Economic challenges abound, and equities will rally. It’s a seemingly paradoxical view, but one espoused by one of the biggest players in the market. Scott Minerd thinks stocks have bottomed, and will rally from here. Minerd is chief investment officer at Guggenheim Partners, helping oversee the firm’s $255 billion in assets. He told Yahoo Finance Live that stocks can rise at least 10% from current levels going into next year. “There’s an old saying that markets climb a wall of worry…. Source link
Read More »Futures, Stocks Fall With Bonds on Inflation Worry: Markets Wrap
(Bloomberg) — U.S. futures fell with stocks as surging energy prices stoked inflationary pressures ahead of a key U.S. employment report. Treasury yields extended an advance. Most Read from Bloomberg S&P 500 and Nasdaq 100 contracts declined, with tech giants such as Apple Inc. and Facebook Inc. down in premarket trading. European equities slid to a two-month low, with natural gas prices soaring even as the European Union pledged swift action to ensure the spiking costs don’t stifle the… Source link
Read More »Down Sharply as Investors Climb the ‘Wall of Worry’
The major U.S. stock index futures are trading sharply lower early Monday following last week’s dismal performance. The sell-off looks like investor liquidation with a slew of reasons likely fueling the move. Investors are definitely climbing the wall of worry ahead of the two-day Fed meeting on Tuesday and Wednesday. However, there are other factors weighing on the trade including China, supply chain issues, debt ceiling negotiations and the infrastructure/tax bill to name a few. Investors… Source link
Read More »2 things to cheer in August’s jobs letdown — and one big worry: Morning Brief
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 Tuesday, September 7, 2021 With unemployment down and pay up, Delta variant is clearly ‘scaring off customers’ The usual summer doldrums — and one particularly implacable virus — clearly took its toll on U.S. job creation last month. The market’s most closely watched high-frequency data series was an unmitigated letdown in August, with new… Source link
Read More »North Koreans worry over ’emaciated’ Kim Jong Un, state media says
SEOUL (Reuters) – Everyone in North Korea is heartbroken over leader Kim Jong Un’s apparent weight loss, said an unidentified resident of Pyongyang quoted on the country’s tightly controlled state media, after watching recent video footage of Kim. The rare public comment on Kim’s health come after foreign analysts noted in early June that the autocratic leader, who is believed to be 37, appeared to have lost a noticeable amount of weight. “Seeing respected general secretary (Kim… Source link
Read More »Google Is Eliminating Cookies, But Investors in The Trade Desk and Magnite Shouldn’t Worry
Early last week, Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google made an announcement that stunned the digital advertising world. The company said that it was planning to eliminate ad-tracking cookies (something that’s been in the works for more than a year), but it then went even further. In a blog post on Google’s website, product management head David Temkin said, “Today, we’re making explicit that once third-party cookies are phased out,… Source link
Read More »Here’s What Google Should Worry About Now That Most States Are Suing It
PARIS, FRANCE – DECEMBER 14: In this photo illustration, the Google logo is displayed on the screen … [+] of a computer on December 14, 2020 in Paris, France. A global bug has affected Google services since midday. An unprecedented incident: most Google services, including YouTube and Gmail messaging, experienced a major global outage on Monday, December 14 at midday. Google indicated on its dashboard accessible online that all its services were affected, and this for… Source link
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