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(Bloomberg) — Dennis Gartman is telling prospective dip buyers to sell any rallies in US stocks during a bear market that he dates to the start of the year, and expects to last for many months. Most Read from Bloomberg “The bear market started January 5,” the chairman of the University of Akron Endowment told Bloomberg Radio on Monday, referring to a day after the S&P 500 hit an intraday record. “People have to understand that fact, and adjust their trading perspectives and investment… Source link

The Federal Reserve reported financial well-being last year reached the highest levels since at least 2013, underscoring the impact of economic stimulus that also led, in part, to high inflation. About 78% of the roughly 11,000 households surveyed by the Fed reported either “doing okay” financially or “living comfortably,” the highest level seen since the Fed began the survey in 2013. The report noted that household strength was particularly high among parents, due in part to the 2021… Source link

It should be the Boston Celtics’ turn on Monday night. The Miami Heat won and covered in Game 1, the Celtics came back and won and covered easily in Game 2, and then the Heat pulled a big upset in Game 3, winning straight up as a 6.5-point underdog. The Celtics are again 6.5-point favorites for Game 4 in what becomes a critical game for them. Boston is capable of coming back from 3-1 deficit in the Eastern Conference finals, with two games remaining in Miami, but that’s a road they’d rather… Source link

Regular investors have a lot of questions about the stock market’s recent plunge. They want to know whether they should take advantage of the recent pullback (the S&P 500 is down 20% year to date), wait for a better opportunity or sell out entirely. It’s a natural question to ask. So MoneyWise chatted with fund manager and regular CNBC contributor Michael Farr to pick his investment brain about what to do in the current market. His advice is simple: don’t try to time it. “Market timing… Source link

TV: ABC, 8:30 p.m. ET BetMGM line: Celtics -6.5 At first glance Saturday, it looked like we were in store for a third straight blowout in the Eastern Conference finals. Though the Celtics eventually climbed out of a 26-point hole, the Miami Heat held on to take a 2-1 series lead over Boston headed into Monday’s Game 4 at TD Garden. A win there is critical for the Celtics, otherwise they’ll have to travel to Miami and try to battle out of a 3-1 deficit in order to keep their Finals hopes… Source link

U.S. stock futures rose Monday morning, with equities coming off a seven-week losing streak on more solid footing as investors shook off some recent volatility and digested fresh trade-related remarks from the Biden administration. Contracts on the S&P 500 gained more than 1% in early trading. The index had closed out Friday’s session flat on the day but down 18.7% from its Jan. 5 record closing high to come within striking distance of a bear market, defined once an index closes at least 20%… Source link

When investing legend George Soros makes a move, the market takes notice. And he has definitely made some eye-opening moves of late. According to the latest 13F filing from Soros Fund Management, the billionaire financier’s family office sold 3,680 shares of Amazon (AMZN) in Q1 of 2022, reducing his stake in the e-commerce giant by 5%. At the same time, the fund slashed its positions in food service company Aramark (ARMK) by 33%. But Soros also made several purchases during the quarter —… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Monday, May 23, 2022 I remember very little from my life before the age of 10. However, I vividly recall hurling a rock at some kid’s back in the fifth grade, which I did for no other reason than I had a knack… Source link

I have never seen an injury report like this. We have nine rotation players on this injury report, and we only have one game to break down. It’s a big one, though, with Miami up 2-1 in this best-of-seven series. Game 3 was an impressive road win from Miami, and they could put the pressure on Boston if they could grab a Game 4 victory to take a 3-1 series lead! Create the optimal lineup using our NBA DFS lineup optimizer >> Injury Report Find the best fantasy matchups each day… Source link

(Bloomberg) — Broadcom Inc. is in talks to acquire cloud-computing company VMware Inc., according to people familiar with the matter, setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of software. Most Read from Bloomberg The discussions are ongoing and there’s no guarantee they will lead to a purchase, said the people, who asked not to be identified because the matter isn’t public. VMware currently has a market valuation of about $40… Source link