US stockmarkets are hugely volatile right now. It’s a shake-up that’s been a long-time coming. Dominic Frisby looks at the state of the markets, and where they might go next.
Neither investors nor economists are worried about the US. But there’s plenty of evidence to suggest a recession could be just around the corner, says Dominic Frisby.
The CBOE Volatility index, or “fear gauge”, which tracks the extent to which investors try to hedge against market turbulence, hit a 24-year low last week as US stocks hit new all-time highs.
The US stock-market has continued to do well in recent months, despite high valuations, but contrarian investor Ned Davis of Ned Davis Research is wary.
In the latest of his series on stockmarket crashes, John Stepek looks at probably the worst in living memory: the crash of 1973/74.
America’s biggest companies produced a second successive quarter of double-digit profit growth for the first time since 2011 – but it’s hard to be optimistic about where profits are going.
The 1920/21 depression was a whopper, with US stocks falling by almost 50%. But now, it’s all but forgotten. John Stepek asks what we can learn from it.
It’s no secret that US stocks have been expensive for quite some time, says John Stepek. But even so, few investors realise quite how eye-wateringly expensive they’ve become.
There was a lot of hoo-ha about the Dow Jones index’s jump above the 22,000 mark. But being weighted by share price rather than market capitalisation means it is not particularly useful index to follow.
America’s S&P 500 index has the feel of a late-stage bull market about it. It could be near the top, says Dominic Frisby. But it could also go much higher.
More than $50bn was wiped off the market value of three American tobacco companies after the US Food and Drug Administration said it wants to lower nicotine in cigarettes to non-addictive levels.