Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history

Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history

““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.”” —Jeremy Siegel Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell. The longtime market … Read more

Why stock-market bears are eyeing June lows after S&P 500 falls back below 3,900

Why stock-market bears are eyeing June lows after S&P 500 falls back below 3,900

Goodbye, summer bounce. The S&P 500 finished Friday below a crucial chart support level that’s served as a battleground in recent years, leading technical analysts to warn of a potential test of the stock market’s June lows. “Over the last three years, the level on the [S&P 500] with the most amount of volume traded … Read more

US stocks gain ground as investors await August inflation reading

US stocks gain ground as investors await August inflation reading

US stocks rose early Monday, on track for a fourth consecutive day of gains, as traders look ahead to inflation data later in the week. How are stocks trading The Dow Jones Industrial Average DJIA, +0.85% rose 127 points, gold 0.4%, to 32,278. The S&P 500 SPX, +0.96% was up 25 points, or 0.6%, at … Read more

‘Don’t be a hero’ — Cramer says unprofitable stocks may have even more room to fall

‘Don’t be a hero’ — Cramer says unprofitable stocks may have even more room to fall

Investors should continue to shun money-losing companies, CNBC’s Jim Cramer said Thursday, contending the turbulence that dominated earlier this year has returned with vigor. “It’s an unforgiving time. We’re back to the dynamic that defined January through mid-June,” the “Mad Money” host said. “So don’t be a hero right now, because there’s no telling how … Read more

The Fed isn’t pivoting. Why were stock investors the last to know?

The Fed isn’t pivoting.  Why were stock investors the last to know?

After Friday’s brutal session for stocks, it appears equities were the last asset class to accept the notion that the Federal Reserve likely won’t be pivoting to a less aggressive monetary policy stance soon. Judging solely by movements in yields and exchange rates, it seems like bonds, gold and the dollar all days ago started … Read more

Stocks may be headed for another selloff according to RBC’s ‘hedge fund hot dogs’ basket

Stocks may be headed for another selloff according to RBC’s ‘hedge fund hot dogs’ basket

A group of the most popular stocks owned by the world’s largest hedge funds are starting to underperform the broader market once again. According to a team of analysts at RBC Capital Markets, this is a sign that US stocks could be headed for another blowup. For several years now, a team of equity analysts … Read more

Bill Ackman says fast-food chains are an inflationary shield. Here’s two he likes, and one he just sold.

Bill Ackman says fast-food chains are an inflationary shield.  Here’s two he likes, and one he just sold.

A cautious session is ahead for Tuesday, following the worst smackdown since June for major indexes. That’s as an increasing number of investors see the Fed pivoting from rate hikes to be a tall order in the face of stubbornly high inflation and a global growth mess. We’ll find out Friday when Fed Chairman Jerome … Read more

How to position as bull market beckons

How to position as bull market beckons

Asset manager Dan Veru believes US stocks could go through a sustained dip, before embarking on a “powerful rally” by the end of the year. A broad-based rally in US stocks in July had raised hopes of a sustained rebound for equity markets. Speaking on CNBC “Squawk Box Europe” ahead of the start of Monday’s … Read more

Why China-Taiwan tensions moved to the forefront of financial market worries

Why China-Taiwan tensions moved to the forefront of financial market worries

It’s an island off the coast of China, with a land area comparable to Maryland and Delaware combined. Its population is about 1 million higher than that of Florida. Often overlooked in world headlines, Taiwan is grabbing the financial market’s attention as the biggest macro risk of the day, prompting many traders and investors to … Read more

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

Investors worried about the next pullback for stocks might want to pause and consider this: the decline in equity valuations since the start of the year already has exceeded the average pullback of other recessionary periods since the early 1990s, according to JPMorgan Chase & Co.’ s equity as to Marko Kolanovic. While more Wall … Read more