Many lost jobs in the U.S. are unlikely to recover due to disruptions in supply chains and consumer demand. A study from the University of Chicago suggests that even a vaccine may not aid economic recovery. Nobel laureate Joseph Stiglitz predicts double-digit unemployment until 2022. When the U.S. recovers from the coronavirus pandemic and reopens…
The U.S. housing market is unexpectedly vibrant, given the economic fallout of the coronavirus. Redfin data shows bidding wars are surprisingly commonplace. Here are the real reasons why real estate looks so hot. Real estate brokerage Redfin published some astonishing housing market data this week. Not only has the coronavirus pandemic failed to dent homebuyer…
The explosive rally in gold should continue. It could go over $2,000 soon. Economic uncertainty supports gold prices because investors view the yellow metal as a safe haven. Massive stimulus measures and a potential U.S.-China trade war are also pushing gold prices higher. Since careening below $1,500 an ounce on March 19, the price of…
Kevin O’Leary defies Elon Musk’s pronouncement that Tesla’s stock is overpriced. The “Shark Tank” star is right on the money as Tesla is not your average car company. Its massive trove of autonomous driving data may eventually disrupt the auto industry. Tesla’s stock (NASDAQ:TSLA) is one of the hottest assets in the world, up 82%…
The Dow Jones has bounced 30% of its March lows in a move that left many in disbelief. Anger is growing as the stock market climbs in the midst of a devastating health and economic crisis. Some disgruntled traders and investors are stuck on the sidelines watching stocks shoot higher without them. In a gravity-defying…
Gold is on a massive rally with some analysts giving price targets as high as $3,000. The metal is benefiting from low-interest rates and safe-haven demand amid the coronavirus pandemic. But gold’s rally might not last. The asset faces near term risks that could send its price crashing down. If anyone is benefiting from the…
The Dow will retest previous lows as economic reality cripples the bear-market rally. Deflation, Warren Buffett, and an economic false start will likely zap investor confidence in the coming days. Patient bears will be the ultimate winners when it comes to market timing. The Dow Jones Industrial Average was modestly higher Wednesday, as all 30…
Volatility in the stock markets is finally easing. Stock prices are low, providing a good entry point. It’s best to invest small amounts regularly than trying to time a market bottom. Last Wednesday, stocks posted their first consecutive gains since mid-February, suggesting that a month of dead cat bounces and significant declines could soon change…
China may see new coronavirus cases due to existing patients testing positive again. South Korea is seeing new cases as a result of foreign nationals entering the country for treatment. The potential decline in the usage of masks also presents a real threat of the re-emergence of a virus outbreak in the near-term. China and…
The Dow Jones Industrial Average rallied for a second consecutive day, but this recovery has three components of a dead cat bounce. Record outflows from asset managers are still being recorded, while the coronavirus outbreak in the U.S. is not slowing down. With California under lockdown and cases increasing, selling pressure on the market is…
