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☆ Here’s what the S&P 500’s summer hot streak can teach us about the late 2023 rally and its staying power
▼ + stars: | 2023-12-02 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

In the final run-up to the late-July peak in stocks this column surveyed the rally , and asked, "Enough for now? .SPX YTD line The S & P 500's year-to-date performance Yes, the market is overbought by various technical measures. Meanwhile, Wells Fargo and Barclays are seeing the S & P 500 as dead money next year, at best. The virtues of owning the S & P 500 passively have always been low cost, tax efficiency, low turnover and broad exposure to the asset class. While 2021 was a Nasdaq 100 melt-up year, 2022 was the mirror image: Big Tech got blasted and the equal-weight S & P 500 held up better.

Persons: Goldman Sachs, Morgan Stanley, Wells, Jack Bogle, Alan Greenspan's Organizations: Federal, Deutsche, Deutsche Bank and Bank of America, Barclays, Hamas, Nasdaq, Nvidia, Meta, Apple, Microsoft, Big Tech, matchless, Treasury Locations: Wells Fargo, Israel

☆ As Election Day approaches, Democrats warn that Social Security and Medicare are at stake
▼ + stars: | 2022-11-02 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

He also pointed to impending risks to Social Security based on plans floated by certain Republican lawmakers, namely Sens. What's more, it would mean letting two of the most important laws that established Social Security and Medicare expire, he said. It is unclear what his opponent Kean's stance is on Social Security and Medicare. While that's in keeping with years past, the difference this year is Social Security has been more of a front-burner issue. "Usually, it's a lot of lip service to Social Security and how they think it's a great program."

☆ Queen Elizabeth's coffin reaches Windsor chapel ahead of burial
▼ + stars: | 2022-09-19 | by ( ) www.cnbc.com time to read: +4 min

The hearse carrying the coffin of Britain's Queen Elizabeth is escorted along the Long Walk towards Windsor castle in the funeral procession, on the day of the state funeral and burial of Britain's Queen Elizabeth, in Windsor, Britain, September 19, 2022Later the attention switched to St George's Chapel in Windsor Castle, where some 800 guests attended a committal service ahead of her burial. The coffin entered to lines of scripture set to a score used at every state funeral since the early 18th century. The casket was taken from Westminster Abbey to Wellington Arch and transferred to a hearse to travel to Windsor, where more big crowds waited patiently. Among the crowds who came from around Britain and beyond, people climbed lampposts and stood on barriers and ladders to catch a glimpse of the royal procession. "I've been coming to Windsor for 50 years now," said Baldev Bhakar, 72, a jeweler from the nearby town of Slough, speaking outside Windsor Castle.

Register now for FREE unlimited access to Reuters.com RegisterPin-drop silence fell over London's Hyde Park nearby as thousands of people, who for hours had picnicked and chatted, went quiet the second the queen's coffin appeared on screens erected for the occasion. Inside the abbey, lines of scripture were set to music that has been used at every state funeral since the early 18th century. Among those walking behind the casket was the queen's great-grandson and future king, nine-year-old Prince George. Those who had camped out in nearby streets were watching the service on smartphones, while hush descended along the Mall, one of London's grand ceremonial boulevards, as the funeral service was relayed live through loudspeakers. 1/35 The funeral of Her Majesty Queen Elizabeth II in Westminster Abbey.

Inside the abbey, lines of scripture were set to music that has been used at every state funeral since the early 18th century. Those who had camped out in nearby streets were watching the service on smartphones, while hush descended along the Mall, one of London's grand ceremonial boulevards, as the funeral service was relayed live through loudspeakers. 1/35 The funeral of Her Majesty Queen Elizabeth II in Westminster Abbey. The 40th sovereign in a line that traces its lineage back to 1066, Elizabeth came to the throne in 1952, Britain's first post-imperial monarch. "Queen Elizabeth II was without any shadow of a doubt the best known figure in the world, the most photographed person in history, the most recognisable person," historian Anthony Seldon told Reuters.

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