S&P 500

More Market Milestones and Fed Do-Overs

More Market Milestones and Fed Do-Overs

Dow 27K! S&P 500 3K! NASDAQ 8200! Just months after the bull market in stocks and the current expansion each became the longest on record, U.S. equity indexes reached more milestones last week. Sure, the economy is expanding, but you can thank one person for the recent leg up in the bull market rally: Fed Chairman Jerome Powell.

Investor Greed Prevention Plan

Investor Greed Prevention Plan

Was the fourth quarter of 2018 just a bad dream for investors? It sure looks like it now. With just two trading sessions left in the month, the S&P 500 is on track to close out the first four months of the year with its best results in 32 years (1987), has rallied more than 20 percent from the December lows, and has also bested its previous all-time high!

CBS Sunday Morning: Are We due Another Banking Crisis?

In 2008, the banking system was near total collapse, the stock market was in free fall, and government officials (it seemed to many) were as clueless as the rest of us. I joined CBS Sunday Morning for a look back at the housing and banking crisis that almost dragged the world down into another Great Depression, talking with historian Adam Tooze and Wall Street Journal reporter Gretchen Morgenson about how many of the new rules put into place to protect the system from suffering another meltdown are being diluted.

Have a money question? Email me here.

CBS This Morning: What Action to Take Amid the Sell-Off

Stock market investors have been enjoying the longest bull market in Wall Street history, but the bulls stumbled badly earlier in the week, before making a slight comeback Friday. All three of the major indexes posted losses of up to four percent for the week, the worst five-day run in six months. I joined CBS This Morning: Saturday to discuss what investors should do next.

Have a money question? Email me here.

Oct Stock Sell Off: What to do NOW

Oct Stock Sell Off: What to do NOW

Stocks dropped by about four percent on the week and the proximate cause was the strength of the economy. In the bizarro world of investing, here’s how the reasoning goes: When the economy is expanding, the Federal Reserve has to increase short-term interest rates to ensure that inflation does not eat away at growth. That part has been built into most analyst assumptions, but only recently have we seen yields on 2, 5 and 10-year government notes start to climb. During the week, the 2-year spiked to the highest level in a decade and the 10-yr hit its top level in seven years.

Rooting for a Recession...and a Bear Too!

Rooting for a Recession...and a Bear Too!

I have a confession: I’m rooting for a recession -- and a bear market. Of course I don’t want people to suffer, but the longer both the expansion and bull market continue, the more we tend to forget that they can actually end, leading some to make poor financial decisions.