The Daily

Wells Fargo has just reaffirmed on its bearish Tesla call, ignoring the stock’s rally and as a reminder to investors that bears still persevere on Wall Street. Despite the underweight rating, the bank forecasts Tesla shares will collapse another 70% to $125 in the next year.

Wells Fargo’s analyst commented that the grim prediction is driven by weak business fundamentals.

 » Read more about: Three Reasons Why Wells Fargo Predicts 70% Plunge on Tesla's Stock  »

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Shaquille O’Neal became an NBA legend during a hall-of-fame career that included four world championships and a partnership with Kobe Bryant on the Los Angeles Lakers.

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Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various …

 » Read more about: 1DKNG : What the Options Market Tells Us About DraftKings  »

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 » Read more about: NASDAQ, Dow Jones and S&P 500 Forecast – US Indices Rally After CPI Misses  »

US stocks rallied on Wednesday as high hopes for bank earnings paid off and a crucial consumer inflation update showed prices increased less than expected in December.

The benchmark S&P 500 (^GSPC) popped more than 1.6% while the Dow Jones Industrial Average (^DJI) rose more than 1.5%.

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq soar as inflation cools, bank earnings shine  »

Investors have been starting to worry that the 10-year yield would keep climbing to 5%, a level it hadn’t hit since mid-2007, just before the beginning of the Great Recession and 2008 financial crisis. The 10-year got thisclose to 5% in October 2023, hitting a peak of 4.987%. It doesn’t seem a coincidence that the last time the stock market went into a correction – a 10% pullback from a recent peak – was right around that time.

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 » Read more about: My Top 10 High Dividend Yield Stocks For January 2025, One Yields Over 8%  »

Illustration: Chen Xia/GT

The accelerated expansion of the US fiscal deficit not only plunges US government debt into an increasingly unsustainable predicament, but also casts a heavy shadow over the global economy, particularly developing economies, under the dollar’s hegemony.

The US government posted a $711 billion deficit for the first three months of the 2025 fiscal year,

 » Read more about: GT Voice: Record US fiscal deficit calls for vigilance from developing world  »