Foreign stocks are crushing US shares, even with the new record high
American investors are pumped about a new record high in the S&P 500 stock index. Meh. It’s actually not much to brag about.
South Korean stocks also hit new highs recently, and they’re up 37% so far this year. German stocks are up 28%. Mexican stocks, up 27%. The gain in Hong Kong is 20%.
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Read MoreUS economy contracts in first quarter
WASHINGTON, D.C. — The US economy contracted more than previously estimated in the first three months this year, according to government data released on Thursday, with consumer spending and exports weaker than expected.
US gross domestic product (GDP) decreased at an annual rate of 0.5 percent in the first quarter,
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Read MoreFederal Reserve’s Bowman says rate cut should be on table in July
By CHRISTOPHER RUGABER, Associated Press
WASHINGTON (AP) — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House.
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Read MoreIs Coca-Cola The #1 Stock During the Next Market Meltdown?
The recent market rebound feels more like a shaky truce than a confident comeback. Sure, stocks have climbed back from bear territory since April, but between persistent inflation and rising geopolitical tensions (hello, Middle East), the whole thing still feels like a house of cards.
So what do you do if you’re worried the next leg down is coming?
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Read MoreUS economy 'on wobbly footing': Why Wall Street strategists are cautious about stock market's recent records
Stocks staged a historic comeback from their April lows, finishing the first half of the year on a high note with the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) securing back-to-back all-time records.
A large part of the market’s gains has hinged on easing geopolitical tensions and tariff-related deescalations,
The Burst
1 Billion Reasons To Buy This Industry Leader
The day after releasing its fiscal 2023 second-quarter earnings report, DocuSign (DOCU) stock rose over 10%. Investors liked what they saw as the cloud-based e-signature leader beat Wall Street’s expectations, but there are still some major red flags.
Is now the time to buy into this leading e-signature company?
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Read MoreThe Ivy
Alert: 34.5% Upside in Under the Radar Global Stock
Investment Alert: Buy Celestica (CLS) Under $30/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
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