It’s tight quarters in Wall Street’s bear sleuth these days. Goldman Sachs just downgraded their 2022 US growth forecast (to 2.4% from 2.6%) and 2023 (to 1.6% from 2.2%), as senior chairman Lloyd Blankfein warned of “very, very high” risks for a US recession. “If I were running a big company, I would be very…
Tag: commodities
Crypto investor Barry Silbert offers sympathy and advice to those who have lost fortunes this week
Billionaire crypto investor, Barry Silbert, the founder and CEO of Digital Currency Group, on Saturday offered sympathy and advice to those who have lost fortunes recently. It’s been a tough six months to be a crypto investor. Whipsawing markets, faltering asset prices, rising interest rates yields, and high inflation have all combined to shock stock,…
‘No where 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…
Why did crypto crash? Mark Cuban compares crypto ‘lull’ to the early internet
Mark Cuban, billionaire entrepreneur and owner of the NBA’s Dallas Mavericks, thinks that cryptocurrency is on the same downward trend that tech and internet companies hit in the early 2000s. Bitcoin hit a 10-month low on Monday, and sales of non-fungible tokens, aka NFTs, plummeted between January and March 2022. See also: Coinbase CEO says…
This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530%
Markets are off to a stronger start on Friday, but it’s been a rough few days, with the S&P 500 facing a six-week losing streak, its longest in a decade. With a war raging in Europe, surging prices all over and uncertainty over what central banks can do about it, investors may not get that…
American household debt continues to march higher, driven by one major factor and should you tell your coworkers your salary — or keep it a secret?
Hi, MarketWatchers. Don’t miss these top stories. The 10 most popular cities that Americans moved to last year — and four are in this one state Here’s a hint: No New York or California cities made the Penske list of ’10 Moving Destinations for 2021,’ but plenty of Southern cities did. Read More ‘Open discussion…