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BofA’s Hartnett Warns Overbought Global Stocks Face Sell Signal

by The Wealth Advisor Contributor
Global equities are flashing an overbought warning, with moving averages already at levels that historically mark a sell signal for risk assets.

Featured

Wealth Inequality and the ‘K-Shaped’ Economy are More Striking Than Ever, Data Shows

The gap between the best and worse off Americans is growing — and economists don’t see an end in sight.

Trump Nominates Kevin Warsh to be Next Fed Chair

Opting for a conventional choice to lead the Federal Reserve, President Trump on Friday nominated former Fed governor Kevin Warsh.

Software Stocks Enter Bear Market On AI Disruption Fear With ServiceNow Plunging 10%

Investors question whether AI competitors and automation tools could erode demand for traditional software licenses and workflows.

Recent

Commentaries

Dalio Versus Gundlach: Taking On The Bond King

Ray Dalio isn't excited about bonds when China pays 3% a year. All Gundlach can say in response is to take a longer view and swallow pain meanwhile.

Washington Wire

Larry Summers: Worst U.S. Macroeconomic Policy in 40 Years

Summers points the finger at both Democrats and Republicans for creating "enormous" and irresponsible fiscal risks as the economy recovers.

Commentaries

Goldman, JPMorgan And More Sound Inflation Alerts

Bloomberg solicited the views of top money managers on their make-or-break hedging strategies ahead of a return to a world where inflation matters.

Commentaries

Stimulus Is Here, Now Taxes Are The Wall Of Worry

“It’s going to be talked about as it becomes a reality. But the market’s focus right now is clearly on getting to the other side of this pandemic.”

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Companies

JPMorgan, Bank Of America Announce $1,000 Trump Account Match As Corporate America Support For Retirement Scheme Deepens

Washington Wire

IRS Owes Some Taxpayers Refunds For Pandemic-Era Penalty Tax Relief, Watchdog Audit Finds

Economy

The Dollar Could Have Further To Fall As Its Decline Creates A ‘Double-Edged Sword’ For America

The Trust Advisor

Prince Andrew’s Daughters Beatrice And Eugenie ‘Angry’ As $60 Million Inheritance ‘Wiped Out’

Companies

Hot Takes: Tesla, Meta, And Microsoft Quarters Are Wildly Different

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