Stock Market Will Be Flat for a While, Says Bob Doll
Flanked by giddy bulls and gloomy bears, the Nuveen strategist looks for an earnings rebound in the fourth quarter and a lessening of the virus’ malign effect.
Market Moves
ESG-Friendly Stocks Have Done Better in Virus Downturn, BofA Says
‘A bear market necessity’: Higher employee satisfaction is critical factor, the study concludes.
Economic Pain May Last for Years, Shiller Warns
Psychological effect of persistent virus could make businesses and consumers overly cautious, hurting GDP, the economist says.
Tail Risk Hedges Are Vital for Investors Now, Argues Black Swan Theory Guy
Things are so unpredictable that buffering yourself against unknown surprises only makes sense, says Nassim Nicholas Taleb.
Gundlach Charges the Fed Is Propping Up Rickety Companies
The central bank’s program to buy corporate debt just delays the inevitable collapse and makes it worse, the Bond King contends.
How the Stock Market Will Forecast Who Wins the White House in 2020
Since 1928, an LPL study shows, if the S&P 500 is up three months before Election Day, then the incumbent party almost always triumphs.
GDP Growth Will Limp Along for the Next 10 Years, Says Moody’s Economist
In the most far-reaching pessimistic forecast yet, John Lonski blames productivity stagnation.
Ed Yardeni Slams the Fed for Setting Up a Market Slide
The central bank has jazzed up investors so much that a nasty fall will result, the economist warns.
Active Funds Still Are Losers, Malkiel Says
Contrary to current predictions, pandemic-propelled volatility won’t finally let them outshine index portfolios, passive investing’s father argues.
How Little-Guy Investors Bested the Pros by Riding Popular Iffy Stocks
Goldman Sachs study shows that, since this year’s low point, ordinary market players shot past the smart money, 61% to 45%.
Roller Coaster Markets Don’t Dampen Investor Optimism
Despite whipsaw market volatility, financial professionals expect only modest declines in 2020.
Hey, Washington, Buy Gold to Support Dollar, Guggenheim CIO Says
Scott Minerd calls on Fed to increase its holdings of the metal—which, unlike the dollar, is rising in value.
Druckenmiller Owned 5 Hot Stocks, but Only Gained 3% in the Rally? Huh?
Half his portfolio was in the likes of high-flying Amazon, but he came nowhere near the S&P 500’s 40% March-June rebound. Was caution-minded hedging to blame?
PE-Related Bankruptcy Filings Soared in May
Too much debt and the virus economic slide harmed companies such as Hertz and J. Crew.
Don’t Get All Excited by the Green Light for PE in 401(k)s
Private equity isn’t always a market beater and charges high fees. Besides, it’ll be confined to larger investment pools, like target-date funds, which limits its impact.