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Stocks

“Stocks’ Bad Start to 2024 Has Forecasters on Edge”

“Stocks are off to a bumpy start in the early days of 2024. Proponents of the January Barometer are hoping for a turnaround because they believe the market’s performance in the first month of the year sets the tone for the rest…”… Continue Reading…

Real Estate

“The US housing market is headed for the largest sales slowdown since 2011, Fannie Mae says”

“…The government-sponsored mortgage finance company forecasted total home sales to slump to just 4.8 million this year, marking the slowest sales environment since 2011. That figure will only improve slightly in 2024, with total home sales expected to hit 4.9… Continue Reading…

Stocks

“JPMorgan predicts a grim outlook for the stock market next year”

“…Dubravko Lakos-Bujas, the chief global equity strategist at JPMorgan, said in a recent analyst note that slowing economic growth, the rapid depletion of household savings and ongoing geopolitical turmoil could trigger a steep decline in the S&P 500 over the course of… Continue Reading…

Economy, Stocks

“Dow Jones hits an all-time high as investors cheer progress on inflation”

“…The Dow closed at 37,090 — up more than 500 points, or 1.4 percent, for the day — surpassing a record in January 2022, fueled by the Fed decision to hold rates steady due to progress on inflation. The milestone caps a banner… Continue Reading…

Economy, Stocks

“Prepare for the S&P 500 to plunge 23% by mid-2024 – and the US economy to sink into recession, JPMorgan’s top charts guru says”

“…The stock market is mistakenly pricing in a “soft landing” for the US economy, where the Federal Reserve succeeds in crushing inflation without causing a recession, Jason Hunter told CNBC’s “Squawk Box” on Monday. But investors will soon realize the outlook is… Continue Reading…

Stocks

“Adani’s Blockbuster Day Sees Market Value Jump by $23 Billion”

“Three of the 10 listed Adani Group stocks surged by their daily limit, headlining a blockbuster day for billionaire Gautam Adani that added $23 billion to his conglomerate’s market value… Adani Green Energy Ltd., which secured a $1.4 billion loan… Continue Reading…

Stocks

“Carvana Stock Jumps on an Upgrade. Wall Street Still Isn’t Sure About Its 700% Rally.”

“CarvanaCVNA11.58% stock has skyrocketed from roughly $4 to $40 this year—and it’s up another 11% on Monday thanks to an upgrade…” https://www.barrons.com/articles/carvana-stock-price-sell-upgrade-429516f3?siteid=yhoof2 It’s to late to jump on board now. At least I wouldn’t do it. Most of the time when… Continue Reading…

Banking, Economy

“European, US stock markets climb as bets build on rate cuts”

“Wall Street and Europe’s main stock markets mostly climbed Wednesday as traders ramped up bets on the US Federal Reserve cutting interest rates in the new year after a top official sounded an optimistic note on the battle against inflation…”… Continue Reading…

Business, Economy

“Major Chinese Solar Manufacturer Sees Industry Shake-Out Coming”

“China’s world-beating solar sector will start seeing smaller equipment makers being forced out next year as prices keep falling, according to one of the leading manufacturers… “Under the current bidding prices, there is no profit across the entire supply chain,… Continue Reading…

Business

“Alibaba sheds over $20 billion in market value after scrapping plans to list its cloud business”

“…“Instead, we will focus on developing a sustainable growth model based on emerging AI-driven demand for networked and highly scaled cloud computing services,” Alibaba CEO Joe Tsai said on the company’s investor call Thursday… The development highlights how Alibaba, one… Continue Reading…