With tax cuts boosting consumer spending, the U.S. is poised for another good year

Stocks have just accomplished a Houdini – scorching to record highs while escaping volatility. The S&P 500, which accounts for 80 percent of the value of publicly traded U.S. companies, just scored an unprecedented 14 consecutive monthly gains. Investment professionals will tell ordinary folks a year like 2017 simply can’t repeat. Gains will slow or the… Please follow and like us:

Read More

Asia markets extend rally as Hong Kong eyes record

Asian traders continued their blistering start to the year on Monday with most markets rising and Hong Kong within spitting distance of its record high, while the euro extended its gains against the dollar. Wall Street once again provided a strong lead on the back of optimism about corporate earnings in light of Donald Trump’s tax… Please follow and like us:

Read More

Bull Market Should Run Another 3 Years: Goldman

Goldman Sachs says the bull market in U.S. stocks should continue for another three years. In its latest market outlook, Chief U.S. Equity Strategist David Kostin is forecasting a 15% gain in the S&P 500 over that period with a target of 3,100 by the end of 2020 and a 7% gain in the index this… Please follow and like us:

Read More

Dow hits 25,000 points for 1st time on US hiring data

The Dow shot above 25,000 points for the first time Thursday as strong US private-sector hiring data extended a stocks rally already boosted by the recent US tax reform. US stocks opened 2018 in full-throttle bull market mode, bidding stocks up and continuing the succession of records seen last year, especially following the massive tax cut… Please follow and like us:

Read More

China imposes new restrictions on outbound investment

China has issued new rules increasing oversight of overseas acquisitions by its companies, as it seeks to reduce investment in assets ranging from golf courses and movie studios to football clubs. The rules are the latest attempt to stem the tidal wave of capital that has flown out of the country in recent years, a trend… Please follow and like us:

Read More

Cryptocurrency ICOs Must Stop Flying Blind On Money-Laundering Risks

Companies have raised as much as $4 billion this year through token crowd sales, or Initial Coin Offerings, a new mechanism that many startups using blockchain technology in some way have used to bypass traditional venture capital funding routes. That is a lot of money flowing to entities to fund their ideas and develop their products.… Please follow and like us:

Read More

Goldman: Investor Animal Spirits Will Continue To Drive Stocks

As 2017 draws to a close, Goldman Sachs’ Top of Mind research newsletter takes a look back at the trends that have shaped this year in its December issue. The continued bull market has been one of the stand-out trends of 2017. Heading into the year, few analysts were predicting further gains, as President Trump’s mixed… Please follow and like us:

Read More

Valuation-based Factor Stocks Get Smoked, But The Times They Are A-Changin: BAML

As 2017 comes near to a close, and the stock market by many accounts outperformed analyst projections, a Bank of America Merrill Lynch report on factors notes an interesting change that occurred relative to factors it watches. With 2018 forecast to be another reasonably strong year for US stocks, factor performance is a moving target and… Please follow and like us:

Read More

Goldman Sachs Explains “Rational Exuberance”

The stock market is going to rise a healthy 8% in 2018, predicts Goldman Sach’s Chief US Equity Strategist David Kostin, but the technology sector might not be the tailwind it once was. Driving the move higher will be a “rational” increase in earnings per share, driven to a degree by tax cuts, which benefit large… Please follow and like us:

Read More

Tight valuations Show How Hot Emerging Market Credit Is

Emerging market debt issuance is expected to slow, but remain elevated from the historical average as EM issuers rush to make the most of low rates and abundant liquidity according to Deutsche Bank credit strategists Hongtao Jiang, Rebecca Klausen, and Viacheslav Shilin. Get The Full Warren Buffett Series in PDF Get the entire 10-part series on… Please follow and like us:

Read More

Paul Singers $2 Billion Bet

A review of Paul Singer’s portfolio and his fearless investing strategies. His current focus: NXP Semiconductors (NasdaqGS: NXPI). Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign… Please follow and like us:

Read More

Income rise buoys bank valuations

SHANGHAI-China’s largest banks posted double-digit increases in lending income in the July-September quarter, validating some of the earnings optimism that has fueled a rally in their shares this year. Industrial & Commercial Bank of China Ltd, Bank of China Ltd and Agricultural Bank of China Ltd reported average net interest income gains of 15 percent on… Please follow and like us:

Read More

Aramco chief confirms IPO as doubts linger

As questions swirl around the viability of Saudi Aramco’s initial public offering, the oil giant’s CEO has stepped in to confirm the IPO is on track for the second half of 2018. The plan to float five percent of state-owned Aramco — expected to be the world’s largest stock sale — forms the cornerstone of a… Please follow and like us:

Read More

Venture capital valuations: “Mind-boggling” complexity

The number of public companies in the US has been steadily declining for years. There were 7,322 public companies in 1996; today there are 3,671. Although it is important not to confuse this with the shrinking of the stock market as the value of listed firms has risen from 105% of GDP in 1996 to 136%… Please follow and like us:

Read More

Is It Finally Time to Look Beyond US Large Caps?

The last eight years have been a great run for investors, with valuations climbing higher and the major indexes tripping over themselves to set new records. As of this month, the second longest bull market in history is only 10 months shy of the all-time record, which is starting to make some investors nervous. Over the… Please follow and like us:

Read More