I must confess that when I started these updates in February, I did not expect to be doing them in July, but a crisis is as good a time as any, to learn new lessons and relearn old ones. As the virus makes a comeback, particularly in the United States, it is not surprising that […]
Fear and greed are dueling forces in financial markers at all times, but especially so in periods of uncertainty, when they pull in opposite directions, causing wild market swings and momentum shifts. I think that no matter what your market views are right now, you would agree that we are in a period of intense […]
It has been close to four weeks since my last viral market update, and I could come up with a whole host of excuses for the delay, but the truth is that I have not had much to say that is original, and I am naturally lazy. That said, markets have settled in, mostly with […]
In the weeks since my first update on the crisis on February 26, 2020, the markets have been on a roller coaster ride, as equity markets around the world collectively lost $30 trillion in market cap between February 14, 2020 and March 20, 2020, and then clawed back more than half of the loss in […]
I get a sense that I am approaching the end of this series of weekly posts, or perhaps I am just hoping that it is true, as the COVID crisis continued to play out in markets in the last two weeks, albeit on a more subdued scale and with a more positive twist. In this […]
It is a sign of how volatile the last few weeks have been, that a week like the last one, where index levels move only 2-3% a day, high by historic standards, felt stable. As in prior weeks, I will start this one by looking at how the market action last week played out across […]
My first post on this blog was on September 17, 2008, a week into the 2008 crisis, and I honestly did not expect to be posting for long, anticipating that after a few posts, that crisis would be behind us, and that we could go back to our lives. That of course turned out not […]
At the end of each of the weeks leading into the last one, I have done a market update, reflecting the changes that occurred in the week, not just to market values, but also to investor psyches, and each week, I have hoped that it would be the last one needed for this crisis. That […]
In the midst of a crisis, it is very difficult to think about life in its aftermath, but there will come a time, when investors and companies will shift their focus. To be able to do so, they have to survive the crisis, and for many companies, that has become the immediate challenge. In the […]
I am quoted in this Bloomberg article: His Berkshire Hathaway Inc., which has stayed relatively quiet during the tumult of the coronavirus pandemic, broke its silence at the end of a holiday weekend with its biggest acquisition in more than four years. The agreement for Dominion Energy Inc.’s natural gas pipeline and storage assets signaled to the […]
DAVID KASS’ PICKS OFTEN OUTPERFORM THE MARKET. HERE ARE HIS LATEST PICKS. Jul 01, 2020 Finance SMITH BRAIN TRUST – If you follow David Kass’ stocks to watch, it’s time to update your holdings. Kass, clinical professor of finance at the University of Maryland’s Robert H. Smith School of Business, is holding onto some longtime favorites (Berkshire […]
The largest 5 stocks by market capitalization are substantially outperforming the S&P 500 and the Dow Jones Industrial Average (DJIA) Year-To-Date (YTD) as of July 2, 2020. The total market capitalization of these 5 technology stocks equals $6.2 trillion, about 22% of the total capitalization of the S&P 500 ($28 trillion). (1) Apple ($1.58 trillion) […]
The Wall Street Journal published my Letter to the Editor on Federal Reserve policy: Regarding James Grant’s “Powell Has Become the Fed’s Dr. Feelgood” (op-ed, June 29): It seems that the author is suggesting that the Federal Reserve should abandon its congressional mandate of conducting monetary policy to achieve the dual objective of maximum employment […]
The largest 5 stocks by market capitalization are substantially outperforming the S&P 500 and the Dow Jones Industrial Average (DJIA) Year-To-Date (YTD) as of June 26, 2020. The total market capitalization of these 5 technology stocks equals $5.9 trillion, about 22% of the total capitalization of the S&P 500 ($27 trillion). (1) Apple ($1.53 trillion) […]
The largest 5 stocks by market capitalization are substantially outperforming the S&P 500 and the Dow Jones Industrial Average (DJIA) Year-To-Date (YTD) as of June 19, 2020. The total market capitalization of these 5 technology stocks equals $6.0 trillion, approximately 20% of the total capitalization of the S&P 500 ($27 trillion). (1) Apple ($1.52 trillion) […]
Barron’s published my Letter to the Editor (June 19): Fed Reassurance To the Editor: The article “The Fed Is Optimistic About the Recovery—If Congress Does More Now” (The Economy, June 12) mentions that the Federal Reserve’s latest projections are optimistic about the postcrisis “longer run” prospects for the U.S. economy. I would add that their […]
I am quoted in this InvestorPlace article: When asked about the impact on the economy, Clinical Professor of Finance David Kass at the University of Maryland’s Robert H. Smith School of Business said in an email to InvestorPlace, “To prevent the recession from becoming a depression, the Federal Government will have to plug the hole in […]
The largest 5 stocks by market capitalization are substantially outperforming the S&P 500 and the Dow Jones Industrial Average (DJIA) Year-To-Date (YTD) as of June 12, 2020. The total market capitalization of these 5 technology stocks equals $5.8 trillion, approximately 20% of the total capitalization of the S&P 500 ($26 trillion). (1) Apple ($1.47 trillion) […]
Kevin Hassett, President Donald Trump's top economic adviser, suggested Goldman Sachs may be slanting its economic research to help Democrats ahead of the midterm elections.
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files.
NAM Lee Pressed Metal Industries posted a 97 per cent drop in net profit to S$125,000 for the half year ended March 31, from about S$4.1 million a year ago.
DORR Global Healthcare's mandatory unconditional cash offer for Axington shares closed with valid acceptances of 20.81 per cent as at 5.30pm on Monday.
CROMWELL European Real Estate Investment Trust (Cromwell E-Reit), whose current portfolio is mostly made up of office and light industrial or logistics properties in Europe, is now planning to make its foray into the data-centre business.
THE Monetary Authority of Singapore (MAS) and Temasek on Monday released a report highlighting the "commercial potential" of Project Ubin, paving the way towards live adoption of blockchain technology.
SINGAPORE shares pulled back at Tuesday's open, with the benchmark Straits Times Index (STI) losing 13.18 points or 0.5 per cent to 2,617.90 as at 9.02am.
SINGAPORE stocks ended Monday on a softer note, after a surprise general election outcome in the early hours of Saturday that saw the ruling People's Action Party (PAP) secure a smaller-than-expected margin of victory.
SHARES of Catalist-listed healthcare players Medtecs International Corporation and UG Healthcare tumbled on Monday, prompting separate queries from the Singapore Exchange (SGX) over the "unusual price movements" for both counters.
SINGAPORE Paincare Holdings, which has lodged its initial public offer (IPO) prospectus on Monday, aims to provide more relief options, including minimally invasive procedures, to those suffering from chronic pain.
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