Michael Hartnett, a strategist at the Bank of America, is warning investors that the current market rally may not last long and could be followed by a large decline. The S&P 500 has risen by over 15 percent year-to-date as of June 16. Recently, the index rose 20 percent above its low hit on Oct….
‘Big Rally’ Before ‘Big Collapse’: BofA Strategist Does Not See a Bull Market
Stock Market Today: Wall Street Drifts Higher, Marking 4th Winning Week for S&P 500
NEW YORK—Stocks inched higher Friday to close out a listless week for Wall Street, as investors wait for next week’s slate of potentially market-moving updates. The S&P 500 rose 4.93, or 0.1 percent, to 4,298.86 to cap its fourth straight winning week. The Dow Jones Industrial Average added 43.17, or 0.1 percent, to 33,876.78, and…
Stock Market Today: Wall Street Inches Higher Toward Edge of Bull Market
NEW YORK—U.S. stocks drifted higher Tuesday amid a vacuum of market-moving data, nudging Wall Street closer to the edge of what’s called a bull market. The S&P 500 rose 10.06 points, or 0.2 percent, to 4,283.85. It’s just 0.2 percent away from finishing a day 20 percent above where it was in mid-October, as a…
Is 2023 Finally Gold’s Year?
Commentary After a tumultuous several months, gold prices have enjoyed a decent run up in Q4 2022. Recent price movement was helped by the dollar’s retreat, hopes that the Federal Reserve will slow down its aggressive monetary tightening, and renewed demand for the metal from emerging markets. Is this the beginning of a multi-year bull…
Forward Returns Will Disappoint Over the Next Decade
Commentary For many investors who started their investing journey following the financial crisis of 2008–09, forward returns will be disappointing compared to the last decade. But it won’t be solely due to high valuations. I recently discussed why the “Next Secular Bear Market” may have started, which touched on the issues of valuations and forward returns. To…
What Will Silver Be Worth in 10 Years?
Anyone interested in investing has probably considered trading precious metals at some point. Gold is the traditional choice for precious metal trading, but buyers and sellers have had a lot of success trading silver. Like gold, the price of silver has an excellent track record throughout history, and silver can serve the same function as…
The Fallacy of the ‘Broken Clock’ & the Art of Contrarianism
Commentary It gets stated that “bears are like a ‘broken clock,’ they are right twice a day.” While it may seem true during a rising bull market, the reality is that the “broken clock syndrome owns both “bulls” and “bears.” The statement exposes the ignorance, or bias, of those making such a claim. If you…
Investing Lesson of Math Learned the Hard Way
Commentary The one investing lesson that every investor must learn in surviving the long game is how math works. I recently received an email from a reader suggesting that the 2021 decline in the market is “no big deal” because of the stellar returns over the last decade. He quoted a snippet of an article…
History Biggest Bull Market Leaves 80 Percent of Americans Behind
Commentary Despite the largest bull market in history, 80 percent of Americans struggle with their finances and are unprepared for retirement. Such a reality is a stark difference from the belief that rising asset prices benefit the masses. A year after the COVID-19 pandemic struck the U.S. economy, more than 80 percent of Americans surveyed…
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