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Investors are overlooking the risks of a Democrat sweep in November. A Democrat victory means Trump’s tax cuts would be rolled back. It could trigger a stock correction come November. New polling data is starting to show that President Trump’s grip on the White House is slipping away. Amid civil unrest and unprecedented pandemic,
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The U.S. labor market bounced back hard in May with 2.5 million new jobs. That validates the stock market rally – at least for now. At the same time, it represents a massive wealth transfer to big business. The stock market is going absolutely nuts on Friday as
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Warren Buffett made a classic rookie investing blunder when he sold Berkshire’s airline holdings in April. He panic-sold the stocks, right before the industry bottomed out in May. The big four U.S. airlines have soared since then, posting gains of up to 100%. When Warren Buffett dumped all
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Genius Brands was set to be delisted from the Nasdaq in August. It now has a new lease of life. On Robinhood, it is the most popular stock of the last month. Short interest in the stock has also inevitably increased. The stock of kids entertainment company Genius
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Eight major nations have united in a coalition to counter China and its threat against ‘global trade, security and human rights.’ The battle against China is no longer exclusive to the U.S., as American allies unite. The rallying U.S. stock market is likely to boost with the unified stance of Europe’s biggest
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The last ADP report shows an employment drop of just 2.8 million in May, against 9 million expected. This encouraging reading will fuel further the stock market rally. Investors’ optimism might fade if the economic recovery isn’t as strong as expected. The stock market may have just found its rocket fuel. According to the
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The U.S. government will impose new restrictions on state-owned Chinese media outlets and plans to halt Chinese airlines’ access. The stock market remains unfazed by it, slightly retracing by 0.16% following a 2.05% gain on June 2. Equities are seemingly pricing in degrading U.S.-China relations. The U.S. government will impose new restrictions on
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Veteran short-seller Citron Research has singled out Genius Brands as an easy short-sell. Genius has risen by over 2,000% within a month, and it’s the most popular stock on Robinhood. Citron says that makes shorting the stock “child’s play.” Award-winning short-seller Andrew Left has singled out Genius Brands as a grossly overvalued stock,
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The S&P 500 continues to climb despite a bleak economic backdrop. The Federal Reserve is the engine that powers asset inflation. Expect the S&P 500 to print a new all-time high soon. Amid record unemployment, widespread civil unrest, global pandemic, and a shrinking economy, the S&P 500 is 8% off of its all-time
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Millennials are using their age to their advantage with bullish bets on the stock market. Wall Street’s billionaires are more cautious about the strength of the FOMO rally. Much of what happens next depends on whether the stimulus funds keep flowing. The stock market’s epic rally over the past two months has created
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