”  We have seen many examples of this rationalization over the last couple of years. Such...