Semiconductor and home-builder stocks are forming a bubble.
Investors are overestimating the extent to which the Fed will cut interest and underestimating the possible currency boosting impacts of a Trump victory in the U.S. elections.
UniCredit on Monday said it’s reached an agreement to further increase its stake in Commerzbank as the German government increasingly attempts to ward off an Italian acquisition of its number-two bank.
Oil futures edged higher early Monday, attempting to build on last week’s strong gains, which were scored after the Federal Reserve cut interest rates and investors monitored a rise in Middle East tensions.
“It’s odd that, in life, loss and money can be so tied up — that death can be a financial boon for bereaved people.”
Morgan Stanley’s Mike Wilson has been one of the most cautious voices on Wall Street, but even caution can become too expensive. He says the firm is now neutral on defensives vs. cyclical stocks because of valuation.
“Our agent thinks it would be best if we just put a down payment on the new house and invest the money.”
“In short, market participants seem to agree with this thesis—in a world in which the government decides to keep the economy going via heavy fiscal spending, lower rates / other policy tools are helpful in terms of supporting that spending. As a resu...
