US Household Wealth Fell $6.1 Trillion In Q2
As a bear market in equities far outstripped the gains in real estate, US household wealth dropped a record $6.1 trillion in Q2 to the lowest it has been in…
US Stocks Up After Wild Swings, For Second Day Of Gains
After a volatile day swinging between gains and losses, US stocks closed up for the second straight session Thursday. The S&P 500 was up 0.7% as the Dow Jones Industrial…
August Jobs Report Comes In Just Right
The August jobs report showed that the economy added 315,000 jobs in August, and unemployment rose to 3.7%. Although the labor market is still strong, job growth has cooled off…
Stephen Roach Says A Deeper Recession May Last Until 2024
The former longtime Chairman of Morgan Stanley Asia, Stephen Roach has said that the negative economic growth which the United States has endured in the first half of the year…
BOA: Bearish Head And Shoulders Pattern Forming In S&P 500
Bank of America analysts are warning clients in a note that a pattern indicative of bearish behavior is forming in the S&P 500, and it could mean significant downside risk…
Stocks Fall As Powell Makes Hawkish Statement
Stocks dropped suddenly after Federal Reserve Chair Jerome Powell struck a hawkish tone in a speech at a Jackson Hole economic symposium, and reiterated the central bank’s primary focus was…
Norway’s Pension Fund Sustains Record Losses
NBIM, the trillion dollar state pension fund of Norway, the largest sovereign wealth fund in the world, endured the biggest loss it has ever seen in the first half of…
‘Big Short’ Investor Buys Into Prisons Instead Of Stocks
Michael Bury, the hedge fund manager who perfectly timed his bets against the housing markets ahead of the 2008 financial crisis, liquidated his entire portfolio of stocks, and replaced it…
Jamie Dimon Puts The Odds Of A “Harder Recession” Or “Something Worse” At 40-60%
CEO Jamie Dimon made waves with a conference call he had with some of JP Morgan’s wealthier clients. On the call, Dimon noted the economy appeared to be “strong,” however…
Fed Minutes Point To 50 Basis Point Hike Next, But Data May Indicate 75 Points More Likely
FOMC July meeting minutes were released, revealing that Federal Reserve officials feel that additional interest rate hikes will be necessary over the coming months, and such hikes will continue until…
