Barclays downgraded mega-cap tech stocks, given their extreme valuations.The S&P 500 P/E ratio is approaching the 2000 dotcom bubble peak.We can expect more volatility in the coming months.Since the decline in March, mega-cap tech stocks have led the recovery in U.S. equity markets. After hitting a low of 6,879 on March 20, the Nasdaq Composite…
The Federal Reserve’s monetary policy fueled the recovery since the crash in March.After hitting all-time highs on September 2, the U.S. stock market has undergone correction amid a tech selloff.The implications of the Fed’s accommodative policies are taking effect in the form of significant distortions in the real economy, signaling a growing disparity between Wall…
Citadel Securities says retail accounts for 25% of the market during peaks. Zero commissions and FOMO are some of the reasons for the retail trading frenzy. Retail investors have inflated the stock bubble. Citadel Securities, the market maker that counts Ken Griffin as its largest owner, said that retail traders now account for about a…
One person was seriously wounded and rushed to hospital late Sunday in the second shooting in Seattle’s CHOP protest zone in less than 48 hours, according to police. The shooting happened in the area near Seattle’s downtown known as CHOP, for “Capitol Hill Occupied Protest,” police tweeted. It comes after at least two people were shot,…
Madison Beer said that “Lolita” was a “romantic story.” The Nabokov novel is an indictment of older men who have inappropriate relationships with young girls. Beer backtracked — but she needs to stay canceled. Madison Beer is canceled. The singer — who first rose to popularity thanks to Justin Bieber — said that she found…
CNBC’s 2020 Global CFO Survey reveals an extremely bearish outlook on the U.S. stock market, with more than half of respondents calling for the Dow to return below 19,000. The CFO outlook contradicts new forecasts from Goldman Sachs and Bank of America, whose models predict higher stock valuations. Stocks are coming off their second straight…
The Dow Jones powered higher on Thursday as risk-taking returned on Wall Street. Stock market bulls remain immune to the dire unemployment figures coming out of the U.S. Many economists view the future as uncertain, with a growing consensus emerging that there will be no quick fix for the global economy. The Dow Jones enjoyed…
AP Photo/Kathy Willens The Institute for Health Metrics and Evaluation (IHME) released an update of its coronavirus model on Monday that dropped peak hospitalization projections for the United States by 34 percent in three days, from 86,479 total hospital beds needed to 56,831 total hospital beds needed. The IHME admitted in an update accompanying the release…
Starting on Sunday, Grupo Modelo will no longer produce Corona beer. The Mexican government declared that beer production isn’t an essential activity during the coronavirus pandemic. This decision will hit the Corona brewer and other Mexican brewers hard. Coronavirus has infected over 1 million people, and it continues to spread. Governments have forced restaurants, bars,…
Last November, Axios reported that New Enterprise Associates partner Dayna Grayson was leaving the storied venture firm after roughly six years to launch her own shop in Washington, D.C. called Construct Capital. Today, we know Grayson has company, too. Rachel Holt, one of Uber’s first employees and until now its head of new mobility, announced…
