1) Very few people are talking about the number of large hedge funds that are currently closing. In late September, I read that 6 or 7 hedge funds were shutting down on October 1, and we saw indiscriminate selling during the first few weeks of October. Since most hedge funds allow for redemptions on a quarterly basis, we are likely to see another large exodus at the beginning of 2019.
The Dow lost 4.5%, the S&P 500 dropped 4.6%, and the Nasdaq dropped 4.9%. “We think that this week’s turbulence provides a reasonable guide to the trends to watch for in markets next year,” said Oliver Jones, markets economist at Capital Economics. As of Friday’s close, the S&P 500 was off 1.5% for the year, while Treasury yields are still up sharply from where they began the year, with the 10-year finishing the week at 2.845% after starting 2018 at around 2.45%.
As I speak to the traders and brokers I work with, I keep hearing the same thing: No one, and I mean NO ONE, believes this selloff. The market is tanking, but it's orderly. No one in the surface world has seen a lot of sell orders from their clients
For many millennials, the idea of homeownership is still a big picture dream, with a new study saying 89 percent plan to purchase a home in the future — but simply can't because of student debt. According to a recent study released by Apartment List , 6,400 millennial renters nationwide were surveyed in regards to their plan for owning a home. One of the leading reasons, according to Apartment List, is because of the staggering amount of student loan debt many millennials carry.
“The Coming Collapse of China” author Gordon Chang says China's government supported the business practices of Huawei Technologies.
Most people think they’re above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.
Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each Friday that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. recently was downgraded to Sell with a D rating by TheStreet's Quant Ratings.
In fact, according to data provided by the National Association of Realtors, he points out inventory has more than doubled from a year ago. Richter says the red bars signal “bubble trouble” in the housing market. “They see the prices and they do the math with higher mortgage rates, and they walk,” Richter said.
Close that Yahoo Finance Dow Jones Industrial Average chart (^DJI) for a second and pull up one of the financials if you want a good scare on the economy. The Dow plunged 1,150 points last week amid concerns over an inverted yield curve (it usually predicts a recession), mixed messages on President Donald Trump’s trade deal at the G20, an expected Fed rate increase, and ongoing fears on Apple’s outlook. Financials (XLF) were the worst-performing sector in the S&P 500 (^GSPC) last week, and some major bank stocks got crushed.
Lowe’s Companies said Monday that it will close 51 underperforming stores and other locations, including 20 stores in the U.S., as part of its plan to focus on its most profitable stores. The stores being closed in the U.S. are located across 13 states
I’m a big fan of “Shark Tank,” the CNBC show where successful entrepreneurs listen to young hopefuls pitch the next big thing — and maybe buy a piece of the action. Of course I would be. As an entrepreneur myself I totally get where they’re coming from
An investment in a venture capital fund that bought into Uber Technologies Inc. has proved to be a lifeline for the disgraced cyclist. Armstrong in 2009 invested $100,000 in Chris Sacca’s newly started Lowercase Capital, CNBC reported.
White House National Trade Council director speaks out on 'Sunday Morning Futures' on the chief of staff shakeup and trade fears rattling U.S. stock market.
In its first move since Meng Wanzhou was arrested Dec. 1, Chinese Vice Foreign Minister Le Yucheng summoned Canadian ambassador to China John McCallum to urge the immediate release of Huawei’s chief financial officer, the foreign affairs ministry said in a statement Saturday. The move ignored the law, and Canada should be held accountable if Meng was not immediately released, Le said in the statement. Meng’s arrest, on allegations that she committed fraud to sidestep sanctions against Iran, has become a flash-point in trade tensions between the U.S. and China, roiling markets.
The new tax law has put a whole new spin on year-end tax planning, though it hasn't eliminated the need to do it altogether. "The tricks we had in our back pocket have been taken away in the name of simplification," said Nathan Smith, a director in the national tax office of CBIZ MHM in Tampa. Now, an individual will need total itemized deductions to exceed $12,000, the new standard deduction for individual taxpayers, up from $6,350.
Get ready for a wild 2019 for tech stocks and the FAANG names in particular. Last year, he accurately predicted that Amazon would choose the Washington, DC area for one of its HQ2 locations, arguing that would clearly be the choice of CEO Jeff Bezos, who has a house nearby and owns the Washington Post. On Monday, Galloway made roughly 19 predictions and recommendations about the tech industry in 2019, although not all of them were about tech stocks specifically.
High-quality dividend growth stocks, including the Dividend Aristocrats , have obvious appeal. Income investors such as retirees who desire higher levels of investment income for their portfolios should consider the list of Dividend Aristocrats. The Dividend Aristocrats represent the cream of the crop of dividend growth stocks, as they have increased their dividends for at least 25 consecutive years or longer.
Mark Cuban once drove around a real hunk of junk — seriously. The billionaire Dallas Mavericks owner says the best pieces of investing advice he got when young was to be as poor as possible first. The “Shark Tank” star these days doles out a lot of advice to young entrepreneurs on CNBC but he says it doesn’t take a million-dollar idea to become rich.
Nine years in, the bloom is decidedly off the rose for U.S. stock investors While experts disagree whether we’re in a bear market, volatility is definitely back in a big way. Stock indexes have fallen by hundreds of points, recovered, then fallen
This weekend's Barron's cover story takes a look how subscriptions are changing corporate America. Other featured articles examine what a subscription model could mean for the iPhone maker and what to expect as Dell comes public again. Also, bargains
Naming a trust as a beneficiary of your retirement account can help protect heirs who are minors, disabled or vulnerable to creditors. Failing to correctly structure your trust could accelerate the liquidation of your IRA, resulting in a massive taxable distribution. Remember: Trusts only need $12,500 of taxable income in 2018 ($12,750 in 2019) in order to be subject to the top tax rate of 37 percent.
Wall Street's sour mood after its latest tumble could stretch into the New Year, says Bank of America technical strategist Paul Ciana. "Going back long term, the dollar versus the S&P as a ratio has a few significant bottoms that end up leading to a period where the dollar severely outperformed the S&P 500," Ciana said on CNBC's " Futures Now " on Thursday. It was a similar setup in 2008 and 2014-15, said Ciana, BofA's chief global fixed income technical strategist.
Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah
The U.S. Geological Survey has revised the technically recoverable reserves in the Wolfcamp Basin, in the Permian shale play, to 46.3 billion barrels of crude and 281 trillion cu ft of natural gas. It’s worth noting, however, the new estimate also includes the Bone Spring formation that makes up part of the Delaware Basin in the Permian. This is the first time this formation is included in the USGS oil and gas reserves assessment.
The outlook was decidedly bullish for U.S. stocks and developing-nation assets 12 months ago, with both forecast to build upon a stellar 2017. The beaten-down greenback wasn’t expected to fare any better in 2018, as a rosy international growth outlook threatened to lure investors away from American markets. Not much has gone according to plan, but DWS, Cantor Fitzgerald and Morgan Stanley were among the few who bet against the trend and got it right.