Bank stocks have gotten hammered this month. But that's exactly why it's the right time to jump into certain stocks in the sector, says Jeremy Grantham's GMO.
My latest for @BusinessInsider
https://t.co/XgM9Ll7lgS
Societe Generale's @albertedwards99 echoes Morgan Stanley's Mike Wilson, saying stock valuations are at "nosebleed" levels:
"US valuations have ascended above the clouds into the thin and dangerous atmosphere of the 'Death Zone,'" he says.
My latest:
https://t.co/lDSHuyMMec
In the past 14 months, the Federal Reserve and its chairman Jerome Powell have been on an aggressive mission to rein in prices and reestablish their credibility as managers of the US economy.
But they face a new risk, @w_c_edwards writes: going too far.
https://t.co/UGbBbBrtgZ
The biggest threat to the economy? Jerome Powell's ego.🎯
The Fed chief could push the economy into a tailspin in a misguided attempt to save his own legacy (gulp).📉
@w_c_edwards reports:
https://t.co/K76m7E84Pm
By many indications, it looks as if the Fed has won its war on inflation. But the central bank says they will continue tightening policy.
Experts warn that's the wrong path the take — and that this hawkishness is being fueled in part by legacy concerns.
https://t.co/moPb6S8VFk
5p ET #WashingtonToday
☎️ @w_c_edwards of @businessinsider on Federal Reserve's latest 0.5% interest rate increase
⭕ Omnibus gov't spending 'framework' agreement announced
⭕ POTUS speaks to U.S.-Africa Leaders Summit
📻90.1 FM in DMV
📲 https://t.co/1pY2RQrmkV
The US Conference Board Leading Index takes the 10 most effective forward-leading indicators and aggregates them into an index
It just dropped to -1.4
Over the last 40+ years, every time this indicator drops < 0 and stays there for 2+ months we are in a recession
100% hit rate