Growling Powell causes Goldman to cut its S&P 500 price target. Again.

Growling Powell causes Goldman to cut its S&P 500 price target.  Again.

During the height of the bull market – which, boy, seems so long ago – the call-option crazy punters inhabiting the Wallstreetbets channel had a favorite meme to explain why stocks would keep going higher. “Money Printer Go Brrr” featured a Rambo-esque Jay Powell, chair of the Federal Reserve, determinedly firing out greenbacks to whoever … Read more

Jeffrey Gundlach says bonds are ‘wickedly cheap’ compared to stocks — and offers one way to get a 9% return without much risk

Jeffrey Gundlach says bonds are ‘wickedly cheap’ compared to stocks — and offers one way to get a 9% return without much risk

You can forgive Jeffrey Gundlach, a long-suffering Buffalo Bills fan, if he has the NFL on his mind now that the team he supports looks like the Super Bowl favorite. The chief executive of DoubleLine Capital says he recalls an ad for Crown Royal whisky, in which a referee tells drinkers to take a water … Read more

September sadness could explain why stocks are being hit hard this month

September sadness could explain why stocks are being hit hard this month

September appears to be the worst month for Seasonal Affective Disorder, which may be the missing link for why the month is so bad for the stock market. Seasonal Affective Disorder, or SAD, is a depressive mood disorder related to the change of seasons. While most of us have heard of SAD, few associate it … Read more

Meet the 30-year-old on the verge of selling his company to Adobe for $20B

Meet the 30-year-old on the verge of selling his company to Adobe for B

Almost overnight, this 30-year-old has become the tech world’s newest titan — and is poised to become one of the world’s youngest billionaires. Dylan Field, the co-founder and CEO of San Francisco-based Figma, is on the cusp of an epic windfall after Adobe ADBE, -3.12% announced plans to acquire his company for $20 billion this … 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

AMTD Digital stock more than triples on no news, and has been halted 11 times for volatility

AMTD Digital stock more than triples on no news, and has been halted 11 times for volatility

Shares of AMTD Digital Inc. HKD, +311.78% blasted 241.4% higher in very volatile afternoon trading Wednesday, putting them on track to snap an eight-day losing streak, even as the Hong Kong-based didn’t release any news. The stock has been halted 11 times for volatility since Wednesday’s open, as trading volume swelled to about 892,800 shares, … 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

Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?

Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?

Apple Inc.’s coming iPhone 14 lineup might not bring too many new features, but there could be one big change in store. After holding steady on iPhone prices a year ago, some analysts expect that Apple AAPL, -1.36% will increase the price of its iPhone 14 Pro models this year amid camera, chip, and design … Read more

US gains 315,000 jobs in August. Labor market still strong but shows sign of cooling.

US gains 315,000 jobs in August.  Labor market still strong but shows sign of cooling.

The numbers: The US added a robust 315,000 new jobs in August, showing that businesses still have a big appetite for labor even as the economy slows and worries about a recession grow. The increase in hiring basically matched Wall Street estimates. Economists polled by The Wall Street Journal had forecast 318,000 new jobs. The … 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