Sternlicht Has Big Economic Doubts
Starwood CEO sees supply chain bottlenecks and housing market dislocations as stimulus blows out normal economic relationships.
Starwood CEO sees supply chain bottlenecks and housing market dislocations as stimulus blows out normal economic relationships.
The firm didn't hold the shares prior to Archegos's implosion, a person familiar with its trading patterns says. Evidently the dip was irresistible.
The inflation risk has grown so high, says Zell, that it has made gold an attractive investment while his beloved real estate becomes less appealing.
May is known as the beginning of the end for the sweetest season for S&P 500 gains. But recently, it hasn't been a bad month for the market at all.
He’s expecting a break of 2% on the 10-year this year. That level has come to symbolize a return to pre-pandemic normalcy in the market and economy.
He said he had recently bought European equities for the first time he could remember and also that Asian equities were much better priced.
Jim Cramer hit back at billionaire investor Warren Buffett's "patronizing" criticism of retail investor-focused trading apps such as Robinhood.