The U.S. stock market’s valuation is approaching the lofty levels seen at the bull market top in early 2022. That’s the unmistakable message of my monthly review of eight valuation models that have superior track records forecasting the U.S. market’s subsequent returns. Though the theoretical approaches represented by the eight …
Devamını oku »Opinion: Banking M&A deals are heating up. Here’s what stock investors should know.
The banking environment is shifting. U.S. Treasury Secretary Janet Yellen recently suggested that bank mergers are more likely, given the banking crisis this past spring and pressures from higher interest rates. Moreover, both Yellen and the Acting Comptroller of the Currency Michael Hsu have indicated openness to bank mergers, boosting expectations for …
Devamını oku »The bear market has been nearly erased. Here’s what comes next.
How bullish is that the S&P 500 SPX, -0.53% is close to completely recovering from its 2022 bear market losses? The benchmark U.S. stock index with dividends reinvested (total return) is just 2.0% below its January 2022 all-time high. Even a modestly good week in the stock market could push …
Devamını oku »My sibling borrows money and never repays it. Should I get my inheritance now?
Dear Quentin, One of my siblings has been having “cash flow” issues, and has been asking for help from the family. This sibling lives at home, and has no college degree and has abused other family members’ credit by opening credit cards, resulting in late fees and interest, and borrowing …
Devamını oku »Field workers who go door-to-door say people are not the same post-pandemic
Knock, knock. It’s a ConEd mechanic. A ConEd mechanic who is increasingly wary of the general public. Serafino Lopez spends a lot of time out in the field, and he is not joking about the unsettling changes he has seen with the general public in recent times. He is the …
Devamını oku »Mega Millions hits $1.25 billion, but you should buy stocks — not lotto tickets
The Mega Millions jackpot is now at an estimated $1.55 billion, and the next drawing is Tuesday night after there was no winner on Friday. (The numbers were 11, 30, 45, 52, 56, and the gold Mega Ball was 20.) Tempted? Here are other numbers for you to mull over: …
Devamını oku »Opinion: U.S. and Europe are finding that breaking up with China is hard to do
U.S. President Joe Biden’s economic policies depart sharply from those of former President Donald Trump, but both share a commitment to limiting the risks of trade with China and an ambivalence toward market-driven globalization. Notably, Biden has kept Trump’s tariffs on Chinese imports. Biden’s policies favor cooperative arrangements to harmonize labor, …
Devamını oku »Opinion: The recession may already be here — we just aren’t calling it one
The recession everyone was expecting at the start of this year has not been canceled. The question is what it will look like when it arrives. For all the optimism that accompanied the stock market’s recent runback to shouting distance of record highs, there is still plenty of economic trouble …
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