Wells Fargo is in Trouble Yet Again

The workforce gender gap has been a fight since well back into the 1800’s and continues to be fought today. Many people don’t think that it exists, and those who are still out there fighting are referred to as feminist. Some consider feminism to be a derogatory word, but that’s the reality. Women and men … Read more

Stock market ‘on cusp’ of important test: Watch this S&P 500 level if 2022 low gives way, says RBC

The S&P 500 is approaching an important level to watch beyond its 2022 low, as investors anticipate a spike in jobless claims amid recession fears and soured sentiment in the U.S. stock market, according to an RBC Capital Markets note.  “We think stocks are on the cusp of an important test,” said Lori Calvasina, head … Read more

Forget a soft landing. The market’s best hope is a “growth” recession

The Fed darkened its tone at last week’s policy meeting, warning of serious economic hardship ahead, and markets finally took the central bank at its word. The S&P 500, already in a bear market, experienced another major downswing on Friday. The Dow fell briefly into bear territory and closed at its lowest level since 2020. … Read more

U.S. stock futures dip, dollar rises as Italian election results add to uncertainty

U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears. After falling nearly 200 points earlier in the session, Dow Jones Industrial Average futures YM00, -0.54% were down about 150 points, or 0.5%, around midnight Eastern, … Read more

This ‘single greatest predictor of future stock-market returns’ has fallen sharply — and that’s a bullish sign

CHAPEL HILL, N.C. – A good chunk of the bull market’s excesses have been worked off, according to the “Single Greatest Predictor of Future Stock Market Returns.” And that’s good news. I’m referring to the indicator, first proposed by the Philosophical Economics blog in 2013, that is based on the average household’s portfolio allocation to … Read more

Actually, Costco Is Raising its Membership Prices

Warehouse clubs remain a tremendous value for customers even if they do charge a membership fee in order to shop there. Costco (COST) , Walmart’s (WMT) Sam’s Club, and BJ’s Wholesale (BJ) all offer members a similar proposition — pay a membership fee and get access to a selection of items at low prices. There … Read more

How to get a guaranteed return of 1.3% per year above inflation

TIPS in recent months have become an increasingly attractive option for the fixed-income portion of your retirement portfolio. I’m referring, of course, to the Treasury’s Inflation-Protected Securities. They are similar to traditional Treasury notes and bonds except that their quoted yields are above and beyond the Consumer Price Index. Real yields, in other words. Right … Read more

Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.

It will be difficult for the stock market to stop its slide and find a bottom as long as the U.S. dollar keeps soaring versus its rivals, according to market analysts. Global stocks suffered a bruising week, with the S&P 500 on Friday narrowly avoiding its lowest close of the year. At the same time, a … Read more

AT&T Stock Approaches Key Support as Dividend Yields 7%

AT&T  (T)  stock’s underperformance had been well documented even before the 2022 bear market. The stock is down 45% over the past five years, 44% over the past 10 and 57% this century. So what does everyone like about this company? Clearly, the dividend. Until this year, AT&T was a dividend star, having raised its … Read more

Why I’m Not Worried About the Stock Market

A lot of scary words have been floating around with “recession” and “inflation” at the top of the list. People are worried about the economy and the Federal Reserve has not been helping as it steadily raises interest rates. That, in theory, acts as a check on inflation, but mostly makes money more expensive which … Read more