The editor of the MacroTourist newsletter sees a possible short-term bottom amid thick-as-fog bearishness out there.
Stocks are bouncing around on the 100th day of trading this year, with the Dow and S&P 500 headed for the worst annual start since 1970 and the Nasdaq its worst ever.
Muir says he’s headed to the sidelines with many of his “dark side bets,” some of which have hit his targets. Ackman is known for going big or going home positions, and at times, he’s done the latter. Some agree with Muir here: Instead, industrials and defense stocks are on his radar. “I think we’re going to spend the next 5 years rebuilding our capabilities in this country to make our own semiconductors and be energy independent, and quite frankly to fighting wars again,” said Brown. To play this he owns iShares U.S. Aerospace & Defense ITA, +0.61%.The buzz Investors will be looking for interest-rate clues from the Fed minutes of the May 3-4 meeting due at 2 p.m. Eastern. Ahead of that, data showed U.S.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
‘Markets are imploding’ because the Fed isn’t doing its job, says billionaire investor Bill Ackman“How does this downward market spiral end? It ends when the Fed puts a line in the sand on inflation and says it will do ‘whatever it takes,’” hedge-fund billionaire Bill Ackman said.
Leer más »
Delaware governor vetoes marijuana legalization billDelaware Gov. John Carney has vetoed a bill to legalize possession of up to one ounce of marijuana by adults for recreational use.
Leer más »
Bill Gates: We must remember this takeaway from the Great RecessionWe are better equipped than ever to build a world in which where you're born doesn't determine whether you live or die. We can achieve a healthier and more equitable future for all -- if we make bold commitments now, writes Bill Gates
Leer más »
Florida lawmakers take up condo bill in wake of SurfsideFlorida would require statewide recertification of condominiums higher than three-stories tall as a response to the Surfside building collapse that killed 98 people.
Leer más »
The Pulse With Bill Anderson / Neil deGrasse Tyson and Chuck Nice
Leer más »