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Earnings Optimism at Wall Street Drives Market Higher, Dow Jones Surges 120 Points

Earnings Optimism at Wall Street Drives Market Higher, Dow Jones Surges 120 Points
coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.

Caught short strategists are a stealth stock market accelerant

While nobody believes the published opinions of strategists are particularly meaningful to the day-to-day motion of share prices, the phenomenon illustrates a dynamic thats been supporting equities for more than a year.

Jeremy Grantham Interview, Sam Bankman-Fried Advice, Inflation: Insider Investing

Inflation Is Here Make These 2 Trades to Protect Against It: BofA

Inflation rose more than expected in April, which spooked investors. Bank of America s Savita Subramanian says active managers are ill-prepared for it. She shared two trades for an inflationary environment. Investors are getting a strong dose of inflation fears this week, as the consumer price index a key measure of inflation jumped more than expected in April. Prices rose by 4.2% from last April and by 0.8% from March, both higher than economists were anticipating. Stocks were down big because of the surprise. The Dow had its biggest daily drop since January, while the S&P 500 fell by as much as 3.4% and the tech-heavy Nasdaq was down by more than 4%.

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