Tag Archives: Investor

The shares of the cash-rich special purpose acquisition company that seeks to merge with former President Donald J. Trump’s social media company surged on Thursday after Google said it would allow Trump Media & Technology Group’s flagship product to appear in its app store. The stock of that SPAC, Digital World Acquisition Corp., initially rose roughly 20 percent to just over $19 a share — the highest in nearly a month. Shares of Digital World have come under pressure because of… Source link

(Bloomberg) — Investors are flocking to cash and shunning almost every other asset class as they turn the most pessimistic since the global financial crisis, according to Bank of America Corp. strategists. Most Read from Bloomberg Cash had inflows of $30.3 billion, while global equity funds saw outflows of $7.8 billion in the week through Sept. 21, the bank said in a note, citing EPFR Global data. Bond funds lost $6.9 billion, while $400 million left gold, the data showed. Investor sentiment… Source link

After a hotter-than-expected inflation reading spooked investors on Tuesday, the Dow Jones industrial average sank over 1,200 points in the stock market’s worst showing since June 2020. That same day, Stanley Druckenmiller, one of Wall Street’s most respected minds, argued that the pain won’t be temporary—and that stocks face an entire decade of sideways trading as the global economy goes through a tectonic shift. “There’s a high probability in my mind that the market, at best, is… 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 Monday, August 1, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. This earnings season feels toxic: seemingly one word away from everything falling apart at any given time. And that underlying volatility, friends, is why it’s a terrible time right now… Source link

Keith Martin, 31, and his Bored Ape NFTPhil Rosen/Insider Keith Martin bought a Bored Ape NFT in May 2021 for around $1,700 — just as digital assets began to boom. It’s now worth almost 100 times that and he told Insider at the NFT.NYC conference he won’t sell any time soon. To Martin, the crypto bear market is not a concern, and he even quit his job to get into Web3. When Keith Martin bought his first Bored Ape Yacht Club non-fungible token in May last year, he paid less than $500 and seemed… Source link

The S&P 500 plunged into a bear market earlier this week for the first time since March 2020, sending many investors into a tizzy. According to one financial advisor, however, the sell-off could present a buying opportunity — particularly in bank and energy stocks and companies like Verizon. “I think any of those old-school value names right now are great to have in your portfolio,” Payne Capital Management President Ryan Payne said on Yahoo Finance Live (video above). “And don’t… Source link

(Bloomberg) — Mark Spitznagel is paid to be prepared for when the market’s weakest links are exposed in a big way. Most Read from Bloomberg Right now, the Universa Investments founder, whose fund aims to protect clients during black swan events, says the financial system is most vulnerable to “the greatest credit bubble of human history.” “If this credit bubble ever pops, it’s going to be the most catastrophic market failure that anyone has ever read about — but let’s hope that… 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 Thursday, June 2, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Fear and greed are universal to the human condition. And the fear and greed of the herd — a/k/a retail traders — is currently swinging far to the fear side. This may be good news, as the herd is often… Source link

If you managed to sleep through May or simply avoided your brokerage app, congratulations. You might be sitting on some gains despite the major averages punishing investors with gut-wrenching drops of up to 10% at the month’s lows. When the dust settled, the S&P 500 (^GSPC) finished fractionally higher while the Dow (^DJI) inched up just 13 points. The Nasdaq Composite (^IXIC) lost just over 2.1% in May. A six-day rally to close the month of May stemmed the hemorrhaging, but reality still… Source link

Bill Ackman is a billionaire investor and hedge fund manager.Elsa/Getty Images Markets aren’t confident that the Federal Reserve can tame record inflation, Bill Ackman tweeted Tuesday. He predicts that inflation can only come down if the Fed aggressively raises rates, or if stocks crash. “It ends when the Fed puts a line in the sand on inflation and says it will do ‘whatever it takes,'” Ackman said. Bill Ackman, the CEO and founder of Pershing Square Capital Management, said markets are facing a… Source link