Stocks have been crushed in recent weeks, but Wall Street forecasters think the worst may be over. Morgan Stanley and Citi said they saw 5,500 as the floor for the S&P 500. Both banks are sticking to their year-end price target of 6,500, implying about 15% upside. The worst of the stock market sell-off looks…
The Magnificent Seven stocks’ dominance may soon fade, warns Glenmede Investment Management. Current market concentration levels mirror those of 1929 and 1999, signaling potential risks. The S&P 500 equal-weight index outperformed post-1999, and it could be primed to do so again. How much longer can the Magnificent Seven stocks continue to dominate the equity market?…
Albert Edwards warns of a growing bubble in US stocks driven by AI enthusiasm. US stocks now represent 75% of global market cap, and tech stocks are 35% of the US market. Edwards’ bearish views contrast with Wall Street’s optimistic S&P 500 targets for 2025. Albert Edwards, the famously bearish strategist at French investment bank…
AMID the hustle and bustle of our careers, relationships and personal growth during our thirties, it’s easy to put our health on the back burner. However, this is the decade when preventive health measures become increasingly crucial. Our bodies change, and our risk for specific health issues heightens. It’s time to shift our focus from…
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…