Richard Bernstein Advisors CEO & CIO Richard Bernstein and Mike Arone, chief investment strategist … [+] at State Street Global Advisors, sit down with top advisor Victor Livingstone of Morgan Stanley at the Forbes/SHOOK event in Boston. Robert Castagna State Street Global Advisors chief investment strategist Mike Arone predicts two interest rate hikes and a…
Topline Stocks moved lower on Tuesday in yet another volatile session of trading amid fresh concerns about the new omicron Covid variant, with Federal Reserve Chairman Jerome Powell warning that it could pose a risk to the economic recovery—not to mention complicate the inflation outlook. Vaccine makers warned that existing treatments could be less effective…
An illustration of gold ingots and future investment graph getty In 2021, gold looks like a nonstarter. It has drifted down ~6% even as inflation has sped up ~6%. Is it unpopular for a reason? Not necessarily. Instead, it’s probably the result of investors focusing on other, popular investments. Disclosure: Author holds Newmont Corporation and…
A petrol attendant stands next to a newspaper headline in Pretoria, South Africa, Saturday, Nov. 27, … [+] 2021. As the world grapples with the emergence of the new variant of COVID-19, scientists in South Africa — where omicron was first identified — are scrambling to combat its spread across the country. (AP Photo/Denis Farrell)…
Fed Chair Jerome Powell appears before the Senate Banking Committee July 15 (Photo by Win … [+] McNamee/Getty Images) Getty Images Inflation reality is biting, and consumers are noticing. Such an environment has been absent for years, so it’s time for investors to shift gears – and act. Inflation uptrends are unlike all other economic…
The Fed continues to insist high inflation is “transitory,” but experts interviewed by Forbes think higher prices will stick around for longer. Ifit feels like you’re paying more for everyday goods, it’s because you are. Inflation is surging at the fastest pace in over 30 years and doesn’t appear to be slowing down anytime soon.…
Topline With signs of excessive speculation and high valuations in the stock market, the current environment resembles a late-cycle bubble that is very much “similar” to the dotcom boom in 2000, Bank of America says, predicting a negative year ahead for stocks in 2022. Bank of America expects stocks to be bumpy in 2022 as…
Topline The idea that the Federal Reserve can continue to boost the U.S. economic recovery and stock market rally without interruption is “too good to be true,” especially amid “well-founded” fears about rising inflation, billionaire investor Howard Marks said in a new investor letter on Tuesday. The famed investor discussed inflation and central bank policy…
Topline The stock market rallied on Monday, with the Dow rising over 300 points after President Joe Biden chose Jerome Powell over Lael Brainard to lead the Federal Reserve, ending speculation about who would lead the central bank as the economy faces high inflation. The market hit new highs after Biden picked Powell over Brainard…
Inflation fighting 40 years ago – President Ronald Reagan, Secretary of the Treasury Donald Regan … [+] (center) and Federal Reserve Board Chairman Paul Volcker (right), were masterminding the war against runaway inflation Bettmann Archive Here we go again. The strategy of money expansion, governmental deficit spending and rising prices looking deceptively wise and good…