Powell Pick Seen Positive for Risk Despite Knee-Jerk Selloff
One key takeaway is stocks should benefit from reduced uncertainty and market should calm in coming days. Another is dollar should get some support.
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There Are Many Signs That Fintech is in a Bubble
Many signs that fintech is in a bubble, billionaire investor Flowers says. Many companies trade at 10 times what a normal company would trade.
Investor Ackman Says U.S. Facing 'Classic Bubble'
Investor Ackman says U.S. facing 'classic bubble' fueled by Fed's easy money policy. The Fed will need to tighten rates quickly to fight inflation.
UBS, DBS Top Executives Warn That High Inflation May Stay
The world may see “uncomfortably high” rates of inflation for one to three years, UBS Group AG Chairman Axel Weber said Wednesday.
The Democrats’ Big Tax Cut for the Rich
Build Back Better bill includes obscure change to tax code that will actually build back bank accounts of wealthy individuals in wealthy blue states.
An Unrealized Capital Gains Tax Would Wallop Big Stock and Bitcoin Investors
If an unrealized capital gains tax is enacted, it could have major ramifications for the economy and create a dangerous precedent.
A “January Effect” for Stocks in November
So, what do the latest Fed pronouncements mean for the stock market? I’d say nothing bad for fundamentally superior smaller-cap growth stocks.
