Third Point’s Dan Loeb revealed that he has dumped almost all of his positions in the so-called Magnificent 7 stocks after their huge run-up that’s been dented this year from the stock market tariff turmoil. “What we have done in the last few months is number one shifted away from those easy sale candidates of…
JPMorgan Chase CEO Jamie Dimon on Wednesday called the U.S. stock market inflated and said he felt more cautious than others in the business world because of the risks from deficit spending, inflation and geopolitical upheaval. “Asset prices are kind of inflated, by any measure. They are in the top 10% or 15%” of historical…
It’s time to give thanks. I want to give thanks to all of the traders out there who create opportunities every day with their scalping, their dumping, and their insistence that small caps stocks are going to roar or that midcaps will stall or that the “Magnificent Seven” are magnificent no more. I used to…