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.
This S&P 500 Fund Pays You Every Friday and Still Returned 20% Over the Past Year
A younger S&P 500 covered call fund exploits a structural blind spot that quietly costs older strategies their best gains, and it deposits cash into your account every single Friday.
If you own the Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD),
The Burst
Market Commentary: $1.7 Billion Fund Bets Massively On 1 Stock
David Einhorn has made a name for himself as the founder of Greenlight Capital, which manages around $1.7 billion at last count in Q3 2023.
Interestingly, the fund has made a massive bet on another company with Green in its name, Green Brick Partners. It’s an unfamiliar name to many investors and even those who do know of it may wonder why such a huge position was established by Einhorn and his investment team.
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Read MoreThe Ivy
Avoid This Semi Stock Like The Plague?
On August 1st, Intel released its Q2 earnings report, much to the chagrin of longtime shareholders.
In the release, the company reported a 1% year-over-year revenue drop alongside a quarterly net loss of $1.6 billion. Much more concerning was the company’s plan for a cost reduction campaign that involved layoffs, reduced capital expenditures and a suspension of the company’s quarterly dividend.
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