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Ron DeSantis was the conservative policy wunderkind considered the GOP's solution for reuniting the Republican Party in a post-Trump world. The announcement came just two days before the Republican presidential primary in New Hampshire , with DeSantis polling in the single digits in the Granite State. Yet, like all of Trump’s other presidential primary challengers, DeSantis had difficulty escaping Trump’s penumbra and failed to dent the support of his MAGA movement. He consistently polled some 40% to 50% behind Trump among likely Republican primary voters, despite his campaign and supporting political action committees raising more than $100 million to break through. Indeed, DeSantis placed a distant second in the Iowa caucuses on Jan. 15, nabbing just 21% of the votes compared with 51% for Trump.

Persons: Ron DeSantis, wunderkind, he’s, MAGA, he’d, “, Donald Trump, DeSantis, we’ve, –, ” DeSantis, Trump, Trump’s penumbra, nabbing, Nikki Haley –, I’ve, Anthony Fauci, Joe Biden, Nikki Haley, ”, ” Trump, Haley, “ globalists, Crooked Joe Biden Organizations: Florida Gov, Republican Party, Trump, Republican, ”, Sunshine State, Capitol, Trump . Former South Carolina Gov, Republicans, New Locations: Florida, Iowa, New Hampshire, Granite State, South Carolina, America

☆ Stock market hits new high after 2 years, overcoming a nasty inflation period and surging rates
▼ + stars: | 2024-01-22 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The long wait between S & P 500 all-time highs is a friendly factor for forward performance, as far as historical observations go. John Kolovos of Macro Risk Advisors says, "It is OK to be bullish on the stock market (S & P 500) just not the market of stocks (everything else)," from a trend-following perspective. Barry Knapp of Ironsides Macroeconomics calculates that the equal-weight S & P is one standard deviation cheap versus the market-cap-weighted index. Remarkably, the S & P 500 first pushed above 19-times forward earnings exactly four years ago, right before the Covid crash. Well, the S & P 500 has delivered an annualized total return near 11% in the four years since.

Persons: Ned Davis, Wayne Whaley, Whaley, I've, haven't, John Kolovos, Barry Knapp, Knapp, USTs, it's, hasn't Organizations: Ned Davis Research, Foresight, Federal, noncommittal, Nvidia, Nasdaq, Deutsche Bank

☆ What Microsoft’s hack means for its $20 billion cybersecurity franchise and its rivals
▼ + stars: | 2024-01-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Microsoft 's hacking disclosure could be a challenge for its $20 billion-a-year cybersecurity franchise but bullish news for fellow portfolio name and rival Palo Alto Networks. Microsoft stock was trading modestly lower Monday but has climbed more than 5% since the start of 2024 following last year's 56% gains. Microsoft's cybersecurity incident doesn't leave us any less bullish on the mega-cap name. While its cybersecurity business pulls in about $20 billion in annual sales, Microsoft's revenue jumped 7% in 2023 to nearly $212 billion. The Securities and Exchange Commission's (SEC) new disclosure rules around cybersecurity attacks could be another catalyst for Palo Alto, Jim added.

Persons: hasn't, Nobelium, Jim Cramer, Jim, Palo, Exchange Commission's, Nikesh Arora, Estee Lauder, Clorox, Okta, Jim Cramer's, Satya Nadella, Justin Sullivan Organizations: Microsoft, Palo Alto Networks, Wall, SolarWinds, Apple, JPMorgan, Securities, Exchange, SEC, Palo Alto, Corporations, Palo, CNBC, MGM Resorts, Caesars Entertainment Locations: Russian, Palo, Palo Alto, Davos, Switzerland, San Francisco

☆ 14 ways to get better at using ChatGPT: Comprehensive prompt guide
▼ + stars: | 2024-01-21 | by ( Aaron Mok | ) www.businessinsider.com time to read: +12 min

Here are 12 ways you can write better ChatGPT prompts. Prioritize clarity and precisionDeStefano-Tangorra suggests that ChatGPT users "explicitly outline your expectations within the prompt" by adding precise words. "Clear and specific prompts lead to more relevant and useful responses," she said. Couto finds that the best marketing copy reads at a fifth- or sixth-grade level, which includes "short sentences and paragraphs, a conversational tone, and simple language." OpenAI's prompt guide suggests copying and pasting articles into ChatGPT, and then asking the chatbot to answer questions based on them.

Persons: —, ChatGPT, It's, Jacqueline DeStefano, Jason Gulya, Rob Cressy, Cressy, Peggy Dean, Dean, " DeStefano, Tangorra, Agatha Christie's Miss, DeStefano, Gulya, Anna Bernstein, didn't, Bernstein, Mary, Ashley Couto, Couto Organizations: Service, Business, Berkeley College, GPT, Facebook, Microsoft Locations: Asia

☆ A Moonshot Plan to Fill a Cavernous, Dilapidated Armory in the Bronx
▼ + stars: | 2024-01-19 | by ( Stefanos Chen | Winnie Hu | ) www.nytimes.com time to read: +1 min

It has been called the world’s largest armory — a palatial fortress in the middle of the northwest Bronx, with turrets overlooking the subway station. But for nearly 30 years, the Kingsbridge Armory has languished despite grand plans by mega-developers, billionaire investors and celebrities to repurpose the 570,000-square-foot landmark. It hopes to bring high-tech manufacturing jobs, a live performance space, new businesses and affordable housing to the city-owned site. The proposed development, if selected by city officials, would be led by the Northwest Bronx Community and Clergy Coalition, an influential nonprofit group that has fought for racial justice, affordable housing and economic development in the city’s poorest borough since 1974. The plan grew out of years of frustration among community leaders and residents who were tired of being sidelined in previous plans for the armory.

Organizations: Kingsbridge Armory, Northwest Bronx Community, Clergy Coalition Locations: Bronx, Kingsbridge

☆ 'A lot of ifs and leaps of faith': 7 investment chiefs and strategists break down earnings trends in what may be a make-or-break Q4, and 3 sectors to watch
▼ + stars: | 2024-01-19 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Markets are closely monitoring Q4 earnings results, which began rolling out in mid-January, since they give much-needed clarity on the prior year while setting the tone for the year ahead. AdvertisementWhat to expect during the Q4 earnings seasonEarnings seasons often bring surprises, but there are also bankable bets. But we're going to be driven more by the macro, if we're excluding these mega-cap tech stocks." 3 sectors with boom-or-bust potentialWhile the strategists Business Insider spoke with didn't provide investing recommendations, several shared which sectors they're watching in Q4. Bianco believes the tech sector's earnings will rise over 20% this year.

Persons: —, Matt Stucky, Stucky, David Kelly, UBS Josh Jamner, That's, Jamner, Carol Schleif, Schleif, there's, Anthony Saglimbene, David Bianco, Saglimbene, Bianco, Brad Klapmeyer, Klapmeyer, " Bianco, Ameriprise's Saglimbene, BMO's Schleif, Indrani De, De, she's, he'd, that's Organizations: Service, Business, Northwestern Mutual Wealth Management, Asset Management, UBS, ClearBridge Investments, BMO Family Office, DWS, Macquarie Asset Management, FTSE Russell Locations: Americas

☆ Meta shares close at a record as last year's mega rally continues
▼ + stars: | 2024-01-19 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. The share rose almost 2% on Friday to close at $383.45, setting a new record. Zuckerberg pitched 2023 as a "year of efficiency" following a disastrous 2022, when the stock plunged 64% to its lowest since 2016. However, Meta's market cap is still below its record, because the company has been buying back tens of billions of dollars in stock, reducing the number of shares outstanding. Watch: The AI dark horse: Why Apple could win the next evolution of the AI arms race

Persons: Mark Zuckerberg, Mark Zuckerberg's, Zuckerberg, Meta Organizations: Meta, Apple Locations: Menlo Park , California

☆ Main theme in 2024 will be a broadening beyond the mega-cap growth leadership: Citi's Scott Chronert
▼ + stars: | 2024-01-19 | 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 EmailMain theme in 2024 will be a broadening beyond the mega-cap growth leadership: Citi's Scott ChronertScott Chronert, Citi Research head of U.S. equity strategy, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate path outlook, and more.

Persons: Citi's Scott Chronert Scott Chronert Organizations: Citi Research

☆ NBA postpones second Warriors game after assistant coach’s death
▼ + stars: | 2024-01-18 | by ( Micah Washington | ) www.cnbc.com time to read: +1 min

Assistant coach Dejan Milojević and Kevon Looney, #5 of the Golden State Warriors, talk before the game against the Los Angeles Lakers during the Western Conference Semifinals in the 2023 NBA Playoffs at Crypto.com Arena in Los Angeles on May 6, 2023. The National Basketball Association said a second Golden State Warriors game has been postponed after the team's assistant coach Dejan Milojević died earlier this week. ESPN will instead broadcast the Brooklyn Nets versus Los Angeles Lakers Friday night. "We are absolutely devastated by Dejan's sudden passing," said Warriors Head Coach Steve Kerr in a press release. Milojević was in his third season on the Warriors' coaching staff, including the team's 2022 NBA Championship run.

Persons: Dejan Milojević, Looney, Milojević, Steve Kerr Organizations: Golden State Warriors, Los Angeles Lakers, Western, Crypto.com Arena, National Basketball Association, Warriors, Dallas Mavericks, ESPN, Brooklyn Nets, The Warriors, KK Mega Basket, Atlanta Hawks, San Antonio Spurs, Houston Rockets, CNBC PRO Locations: Los Angeles, Belgrade, Serbia

☆ Elon Musk is about to find out if ultimatums really work
▼ + stars: | 2024-01-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the ultimatum Elon Musk gave Tesla's board amid a critical time for the company. The big storyElon's ultimatumREUTERS/Steve NesiusUltimatums rarely work in relationships, but what about between CEOs and the massive companies they run? Elon Musk is about to find out. Musk, who has roughly a 13% stake in the EV maker, said if his request isn't met, he'll "prefer to build products outside of Tesla." Meanwhile, Ross Gerber, a longtime Tesla bull, said it's "absurd" to think Musk doesn't already have control over Tesla and described his request as "blackmailing the Tesla shareholders."

Persons: —, Antony Blinken, Elon Musk, Steve Nesius Ultimatums, Elon, isn't, didn't, Wedbush's Dan Ives, Musk's, Ross Gerber, Tesla, Dow Jones, George Glover, That's, cowering, Caspar Benson, Jamie Dimon, dory, Trump, Ray Dalio, Biden, Evan Spiegel's, Hokyoung Kim, They've, Kristen Stewart, Christopher Nolan, Maite Alberdi, Celine Song, Eugene Lee Yang, Dave Bautista, Kevin Costner, Estelle, AA Milne, Jay Chou, Jennifer Ortakales Dawkins Organizations: Service, Boeing, Business, Tesla, EV, Apple, Microsoft, Nvidia, Getty, Intellia Therapeutics, Shoals Technologies, JPMorgan, Biden, Bridgewater Associates, Trump, Alliance, Helicopter, BI, Sundance, Northern Trust Locations: Switzerland, Tesla, Northern

☆ PWC: 38% of CEOs optimistic on global growth prospects
▼ + stars: | 2024-01-18 | 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 EmailPWC: 38% of CEOs optimistic on global growth prospectsBob Mortiz, chair of PWC, discusses the global mega trends the firm's CEOs are expecting to face in 2024, and how the undergoing sentiment among the C-suites is one of positivity.

Persons: Bob Mortiz

☆ Top money managers warn that 2024 earnings expectations are getting out of hand, even as Wall Street firms scramble to raise their S&P 500 targets
▼ + stars: | 2024-01-18 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Goldman Sachs"We expect price increases to be driven by modest earnings growth and well-supported price-to-earnings multiples," wrote Austin Pickle, a strategist at WFII, in a January 16 note. Stucky continued: "I've never seen a re-acceleration in earnings growth — which is what the baseline expectation is for earnings — absent some sort of economic recovery or an acceleration in economic growth. He noted that many factors influence profits, but added that his forward model suggests there's earnings risk ahead. Bianco said he expects flat or mid-single-digit earnings growth for stocks in most sectors. However, he said that during expansions, GDP growth is a poor predictor of earnings growth.

Persons: Goldman Sachs, Austin Pickle, Jonathan Golub, Golub, Matt Stucky, Stucky, I've, Brad Klapmeyer, He's, Klapmeyer, Anthony Saglimbene, —, Saglimbene, Saglimbene doesn't, David Bianco, Bianco Organizations: Business, Wells, Investment Institute, UBS, Federal Reserve, Northwestern Mutual Wealth Management, Macquarie Asset Management, DWS Group

☆ Taylor Swift’s Carbon Allowance
▼ + stars: | 2024-01-17 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Taylor Swift arrives before an NFL wild-card playoff football game between the Chiefs and the Miami Dolphins, Kansas City, Mo., Jan. 13. Photo: Ed Zurga/Associated PressNo one escapes the climate police these days, and that includes Taylor Swift . The pop star has been criticized recently for emitting CO2 on her frequent trips on a private jet to see her beau Travis Kelce play for the Kansas City Chiefs. The mega-star joins a growing concert of companies and countries that are using these climate indulgences to offset their CO2 emissions. While the credits have a notional financial value, their primary purpose is to deflect criticism.

Persons: Taylor Swift, Ed Zurga, Travis Kelce, Swift, they’re Organizations: NFL, Chiefs, Miami Dolphins, Kansas City Chiefs Locations: Kansas City, Mo

☆ The American Dream is 'rapidly diminishing,' Walgreens boss says in plea to raise taxes for the wealthy
▼ + stars: | 2024-01-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Walgreens Boots Alliance's executive vice president, John Driscoll, penned a letter asking lawmakers in the US and abroad to tax the wealthy. Driscoll echoed the pleas of entrepreneurs, an heiress, and activists in his demand to save the "rapidly diminishing American Dream." Advertisement"In this spirit, I call on national and international lawmakers to do whatever it takes to tax wealthy people like me," Driscoll wrote. "I agree that we should make elaborate tax-avoidance schemes illegal, but acting upon that would upset a lot of donors, so we will see words, but no action," Musk wrote in June. In his tax letter, Driscoll cited a report from the Economic Policy Institute that CEOs made 399 times as much as a typical employee in 2021.

Persons: —, John Driscoll, Driscoll, Switzerland that's, Daniel Werfel, Elon Musk —, Joe Biden, Musk Organizations: Service, Walgreens Boots, Business, IRS, Analysts, EU Tax Observatory, Economic Policy Institute Locations: Davos, Switzerland

☆ Usher will prioritize self-care with daily meditation, affirmations ahead of anticipated Super Bowl performance
▼ + stars: | 2024-01-17 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

When you're a mega-star with a long list of gigs and shows, self-care can easily fall off of the to-do list; but not for Usher. Usher Raymond IV, more commonly known as Usher, plans to prioritize his self care, especially following the end of his Las Vegas residency that was extended twice and ahead of his 2024 Super Bowl halftime show performance. "When is the last time you looked in a mirror and really looked at yourself?" Raymond also prioritizes exercising, eating healthy foods, showing up for his partner of four years and raising his four children, according to Vogue. And he takes honoring his mental health a step further by committing to regular sessions with his therapist and practicing meditation daily, according to Vogue.

Persons: Usher, Usher Raymond IV, Fantasia, Dora Kamau, Raymond, prioritizes, Oren Jay Sofer, Sofer Organizations: Las, Vogue Locations: Las Vegas, Headspace

☆ Mega rich renew call on global leaders at Davos to 'tax our extreme wealth'
▼ + stars: | 2024-01-17 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Austrian Marlene Engelhorn, who inherited from her family who owns the Germany's chemical giant BASF, poses with a placard reading "Tax the rich!" at the entrance of the Congress center on the opening of the annual meeting of the World Economic Forum (WEF) in Davos, on January 15, 2024. In an open letter to political leaders gathered at the annual World Economic Forum in Davos, Switzerland, the rich signatories said they wished to deliver a clear message: "Tax our extreme wealth." "We are surprised that you have failed to answer a simple question that we have been asking for three years: when will you tax extreme wealth?" But it will turn extreme and unproductive private wealth into an investment for our common democratic future."

Persons: Marlene Engelhorn, Fabrice COFFRINI, FABRICE COFFRINI, Abigail Disney, Simon Pegg, Valerie Rockefeller, Brian Cox, Logan Roy, Cox Organizations: BASF, Economic, Getty, Oxfam Locations: Davos, AFP, Switzerland, HBO's

☆ Finding quality stocks in what could be a tougher year for investors
▼ + stars: | 2024-01-16 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Investors may want to look at quality names as the market stalls. In a turbulent environment, traditional market wisdom suggests investors can be best served by having exposure to quality stocks. The average price target implies a gain of 6.2% over the next year, adding to its advance of more than 56% in 2023. Wells Fargo's Michael Turrin recently hiked his price target on Microsoft to $435 per share from $425, seeing an "uplift" driven by artificial intelligence. The average analyst also anticipates a better path ahead, with a price target reflecting an upside of about 24%.

Persons: CMEGroup's, Wells Fargo's Michael Turrin, ResMed, RMD, Peter Low Organizations: Traders, Federal Reserve, CNBC, CNBC Pro, Microsoft, FactSet, Oil, Exxon Mobil, Exxon, Super

☆ ‘Peacock Game’: The NFL’s Digital Buttfumble
▼ + stars: | 2024-01-15 | by ( Jason Gay | ) www.wsj.com time to read: 1 min

The Dallas Cowboys are toast, and that is always amusing, but I shall write about the Kansas City Chiefs, because they were in “The Peacock Game.” The Peacock Game! For irritated fans, it immediately enters the Hall of NFL Infamy, alongside The Heidi Game, The Tuck Rule, and my favorite football calamity, Le Buttfumble. Here was a marquee Wild-Card weekend playoff contest, walled off from the nonpaying public, all because the NFL sold the game to a mega media conglomerate, NBCUniversal, which wanted to use it to attract new subscribers for Peacock, its paid streaming service featuring French bike racing and 19 zillion reruns of Law & Order.

Persons: ”, Heidi, Peacock Organizations: Dallas Cowboys, Kansas City Chiefs, Hall, NFL

☆ CHART OF THE DAY: Technology stocks will grow to 50% of the S&P 500 amid a growing labor shortage, Fundstrat says
▼ + stars: | 2024-01-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Fundstrat's Tom Lee believes that the technology sector will one day make up 50% of the S&P 500. During periods of extended labor shortages, like during the 1950s, 1960s, and 1990s, technology stocks significantly outperformed the S&P 500. "Technology demand, in our view, will accelerate as companies seek to offset labor shortage," Fundstrat said. "The outperformance of technology during periods of labor shortage is substantial — and we believe the forecasted 2015 to 2047 [labor shortage] to benefit technology stocks," Fundstrat said in a recent note. "We like technology/FAANG $XLK $QQQ," Lee said, referring to the mega-cap tech stocks, the technology sector, and the Nasdaq 100.

Persons: Fundstrat's Tom Lee, —, Tom Lee, Fundstrat, Lee Organizations: Service, Technology, Nasdaq Locations: Fundstrat

“It’s not really a typical caucus because you do have a former president running,” Mr. Shaw said. “He does have the ability to come in and draw big crowds,” he said, adding that “that is not your typical Iowa caucus style.”Still, as Mr. Trump has sought to shore up support in the state, he, too, has made last-minute local pitches. In a video posted by Mr. Trump’s super PAC one day before the caucuses, Mr. Trump said he would “endorse ethanol” because “ethanol endorsed me”— though presented no specifics about what that would entail in terms of policy. The heightened attention on national priorities may not make much of a difference to Iowa in the long term. Iowa has influenced policy by forcing candidates to study up on the Farm Bill, a legislative package that oversees agricultural and food programs nationwide.

Persons: “ It’s, Mr, Shaw, “, ”, Trump, Barack Obama’s, Tom Vilsack, Obama, Biden, Terry Branstad, George W, Bush, — Organizations: Trump’s, Republican Locations: Iowa

☆ An academic analyzed everything Mark Zuckerberg said publicly for 20 years — but still doesn't feel like he knows him
▼ + stars: | 2024-01-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

The academic launched the project after the Meta boss discussed privacy issues in interviews. AdvertisementA lot has changed for Mark Zuckerberg since the drunken night at Harvard in 2003 when he decided to release Facemash. Mark Zuckerberg is CEO of Facebook owner Meta. "The Zuckerberg Files came out of a project where I was thinking about how Zuckerberg talks about privacy," Zimmer explained in the documentary. Zimmer thinks the exhaustive project has been "really insightful" in helping track the maturity of both Zuckerberg and his company.

Persons: Michael Zimmer, Mark Zuckerberg's, intentensly, Zimmer, —, Mark Zuckerberg, Zuckerberg, Meta, Kevin Dietsch, David Kirkpatrick, Sheera Frenkel, Kara Swisher, He's, he's, Elon Musk Organizations: Service, Harvard, Facebook, Zuckerberg, San Francisco Chronicle, Capitol, Cambridge, Meta Locations: Marquette, Hawaii

SEATTLE (AP) — Washington state Attorney General Bob Ferguson on Monday sued to block the proposed merger of Kroger and Albertsons, two of the nation's largest grocery chains. Kroger and Albertsons have more than 300 locations in the state and account for more than half of its grocery sales, according to the suit. “This merger is bad for Washington shoppers and workers,” Ferguson said in a news release Monday. "Workers, shoppers and our communities need to prevent this proposed mega-merger from taking place,” Yasmin Ashur, a union member who works in an Albertsons grocery store, said in a union statement Monday. The grocery chains say they must merge to compete with Walmart, Amazon and other major companies that have stepped into the grocery business.

Persons: Bob Ferguson, Ferguson, ” Ferguson, ” Kroger, Fred Meyer, Kroger, ” Yasmin Ashur Organizations: SEATTLE, Kroger, Albertsons, King County Superior Court, Seattle Times, “, Safeway, Federal Trade Commission, United Food & Commercial Workers, The Seattle Times, Workers, S Wholesale Grocers, Walmart, Amazon Locations: Washington, King County, Cincinnati, Boise , Idaho, Oregon, Idaho

☆ It's getting harder than ever to become a self-made billionaire. But inheritances are still going strong.
▼ + stars: | 2024-01-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Billionaires minted through inheritance outpaced self-made billionaires last year for the first time in a decade. Related storiesIn recent years, rates of economic opportunity have begun to fall again. Rates of economic opportunity have declined steadily since 1940, Opportunity Insights data shows. He says that's why there are fewer self-made billionaires today than there were in the past. "I think there's much work to be done to try to restore rates of economic opportunity to those observed several decades ago," he said.

Persons: —, Max Kunkel, Matthew Staiger, Staiger, Forbes, heiresses, Kunkel Organizations: Service, UBS, Harvard, Insights, Business, Economic

☆ The stock market has cooled off to start 2024, but it's still checking most of the bull market boxes
▼ + stars: | 2024-01-13 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The small-cap Russell 2000 has dropped close to 4% against a fractional gain in the S & P 500 year to date. In broad terms, the S & P 500 could retreat to 4600 or so – about 4% down from here – and still be in a routine technical check-back to its latest launch point in early December. Todd Sohn of Strategas notes that the Invesco S & P 500 Equal Weight ETF (RSP) saw inflows go vertical last year to $13.5 billion, 30% above its prior 12-month record. Betting on 'peacetime' Fed cuts Right or wrong, the market debate right now can never get far before turning into a Fed-policy-path discussion. Last week's CPI and PPI data added to the market's collective conviction that inflation's downside momentum is strong, opening the way for "peacetime" Fed rate cuts.

Persons: that's, Russell, Ned Davis, Tim Hayes, Tony Pasquariello, Goldman Sachs, Henry McVey, KKR's, McVey, Morgan Stanley, Todd Sohn, Strategas, they're, Jerome Powell Organizations: Ned Davis Research, Goldman, Nasdaq, Apple, CPI, PPI Locations: U.S

☆ Dividend stocks could see a revival in 2024
▼ + stars: | 2024-01-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Dividend stocks fell out of favor in 2023, even as all three major US indexes overcame regional banking turmoil, high interest rates and geopolitical tensions to notch double-digit returns. As interest rates rose to a 22-year high, investors favored bonds at attractive yields over riskier stocks offering smaller payouts. Some traders believe that dividend stocks could make a comeback this year. Larry Adam, chief investment officer at Raymond James, favors dividend stocks in sectors like tech and healthcare for their growth qualities, over traditionally defensive categories like utilities. His firm only invests in dividend stocks that have that growth component, he says.

Persons: ”, Morgan Stanley, Larry Adam, Raymond James, Adam, Elisabeth Buchwald, John Cochrane, Anna Bahney, Freddie Mac, who’ve, Sam Khater, Freddie Mac’s, Read Organizations: CNN Business, Bell, New York CNN, Mastercard, Companies, Hoover Institute, “ Locations: New York

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