This year’s strong gains in the Dow Jones suggested an advantage for the Democrats and Kamala Harris in the presidential election, but it underscored an important reality: Wall Street and Main Street are drifting further apart. Historically, the stock market has been viewed as a bellwether for election outcomes, but...
Stifel’s Barry Bannister Warns: “The Train is Approaching Crazy Town” Wall Street bear Barry Bannister cautioned Thursday that the S&P 500 is entering “mania” territory, as surging valuations push stocks to expensive and potentially unstable levels. This rally, he says, may lead to a further near-term surge before a significant...
The Fed’s latest interest-rate decision comes on the heels of a historic post-election stock market rally. Reflecting on recent market trends, Druckenmiller, a former top advisor to George Soros and now head of the Duquesne Family Office, shared that while he accurately predicted a decline in inflation, his concerns about...
Nicholas Colas, co-founder of DataTrek Research, notes that substantial changes within the S&P 500 over the last four to eight years have led to its high valuation compared to 2016. On Election Day 2024, the S&P 500 rose by 1.2%, boosted by gains in Big Tech stocks like Nvidia, Meta,...
For global investors, 24-hour trading offers a significant advantage — particularly when market-moving events happen outside regular trading hours. In the U.S., stock markets operate on a schedule that suits East Coast traders, opening at 9:30 a.m. and closing at 4 p.m. But for those in different time zones, trading...
The U.S. presidential election on Nov. 5 is proving to be anything but predictable. Polls indicate a tight race for the White House and potential for either party to control the House, while Republicans hold a slight advantage in the Senate, according to UBS Group’s latest ElectionWatch analysis. With the...
