Finance Source:

Cries for more stimulus are overblown and stock investors should stop throwing ‘tantrums’ about it, says a Wall Street chief strategist

Summary List Placement Calls for another round of stimulus are overblown, and investors should simply stay the course for historically strong gains, James Paulsen, chief investment strategist at The Leuthold Group, said Thursday. "Regular temper-tantrums on Wall Street" have convinced investors that failure to pass a near-term... go to Article >

Here’s how the US economy could transform under Biden after his appointment of Janet Yellen as Treasury Secretary — starting with sizable stimulus

5 Days ago Finance Source:

Summary List PlacementJanet Yellen's decades of policymaking experience hint at how she will lead the Treasury Department through the US economic recovery. President-elect Joe Biden is reportedly set to nominate Yellen to run the department,... read more

Guggenheim says it could invest up to $530 million in a bitcoin trust as the cryptocurrency flirts with new record highs

4 Days ago Finance Source:

Summary List Placement Guggenheim Partners revealed in a Friday regulatory filing that its Macro Opportunities Fund holds the right to invest up to 10% of its net asset value in Grayscale Bitcoin Trust. The trust solely invests in bitcoin, and... read more

S&P 500 and Nasdaq close at record highs as investors bet that a vaccine will drive an economic rebound

3 Days ago Finance Source:

Summary List Placement US stocks gained on Tuesday as vaccine progress further boosted equities hit hardest by the pandemic. The S&P 500 and Nasdaq composite rose to record highs. Investors cheered Pfizer and BioNTech's application for... read more

The K-shaped economic recovery dividing America also applies to companies. Here are 4 implications of that trend, according to a Wall Street chief...

13 Days ago Finance Source:

Summary List Placement Certain pockets of the US economy are lagging the broad recovery. How they perform moving forward will determine whether the country can emerge fully recovered or split into two distinct economies, James Paulsen, chief... read more

A Wall Street expert says the dramatic shift in stocks last week reeks of investor complacency — and warns that many favorite trades remain...

19 Days ago Finance Source:

Summary List Placement While the S&P 500 was touching new intraday highs last week Monday, another historic record was breaking beneath the surface.  The momentum trade — which bets on the market's winners and against its losers, and has... read more

HOW TO TRADE A BIDEN PRESIDENCY: A complete investing guide to profiting from the election outcome and its impact on markets

22 Days ago Finance Source:

Summary List Placement Wall Street has so far cheered the triumph of President-elect Joe Biden in the 2020 elections with a rally that lifted stocks to intraday record highs. For many, the prospect of a divided government means that... read more

The S&P 500 will rally another 11% by mid-2021 as a coronavirus vaccine is rolled out and corporate profits rebound, Goldman Sachs says (SPX)

23 Days ago Finance Source:

Summary List Placement Distribution of a viable coronavirus vaccine and a Biden presidency will create a promising market backdrop in 2021, Goldman Sachs strategists said Wednesday. The bank lifted its year-end S&P 500 target to 3,700,... read more

An investment chief who crushed the market during the coronavirus crash sees the S&P 500 crashing 20% in the near term — but says investors should...

18 Days ago Finance Source:

Summary List Placement James McDonald, the CEO and chief investment officer of Hercules Investments, told CNBC on Monday that he expects a 20% S&P 500 sell-off in the near term. McDonald, who crushed the market during the coronavirus crash... read more

Markets are headed down one of 3 paths in 2021, UBS says. Here's how investors can maximize their profits in all of them.

14 Days ago Finance Source:

Summary List Placement The year 2021 is going to be a test of the old saying "timing is everything." Take UBS' market forecasts for the first half of the year. Its projections show dramatically different outcomes for stocks and bonds across... read more

Raymond James’ investment chief details why Joe Biden and Mitch McConnell are the perfect pair to drive markets upwards — and lists 4 sectors he...

28 Days ago Finance Source:

Summary List Placement President Donald Trump has often asserted that he's Wall Street's preferred candidate. "Your 401k's will crash with Biden," he tweeted on one occasion.  "If anyone but me takes over in 2020 (I know the competition very... read more