China recently experienced a housing crash that is comparable in size to what the US experienced during 2006-10. Before considering the impact of that housing crash, let’s review what happened in the US.
The past week saw major market shifts, including Trump halting trade talks with Canada, a surprise drop in oil prices, rising recession risks, a significant decline in the U.S. dollar, and Nvidia's surge to the top.
The market’s now front-running not just the Fed, but the next Fed. Futures are starting to price a post-Powell pivot party, with traders betting on at least five cuts by end-2026—up from four just a month ago.
There was a write-up about how well equity momentum funds are doing this year. At one point during the April carnage, momentum funds were reportedly doing poorly, but have they turned it around? JP Morgan has a momentum ETF with the symbol JMOM.
While Social Security is in no danger of insolvency, its existing payout schedule, including annual cost-of-living adjustments (COLAs), is at risk of being cut in the near future.
The S&P 500 and the Nasdaq both set all-time highs this week. This feat seems remarkable given the barrage of negative headlines, geopolitical risks, and a Federal Reserve intent on not cutting rates.
For six consecutive decades from the 1940s to the 1990s, average GDP growth was always 3.1% or higher. Sometimes better, sometimes worse, but that was the average.
