Opinion: The stock market’s rally was a head fake and the smart money now is with the bears
The stock market, as measured by the S&P 500 Index SPX, +0.53%, has fallen below the 4100 level. That is significant because there previously was triple resistance at that level, and when SPX broke out above that level in late January, it seemed as if the next leg of the “new” bull market was underway. […]
Opinion: No ‘soft landing’ is in the cards from Fed rate hikes. Look for recession and a buying opportunity once stock prices decline.
Is the bear market of 2022 over? Are we already in the early innings of the next great bull market? The S&P 500 SPX, -0.16% finished 2022 with a 19% decline (its biggest pullback since 2008). Meanwhile, the Dow Jones Industrial Average DJIA, -0.26% lost 8.8% and the Nasdaq COMP, +0.13% tumbled 33%. It’s been […]
How the Fed is ‘collapsing’ real estate activity with higher interest rates
U.S. real estate has undergone a dramatic slowdown in transaction activity in the months since the Federal Reserve began jacking up interest rates. Sales of existing homes plunged from peak pandemic levels to about 4.1 million in November (see chart) from over 6 million units sold per year in 2021 as the Fed has dramatically […]