The red flag that preceded the halving of global equities in 2000 and 2007 is back, warns Citi

The red flag that preceded the halving of global equities in 2000 and 2007 is back, warns Citi

We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, possibly knocking stocks. But if it swings the other way, especially after surprisingly good jobs data, the view that things … Read more

Risk of significant reversal in gold price rally as inflation report looms, says TD Securities

Risk of significant reversal in gold price rally as inflation report looms, says TD Securities

(Kitco News) The strong employment report proved that the US economy is still expanding despite two consecutive negative quarterly GDP releases. And for gold, this means that the price rally could be at risk, according to TD Securities. In reaction to the US economy adding 528,000 jobs in July, gold lost 1% on Friday. The … Read more

Stocks week ahead: The market read the Federal Reserve all wrong

Stocks week ahead: The market read the Federal Reserve all wrong

“We’ve been front-end loading these very large rate increases, and now we’re getting closer to where we need to be,” Fed Chair Jerome Powell told reporters. Of course, Powell said, another “unusually large” increase could be on the table too. But Wall Street looked past that. What came next: Investors cheered Powell’s apparent pivot. The … Read more

I hired a financial planner, but they’ve already lost $70K. What should I do?

I hired a financial planner, but they’ve already lost K.  What should I do?

Is a big loss a reason to ditch your financial planner? Getty Images/iStockphoto By ALISA WOLFSON Question: I recently rolled my retirement pension and 401(k) into one account, managed by a financial planner. But in seven months, they seem to have lost $70,000 of my money. How do I know if they’re making sound investments? … Read more

Gold price in rally mode on latest geopolitical tensions but Friday’s jobs report could disrupt momentum – analysts

Gold price in rally mode on latest geopolitical tensions but Friday’s jobs report could disrupt momentum – analysts

(Kitco News) Gold breached the coveted $1,800 an ounce level Thursday on increased geopolitical tensions between the US and China. But the upcoming Friday’s employment report could disrupt momentum, according to analysts. December gold futures rose $33 on Thursday, touching a daily high of $1,812. At the time of writing, prices were at $1,808.20 an … Read more

Opinion: The S&P 500 is so close to crossing this crucial level and challenging the bear market’s trend line

Opinion: The S&P 500 is so close to crossing this crucial level and challenging the bear market’s trend line

The S&P 500 index may be about to secure two major bullish SPX, -0.05% milestones. First, the S&P has rallied from that mid-June low right up to the major resistance at 4170. A two-day close above that level would be quite bullish and would set the stage for a challenge of the downtrend line defining … Read more

Keep running with the bond bulls, says Bank of America

Keep running with the bond bulls, says Bank of America

The rally in bond markets of late has been startling. Hopes grow that inflation may have peaked, and evidence of a US economic slowdown build, benchmark 10-year Treasury yields BX:TMUBMUSD10Y fell from around the 3.5% level touched in mid-June, to near 2.5% at the start of this week. A 100 basis point retreat in less … Read more

The buyback bogeyman is back. How worried should we be?

The buyback bogeyman is back.  How worried should we be?

Even more aggravating: Exxon and Chevron announced last week they’d spend billions of dollars of their earnings buying back their own stock, fattening investors’ portfolios. Oil companies are hardly alone, but they’ve helped thrust buybacks back into the spotlight. The debate about stock buybacks has been raging on and off for four decades, and Democrats … Read more

PayPal stock rockets after earnings as Elliott investment, cost cuts soothe concerns

PayPal stock rockets after earnings as Elliott investment, cost cuts soothe concerns

After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback authorization and cost-savings program, while also confirming that activists at Elliott Management Corp. have taken a stake in the company. Additionally, the company topped expectations … Read more

HKD, AMTD, WTF? The stock you haven’t heard of that’s up 30,000% in 2 weeks

HKD, AMTD, WTF?  The stock you haven’t heard of that’s up 30,000% in 2 weeks

Contents AMTD Digital (HKD): What do they do? The Rise of AMTD Digital Stock Summarizing AMTD Digital (HKD)’s Mysterious Run We’re going to establish the number one most important thing right out of the gate, before we get into this situation: This is about as high risk as stocks get. This stock just IPO’d, is … Read more