Conditions Are Ripe for a Deep Bear Market

Conditions Are Ripe for a Deep Bear Market

With the S&P 500 briefly on Friday down 20% from its January peak, it is very tempting to start trying to call the end of the selloff. The problem is that only one of the conditions for a rally is in place, that everyone’s scared. That worked beautifully for timing the start of the 2020 … Read more

Elon Musk called ESG a scam — did the Tesla chief do investors a favor?

Elon Musk called ESG a scam — did the Tesla chief do investors a favor?

Investing usually uses a combination of head, heart and gut even if it’s not supposed to. And perhaps no market theme stirs “all the feels” quite like ESG. This week, a major move to cut Tesla from a closely followed environmental, social and governance (ESG) index brought anger and relief in nearly equal measure. Defiance … Read more

Selloff puts Dow, S&P 500 on cusp of bear market. History says more pain may lie ahead.

Selloff puts Dow, S&P 500 on cusp of bear market.  History says more pain may lie ahead.

History shows that when the S&P 500 enters a bear market, it tends to stay awhile. Back-to-back drops left the large-cap SPX benchmark, -0.58% down 18.7% from its Jan. 3 record finish on Thursday, closing at 3,900.97. A fall of 20% from a recent peak is the traditional definition of a bear market. That would … Read more

‘Nowhere to hide?’ Why stagflation fears put stocks on verge of a bear market

‘Nowhere to hide?’  Why stagflation fears put stocks on verge of a bear market

It will take more than Friday’s big bounce to put to rest the fear of a bear market in stocks as uncertainty about the Federal Reserve’s ability to get a grip on inflation without sinking the economy stokes fears of stagflation — a pernicious combination of slow economic growth and persistent inflation. Stagflation is “an … Read more

What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised.

What Bitcoin Could Be Worth to Fidelity.  You’ll Be Surprised.

Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month with a move to make Bitcoin available in 401(k) plans. Add up the revenue that might bring in, and it starts to be less of a surprise. Fidelity is the … Read more

What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised.

What Bitcoin Could Be Worth to Fidelity.  You’ll Be Surprised.

Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month with a move to make Bitcoin available in 401(k) plans. Add up the revenue that might bring in, and it starts to be less of a surprise. Fidelity is the … Read more

US Stocks Finish Higher Ahead of Fed Meeting

US Stocks Finish Higher Ahead of Fed Meeting

US stock indexes finished modestly higher on Tuesday as investors geared up for the Federal Reserve’s policy decision this week and evaluated a batch of earnings. Stocks moved between small gains and losses during the session, finally rising for a second straight day after a brutal selloff capped off April. The S&P 500 pink 20.10, … Read more

Citigroup Sales Hit European Stock Markets With ‘Flash Crash’

Citigroup Sales Hit European Stock Markets With ‘Flash Crash’

Several European stock markets suffered a “flash crash” on Monday morning following sell orders by Citigroup Inc., VS 1.04% according to people familiar with the matter. Trading was halted momentarily in several markets after major stock indexes plunged for a few minutes just before 10 am Central European time. Stocks in the Nordic region were … Read more

A rough 4 months for stocks: S&P 500 books the worst start to a year since 1939. Here’s what pros say you should do now.

A rough 4 months for stocks: S&P 500 books the worst start to a year since 1939. Here’s what pros say you should do now.

To say that it has been a perilous stretch for bullish stock investors on Wall Street lately is a bit of an understatement. Marked by stomach-churning volatility and bruising losses in once-popular technology trades, the S&P500 booked its worst start to a year, through the first four months of 2022, in over 80 years, with … Read more

Exxon Stock Falls on Earnings Miss. Quarter Includes Russia Charges of $3.4B.

Exxon Stock Falls on Earnings Miss.  Quarter Includes Russia Charges of .4B.

Text size Exxon Dreamstime Exxon Mobil posted first-quarter adjusted earnings that missed forecasts and the stock fell in premarket trading Friday. Exxon (ticker: XOM) reported adjusted earnings of $2.07 a share, below forecasts for $2.23 a share. The quarter included charges of $3.4 billion, or 79 cents a share, from the company’s exit of Russia. … Read more