Jerome Powell went out of his way to placate liquidity-addicted markets last week. But if the US economy bounces back, the Fed may find itself having to raise rates – and very quickly too.
Elon Musk’s stated intention to de-list Tesla is just the latest sign of the rise and rise of private markets. Marina Gerner reports.
For capitalism to thrive, there needs to be a strong shareholder base of ordinary investors, says Merryn Somerset Webb. Taking Tesla private sends the wrong signal.
There are plenty of reasons to think that US stockmarkets are due a big fall. But they carry on rising. It will happen eventually, says Dominic Frisby, but not yet.
America’s benchmark S&P 500 stockmarket index has been in a bull market since March 2009 – or just over 3,400 days. It is only 50 days short of the longest post-1945 bull run, October 1990 to March 2000.
The constituents of America’s S&P 500 index are expected to spend $650bn buying back their shares this year, which would set a new annual record.
America’s Russell 2000 small-cap stock index has gained 6% since 1 January, while the S&P 500 index of blue-chips is barely in the black.
US earnings have had their best quarter since 2010, when they were bouncing back from the financial crisis.
Will America’s west coast or China’s east win the battle for tech firm supremacy? It’s still all to play for, says Matthew Lynn.
After a week of unexpectedly strong earnings reports, the FANG tech stocks (Facebook, Amazon, Netflix and Google) have bounced back.
All the indicators point to a looming 30% fall in the S&P 500 and the Dow Jones Industrial Average, says investor Mark Mobius, founder of Mobius Capital Partners.