Foreign investors are fueling the “mother of all bubbles” in US stocks, Ruchir Sharma wrote in the FT. “Global investors are committing more capital to a single country than ever before in modern history.” As money flows into US markets, fundamentals will erode across foreign economies, he said. Despite mounting geopolitical and macroeconomic concerns globally,…
Biden wants to help Ukraine before he leaves office. Jake Sullivan told ABC News that Biden aims to help Ukraine “strengthen’ its position. President-elect Trump has been skeptical of the level of US aid sent to Ukraine. National security advisor Jake Sullivan on Sunday said President Joe Biden was doing what he could to “strengthen”…
The S&P 500 has returned 26% so far this year. But with expectations sky-high, how long can the rally last? Some Wall Street experts warn of muted forward returns, and are making dot-com bubble comparisons. It’s been another banner year for the S&P 500 as impressive earnings and improving expectations have propelled the benchmark index…
Rob Arnott warns of a potential bear market in the next couple of years. He said comparisons to the dot-com peak in 2000 are fair. The S&P 500’s high valuations, driven by AI optimism, mirror past market peaks. Rob Arnott says he’s usually early when calling a bull market top. So when he says the…
The stock market could face a 7% correction by mid-November, says Fundstrat’s Mark Newton. Investor complacency and weak seasonals could trigger decline, according to Newton. He views any potential pullback as a “buy the dip” opportunity. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the…
Open this photo in gallery: Located in Little Italy, DaNico is one of four restaurants in Toronto and the surrounding area to earn a Michelin star this year.Valentyna Tretiak/Supplied These days, thanks to The Bear and the TV show’s fictional chef Carmy’s obsessive pursuit of a star (or two or three), the Michelin Guide seems…