Tag Archives: Headed

[unable to retrieve full-text content]Jamie Dimon is worried the US economy is headed back to the 1970s  Yahoo Finance Source link

Florida seems to be a state that people are always flocking to and never leaving, with its temperate weather, great beaches and lots of excellent attractions. However, even Florida is feeling the results of market forces, which are increasing mortgage rates, driving up home prices, and thus driving out people. In fact, the Florida cities on this list are showing alarming signs that could be pointing toward a housing crisis. Holiday Spending: Get Top Holiday Shopping and Savings TipsRead: Source link

In October 2006, Nouriel Roubini predicted that a housing crash in the U.S. could trigger a recession and “hard landing” around the world. The economist, known as “Dr. Doom,” continued to warn of impending worldwide threats during the following decade and a half. In an interview with Yahoo Finance’s editor-in-chief on Monday for the All Markets Summit, Roubini outlined imminent risks around the globe that he also details in his new book, “MegaThreats: Ten Dangerous Trends That Imperil Our… Source link

The Nasdaq 100 (^NDX) shed 5.7% this week alone. The S&P 500 shed 4.7% over the last five days, following a hotter than expected inflation print coupled with grim warnings from package carrier bell FedEx (FDX). In continuation of our series, “What to do in a bear market,” Yahoo Finance asked the experts if the markets are headed lower from here. The Nasdaq (^IXIC) got hit particularly hard this week. What’s next for the tech heavy index? The Nasdaq Composite took out last week’s low of… Source link

The overwhelming majority of corporate executives are bracing for a recession, according to a new survey. Nearly all 70 business leaders surveyed by Stifel Financial believe the U.S. economy is either already in a recession (18%) or will face one within the next 18 months (79%). Only 3% think one will be avoided entirely. “We’ve been hearing it consistently,” said Michael Kollender, head of consumer, retail, and diversified industrials investment banking at Stifel. “They believe that we are… Source link

In the stew of disappointment following the Dallas Cowboys‘ first-round playoff loss, it wasn’t hard to catch the subtle message of change weaved into the words of team owner Jerry Jones. Postseason flop aside, Jones and his son Stephen have been staring at reality for far longer. Something with ramifications for 2022 and beyond. The Cowboys have solid talent heading for free agency, and not nearly enough salary cap space to put up much of a fight for it. They’re also bracing to lose one… Source link

The renewed vigor in oil prices of late is only just the beginning, contends veteran industry analyst Phillip Streible of Blue Line Futures.  Streible thinks oil prices are at risk of hitting $60 in the near-term due to an Omicron-related demand slowdown. But that will likely prove to be a buying opportunity in front of a “long-term” rally in 2022.  “We are going to see the demand picture continue to pick up going into the [summer] driving season. Hopefully we can get this pandemic behind… Source link

Ignore a more hawkish Federal Reserve at your own peril, warns RBC Capital Markets head of U.S. equity strategy Lori Calvasina.  “They [our strategists] think the market is too sanguine. They think people are underestimating the number of hikes in 2023 and how high the Fed could ultimately go,” said Calvasina on Yahoo Finance Live.  The markets have rallied back to within all-time highs this week as traders push aside a shift in the tone by Federal Reserve chief Jerome Powell just one week… Source link

The newest Yahoo Finance Company of the Year award winner Microsoft may not be done enriching shareholders, contends bull Dan Ives of Wedbush.  “I think they clearly can hit,” said the widely followed tech analyst on whether Microsoft will hit a $3 trillion market cap in early 2022. Ives rates Microsoft shares at Outperform with a $345 12-month price target.  Microsoft’s stock presently trades at $322 a share. At a market value of $2.42 trillion, Microsoft is only 23% shy of reaching the $3… Source link

Kiyosaki: The U.S. stock market is headed for ‘giant crash’ followed by a new depression — here are the only 3 assets he likes as protection Expert predictions for a U.S. stock market correction are common these days. But thanks to high inflation rates, Rich Dad Poor Dad author Robert Kiyosaki is calling for something much worse. “Inflation rips off the poor. Inflation makes rich richer,” he tweeted last week. “Prepare: Giant crash then new depression.” It’s not the first time… Source link