BlackRock (NYSE:BLK), the world’s largest asset manager, has released its 2023 midyear outlook report — highlighting five mega forces that’ll drive investment portfolios: 1/ Digital disruption and artificial intelligence — “AI-driven productivity gains could boost profit margins.” Companies that spend the most on staffing could see the greatest benefit of automation. Those with large sets…
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Have markets finally bottomed?
The Nasdaq is up 17% in 2023. The S&P 500 is up 9% in 2023. Something is going on, and we want to get to the bottom of it. Bear market rallies are common: In the 2008 crash, there were four major rallies of 10-25% — each lasting 0.5-2 months before markets finally bottomed. Is…
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Which company will sit the throne in 2030?
Last week, the largest US companies lost a combined market value of nearly one trillion dollars. Even with last week’s collapse, big tech still dominates the list of the largest companies. Here are the five largest US-listed companies by market capitalization at various times in the past: 1/ Jan. 2005: General Electric, Exxon Mobil, Microsoft,…
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Two news stories capturing the state of the economy
Two major news stories in recent weeks should have sent shivers down investors’ spines. But with all of the bad news we’ve been throwing your way, you’re probably already desensitized. 1/ Major retailers cancel billions of dollars in orders ahead of the holiday season. The list of names includes Walmart, Target, Kohl’s and Under Armour….
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The Fed halts Bitcoin’s run; what comes next?
For crypto investors, sentiment is louder than fundamentals. Bitcoin ($BTC) and the rest of the crypto market have fallen in the past week. With uncertainty surrounding the markets — where does Bitcoin go from here? The Fed puts a brake on the market run The Fed is planning to act fast and aggressively to reduce…
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Are we in a recession and can the market go down even more?
By definition: A recession is a period of poor economic performance across the market, lasting several months (thanks Investopedia). So far, US economic activity is still ripping — even if the stock market isn’t. So it’s not a recession yet. But here’s what you’re probably wondering: Can the stock market go down even more? Bringing…
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