Investors haven’t been this cautious on the US stock market since 2007. According to Bank of America Merrill Lynch’s latest global fund manager survey, overall exposure to the US stock market moved to a 14% net underweight position. This marked the sixth-straight month that fund managers were net underweight the US stock market, the longest stretch since 2007 in the run-up to the financial […]
Bharat RanjanGoldman Sachs’ chief equity strategist David Kostin doesn’t think stocks are going anywhere for the rest of the year. In a note to clients over the weekend, Kostin and his team outlined 4 main reasons why the S&P 500 probably won’t do much of anything for the rest of the year and finish at 2,100. On Monday morning, futures were indicating […]
Related: New York Stock Exchange shut down over ‘technical issue’ – live updates
I wake up from my whiskey stupor to the scent of burning motherboards, and I know that something is wrong. Out the window in New York’s Financial District, two men in torn bespoke suits roast a body over an oil drum. It looks like Thomas Friedman’s, but I […]
Outside, I take in the scene: street preachers denouncing Gnosticism, a lone banker trying to garrote himself with ticket tape, and the Bull – that gold, beautiful bull – running through the streets like Zeus. I chase after it for a quote, but, like the dubious financial transactions powered by super-compressors, it is too quick.Smoke. Weeping. Screams.I hire now-former JP […]
It’s hard to spot an asset price bubble, especially if you’re in the midst of one. Usually, people find out they’re in a bubble only after it bursts.Goldman Sachs’ David Kostin offers this interesting stock market chart in a new note to clients. It’s a favorite of his.It shows the sector composition of the S&P 500 by market cap since […]
Bob Bryan
Jun. 24, 2015, 3:49 PM
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In the years since the financial crisis, stocks have rebounded strongly returning over 200% value to investors. Despite this strong news, millennials are skeptical of diving in.According to a survey done by Goldman Sachs, almost 40% of young people do not want to invest in the stock market at all. Another 45% say they are skeptical […]
Are U.S. markets soaring to new highs for the right reasons, or are we in a stock market bubble?Two indices just hit record highs: The Nasdaq Composite reached 5,107 on May 27, and the S&P 500 climbed to 2,130.82 on May 21.But Nobel Laureate and Yale professor of economics Robert Shiller told Goldman Sachs on May 29 that while he […]
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Robert Shiller isn’t ready to call the stock market a bubble. In an interview with Goldman Sachs published over the weekend, the Yale professor and Nobel Laureate said there is a “bubble element” to the behavior we’re seeing in the stock market. But outside of the “social epidemic” Shiller — who published his famous book “Irrational Exuberance” right before the Nasdaq […]
PBS NewshourRobert Shiller.There isn’t a full-on stock market bubble breaking out, but it sort of looks like it. In an interview with Goldman Sachs’ Allison Nathan this weekend, Yale professor and Nobel Laureate Robert Shiller was asked if the stock market is currently in a bubble. Shiller wouldn’t go so far as to say we’re definitely in a bubble, but said there are […]
A recent article in Seeking Alpha focused on the traditional role of some of Wall Street’s biggest players: hedge funds.In the six-year bull market that has taken the S&P 500 to new all-time highs, there has been little need for hedging or protection from a weak stock market. However, a large part of what hedge funds are meant to do […]
