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Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …

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BlackRock says the market is mispricing these key risks.  Here is his advice on stocks and bonds.

BlackRock says the market is mispricing these key risks. Here is his advice on stocks and bonds.

Wall Street is on a five-day losing streak. The decline, as measured by the S&P 500 SPX, 3.6% isn’t so great, but it seems hopelessly inevitable once the benchmark fails to hold above its 200-day moving average. The relapse of every rally in 2022 is recognition that equities’ relationship with central banks has changed. Once …

BlackRock says the market is mispricing these key risks. Here is his advice on stocks and bonds. Read More »

Why Monday's stock market rout should be a wake-up call for investors

Why Monday’s stock market rout should be a wake-up call for investors

Monday’s sharp selloff could be the start of the next decline in equities as a sense of complacency has taken hold in markets after a bumper October and November, several strategists told MarketWatch. In a note to clients on Monday, Jonathan Krinsky, chief technical strategist at BTIG, said US stocks were poised to fall after …

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This long-time bear warns of a “trap door” situation looming for the stock market.

This long-time bear warns of a “trap door” situation looming for the stock market.

Uncertainty continues for investors following a recent mixed batch of data – weaker than expected inflation, stronger than expected jobs and wages – as we enter the third week before Christmas. And we’re ending a year that just hasn’t been great for most investors. Feels a bit of your pain, Hussman Investment Trust chairman and …

This long-time bear warns of a “trap door” situation looming for the stock market. Read More »

Opinion: High debts and stagflation will bring the mother of all financial crises

Opinion: High debts and stagflation will bring the mother of all financial crises

NEW YORK (Project Syndicate) – The global economy is heading for an unprecedented confluence of economic, financial and debt crises, following the explosion of deficits, borrowing and debt over the past few decades. In the private sector, the mountain of debt includes that of households (such as mortgages, credit cards, car loans, student loans, personal …

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A cycle of Fed rate hikes has never hit equities this hard before.  Here's what's different this time.

A cycle of Fed rate hikes has never hit equities this hard before. Here’s what’s different this time.

Anyone watching the market knows that stocks have been hammered since the Federal Reserve started in March, which turned into an aggressive series of interest rate hikes, but Deutsche Bank strategists say they might be surprised to learn that these rate hikes are probably not the culprit. The S&P 500 SPX, -0.16% has experienced a …

A cycle of Fed rate hikes has never hit equities this hard before. Here’s what’s different this time. Read More »

Fed will likely need to keep interest rates above 5% through 2024 to successfully control inflation, says Bullard

Fed will likely need to keep interest rates above 5% through 2024 to successfully control inflation, says Bullard

The Federal Reserve will likely need to keep its benchmark policy rate north of 5% for most of 2023 and into 2024 to successfully control inflation, St. Louis Fed Chairman James Bullard said. during an interview with MarketWatch. “I think we’ll have to stay there through 2023 and into 2024,” Bullard told MarketWatch economics editor …

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Is money a weapon to control your spouse?  This financial abuse can destroy your marriage.

Is money a weapon to control your spouse? This financial abuse can destroy your marriage.

Progress has been slow, but American society’s openness to marriage norms and money issues continues to evolve. Married couples now include the LGBTQ+ community and 38% of breadwinners are women. I share this because gender norms are becoming less normal, which actually means no one is immune to the possibility of a spouse using money …

Is money a weapon to control your spouse? This financial abuse can destroy your marriage. Read More »

Bear markets occur in three stages;  and we've only just started the second, says a seasoned analyst.

Bear markets occur in three stages; and we’ve only just started the second, says a seasoned analyst.

Stocks will start the Black Friday half-session near 10-week highs, having rebounded in part on hopes that the Federal Reserve will slow the pace of interest rate hikes while they wait to see how much tightening previous had an impact on the economy. Investors are therefore anticipating when the Fed will eventually pivot and borrowing …

Bear markets occur in three stages; and we’ve only just started the second, says a seasoned analyst. Read More »