Steve Hanke tells BI investors are shrugging off serious risks — and Trump is causing historic uncertainty
Investors are brushing off the Iran-Israel conflict as another brief distraction on the road to fresh highs. Steve Hanke thinks their complacency could prove costly.
The professor of applied economics at Johns Hopkins University told Business Insider that Israel has been directly or indirectly tied to seven of the 19 major geopolitical events since 1950.
Read MoreChip Stocks Still Leading the Charge as Nvidia Stock Hits Record
Nvidia stock has underlined its status as the artificial-intelligence king this week, reaching its highest level on record and regaining the chip designer the title of the world’s most valuable company.
Shares were up another 1.3% ahead of Thursday’s opening bell. Market veteran Ed Yardeni touted Nvidia and its peers in a research note late Wednesday,
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Read MoreAeroVironment: Buy Or Sell AVAV Stock At $235?
LONDON, ENGLAND – SEPTEMBER 26: The British Army display a AeroVironment Wasp Small Unmanned … More
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Read MoreStock market today: Dow, S&P 500, Nasdaq futures climb as Trump eyes naming a replacement for Fed's Powell
US stock futures climbed on Thursday amid growing bets on interest-rate cuts as President Trump appeared to get closer to naming his replacement for Federal Reserve Chair Jerome Powell.
Dow Jones Industrial Average futures (YM=F) rose roughly 0.3%, while S&P 500 futures (ES=F) added 0.4% after the broad benchmark fell just short of securing a new all-time closing high.
Citadel outshone by smaller hedge fund rivals in trade war turmoil
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Ken Griffin’s hedge fund Citadel has been outshone by smaller rivals so far this year, as the firm was stung by the market volatility unleashed by Donald Trump’s trade war.
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Read MoreThe Burst
Top Market Guru Says Sell Stocks
In 2022, stock markets worldwide had a particularly bad start. The S&P500 fell more than 9% during January, albeit making something of a comeback. The index regained 11% from its local low but was still down 8% for the year when JPMorgan’s top-ranked strategist, Marko Kolanovic, advocated that investors move some money from stocks to bonds in response to ongoing concerns.
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Read MoreThe Ivy
Market Commentary: “Stocks To End Year Higher” Says Billionaire
A long time ago, an old mentor once said “it’s easy to be bearish, but how do build a bullish argument in spite of the bearish news?” No matter what point in history you pick, you will find reasons to be downright scared of the future.
In the 1940s, it was World War II.
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