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Walmart’s fourth-quarter results were a disappointment. Both top and bottom line numbers fell short of analyst expectations. Despite the obvious business slowdown, Walmart’s stock remains near its all-time high. Walmart’s stock price is becoming increasingly divorced from business fundamentals. This may be evidence that the wider market rally is nearing its end. Walmart
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Berkshire Hathaway has moved into defensive stocks as stakes in recession-prone companies were cut. Warren Buffett’s heavy exposure to financials is now lower. Charlie Munger recently warned of “lots of troubles” ahead for the economy. Warren Buffett’s most recent stock purchases point to growing concerns that an economic downturn is right ahead. A Feb.
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Dow Jones Industrial Average (DJIA) futures point to a stock market open near all-time highs. Traders are seemingly ignoring the Federal Reserve’s own recession indicator as the yield curve inverts again. Fed chairman Jerome Powell is expected to “sound upbeat” in a testimony today. The S&P 500 and Nasdaq
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The Wuhan coronavirus outbreak continues to intensify. And Chinese authorities may be downplaying its severity. The virus poses a massive risk to the global economy. But U.S markets seem nonchalant. China has grown to become a massive part of the global economy. When it sneezes, the world catches the coronavirus. When America sneezes,
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Gold continues to be the safe haven for global investors when it comes to parking their money in secure assets. Bitcoin, on the other hand, has failed to win the trust of big investors at this stage.Economists from around the globe are hinting towards growing concerns of the US recession
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Financial experts and analysts are raising alarming concerns on the growing chances of US recession in the next year. Investors looking towards Bitcoin as a potential hedge.Investors and financial experts have been continuously raising concerns on an impending US recession expected over the next one year. Clive McDonnell, head of
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The R-word – recession – passed the lips of US president Donald Trump yesterday, and despite recent price action, that’s a positive for bitcoin.The consensus of analyst opinion is that there will not be a recession in the US this year or next.But, as we shall see, those comforting
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