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☆ 'The economy and stock market have never seen anything like this': There's an unprecedented number of recession signs flashing, veteran strategist says
▼ + stars: | 2024-05-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The US economy and stock market are on a clear path to recession, according to Paul Dietrich. The B. Riley Wealth Management CIO pointed to a handful of warning signs that suggest a downturn is on the horizon. The final blow to the economy could be the US pulling back on stimulus spending, he warned. AdvertisementThere's a large number of warnings flashing for the US that suggest the economy is on a near-certain path to recession, according to B. Riley Wealth's chief investment strategist Paul Dietrich. In a recent note, he pointed to a cluster of warning signs in the economy, such as hotter-than-expected inflation throughout the first quarter and greater volatility in the market.

Persons: Paul Dietrich, —, Riley Wealth's, Dietrich Organizations: Riley Wealth, Service, Wall Street, Business

☆ Warren Buffett's selling stocks like Apple as he sees trouble ahead — but he'll spend if markets crash: elite strategist
▼ + stars: | 2024-05-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWarren Buffett is cashing in stocks like Apple because he knows the good times won't last — but he'll spend big once disaster strikes, a veteran strategist says. AdvertisementThe conglomerate's disposals fueled a $21 billion increase in its stack of cash and Treasurys to a record $189 billion. Related storiesDietrich underscored that as a value investor, Buffett prizes underpriced assets and avoids expensive ones. Apple, which remains Buffett's largest stock holding by far, has more than tripled in value since he finished building the position in 2018.

Persons: —, Warren Buffett, Paul Dietrich, Riley Wealth, Buffett, Dietrich, He's, Jeff Bezos, Jamie Dimon, Meta's Mark Zuckerberg, he'll, Goldman Sachs, Davidson Organizations: Service, Apple, Business, Berkshire Hathaway, Berkshire, Walmart, downturns, Electric, Dow Chemical Locations: Berkshire

☆ S&P 500 is at risk of crashing 44% — and selling early could pay off, says elite forecaster
▼ + stars: | 2024-04-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

The S&P 500 is at risk of plunging 44% to around a four-year low, Paul Dietrich said. The top strategist explained that selling stocks well before they crash can yield outsized returns. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe stock market may be headed for a 44% crash — and getting out early could pay off, Paul Dietrich said. This story is available exclusively to Business Insider subscribers.

Persons: Paul Dietrich, Dietrich, —, Riley Wealth Organizations: Service, Business

☆ Warren Buffett's favorite market gauge hit a 2-year high, signaling stocks are heavily overvalued and could crash
▼ + stars: | 2024-03-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWarren Buffett's favorite market gauge has surged to a two-year high of 184%, signaling stocks are overvalued and could suffer a devastating crash. Investors use it to compare the overall value of the stock market to the size of the national economy. It also relies on GDP, which excludes overseas income, whereas US stocks price in the value of companies' domestic and international operations. AdvertisementYet the metric's return to the lofty levels that preceded past market disasters is a clear red flag for some experts.

Persons: —, Warren, Buffett, yardstick, Buffett's yardstick, John Hussman, Paul Dietrich, Riley Wealth Organizations: Service, Business, Wilshire Indexes, Wilshire, Nvidia, Microsoft, Federal, Nasdaq, Hussman Investment Trust Locations: Wilshire, Berkshire

☆ Wall Street titans like Jamie Dimon, David Solomon, and Jeffrey Gundlach are still worried about a recession — and warn investors are too complacent
▼ + stars: | 2024-03-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Here's a roundup of recent recession warnings from six experts:This story is available exclusively to Business Insider subscribers. Jamie Dimon, JPMorgan Chase CEOAdvertisementThere's a long history of investors being caught off guard by sudden downturns, Dimon told CNBC this week. AdvertisementSteve Hanke, Johns Hopkins professorThe US economy is headed for a recession if history is any indication, Hanke told Business Insider this week. AdvertisementPaul Dietrich, B. Riley Wealth Management's chief investment strategist"We're still on the path to recession," Dietrich told Business Insider in a recent interview. AdvertisementJeffrey Gundlach, DoubleLine Capital CEO"I think recession is closer than most people think," Gundlach said in a recent YouTube video.

Persons: —, Jamie Dimon, There's, Dimon, David Solomon, Goldman Sachs, Solomon, Ellen Zentner, Morgan Stanley's, Zentner, Steve Hanke, Johns Hopkins, Hanke, Paul Dietrich, Riley Wealth, We're, Dietrich, Jeffrey Gundlach, Gundlach Organizations: Service, Federal Reserve, Business, JPMorgan, CNBC, UBS, DoubleLine Locations: American, Russia, Ukraine, Israel

☆ Why parts of the ‘Magnificent 7’ are losing their luster
▼ + stars: | 2024-02-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +6 min

After turbocharging late 2023's stock market rally, some of the " Magnificent 7 " technology darlings are looking less magnificent this year. Shares of Meta and Nvidia are leading the Magnificent 7 for the year, with both stocks jumping roughly 34% each. The rest of the Magnificent 7 stocks, however, have received anywhere from 70% to 85% buy rating consensus. While the other five are forecast to see at least double-digit earnings growth estimates, analysts predict Apple's earnings growth to stay relatively unchanged. On the other hand, consensus estimates call for Tesla earnings to fall by 20%.

Persons: turbocharging, Tesla, Art Hogan, Hogan, Baird, Elon Musk's, Ben Kallo, Tim Long, Piper Sandler, Harsh Kumar, Charles Schwab, Kevin Gordon, Gordon, Ed Yardeni, isn't, Yardeni, Russell, Fred Imbert Organizations: Nvidia, Meta, Microsoft, Apple, Wall Street, Riley Wealth Management, CNBC, BYD, Barclays, Blips, Yardeni Research, titans Locations: Delaware, China

☆ S&P 500 futures gain after Meta, Amazon results as jobs report looms: Live updates
▼ + stars: | 2024-02-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

On the other hand, Dow Jones Industrial Average futures hovered near the flatline. The Dow Jones Industrial Average added 0.97%, while the S&P 500 and Nasdaq Composite respectively gained 1.25% and 1.3%. The action follows a Wednesday sell-off that started after Federal Reserve chair Jerome Powell indicated that a rate cut at the March meeting was unlikely. Economists polled by Dow Jones are calling for payrolls to have grown by 185,000 positions, and for the unemployment rate to inch higher to 3.8%. That compares to December's blowout of 216,000 positions added and an unemployment rate of 3.7%.

Persons: Jerome Powell, Art Hogan, It's, it's, Hogan, Dow Jones Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Meta, Facebook, Amazon, Apple, Dow Jones, Federal, Riley Wealth Management, CNBC, Chevron, Exxon Mobil, Myers Squibb Locations: China, mull, Bristol, Cigna

☆ The S&P 500 is officially in a bull market now. Here’s how long they typically last
▼ + stars: | 2024-01-19 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

This all-time high confirms the bull market that started in October 2022 when the broad index hit a low of 3,577.03. While the conventional wisdom holds a bull market is any gain greater than 20%, most market observers wait for a new high to be made before calling it an official bull market. The median length of a bull run is just north of 1,500 days. Performance in a bull market can vary. The longest bull run lasted between 2009 and 2020 — nearly 4,000 calendar days — with an overall gain of more than 400%.

Persons: Hogan Organizations: CFRA Research, Bull, Federal Reserve, Riley Wealth Management, Investment

☆ Three-Stock Lunch: McDonald's, Eli Lilly and Airbnb
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: McDonald's, Eli Lilly and AirbnbArt Hogan, Riley Wealth Management chief market strategist, joins ‘Power Lunch’ to discuss three stocks: McDonald's, Eli Lilly and Airbnb.

Persons: Eli Lilly, Art Hogan, Riley, Airbnb Organizations: Riley Wealth Management

☆ Here's why the stock market is taking the Middle East violence in stride so far
▼ + stars: | 2023-10-09 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

"At the end of the day, tying that to what it means for the S & P 500 in the fourth quarter, that's a much more difficult exercise." Indeed, both the Dow and the S & P 500 moved solidly into positive territory Monday afternoon, and the tech-focused Nasdaq was higher as well. Not surprisingly, energy stocks on the S & P 500 jumped 3.7%, while industrials and discretionary stocks also posted solid gains. Finally, while the market often has knee-jerk reactions to geopolitical events, they rarely last unless there are other complicating factors. "When you look back at geopolitical issues, the market looks past them," said Lindsey Bell, chief market strategist at 248 Ventures.

Persons: Hogan, that's, Lindsey Bell, Bell Organizations: Riley Wealth Management, Dow, Federal Reserve, Columbus Day, Ventures, Reserve Locations: Israel, that's

☆ Markets are in lock step with yields, says B. Riley's Art Hogan
▼ + stars: | 2023-10-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets are in lock step with yields, says B. Riley's Art HoganArt Hogan, B. Riley Wealth Management, joins 'Power Lunch' to discuss yields soaring to levels not seen since 1987.

Persons: Hogan Art Hogan Organizations: Riley Wealth Management

☆ Fitch's credit downgrade should be wake up call for the U.S. government, says B. Riley's Art Hogan
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFitch's credit downgrade should be wake up call for the U.S. government, says B. Riley's Art HoganKathryn Rooney Vera, Chief Market Strategist at StoneX, and Art Hogan, Chief Market Strategist at B. Riley Wealth Management, join 'Last Call' to talk Fitch's downgrade of U.S. credit, the state of the markets, the U.S. debt ceiling and more.

Persons: Hogan Kathryn Rooney Vera, Art Hogan Organizations: U.S ., Riley Wealth Management Locations: U.S

☆ Wall Street rides high into next week as traders brace for a major Fed decision and key earnings
▼ + stars: | 2023-07-21 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The recent streak of gains in markets could be in jeopardy next week as traders come up against a big Federal Reserve meeting and earnings shift into high gear. However, markets are ramping up just ahead of several catalysts next week that could roil markets. According to the CME FedWatch Tool, 83% of traders expect monetary policymakers will be done at that point. 'Floodgate' of earnings season including tech The biggest week for earnings season is also up ahead, with results having been mixed thus far. Personal Consumption Expenditure index (June) 10 a.m.: Consumer sentiment (July final) Earnings: Exxon Mobil , Chevron , Procter & Gamble , T. Rowe Price

Persons: Jerome Powell, Hogan, Powell, Shannon Saccocia, Jackson, Yung, Yu Ma, that's, Saccocia, Northrop Grumman, Rowe Price Organizations: Reserve, Dow Jones, Riley Wealth Management, BMO Wealth Management, Big Tech, Microsoft, Chicago, P Global, PMI, GE, GE HealthCare, GM, Boeing, Hess, ADP, CME Group, eBay, Honeywell, Hershey, McDonald's, Mastercard, Northrop, Royal, Enphase Energy, Mobile, Ford Motor, Intel, Mondelez, Exxon Mobil, Chevron, Procter, Gamble Locations: Royal Caribbean

☆ Here's why the market is ignoring a tell-tale sign that a recession is coming
▼ + stars: | 2023-06-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

For just shy of a year now, the bond market has been signaling that a recession is on the horizon. And for the better part of the past six months, the stock market has been ignoring it. "The market's certainly not acting like it would if this 'Waiting for Godot' recession was right around the corner. "I would say it's much more about what started this conundrum, the combination of pandemic policy, pandemic reopening and hyperaggressive monetary policy. A key narrative from those looking for recession is the lag effects that Fed policy will have.

Persons: Godot, Hogan, Nicholas Colas, Colas, There's, Jeremy Siegel, Siegel Organizations: Riley Wealth Management, Federal Reserve, Treasury, New York Fed, DataTrek Research, Wharton Business Locations: It's, U.S

☆ Market momentum wanes heading into the final week of June after monster rally in the first half
▼ + stars: | 2023-06-23 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Against this backdrop, investors will head into the final week of June with a relatively light economic calendar. However, those few data sets could provide investors with clues on how the market will fare going into the second half. Key inflation data ahead Of note next week is the core personal consumption expenditures index, the Fed's preferred inflation gauge. Reports to watch out for include Tuesday's new home sales and Thursday's pending home sales data, both for May. Elsewhere, BTIG's Jonathan Krinsky warned this week the downside for tech names could be as "equally impressive" as their rally.

Persons: Jerome Powell, annualized, Dow Jones, Terry Sandven, Sandven, that's, Megan Horneman, Stephen Suttmeier, BTIG's Jonathan Krinsky, Art Hogan, Hogan, Mills, Paychex Organizations: Dow Jones, Nasdaq, Federal, Bank of England, Global Wealth Management, Americas, UBS, U.S, Bank Wealth Management, Verdence Capital Advisors, Bank of America, Dow, Riley Wealth Management, Fed, Walgreens, Micron, Nike, Constellation Brands

☆ B. Riley's Art Hogan names these two retailers as top picks
▼ + stars: | 2023-06-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailB. Riley's Art Hogan names these two retailers as top picksArt Hogan, chief market strategist at B. Riley Wealth Management, joins 'Power Lunch' to discuss market resiliency and resilient names in retail.

Persons: Hogan Organizations: Riley Wealth Management

☆ What to watch for in the markets in the week ahead: Monster tech earnings, then sell in May?
▼ + stars: | 2023-04-21 | by ( Scott Schnipper | ) www.cnbc.com time to read: +6 min

More than one third (35%) of the S & P 500 reports earnings next week — including megacaps Microsoft, Alphabet, Meta Platforms and Amazon — versus less than 12% in the week just ended and only 2% last week. So far this quarter, S & P 500 earnings are running 4.7% below the same period a year ago, Refinitiv data shows. Back then, the S & P 500 fell 19.4% from its April high to a low on October 3. Meanwhile, next week is the last full trading week before Wall Street's old adage to "sell in May and go away" takes hold. ET: FHFA Home Price index (February); S & P Case-Shiller home price indexes (February) 10:00 a.m.

☆ Play defense with these fortress stocks in the second quarter
▼ + stars: | 2023-04-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Bahnsen's investment philosophy focuses specifically on high-quality stocks that have a high dividend yield, along with consistent increases. One of his favorite plays is Procter & Gamble , which currently has a dividend yield of 2.5%. EOG has a 2.9% dividend yield and also has been paying a special dividend. Health-care names Names in the health-care sector are generally considered defensive. Quanta Services has a dividend yield on the lower end, at 0.2%.

☆ The stock market is amazingly in the green since the bank crisis broke out. Here's why
▼ + stars: | 2023-03-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Despite the banking crisis, the S & P 500 is actually higher than it was the day before Silicon Valley Bank's troubles dragged the banking sector down. Crisis causes Fed to 'grip the wheel' The bank crisis is also seemingly affecting the Federal Reserve 's policy of raising interest rates, experts said. Yet on Wednesday, the Fed announced a 25 percentage point increase , while expressing caution about the banking crisis. "The banking crisis basically caused the Fed to grip the wheel with two hands and take a more cautious approach to its rate tightening policy," Stovall said. "Other areas of the economy, including larger companies who may maintain access to bank credit and public markets (and perhaps consumer relative to commercial borrowers) might then escape with less negative impacts," he said.

☆ Dow futures rise more than 100 points after UBS buys Credit Suisse to stem bank crisis: Live updates
▼ + stars: | 2023-03-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

S&P 500 futures and Nasdaq-100 futures climbed 0.3%. UBS agreed to buy Credit Suisse for 3 billion Swiss francs, or $3.2 billion, with the combined bank to have $5 trillion in assets. But traders may be anxious for more to be done by regulators to stem the slide in regional banks. The SPDR Regional Banking ETF (KRE) tumbled 14% last week. "I think there's there's been an overreaction to the regional banks ... And that likely represents an opportunity," said Hogan.

☆ First Republic tumbles as $30 billion rescue fails to reassure investors
▼ + stars: | 2023-03-17 | by ( Medha Singh | ) www.reuters.com time to read: +3 min

[1/2] A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike SegarMarch 17 (Reuters) - Shares of First Republic Bank (FRC.N) tumbled 17% in early trading on Friday after being briefly halted as $30 billion in deposits injected by large U.S. banks failed to quell investor worries about the beleaguered lender. Founded in 1985, First Republic had $212 billion in assets and $176.4 billion in deposits as of the end of last year, according to its annual report. "Judging by the market's reaction, it appears that maybe the damage has been done to the brand reputation of First Republic. First Republic said it borrowed up to $109 billion from the U.S. Federal Reserve between March 10 and March 15.

☆ First Republic Bank shares drop as $30 bln rescue fails to reassure investors
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

[1/2] A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike SegarMarch 17 (Reuters) - Shares of First Republic Bank (FRC.N) tumbled 13% in premarket trading on Friday as $30 billion in deposits injected by large U.S. banks failed to quell investor worries about the beleaguered lender. Shares of other U.S. mid-size banks including Western Alliance Bancorp shares (WAL.N) and PacWest Bancorp (PACW.O) dropped 2% and 5%, respectively. First Republic was caught up in a widening banking crisis triggered by the collapse of two other mid-size U.S. lenders over the past week. The rescue package came less than a day after Swiss bank Credit Suisse (CSGN.S) clinched an emergency central bank loan of up to $54 billion to shore up its liquidity.

☆ There'll be a 'severe earnings recession' in U.S. banking: Strategist
▼ + stars: | 2023-03-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Severe earnings recession' in U.S. banking as long as there's an inverted yield curve: StrategistPaul Dietrich of B. Riley Wealth Management says that will keep the banking sector down for "quite a long time."

☆ If you want to be defensive, look for strong balance sheets, says B. Riley's Art Hogan
▼ + stars: | 2023-03-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf you want to be defensive, look for strong balance sheets, says B. Riley's Art HoganArt Hogan, B. Riley Wealth Management, joins 'Power Lunch' to discuss the Consumer Price Index data and whether the Fed has managed to finally get a grip on inflation.

☆ Fed pause in 2023 will ignite 'risk on' behavior in stocks, says Art Hogan
▼ + stars: | 2023-01-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed pause in 2023 will ignite 'risk on' behavior in stocks, says Art HoganArt Hogan, chief market strategist at B. Riley Wealth Management, joins CNBC's "Power Lunch" to discuss his outlook on the market and the Fed's fight again inflation.

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