The World Health Organization (WHO) says the risk of asymptomatic individuals spreading the virus to others is low. The U.S. stock market is in the middle of a historic recovery, and the positive data from the WHO may further fuel the confidence of investors. Billionaires are now showing signs of defeat, as Stanley Druckenmiller says …
The U.S. stock market is nearing its record high as retail investors show no signs of pulling back. Stocks bull Edward Yardeni says a V-Shape recovery is in the works. Investors are showing more confidence in stocks as the economy reopens. The U.S. stock market is nearing its all-time high as investors dismiss stark warnings …
Hertz stock doubled in during trading Friday. The recently bankrupt rental car company’s rally is a risky bet against Tesla. And it’s a sign of stock market froth. The Fed’s $3 trillion balance sheet expansion may have something to do with it. The stock market has continued to rally on expectations that the pandemic would …
Genius Brands was set to be delisted from the Nasdaq in August. It now has a new lease of life. On Robinhood, it is the most popular stock of the last month. Short interest in the stock has also inevitably increased. The stock of kids entertainment company Genius Brands International (NASDAQ: GNUS) is the flavor …
U.S. home prices extended their nine-year winning streak in April, rising 5.4% over previous-year levels. That streak is about to come to an end. CoreLogic analysts predict this key metric of housing market strength will fall 1.3% over the next 12 months. With millions of people likely to remain unemployed for months to come, house …
Stocks of zombie corporations are outperforming the S&P 500. A horde of companies too dead to feed their debts continues walking due solely to Federal Reserve bailout programs. This subverts the natural selection of capitalism and does not let the brave new world start clean. In the television series The Walking Dead, a virus creates …
The Dow, S&P 500, and Nasdaq are coming off one of their best weeks of 2020. JPMorgan says the rally won’t last heading into summer. Equity markets typically underperform during the summer, a phenomenon known as ‘selling in May and walking away.’ The Dow and broader U.S. stock market began their post-Memorial Day trading on …
The Dow has vastly underperformed the NASDAQ and S&P 500. For investors who believe a “new normal” is coming, the Dow is antiquated. If you think the economy will return to normal, the Dow’s underperformance suggests it’s time to pick value stocks. Over the past few weeks, the stock market has pulled off an impressive …
Oxford University’s coronavirus vaccine gets significant financial backing and promises possible September vaccine delivery. China and Canada teamed up on the first human testing of a vaccine, and initial results are positive. Moderna’s recent vaccination tests were small in number but sent the stock market soaring. In the race to find a COVID-19 vaccine, hope …
Many lost jobs in the U.S. are unlikely to recover due to disruptions in supply chains and consumer demand. A study from the University of Chicago suggests that even a vaccine may not aid economic recovery. Nobel laureate Joseph Stiglitz predicts double-digit unemployment until 2022. When the U.S. recovers from the coronavirus pandemic and reopens …