Asia’s main stock index was trading within a narrow range on Monday, while gold reached a record high due to heightened tensions in the Middle East, leading to increased demand for the precious metal as a safe haven. Australian stocks saw gains, while Japanese equities slipped and Hong Kong equity futures indicated potential declines. Meanwhile, … Read more
The stock market surprised Wall Street last year with a significant increase, and it could surpass that this year with an even larger surge. Supported by a strong U.S. economy that defied widespread recession predictions and a more dovish stance from the Federal Reserve last fall, the S&P 500 rose by 24% in 2023. Only … Read more
Investors concerned about a potential market correction should consider making adjustments to their portfolios, according to economist David Rosenberg. He has been warning that stocks are currently in a bubble and could be at risk of a significant decline. To protect themselves from a potential market crash, Rosenberg recommends paying attention to key sectors and … Read more
According to technical analyst Mark Newton of Fundstrat, the stock market could experience a 7% correction by mid-November. Newton believes that investor complacency and weak seasonal trends could trigger this decline. However, he views any potential pullback as a buying opportunity, commonly known as a “buy the dip” strategy. Newton stated in a note to … Read more
Wall Street remained close to its record highs but ended the day with minimal changes compared to Tuesday. In contrast, China’s stock market experienced a decline due to a disappointing housing stimulus announcement, while Japan’s market was impacted by weak export data. Despite this, Taiwan’s TSMC continued to perform well, along with companies like Nvidia … Read more
Duquesne Family Office founder and hedge fund manager Stanley Druckenmiller recently shared his thoughts on the upcoming election, stating that if forced to make a prediction, he believes former President Donald Trump would defeat Vice President Kamala Harris. Druckenmiller explained that while he previously viewed the election as a toss-up, the market now seems to … Read more
(Bloomberg) — The largest bond market in the world experienced a decline after a strong retail sales report led traders to reduce their expectations for Federal Reserve interest rate cuts this year. The Treasury yields rose as the positive economic data raised doubts about the speed at which the central bank would ease its policy. … Read more