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Finance Source: Businessinsider.com

An ex-Wall Street chief strategist lambasts 3 ‘nonsensical narratives’ he says are pushing stocks to dangerous heights — and warns that the current rally is unsustainable

Summary List Placement Despite ongoing uncertainty on a number of fronts — and a sharp September sell-off — markets seem to have found their stride in October. For example, markets had long feared the prospect of a Joe Biden presidency because of the former vice president's plans for increased taxes and the fundamental threat his... go to Article >

BANK OF AMERICA: Buy these 6 financial-sector stocks that offer the most attractive risk-reward combo as the economy improves

45 Days ago Finance Source: Businessinsider.com

Summary List Placement One of the most economically sensitive — or cyclical — stock market sectors is financials. This is because companies in the group are impacted by factors like consumer willingness to take out lines of credit and interest... read more

The US dollar won't crash despite the economy's $16 trillion pandemic debt pile, economist Larry Summers says

45 Days ago Finance Source: Markets.businessinsider.com

Summary List Placement The US dollar will not crash despite the $16 trillion debt pile that has built up because of the COVID-19 pandemic, former Treasury secretary Larry Summers told CNN on Sunday. "The dollar is the world's safe haven. It's... read more

The biggest British business groups urge the UK and EU to reach a deal on post-Brexit trade

45 Days ago Finance Source: Businessinsider.com

Summary List Placement Over 70 British business groups have attempted to persuade Britain and the European Union to reach a trade deal agreement. Organizations spanning multiple industries came together, urging both sides to strike a deal... read more

Warren Buffett and Joe Biden are bullish on America, agree the super rich should pay higher taxes, and want quarterly earnings guidance to end

45 Days ago Finance Source: Markets.businessinsider.com

Summary List Placement Joe Biden and Warren Buffett share the view that America has unrivaled potential to be a global leader. "Just got off the phone with Warren Buffett, talking about how we have position unlike 50, 70, 80 years ago to lead... read more

China's economic recovery from the pandemic is accelerating, but not as quickly as forecast

45 Days ago Finance Source: Markets.businessinsider.com

Summary List Placement China's retail sales rose 3.3% in September, beating analysts' estimates for a 1.8% rise.  This was the largest increase in consumer spending so far in 2020.  China's GDP rose 4.9% in the third quarter, behind... read more

Global stocks jump after Pelosi sets Tuesday deadline for US stimulus vote; China posts strong economic data

45 Days ago Finance Source: Markets.businessinsider.com

Summary List Placement Global stocks jumped on Monday, after Democrat House Speaker Nancy Pelosi set an end-Tuesday deadline to reach an agreement on the US coronavirus stimulus plan. China posted a 4.9% expansion in third-quarter GDP,... read more

Tesla will gain another 14% as company closes in on 500,000 annual deliveries, Wedbush says (TSLA)

45 Days ago Finance Source: Markets.businessinsider.com

Summary List Placement Strong third-quarter deliveries set Tesla up for a healthy earnings beat on Wednesday and a sales milestone before the year is out, Wedbush analysts said Friday. "Improved manufacturing efficiency and shining... read more

'Unintended detrimental consequences': A former Wall Street chief strategist says the Fed has driven flimsy stock-market highs that will come...

103 Days ago Finance Source: Feedproxy.google.com

Peter Cecchini, the CEO and founder of AlphaOmega Advisors and former global chief market strategist at Cantor Fitzgerald, thinks the Federal Reserve has backed itself into a corner through the implementation of 0% interest rates and unlimited... read more

'Unintended detrimental consequences': A former Wall Street chief strategist says the Fed has driven flimsy stock-market highs that will come...

103 Days ago Finance Source: Businessinsider.com

Peter Cecchini, the CEO and founder of AlphaOmega Advisors and former global chief market strategist at Cantor Fitzgerald, thinks the Federal Reserve has backed itself into a corner through the implementation of 0% interest rates and unlimited... read more

A 'vigorous move' will push stocks another 5% to record highs before year-end — and it'll be driven by skeptical investors who still have ample...

109 Days ago Finance Source: Markets.businessinsider.com

Stocks are set to move to record highs as investor disbelief in the current market rally shows no signs of abating, according to Fundstrat's Tom Lee. In an interview with CNBC's Scott Wapner on Friday, Lee explained that he is still hearing a... read more