“The market is record bullish on future earnings for the top 10 companies in the index.”
Apollo’s chief economist calls the S&P 500 ‘vulnerable’ as it hovers just below all-time high of 5,523. Here’s what has him worried
Financial News
Nvidia alone accounts for more than a third of the S&P 500’s gains this year—and it’s a big risk for investors, top economist warns
“The bottom line is that the extreme concentration of returns in the S&P 500 makes investors more vulnerable to single headlines impacting the one stock driving index returns.”
Chase bank to let advertisers target customers based on spending data
Marketers in the new program will only pay the bank when a customer makes a purchase
Millennials reclaim title of biggest home buying generation, but boomers still have upper hand
Boomers’ 2023 beat was a blip, as millennials have outpaced their elders for the past seven years
Powell sees need for more evidence that inflation is easing before cutting rates
Federal Reserve Chairman Jerome Powell said Wednesday it will take a while for policymakers to evaluate the current state of inflation.
Bank of America CEO Brian Moynihan explains why you’d better ‘get used to mortgage rates of six, seven percent’
“Pricing went up, and wages went up,” the Bank of America CEO told CNBC at a Miami investor conference. “They just went up in two different cycles.”
