Bank of America strategist warns market just flashed a 2000 dot-com bubble signal. Here’s how to protect your portfolio
Famed investor Michael Burry recently said the stock market’s heavy dependence on artificial intelligence (AI) today feels like “the last months of the 1999-2000 bubble,” per CNBC (1).
And he’s not alone. In early May, Paul Tudor Jones — an American billionaire hedge fund manager — told CNBC that he, too,
Read MoreTata MF lifts curbs on investment in gold ETFs
Tata Mutual Fund has lifted the curbs on large lumpsum investment in its Gold ETF and Gold ETF Fund of Funds.
On June 5, Tata MF restricted subscription transactions of ₹25 crore and above in Tata Gold ETF directly with Tata Mutual Fund with effect from June 8.
Additionally,
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Read MoreSocial Security Can’t Go Bankrupt. But Benefits Could Still Be Cut 22% in 2032
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Payroll taxes will still cover roughly 78% of scheduled benefits even if the OASI Trust Fund depletes in 2032, making a complete benefit stoppage impossible.
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Congress fixed a similar Social Security funding crisis in the early 1980s, and experts expect lawmakers to act before automatic cuts take effect.
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Read MoreHe Retired From Farming. So Why Is Social Security Counting Money From Last Year’s Crop?
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Picture a farmer who spent 40 years working corn and soybean ground. He harvests and stores his final crop, retires at 64 near the end of the year, and starts Social Security. The following spring, a grain elevator cuts a check for those bushels.
Cathie Wood and SpaceX
There are a small number of money managers whom investors avidly follow. Cathie Wood heads Ark Invest, which markets a number of exchange-traded funds and other instruments, and she gained fame for her early interest in Tesla and her embrace of tech companies with the potential to disrupt industries. Michael Burry became a household name after the publication of Michael Lewis’
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Read MoreThe Burst
Is Lemonade Stock a Sweet Deal Down 87%
When insurance technology firm Lemonade first debuted on the markets at an official price of $29 before soaring to $66 per share, it was caught up in a frenzy of bullish speculation that subsequently led the stock to rally to $183 per share.
But the excitement wasn’t to last and now the share price sits about 85% lower.
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Read MoreThe Ivy
1 Cash Cow with Massive Upside
CVS Health (NYSE:CVS) share price declined by over 23% over the past twelve months. Hurting shareholders was the recent leadership transition from CEO Karen Lynch to David Joyner, a shift that brought uncertainty to the company’s direction as investors questioned the company’s stability while facing ongoing challenges.
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Read MoreThe Spotlight
1 Indicator Has Been Right for 77 Years: What’s It Saying Now
Imagine having access to an indicator that has reliably predicted recessions with high accuracy for almost a century. Surprisingly, there is an indicator that has done just that, without receiving much mainstream attention.
This indicator was recently tallied at the end of February, so what does it say? Interestingly, the indicator’s reading contradicts the predictions of other signals that suggest a lingering bear market.
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