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☆ The Dow's yearly performance is beating the S&P 500 by the most in decades. Here's why
▼ + stars: | 2022-12-21 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +7 min

The S & P 500 has shed more than 18% on the same basis, and the Nasdaq Composite is down more than 32% . It's rare that the Dow would beat out the S & P 500 on a total-return basis at all. "Over time, the Dow correlates with the S & P 500," said Howard Silverblatt, senior index analyst for S & P Dow Jones Indices. On the flipside, large tech names in the S & P 500 have done much worse. In addition, Wall Street analysts say it is unlikely that the Dow will again outperform the S & P 500 in 2023.

☆ 2023 should be a brighter year for the traditional 60/40 portfolio
▼ + stars: | 2022-12-21 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +7 min

Investors who stuck to the traditional portfolio breakdown of 60% allocated to stocks and 40% allocated to bonds were hit hard this year as both asset classes shed value. Bonds also lost value for investors this year, going against the traditional correlation where they act as a hedge to stock market volatility. Still, most analysts don't expect the year to yield a worse performance than 2022 for the standard 60/40 portfolio. That bodes well for investors who still have a traditional portfolio balance. And even though the traditional 60/40 portfolio had a dismal 2022, investors shouldn't write it off.

☆ Turnover surges as funds rush to exit private equity stakes
▼ + stars: | 2022-12-19 | by ( Rae Wee | ) www.reuters.com time to read: +5 min

Conceived as an illiquid but lucrative method of accessing unlisted companies, private investments are typically structured into funds run by buyout firms. Investment firm Hamilton Lane says an unprecedented $224 billion in private equity stakes have been offered in the secondary market this year to mid-November. Others want to deploy their capital elsewhere - a sign that private equity funds are no longer so highly regarded. The need to sell to rebalance can occur when, as this year, private equity funds have outperformed public markets. On paper, plenty of private investments, which are typically valued quarterly, appear to have done very well this year.

☆ Lennar forecasts slowdown in orders for new homes, shares fall
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +2 min

Dec 14 (Reuters) - Homebuilder Lennar Corp (LEN.N) on Wednesday forecast a slowdown in new orders for the first quarter as high mortgage rates make properties unaffordable for some buyers. Lennar expects new orders in the current quarter to be between 12,000 and 13,500 homes, compared with new orders for 13,200 homes in the fourth quarter. However, the U.S. Federal Reserve's aggressive monetary policy tightening to curb decades-high inflation has made borrowing more difficult for customers as mortgage rates have more than doubled since the beginning of the year. Sales of previously owned homes fell for an eighth straight month in September, while homebuilding dropped, signaling that higher mortgage rates are choking the housing market. Net income attributable to Lennar rose to $1.32 billion, or $4.55 per share, in the fourth quarter, from $1.19 billion, or $3.91 per share, a year earlier.

Below, Select shares insight on what you should consider to stay on track with your retirement savings as we close out 2022. So it's important to consider this carefully so you can avoid outliving your retirement savings — or even over-sacrificing when you're younger. Or perhaps you actually don't need to be as aggressive in your retirement savings next year. Wealthfront Learn More On Wealthfront's secure site Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. Betterment Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected.

OTTAWA, Dec 8 (Reuters) - The Bank of Canada will study the most recent economic data to gauge whether to raise interest rates further, a deputy governor said on Thursday, adding it would still move forcefully if necessary. "We expect our decisions will be more data-dependent," Deputy Governor Sharon Kozicki said in a speech in Montreal, adding the bank was still prepared to be "forceful" with rates if necessary. "We are moving from how much to raise interest rates to whether to raise interest rates." Asked to clarify if being prepared to be "forceful" meant the bank was still prepared to make oversized rate moves, Kozicki said it was a hypothetical. Deliberations ahead of Wednesday's rate hike centered on how supply challenges are resolving, how higher rates are slowing demand, and how inflation and inflation expectations are evolving, Kozicki said.

OTTAWA, Dec 8 (Reuters) - The Bank of Canada will study the latest economic data to gauge whether or not to raise interest rates further, a deputy governor said on Thursday, adding it would still move forcefully if necessary. "We are moving from how much to raise interest rates to whether to raise interest rates." But three-month rates of core inflation have declined to about 3.5%, Kozicki said, an indication "that momentum in inflation is easing". Deliberations ahead of Wednesday's rate hike centered on how supply challenges are resolving, how higher rates are slowing demand, and how inflation and inflation expectations are evolving, Kozicki said. Kozicki reiterated that starting next year, the bank will release a "summary of deliberations" in an effort to provide more transparency.

☆ Biden's climate plan strains trade ties with Europe
▼ + stars: | 2022-12-06 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

The European Union and United States — together responsible for one third of global trade — have been at loggerheads in recent weeks over US President Joe Biden’s landmark $370 billion climate plan. While a trade war is unlikely, the plan is testing the transatlantic alliance and pushing Europe to consider mobilizing its own package of subsidies. The IRA is now law, and there is little appetite to bring it back to Congress to make substantive changes, he told CNN Business. The European Union has a couple of options at its disposal, analysts told CNN Business. On Monday, Italian Economy Minister Giancarlo Giorgetti said that the bloc should create its own “European IRA plan,” according to a Reuters report.

☆ India shared a list of products with Moscow for access to Russian market - minister
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +2 min

Russia has been India's largest supplier of military equipment for decades and it is the fourth-biggest market for Indian pharmaceuticals. "We have given Russians a set of products which we believe we are very competitive in and which we feel should be getting access to the Russian market," Jaishankar told reporters in a briefing with his German counterpart Annalena Baerbock, who is on a visit to India. I think a large part of it would be determined by the market," Jaishankar added. During a visit to Moscow in November, Jaishankar said India needed to boost exports to Russia to balance bilateral trade that is now tilted towards Russia. Reporting by Shivam Patel in New Delhi; Editing by Alison Williams and Peter GraffOur Standards: The Thomson Reuters Trust Principles.

In real terms, monthly average prices have been between the 76th and the 98th percentile for all months since the turn of the century. Chartbook: U.S. distillate suppliedMANUFACTURING SLOWSMost distillates are used in freight transportation, manufacturing, construction, farming, mining, and in oil and gas production. Distillate consumption is therefore highly sensitive to changes in the business cycle, especially the manufacturing and freight sectors. The slowdown in distillate consumption has been close to what would be expected based on the deceleration in manufacturing. Reduced distillate use would be consistent with an unusual increase in distillate fuel oil inventories reported over the last seven weeks in weekly surveys conducted by the EIA.

☆ Fund managers who have beaten 98% of their peers in 2022 share 9 'keeper stocks' they're betting on for 2023 — and the 3 market sectors they're overweight on
▼ + stars: | 2022-12-01 | by ( William Edwards | Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

On Wednesday, fund managers said they see value stocks continuing to outperform into 2023. Judging by their MSCI All-Country World Indexes, value stocks outperformed growth by the widest margin since 2001 in the year through September 30, according to GMO. Stocks that are cheaper relative to their fundamentals will remain strong performers in 2023, according to Ryan Kelley and Josh Wein. Even though energy stocks have experienced a sustained rally in the past few months, Kelley said that the sector still has more upside to offer investors. Over the next 12 months, the firm expects a "very strong" outperformance for energy stocks, especially from traditional names, said Ben Cook, portfolio manager for the Hennessy energy funds.

☆ Blended travel lets people switch from work to leisure with ease. Here's how hospitality and travel companies are accommodating this experience.
▼ + stars: | 2022-11-30 | by ( Sponsor Post | Created Insider Studios With Crowne Plaza Hotels | ) www.businessinsider.com time to read: +6 min

For business travelers, this means combining work with leisure or blended travel. Crowne Plaza Hotels & Resorts reimagined its hotel spaces, amenities, and service culture to help travelers flex between work and leisure. "Many other hospitality brands put the blend into bleisure, but at Crowne Plaza Hotels & Resorts, we know the future is about flexibility." Crowne Plaza Hotels & Resorts"It's vital to provide these transitional moments for the new breed of connected traveler," Taggart said. Book your blended travel experience at Crowne Plaza Hotels & Resorts.

The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, are set to hold a meeting on Dec. 4. Analysts at Eurasia Group suggested in a note on Monday that weakened demand out of China could spur OPEC+ to cut output. OPEC+ started to lower its output target by 2 million barrels per day (bpd) in November, aiming to shore up oil prices. read moreMarkets are also assessing the impact of an upcoming Western price cap on Russian oil. read moreThe price cap is due to come into effect on Dec. 5, when an EU ban on Russian crude also takes effect.

☆ It's been a volatile year for the market: These are the key things to know before rebalancing your portfolio
▼ + stars: | 2022-11-29 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

After a volatile year for the stock and bond markets, it may be time to rebalance your portfolio by shifting assets back to match your original goals, according to experts. As of Nov. 28, the S&P 500 Index was down roughly 17% year-to-date, and the U.S. bond market has dropped by around 13%, leaving many investors with significantly different allocations than one year ago. Typically, you choose an initial percentage of stocks, bonds and other assets based on risk tolerance and goals, said certified financial planner Anthony Watson, founder and president of Thrive Retirement Specialists in Dearborn, Michigan. More from Personal Finance:3 lesser-known ways to trim your 2022 tax bill or boost your refundHere's how the BlockFi bankruptcy may affect your crypto taxes for 2022What to know about the latest payment pause extension on student loansBut as the markets fluctuate, the allocation of each type of asset may shift, and without periodic rebalancing, "the portfolio starts to look very different," he said. For example, if your target is 50% stocks and 50% bonds, those percentages could eventually drift to 70% stocks and 30% bonds, which is "far riskier" than the original allocation, Watson said.

With the end of the year approaching, charitable giving is top-of-mind for many individuals. Give smarter for year-end impactYour personal portfolio and life events will best determine what a smart giving decision looks like to maximize the impact of your giving. IRA Charitable Rollover: Starting at age 70 1/2, you can make a qualified charitable distribution (QCD) from your IRA account. Charitable giving through a will or trust: Legacy gifts allow you to have a lasting impact on Doctors Without Border's work. Charitable gift annuities: If you're 65 or older and prepared to give $10,000 or more, a charitable gift annuity can provide income for one or two people via fixed payments for their lifetimes.

[1/3] Russian Foreign Minister Sergei Lavrov and his Indian counterpart Subrahmanyam Jaishankar attend a news conference following their talks in Moscow, Russia, November 8, 2022. India is keen to boost trade in this way, said the source, as it tries to narrow a ballooning trade deficit with Russia. During the Moscow visit, Jaishankar said India needed to boost exports to Russia to balance bilateral trade that is now tilted towards Russia. The list of items from Russia, which runs to nearly 14 pages, includes car engine parts like pistons, oil pumps and ignition coils. India is hoping to boost its exports to nearly $10 billion over coming months with Russia's list of requests, according to the government source.

☆ The FTX fiasco doesn't make bitcoin untouchable and crypto doomsayers are just 'people throwing gasoline,' Fundstrat's Tom Lee says
▼ + stars: | 2022-11-28 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

There's still hope for the crypto industry despite FTX's collapse, said Fundstrat's Tom Lee. Its crash flushes out bad actors, he said, adding bitcoin has historically delivered good returns. But do I think crypto is dead? "The mistake was to say that banks were untouchable and that's what happened with crypto now," Lee said. He acknowledged the pressure on the crypto industry, saying it's been a "terrible year" for the sector.

BRUSSELS, Nov 24 (Reuters) - European Council President Charles Michel will meet Chinese President Xi Jinping in China on Dec. 1 to discuss a range of global challenges including the war in Ukraine, tensions over Taiwan and EU concerns about imbalanced economic ties. The visit comes after European leaders jointly expressed concern at a meeting last month about economic reliance on China. Michel was likely to stress the need to rebalance the EU-China economic relationship and the importance of abiding by global trading rules. Since 2019, the European Union has regarded China more warily, describing it then as a partner, an economic competitor and a system rival. Reporting by Marine Strauss @StraussMarine, Benoit Van Overstraeten; Editing by Alex Richardson, Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). Financial planner Adrianne Yamaki, who only works with millionaires, has advice for a recession. She recommends increasing your cash reserves now; you'll want cash to invest when stocks are cheap. To help figure out how anyone can continue to recession-proof their finances as the year comes to an end, financial planner Adrianne Yamaki, who only works with millionaire, shared the tips she gives her clients. Yamaki says that having that mindset can help you rebalance and diversify your investments during a potential recession.

☆ Sovereign investors favour U.S., India as top 2022 investment markets, study says
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Eduardo Munoz/File PhotoLONDON, Nov 21 (Reuters) - India has emerged as the second most coveted investment market after the United States for sovereign wealth funds and public pensions funds in 2022, according to a study by asset manager Invesco published on Monday. Sovereign investors, which now manage some $33 trillion in assets, have also seen a rapid rise in allocations to private markets, though this development might start to slow with fixed income back in favour, the Invesco Global Sovereign Asset Management Study said. "Over the last 10 years sovereign investors have invested with the wind at their backs thanks to the secular bull market that emerged from the global financial crisis," said Rod Ringrow, Invesco's head of official institutions. Average annual returns for sovereign investors over the past decade stood at 6.5% and, for sovereign wealth funds alone, at 10% in 2021, Invesco found. While the United States remained the top destination, some sovereign investors were keen to rebalance portfolios, fearing they had become overly reliant on U.S. markets which left them vulnerable to the correction in equity markets seen this year, Invesco said.

☆ Premarket stocks: Fed officials crushed investors' hopes this week
▼ + stars: | 2022-11-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

But messaging from Fed officials this week has brought Wall Street back down to earth. Tech layoffs don’t mean impending recessionA series of high-profile layoffs have rattled Big Tech this month. The series of high-profile layoff announcements prompted fears that the labor market was weakening and that a recession could be around the corner. Those fears aren’t unwarranted: The Federal Reserve is actively working to slow economic growth and tighten financial conditions to rebalance the white-hot labor market. “The main problem in the labor market is still that labor demand is too strong, not too weak,” they concluded.

That came on the heels of last week's report that October consumer prices rose less than anticipated, and Fed officials have signaled they are likely done with the three-quarter-point rate increases approved at the central bank's last four meetings. "Tech companies may have over-extrapolated the rapid growth they experienced during the pandemic and are now correcting for over-hiring," the Goldman economists wrote. Job growth through October remained strong but was moderating from its pre-pandemic highs, and Fed officials said they saw some initial signs that wage growth was beginning to cool. Curbing demand is one aim of Fed rate increases that have come at the fastest pace in 40 years on the expectation that less consumption will translate into less inflation. "You'd actually expect more competitive pressure to start bringing those costs down," Fed Vice Chair Lael Brainard said Monday at a Bloomberg event.

☆ A recession could hit white-collar workers the hardest. Here’s why
▼ + stars: | 2022-11-16 | by ( Alison Kosik | ) edition.cnn.com time to read: +2 min

New York CNN Business —White collar workers would be hit harder than blue collar workers if the United States enters a recession soon, according to one economist, who said businesses have undergone a dramatic restructuring after the pandemic. “Covid shifted things around,” said William Lee, chief economist at the Milken Institute. The pandemic has accelerated automation, Lee said, and that’s pushing low-skilled white collar workers out of jobs. Those tend to be high-paying, more white-collared jobs, Challenger said. “Tech companies hired a lot over the past year and a half and they’re going through what seems to be a correction,” he said.

☆ A recession would likely hit white collar workers more, economists say
▼ + stars: | 2022-11-16 | by ( Alison Kosik | ) edition.cnn.com time to read: +2 min

☆ British government to usher in new era of austerity in effort to restore market confidence
▼ + stars: | 2022-11-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

We're going to see spending cuts," Hunt told the BBC on Sunday, while also promising the government would deliver a new and more focused plan to help with household energy bills beyond April. First, an increase in council tax with local authorities allowed to raise the level of council tax above 3% without a referendum," Raja said. "And second, an increase in both the duration and scale of the windfall tax on oil and gas 'excess profits'." Spending cuts, again executed via "stealth," could take the form of "nominal cash freezes to departmental budgets," Raja said, with spending budgets topped up minimally going forward. "If he wants to reassure the markets, he will have to announce early action in the form of a big fiscal tightening.

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