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After rising for several days, U.S. stock indexes plunged sharply on Thursday. Big tech stocks dragged down the whole stock market. The overvalued tech sector was due for a correction. Thursday is a bad day for U.S. equity markets. Stocks fell sharply after the recent rally hit all-time highs. The tech sector, the
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Bloomberg data show China’s economic growth could drop to 3.5% when it decouples from the U.S. President Trump has refrained from mentioning the trade deal with China in recent months. With a trade-deal fallout unlikely, the U.S. stock market may have further room to run in 2020. According to Bloomberg Economics, China’s economic
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Cancel culture can’t be confused with well-warranted whistleblowing. Replacement options for Confederate monuments should include pop culture icons. Louisiana should “do the right thing.” A specific petition started making its way around social media last week. The title led me to believe it was comic relief, but I was relieved to find it
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The U.S. stock market is looking insanely expensive. Stocks have continued to rise despite falling earnings. The bubble will pop as investors realize there won’t be a swift recovery. After soaring about 40% from its March low, the S&P 500 is less than 10% from its February high. The 12-month forward P/E ratio
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The Federal Reserve made a surprise emergency cut of 50 basis points to the federal funds rate on Tuesday in a desperate attempt to reduce the impact of coronavirus. Cutting rates won’t solve all problems; we don’t know how much the coronavirus will hurt the global economy. Stocks are
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Rapper Pop Smoke was murdered this week. The American public is more interested in his death than his music. America’s recurring interest in death and suffering points to a fundamental sickness at the heart of modern society. Pop Smoke is dead. Shot in what appears to be a targeted hit, the 20-year-old rapper
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Baby Boomers have accumulated the “most disproportionate wealth in all recorded history” through the stock market and property. As they exit for retirement, we’re sleepwalking into a crisis, argues former hedge fund manager Raoul Pal. Readjust your retirement expectations or look to bonds, emerging markets, and cryptocurrencies for an alternative. The stock markets
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