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☆ Dow sinks nearly 700 points after GDP report, heading toward its largest drop of the year
▼ + stars: | 2024-04-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —US stocks sank Thursday morning after the latest GDP report showed that US economic growth slowed to 1.6% in the first quarter of the year, a much weaker pace than expected. “This report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting,” wrote Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, in a note Thursday morning. Economic growth appears to be floating back down to earth after notching a very strong second half of 2023. GDP grew by 4.9% and 3.4% in the third and fourth quarters of last year. Those sticky inflation rates have pushed investors to slash their expectations for interest rate cuts by the Fed.

Persons: Dow, ”, Chris Zaccarelli, They’re, It’s, stagflation, Jamie Dimon, “ Stagflation, “, we’ve, Ben Carlson Organizations: New, New York CNN, Nasdaq, Federal Reserve, Independent, Alliance, Fed, Economic, of New, JPMorgan, Ritholtz Wealth Management, Tech, Meta, Microsoft, Amazon Locations: New York, of New York

☆ After a banner 2023, the market faces a tough challenge for a repeat performance
▼ + stars: | 2024-01-02 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Since 1928, the S & P 500 has finished up 20% or more about 36% of the time. Yes, 2022 was down about 19%, but the S & P has posted declines of 10% or more only 12% of the time since 1928. Could the S & P gain 20% again in 2024? That run from 1995 to 1999 was certainly epic, but that was the last time the S & P 500 saw back-to-back 20% gains. Regardless, with the S & P 500 closing the year at 4,769, a 20% gain next year would mean the S & P would hit 5,722.

Persons: Ben Carlson, Jessica Rabe, Nicholas Colas, Tom Lee, John Stoltzfus Organizations: Ritholtz Wealth Management, DataTrek Research, Fundstrat Global Advisors, Oppenheimer Asset Management

☆ CNBC Pro Talks: Planning your successful financial life from the Future Proof wealth festival
▼ + stars: | 2023-09-12 | by ( Yun Li | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: Planning your successful financial life from the Future Proof wealth festivalCNBC Pro is live at the Future Proof wealth festival with a panel of top advisors to help you build your investment portfolio for the long term. CNBC's senior markets correspondent Bob Pisani sits down with Ritholtz Wealth Management's Ben Carlson and Morningstar's Christine Benz and Ben Johnson for groundbreaking ideas on retirement, annuities, asset allocation, tax tips and much more.

Persons: Bob Pisani, Management's Ben Carlson, Morningstar's Christine Benz, Ben Johnson Organizations: CNBC, Ritholtz

☆ Hip-hop stars and financial luminaries: Ritholtz Wealth Management redesigns the investment conference
▼ + stars: | 2023-09-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Surf City USA —for a financial conference. A financial conference on a beach? Reinventing the financial conferenceWelcome to FutureProof, billed as "the largest gathering of top-tier wealth management professionals, CEOs, CTOs, COOs, and fast-growing financial advisors." It's the brainchild of Barry Ritholtz, co-founder, chairman, and chief investment officer of Ritholtz Wealth Management, and CEO Josh Brown. "Coming out of the pandemic, it was obvious to us that the traditional financial conference was past its sell-by date," Ritholtz told me.

Persons: Tang, Redman, They're, Jeremy Siegel, Jeff Kleintop, Charles Schwab, Emily Roland, John Hancock, Cliff Asness, Jeff Gundlach, maven Jan van Eck, Barry Ritholtz, Josh Brown, Ritholtz, FutureProof, You'll, Goldman, Goldman Sachs, Morgan Stanley, JP Morgan, RIAs, Dan Ives, Scott Wapner, Siegel, Morningstar, Christine Benz, Jeffrey Ptak, Ben Johnson, podcasters Michael Batnick, Ben Carlson, Wu, Tang Clan Organizations: Wharton, Ritholtz Wealth Management, Chiropractic, Health, Investment Advisors, CNBC, Financial Locations: Huntington Beach , CA, Huntington Beach , California, Surf, Huntington Beach, AQR, DoubleLine, FutureProof, COOs, Wells, Wedbush, Young

Here are the meanings of the least-found words that were used in (mostly) recent Times articles. 1. pellicle — a thin skin or film:Chestnuts, a holiday favorite, don’t make it easy for us to cook them at home. The pellicle, its sticky inner skin, clings to the nut and can give it a bitter taste. This is achieved less by rethinking motivations than by burrowing into the language, far richer than I imagined. — The Best Coffee Break Is an Affogato (Aug. 11, 2021)The list of the week’s easiest words:

Persons: pellicle, chyme, Jimmy, yecch, ’, Brunie, McDermott, ‘, ”, Forest Simmons, Michael Starbird, Su, dotard, Seana McKenna, Ben Carlson, cortado, Maillard, enby, Taylor Mason, Asia Kate Dillon, —, clayey, bombe Organizations: Charter, Education, Andersen, Russian Locations: New York, Ontario, Copenhagen, Morningside Heights, Manhattan

☆ Apple versus the world: The iPhone maker is bigger than almost any stock market in the world
▼ + stars: | 2023-05-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Buried on page 74 is a chapter on "World Equity Market Capitalization," listing the market capitalization of most of the world, country by country. The $40 trillion in stock market wealth in the U.S. is almost 60% of the value of all the equities in the world. My friend Ben Carlson pointed out that Apple's current market capitalization of about $2.7 trillion this week exceeds the entire market capitalization of the United Kingdom, the third biggest stock market in the world. Apple is twice the size of Germany's entire stock market, with 255 companies. Regardless: Apple is bigger than the entire U.K. stock market?

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