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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

BofA’s Hartnett Warns Overbought Global Stocks Face Sell Signal

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

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

Insurance Advisor

Insurance Quote Rates Jump 11.8% Across US, JD Power

Climate events and the soaring cost of manufactured goods have caused insurance rates to rise to record levels this year.

Insurance Advisor

No, You Can't Buy Enough Mega Millions Tickets to Guarantee a Win

Whatever your recipe for good luck is, you may want to have it ready for Friday night's drawing of the Mega Millions jackpot.

Insurance Advisor

Judge Overturns State Rule Removing Credit Scoring From Insurance Rates

Washington Insurance Commissioner’s controversial ruling to end the use of credit scoring for insurance rates has been overturned.

Insurance Advisor

Nationwide Recognized as Top Insurer for Variable Annuity Income Guarantees

As interest rates continue to rise, annuities are feeling the impact – in a good way. By end of 2022 LIMRA predicts sales will grow by as much as 8%.

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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

The Trust Advisor

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

Economy

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

Companies

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

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