Why the next 10% move in the stock market might be down

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.

We just got a look into the future for investors

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%.

A new study shows 89 percent of millennials want to be homeowners—but this keeps them back

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.

Huawei became a force by stealing Cisco’s technology: Gordon Chang

“The Coming Collapse of China” author Gordon Chang says China's government supported the business practices of Huawei Technologies.

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  U.S. accuses Huawei CFO of Iran sanctions cover-up; hearing adjourned to Monday

  Reuters
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  China urges Canada to free Huawei CFO or face consequences

  Reuters

Here’s what smart rich people really do with their nest egg

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.

3 charts suggest housing ‘bubble trouble’ with a tech meltdown ‘yet to come’

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.

This chart is scarier than the Dow plunging 1,150 points last week

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.

These Lowe’s stores are closing in the next three months

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

Kevin O’Leary is right about cars, and his logic can save your retirement

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

White House's Peter Navarro on John Kelly, stock market drop

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.

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  White House Shake-up, Again

  Yahoo View
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  With new chief of staff, Trump tries again to reset White House

  Reuters

7 year-end tax tips to boost your refund

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.

Mark Cuban says the best investing advice he got when young was to be as poor as possible first

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.

How the rich get richer in every type of stock market

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

Suze Orman has a killer question for your retirement

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

Contrarians Made the Right Market Calls in 2018. Here's What They're Saying Now

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.