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.
Ontario threatens electricity amid Trump-Canada trade war. What would that mean for US?
Ontario Premier Doug Ford is threatening to cut off Canadian power to the U.S. in retaliation for President Trump’s trade war, a move that could boost already high electricity prices in some states.
On Monday, Ford told The Associated Press that “everything is on the table,” including cutting off electricity to the U.S.
Read MoreThe Burst
Market Commentary: 1 Pet Stock You Would Be Barking Mad To Overlook
Following a market correction in 2022 of about 20%, this year has been topsy turvy with some stocks doubling and others lagging like an anchor is tied to their share price.
PetMed Express falls into that latter category as losses mounted but the underwhelming performance has created a potential opening for value investors to get in at really low prices.
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Read MoreThe Ivy
Why Buffett’s Latest Move Is So Scary
Buffett says he doesn’t time the market but when you look at his past moves, it’s clear that the old sage uses metrics that happen to coincide well with smart market timing.
Take his purchases at the bottom of the market in 2008-09 when he deployed almost 50% of his cash pile within the space of just a few weeks in October 2008.
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