Banks are short more than $1 trillion in capital, says this analyst, who fears the shortfall will only get worse #business

The new year is nearly upon us, and one idea for where to invest is the banking sector, whose margins benefit from the high interest rates, at not terribly demanding valuations. Here to counter that view is Christopher Whalen, the chairman of Whalen Global Advisers, who makes the bold case that banks were short over […]

Year-end rally? Bullish stock-market pattern set to collide with stagflation fears #business

The period between now and year-end marks a historically bullish final stretch of the year for U.S. stocks, particularly just before and after Christmas. The question for investors is whether favorable seasonal factors will be outweighed by economic fundamentals. The momentum toward a year-end rush to stocks seems to only be getting stronger now that […]

Most retirees and near-retirees are worried about the stock market and inflation. Here’s what they’re doing about it.  #business

The declines in the stock market, surging inflation and rising interest rates have eroded investors’ confidence about their retirement, according to a new report by Janus Henderson Investors. A total of 45% of investors said they felt less confident in their ability to have enough money to live comfortably throughout retirement, and 9% have hired […]

Icahn loads up on Twitter, oil and gas in third quarter, dumps Welbilt #business

Billionaire investor Carl Icahn acquired more than 12.5 million shares of Twitter Inc. during the third quarter, ahead of Elon Musk’s takeover of the company, while also boosting his holdings in Occidental Petroleum Corp. and Southwest Gas Holdings., according to a filing Monday. Icahn’s stake in the social media platform, which is now private after […]

Markets are getting a wake-up call in 2023, says Morgan Stanley, which offers a plan for investors to get ready. #business

According to Fed Reserve Gov. Christopher Waller and several strategists, last week’s softer-than-expected October CPI that sent the S&P 500 to its best level in five months was overdone. His words may be getting through as stock futures point to a softer start as the last full week before Thanksgiving kicks off. We’ll also get […]