3 Solid Mutual Funds to Grab on Soaring Retail Sales
U.S. retail sales rose for the third consecutive month in April, highlighting the sector’s continued strength. While inflation significantly contributed to the increase in sales during the month, the retail industry has remained remarkably resilient despite rising prices and the prevailing geopolitical uncertainty.
Consumers have continued spending heavily,
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Read MoreKevin Warsh confirmed as Federal Reserve Chair, Powell exit priced by 2026
## Market Snapshot
Kevin Warsh’s confirmation as Federal Reserve Chair is currently priced at near certainty, with market activity suggesting a 99% likelihood of Jerome Powell’s departure by June 30, 2026. The confirmation of Warsh has led to a notable increase in the perceived likelihood of Powell’s exit.
## Key Takeaways
– Kevin Warsh’s preparation to lead the Federal Reserve appears to solidify his confirmation as Chair,
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Read MoreThe New Federal Reserve Chair Can Cause This Small-Cap Stock ETF to Surge
Quick Read
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Vanguard Small-Cap ETF (VB) holds 1,300 US small-cap stocks with a 0.05% expense ratio and has returned 156% over the past decade by using a buffer methodology that reduces forced selling compared to the Russell 2000. iShares Russell 2000 ETF (IWM) is up 35% over one year versus VB’s 10%,
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Read MoreKevin Warsh sworn in as Federal Reserve chair
Kevin Warsh will be sworn in as chair of the Federal Reserve on Friday during a ceremony at which President Donald Trump will administer the oath, according to CNBC.
At 56, Warsh will take his place as the 11th person to chair the Fed in its modern era,
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Read MoreTrump’s Midterm Nightmare: Fed Chair Kevin Warsh May Soon Raise Interest Rates, Not Cut Them
For most of President Donald Trump’s second term, the White House viewed the Federal Reserve as the economy’s biggest obstacle rather than its biggest ally. Trump repeatedly blasted former Fed chair Jerome Powell for keeping interest rates too high for too long, arguing elevated borrowing costs were choking off housing, business investment, and consumer spending.
Read MoreThe Burst
Stanley’s Latest Bold Bet, Should You Follow?
Billionaire Stanley Druckenmiller has been shaking up his portfolio lately, selling his entire stake in NVIDIA and most of his Palantir shares in order to diversify into more value-oriented stocks.
One of the most interesting buys Druckenmiller has made has been a 1.43 million share stake in Teva Pharmaceutical Industries (NYSE:TEVA).
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Read MoreThe Ivy
Is This The Most Bullish Signal Wall Street Has Ever Flashed?
In April, we witnessed something remarkable. The S&P 500 had one of its sharpest two-day drops in the last three quarters of a century, only to turn around and post its largest single-day point gain in history.
On a single trading day, all three major indexes the Dow, S&P 500, and Nasdaq booked their biggest-ever nominal advances.
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Read MoreThe Spotlight
Spotlight: Market Crash Incoming?
Some stock market indicators are better than others but have you heard of one being perfect for over a century? If the cyclically adjusted price-to-earnings ratio, better known as CAPE, is to be believed, then the markets could be set for a rocky road this year.
Unlike traditional PE ratios, the CAPE figure factors in inflation and smooths the peaks and troughs of unforeseen or surprising events –