JPMorgan Asset Management strategist Michael Cembalest had previously predicted that President Joe Biden would drop out from this year’s presidential race in his list of “top 10 possible surprises for 2024” published in the company’s Jan. 1 “Eye on the Market Outlook” report. “President Biden withdraws sometime between Super Tuesday and the November election, citing … Read more
Warren Buffett’s time-tested stock market valuation indicator reached an all-time high of 200% last week, surpassing a peak of 197% in November 2021. This implies that US stocks may be extremely overvalued. Shortly after the “Buffett Indicator” peaked in November 2021, the stock market entered a bear market. The indicator divides the total market capitalisation … Read more
A Stanford graduate, Dr. Ankur Crawford co-manages the top 1% Alger Capital Appreciation Fund (ACAAX) and the top 3% Alger Spectra Fund (SPECX), which are growth-focused funds. In a recent interview with Business Insider, Crawford said the two funds share similarities and are “different flavours of the same process.” She holds several US patents and … Read more
According to a Goldman Sachs note this week, Nvidia is prepared to silence critics when it announces Q2 earnings results next month. The outlook emerged after Goldman Sachs met with Nvidia CFO Colette Kress. There are growing concerns that Nvidia’s customers’ profits are insignificant compared to the billions of dollars spent on AI chips. “End-user … Read more
Wedbush Securities tech analyst Dan Ives has long maintained that today’s tech revolution is unlike anything seen since the 1990s despite the industry facing a slump in 2022. However, the worst year for US stocks since 2008 didn’t change Ives’ optimistic outlook on the tech industry. “The bull market was under the covers; it just … Read more
Representative Marjorie Taylor Greene, serving Georgia’s 14th congressional district, is also a member of the Oversight and Reform Committee and the Homeland Security Committee. She is known for making several profitable investments over the years. According to data from Quiver Quantitative, Greene’s estimated net worth is $22.15 million, and she maintains a diversified portfolio of … Read more
According to a PriceWaterhouseCoopers study, AI could contribute over $15.7 trillion to the global economy at the end of the decade, where $6.6 trillion is estimated to come from enhanced productivity and $9.1 trillion from consumption-side effects. AI’s ability to learn without human intervention and eliminate redundant tasks has driven high demand for the technology … Read more
Ms Tan of OCBC said companies tend to be more resilient if they are run responsibly, prepared for future challenges and are looking into emerging risks and opportunities. As more countries develop regulations, money is likely to shift to companies with strong disclosures on sustainability, she added. Investing sustainably is inevitable for businesses, industries and … Read more
Amazon Prime Day (July 16 and 17) is set to bring exceptional deals across millions of products with discounts of up to 50% from top brands. While many are expected to spend hundreds, if not thousands, on shopping—an Amazon Prime Day investment challenge has recently gone viral and aims to counter one’s spending and boost … Read more
“Bond King” Bill Gross is known for his aggressive bond investing strategies and is accredited with democratising the fixed-income securities market by making it accessible to all investors. He co-founded Pacific Investment Management Company (PIMCO) and worked to make it the biggest active fixed-income fund management firm globally. Before PIMCO, trading bonds were rare and … Read more
