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Jeremy Grantham, the co-founder of GMO, has identified four areas of the stock market that he believes are worth investing in, despite concerns about a potential bubble.
Even as U.S. inflation missed forecasts again and Treasury debt yields reared up in reaction, AI-fueled Wall St stock indexes powered on regardless to record closing highs - either ignoring the readout, or perhaps even thriving on it. Although annual "core" CPI inflation fell again to 3.8% - its lowest in almost three years - it was a tenth of a percentage point above forecast, the headline inflation rate ticked up surprisingly to 3.2% and monthly readings were sparky. But interest rate futures shaved expected Fed easing expectations for the year nonetheless and both two and 10-year Treasury yields pushed higher - the latter up by more than 5 basis points to 4.15%, where it sat early on Wednesday.
Morning Bid: Sidestepping CPI for AI, China Wobbles Anew usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Stock market today: Wall Street drifts near its records amid a worldwide lull for markets journal-news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journal-news.com Daily Mail and Mail on Sunday newspapers.
Wall Street drifts near its records amid a worldwide lull for markets naharnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naharnet.com Daily Mail and Mail on Sunday newspapers.
U.S. stocks drifted to a mixed close as a lull carried through financial markets worldwide. The S&P 500 slipped 0.2% Wednesday, a day after setting an all-time high. The Dow
Stock market today: Wall Street drifts to a mixed close, holding near record levels - Medicine Hat NewsMedicine Hat News medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.
U.S. stocks drifted to a mixed close as a lull carried through financial markets worldwide. The S&P 500 slipped 0.2% Wednesday, a day after setting an all-time high. The Dow
AI craze stokes 'bubble within a bubble,' says GMO's Jeremy Grantham biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.