US stocks sank on Monday while bitcoin’s (BTC-USD) slump deepened, as Wall Street’s strong late-November rebound looked set to hit a speed bump on the first trading day of December.
Tech led the retreat, with the Nasdaq Composite (^IXIC) down around 1% and the S&P 500 (^GSPC) dropping roughly 0.7%.
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Broadcom and Amazon could be set to outperform next year.
If you want to outperform the market, you’re going to need to find stocks that can outpace the S&P 500. While that may not sound that difficult, J.P. Morgan analysts found that between 1980 and 2020, about two-thirds of stocks in the Russell 3000 Index,
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US stocks opened sharply lower on Monday as Wall Street’s strong late-November rebound hit resistance on the first trading day of December. Tech stocks led the pullback. The Nasdaq Composite fell nearly 1% at the open before trimming losses, last seen at 23,212, down 0.66%.
The S&P 500 slipped about 0.7%,
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Broadcast Retirement Network’s Jeffrey Snyder discusses evaluating and implementing retirement income products with SS&C Technologies’ Ryan Grosdidier and Income America’s Matthew Wolniewicz, AIFA.
Jeffrey Snyder, Broadcast Retirement Network
This morning on BRN retirement, building the bridge to retirement income,
Warren Buffett is worth over $140 billion, but he wasn’t born rich.
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Michael Burry, the investor made famous by The Big Short, is back to criticizing Tesla (TSLA). In a new article, Burry takes aim at the “tragic algebra” of stock-based compensation (SBC), which focused primarily on NVIDIA, but the famed investors also specifically highlight Tesla’s high dilution rate and argue that the company’s pivot to robotics is just the latest narrative shift to prop up a “ridiculously overvalued” stock.