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☆ Here's why investors should stop worrying so much about concentration risk in the market
▼ + stars: | 2024-02-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The World(MSCI All Country World Index weighting)Entire U.S. stock market: 63%Japan, UK, Canada, France, Hong Kong/China combined: 17.5%Magnificent 7: 17%Source: Dimensional FundsThat seems crazy, no? For example, in the mid-1960s the concentration of the top 10 was over 40% of the S&P 500. Investors who own the S&P 500 don't have to pick those winners; they just go along for the ride. Second, U.S. stocks are global market leaders, and when a small group becomes market leaders it almost always means the U.S. stock market outperforms the world. The U.S. stock market, which was roughly 40% of the global market capitalization a short while ago, is now roughly 50% of global market capitalization.

Persons: Gregory Rowe, Berkshire Hathaway, Lilly, It's, — Organizations: New York Stock Exchange, Berkshire, Broadcom, Nvidia, Eck Semiconductor, Dimensional Fund Advisors, FS Investments, IBM, American Express, General Electric, Polaroid, Xerox, U.S, Baidu, SAP, Siemens, United, Shell, AstraZeneca, HSBC Locations: New York City, Miami Beach, Japan, UK, Canada, France, Hong Kong, China, U.S, Germany, United Kingdom

WASHINGTON, Aug 27 (Reuters) - The white gunman who shot and killed three Black people at a Dollar General store in Jacksonville, Florida, was a 21-year-old who bought his guns legally and had no criminal history, local law enforcement said on Sunday. The shooter, Ryan Christopher Palmeter, lived with his parents in a suburb of Jacksonville, Sheriff T.K. Acquire Licensing RightsPalmeter also left a will and a suicide note that were retrieved by his father, the Jacksonville sheriff said. Waters said the suspect was caught on video shooting Angela Michelle Carr, a Black 52-year-old woman, in her car outside the Dollar General, a U.S. discount chain. Authorities said he was spotted trying to enter a local historically Black college, Edward Waters University, on Saturday before heading to the Dollar General store.

Persons: Ryan Christopher Palmeter, Sheriff T.K, Waters, Palmeter, Joe Biden, Merrick Garland, Angela Michelle Carr, Joseph, AJ, Laguerre, De’Shaun, Walters, Maria Caspani, Sarah N, Lynch, Lisa Shumaker Organizations: Sheriff, Authorities, Reuters, Jacksonville Sheriff’s, REUTERS, Acquire, Washington, Dollar, Edward Waters University, Thomson Locations: Jacksonville , Florida, Jacksonville, U.S, EWU, New York, Washington

CNN —The White gunman who killed three Black people in a racist attack at a Dollar General store in Jacksonville, Florida, on Saturday legally purchased two firearms earlier this year, Jacksonville Sheriff T.K. The gunman, identified as 21-year-old Ryan Christopher Palmeter, bought a handgun in April and an AR-15-style rifle in June, the sheriff said. Jacksonville Sheriff's OfficeThe gunman used racial slurs, left behind a racist screed and drew swastikas on his firearm, authorities said. The encounter was reported to the Jacksonville Sheriff’s Office by EWU security,” the school said. Jacksonville Sheriff's OfficePhotos of the weapons the gunman had were shown by authorities, including one firearm with swastikas drawn on it.

Persons: Waters, Ryan Christopher Palmeter, ”, Palmeter, Angela Michelle Carr, Anolt Joseph “ AJ ” Laguerre, Jerrald Gallion, Sheriff Waters, Kia, Carr, Laguerre, Gallion, texted, Black, ” Waters, “, They’re, Baker, Jacksonville Mayor Donna Deegan, Ron DeSantis, ” DeSantis, Joe Biden, ” Biden Organizations: CNN, Jacksonville Sheriff T.K, Dollar, Justice, Jacksonville Sheriff's, Edward Waters University, Jacksonville, Madden, University police, University, WJXT, Authorities, Kia, Jacksonville Mayor, Florida Gov, NAACP Locations: Jacksonville , Florida, Orange, Jacksonville, Washington, Massachusetts, Oklahoma, Clay County, Duval County, Florida, America

☆ Europe is the place to invest so far in 2023. Here's why
▼ + stars: | 2023-04-24 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

U.S. stocks are off to a good start in 2023, with the S & P 500 up 7%, but Europe is just killing it. All the major European ETFs are up 15%-20% for the year and were at new highs last week. From makeup to sneakers to steel to pharmaceuticals and software to cars for the masses, Europe is outperforming. European stocks this year L'Oreal up 38% Adidas up 33% Thyssenkrup up 32% Bayer up 30% SAP up 29% Stellantis up 25% There's are several other reasons Europe is outperforming. That is historically a very low P/E ratio for Europe, in the 4th percentile (low) relative to the STOXX Europe 600 over the last 15 years.

☆ Top Wall Street strategists and money managers are warning that the risk-reward ratio for stocks is at its worst since the 2008 crisis. Here are 10 places they say to put your money instead with furth
▼ + stars: | 2023-03-01 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

In other words, the risk-reward ratio for stocks — or the equity risk premium — has to make sense, or else why take the risk by investing in them? 10 places to investDespite the lackluster outlook for stocks, strategists still say there are plenty of investing opportunities. The Vanguard US Quality Factor ETF (VFQY) and the Fidelity MSCI Consumer Staples Index ETF (FSTA) offer exposure to the above areas of the market. This supports our preference for emerging markets, and our preference for Germany and consumer stocks in Europe. Within defensives, we like consumer staples over healthcare, which we downgraded this month.

☆ Even the 'inflation is peaking' narrative is in doubt, drowning out decent earnings
▼ + stars: | 2022-10-13 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

One of the only crumbs bulls have had is the "inflation is peaking," narrative, even though it remains at a high level. Neither was the month over month change: up 0.4% (vs. 0.3% expected), and up 0.6% ex-food and energy (vs. 0.4% expected). That, for the moment, is the premium between "inflation has not peaked" and "inflation has peaked." The CPI will also drown out what is turning out to be a very good morning for earnings reports. However, the massive iShares ETF business still saw inflows, which helped limit the decline in assets under management, down 5% from the prior quarter.

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