Investing
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Why First Republic’s rescue isn’t arresting a selloff in U.S. regional bank stocks
Stock-market investors didn’t get much time to enjoy a brief period of relief for stocks following JPMorgan Chase & Co.’s takeover of First Republic Bank. The seizure on Monday of troubled First Republic FRC and the subsequent takeover by JPMorgan Chase JPM failed to arrest a slide in U.S. regional bank stocks on Tuesday, as…
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Best broker for the small-cap challenge
Small-Cap Ground Zero is a CHALLENGE within my most popular service, Lightning Alerts, and where I demonstrate for subscribers how I’ll attempt to grow a small account into a million solely trading small-caps. And THIS WEEK I am opening up the doors to everyone to have a front seat at two very special trainings I’m putting together:…
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Regional bank ETF hits record ‘relative’ low after First Republic’s failure, but momentum is shifting to the bulls
Regional bank stocks took a broad beating Monday in the wake of First Republic Bank’s failure, and continue to underperform the broader stock market by their widest margin in history, much worse than they did during the 2008-2009 financial crisis. While investors continue to reject the sector, on its own and on a relative basis,…
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This JPMorgan investment strategist’s side hustle is a profitable plantain business and the global labor market will lose 14 million jobs over the next five years
Hi, MarketWatchers. Don’t miss these top stories. Hotel-housekeeping jobs have fallen by 102,000 during the pandemic. What happened? “Before the pandemic, I never had a problem with getting hours,” one housekeeper told MarketWatch. Read More This JPMorgan investment strategist’s side hustle is a profitable plantain business Rachel… Source
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Amazon made earnings look better
Wall Street analysts expected the first quarter to be bad, as investors continue to bite their nails over the prospect of a recession, but after a tidal wave of quarterly financial results from corporate America last week, led by online retail behemoth Amazon.com Inc., there are signs of a little less anguish. Throughout April, Wall…
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Charlie Munger says banks ‘full of’ bad loans on commercial property: report
“‘It’s not nearly as bas as it was in 2008. But trouble happens to banking, just like trouble happens everywhere else. In the good time, you get into bad habits…When bad times come, they lose too much.’” — Charlie Munger, vice chair, Berkshire Hathaway That’s Charlie Munger, the 99-year-old vice chair of Berkshire Hathaway Inc.…
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‘I’m in a no-man’s-land’: I’m 75, selling my house and moving overseas. How do I invest the $350,000 from the sale? Where do I move?
Dear Quentin, I’m a 76-year-old retired United States Air Force Officer. I have no dependents. I am considering selling my house and, if I do so, I will net approximately $350,000. I have no no bills, and a credit score of around 830. Between my retirement, disability and Social Security Insurance, I have an annual……
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Don’t get fooled by magical thinking when it comes to your money
Of all investors, retirees need to avoid the rookie investment mistake known as “money illusion.” Yet recent evidence suggests that they remain as guilty of it as everyone else. Which is to say they’re very guilty. Money illusion is the term economists use for confusing nominal investment returns with inflation-adjusted, or real, returns…. Source
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Gold futures end just below $2,000, with modest gains for the week and month
Gold futures ended just below the $2,000 an ounce mark on Friday, gaining a few cents for the session to end higher for the week and the month of April. Investors continued to assess the outlook for the economy, the Federal Reserve’s next moves in interest rates, and developments in the banking sector. Price action…
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Should you be worried about China and Taiwan in your emerging-markets fund?
I don’t want an emerging-markets index fund in my portfolio, and I don’t care who knows it. There’s nothing intrinsically wrong with investing in emerging markets. (A new research paper from the number crunchers at hedge-fund company AQR argue that they look like a great investment right now — more on that in a moment.)…