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☆ Interest rate delusion may be biggest error of all
▼ + stars: | 2022-10-06 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

The false idea exposed by the current bear market is that interest rates would remain low indefinitely. The belief that interest rates would remain at permanently low levels could prove the most costly error of all. The lowest-ever interest rates gave us the “Everything Bubble”. Now that interest rates are rising, everything is at risk. The pension funds faced margin calls on their loans, and the bond market seized up as they scrambled to raise cash.

☆ Premarket stocks: The bond market is crumbling
▼ + stars: | 2022-09-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN Business —The global bond market is having a historically awful year. Vanguard’s $514.5 billion Total Bond Market Index, the largest US bond fund, is down more than 15% so far this year. The iShares 20+ Year Treasury bond fund (TLT) (TLT) is down nearly 30% for the year. What’s next: The bond market may face fresh volatility on Friday with the release of the Federal Reserve’s favored inflation measure, the Personal Consumption Expenditure Price Index for August. If the report comes in above expectations, expect bond yields to move even higher.

☆ Dow plunges and is back in a bear market
▼ + stars: | 2022-09-29 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +2 min

The Dow is now back in bear market territory, more than 20% below the all-time high it set in January. The tech-laden Nasdaq Composite sank 3.4% Thursday and has plummeted even more than the Dow and S&P in 2022. The stock market had a promising start to the quarter, soaring in July. But fears about inflation, rate hikes, rising bond yields and recession returned with a vengeance in August and September. But two popular, widely held bond funds, the Vanguard Total Bond Market Index Fund ETF (BND) and iShares Core U.S.

☆ Warren Buffett's favorite market gauge is reading nearly 150%, signaling US stocks are still overvalued and at risk of tumbling further
▼ + stars: | 2022-09-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett's go-to market gauge is reading nearly 150%, suggesting stocks remain overvalued. The "Buffett indicator" has retreated from over 210% in January due to the stock-market downturn. That puts the Buffett indicator at 146%, down from over 210% at the start of this year. For example, it compares the stock market's current value with a GDP reading from several months ago. Here's the St. Louis Fed's version of the Buffett indicator (both market cap and GDP are indexed to the fourth quarter of 2007):A chart showing the Buffett indicator.

☆ The S&P 500 falls to a fresh low for the year. Here's where stocks may go next
▼ + stars: | 2022-09-27 | by ( Patti Domm | In | ) www.cnbc.com time to read: +2 min

The S & P 500 broke below its June low, and Wall Street is debating whether the sell-off is nearing an end or is more pain in store for investors. The S & P 500 briefly fell to 3,623 Tuesday, a new bear market low, below its June intraday low of 3,636. The broad market index notched a fresh closing low for 2022 on Monday, ending the session at 3,655.04. He said the percentage of stocks above their 20-day, 50-day and 200-day moving averages are in the single digits. For instance, just 2.98% of the constituents in the S & P 500 were above their 50-day moving average.

☆ Stock market losses wipe out $9 trillion from Americans' wealth
▼ + stars: | 2022-09-27 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

With major market indexes falling even further since early July, and the bond market adding further losses, market experts say the current wealth losses from financial markets could total $9.5 trillion to $10 trillion. The top 10% of Americans have lost over $8 trillion in stock market wealth this year, marking a 22% decline in their stock wealth, according to the Federal Reserve. While Americans have gained wealth from rising housing prices, the gains have been more than offset by stock market losses. The drop in stock wealth also far exceeds the $6 trillion in quarterly stock losses during the beginning of the pandemic in 2020. Yet some say the "negative wealth effect " − the theory that wealth declines lead to spending declines − could soon start to bite, especially if market declines continue.

☆ Stocks making the biggest moves midday: Wynn Resorts, Planet Fitness, AMC, Lyft and more
▼ + stars: | 2022-09-26 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

An exterior view shows Encore Las Vegas (L) and Wynn Las Vegas as the coronavirus continues to spread across the United States on March 15, 2020 in Las Vegas, Nevada. Las Vegas Sands, Wynn Resorts — Shares of the casino operators both soared about 11% after Macao announced its plan to allow Chinese tour groups back in the casinos as soon as November. Chegg — Shares of the educational tech company jumped more than 6% after Needham upgraded the company to a buy rating from hold. Planet Fitness - The gym stock jumped 2% after Raymond James upgraded Planet Fitness to strong buy from market perform. Lyft – Shares of the ride hailing company fell about 3% after UBS downgraded the stock to neutral from a buy.

☆ How to achieve financial freedom, according to 11 couples and individuals under 40 who've done it
▼ + stars: | 2022-09-26 | by ( Business Insider | ) www.businessinsider.com time to read: +15 min

For many people, financial freedom means being able to retire early and work only by choice. He believes that real estate is the most tried-and-true way to build wealth, but he also invests in the stock market. If you want to achieve financial freedom and retire early, put in the hours, he advised. "As long as you can live within your means, and you understand your basic necessities, then it's very possible to create financial freedom." "Entrepreneurship has really accelerated our own path to financial freedom, which I would say we have achieved."

☆ Year-end rally hopes are starting to get dashed. What history tells us about what comes next
▼ + stars: | 2022-09-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Investors are holding their breath as the Dow Jones Industrial Average and the S & P 500 head toward a retest of their 2022 lows this week, the final week of trading for September. By contrast, November and December are typically strong months but — with the market off so much already year to date — the chances of a year-end rally now look less likely, according to Ned Davis Research. "How quickly the economy and earnings decelerate will probably determine whether a year-end rally is possible," said Ed Clissold, Ned Davis' chief U.S. strategist. "Historically speaking, the fact that the market is down year to date makes a year-end rally less likely but not highly improbable." However, "when the S & P 500 has been down through September, it has risen only 54.8% of the time by a median of 2.3%."

☆ U.S. Stock Futures Wobble, Bond Yields Climb After Fed Rate Increase
▼ + stars: | 2022-09-22 | by ( Anna Hirtenstein | ) www.wsj.com time to read: 1 min

U.S. stock futures wavered in the aftermath of the Federal Reserve’s latest interest-rate increase and as a slew of other central banks moved to adjust their own policies. Futures tied to the S&P 500 declined 0.1% in Thursday morning trading, after earlier swinging between slightly larger gains and losses. The broad-market index closed down 1.7% on Wednesday following a turbulent day’s trading. Nasdaq-100 futures edged down 0.2%, suggesting muted losses for technology stocks.

☆ The Fed is embracing a possible housing-market correction as a way to get ‘red-hot’ prices back to a more sustainable level
▼ + stars: | 2022-09-22 | by ( Ben Winck | ) www.businessinsider.com time to read: +4 min

The housing market is in a slump. "We probably in the housing market have to go through a correction to get back to that place." The National Association of Home Builders and Wells Fargo Housing Market Index — a popular gauge of homebuilder confidence — tumbled further into recession territory in September. As the Fed's benchmark rate creeps higher still and lifts mortgage rates, demand for homes is likely to crumble even further. "From a sort of business cycle standpoint, this difficult correction should put the housing market back into better balance."

☆ Stocks making the biggest moves midday: Change Healthcare, Ford, PayPal, Humana and more
▼ + stars: | 2022-09-20 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Change Healthcare – Shares of Change Healthcare jumped 6.4% after a federal judge said that UnitedHealth cannot take over the company. Humana – Shares of health company Humana gained 1% and touched an all-time high a day after the company raised its earnings guidance for the fiscal year. Cognex — Shares of machine vision systems maker Cognex jumped nearly 7% after the company raised its revenue outlook for the current quarter. Olin — The manufacturing company fell 4.6% after issuing its third-quarter EBITDA guidance. MicroStrategy – Shares of software company MicroStrategy fell 4.6% after the company announced that it made its smallest purchase of Bitcoin in two years.

☆ Morning Bid: Hunkering down for a new phase in the inflation fight
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +3 min

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., September 13, 2022. An action-packed week for central banks around the world has not even got underway yet and equity investors are expressing their unease that aggressive rate hikes aimed at taming sticky inflation makes a global recession more likely. Register now for FREE unlimited access to Reuters.com RegisterA week, it turns out, is a long time in the world of central banks and markets these days. In addition to the Fed, a host of other central banks - including those in Britain, Switzerland, Norway and Sweden - are tipped to tighten policy this week. But no doubt, the downbeat tone in world markets remains firmly in place.

☆ More homebuilders lower prices as sentiment falls for ninth straight month
▼ + stars: | 2022-09-19 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

More builders are lowering prices for homes as their confidence in the market continues to tumble. Homebuilder sentiment in September fell 3 points to 46 in the National Association of Home Builders/Wells Fargo Housing Market Index. Indeed, builders blame rising rates for their falling sentiment. On a three-month moving average, sentiment in the Northeast fell 5 points to 51 and also dropped 5 points to 44 in the Midwest. In the South, it slipped 7 points to 56, and in the West, where home prices are highest, sentiment declined 10 points to 41.

☆ The Fed may raise rates by less than expected in November as the housing market is in a deep recession
▼ + stars: | 2022-09-19 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

A "deep recession" in the housing market may lead the Fed to hike rates by less than expected in November, said Pantheon Macroeconomics. The Fed may opt to raise rates by 50 basis points instead of 75 basis points, which is what investors were widely pricing in. Still, the housing market is in a "deep recession," and the pain will spread beyond homebuilders soon to depress housing-related retail sales, he warned. The Fed has raised interest rates four times in 2022, leading 30-year mortgage rates to rise above 6% for the first time since 2008. The rate of the Housing Market Index's decline has slowed in recent months but the latest report likely doesn't mark the floor, said Shepherdson.

☆ U.S. home builder sentiment falls for ninth straight month in September
▼ + stars: | 2022-09-19 | by ( Lucia Mutikani | ) www.reuters.com time to read: +3 min

REUTERS/Octavio JonesWASHINGTON, Sept 19 (Reuters) - Confidence among U.S. single-family homebuilders fell for the ninth straight month in September as soaring mortgage rates and persistently high prices for building materials made new housing less affordable for many first-time buyers. The National Association of Home Builders/Wells Fargo Housing Market index dropped three points to 46 this month. Mortgage rates have surged even higher. According to a Reuters survey, housing starts likely slipped to a seasonally adjusted annual rate of 1.445 million units last month from a pace of 1.446 million units in July. Permits for future home construction are, however, expected to have declined to a rate of 1.610 million units from a pace of 1.685 million units in July.

☆ Robert Shiller: Fed risks 'disgrace' if it doesn't control inflation
▼ + stars: | 2022-09-19 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com time to read: +8 min

If people think prices will continue to rise at a fast pace, they'll start demanding higher wages. Americans are getting stuck with credit card debt for longerMore Americans are saddled with credit card debt for longer periods of time as emergency expenses and the rising cost of living make it harder for them to pay down their balances, according to a new survey. But 31% of Millennials pointed to daily expenses as the main reason for their credit card debt. The survey found that rising costs would have a major impact on 41% of total credit card holders, and on more than half of those with outstanding debts. It also helps that American credit card balances are down 4% compared to late 2019.

☆ Robert Shiller: Fed risks ‘disgrace’ if it doesn’t control inflation
▼ + stars: | 2022-09-19 | by ( Julia Horowitz | ) edition.cnn.com time to read: +8 min

If people think prices will continue to rise at a fast pace, they’ll start demanding higher wages. Americans are getting stuck with credit card debt for longerMore Americans are saddled with credit card debt for longer periods of time as emergency expenses and the rising cost of living make it harder for them to pay down their balances, according to a new survey. But 31% of Millennials pointed to daily expenses as the main reason for their credit card debt. The survey found that rising costs would have a major impact on 41% of total credit card holders, and on more than half of those with outstanding debts. It also helps that American credit card balances are down 4% compared to late 2019.

☆ This week’s best performers include an energy stock that could surge more than 30% from here
▼ + stars: | 2022-09-16 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Stocks were hurling toward a big losing week on Friday as investors weighed a warning from FedEx as well as a hot inflation reading. The S & P 500 is 5.3% lower this week, on pace for its fourth losing week in five. APA Corp . was the top S & P 500 stock this week after advancing 6.1% as of 9:40 a.m, ET. On Monday, the energy stock was upgraded to buy from neutral by Citi, which said APA is an "under-appreciated growth story." However, there isn't a consensus in favor of buying the stock, with only 45% of analysts rating it a buy.

Read our review Read Our Review A looong arrow, pointing rightBottom line: Ally Invest Robo Portfolios is ideal for hands-off investors in search of automated ETF portfolios without fees. Ally Invest Robo Portfolios: Overall RatingFeature Insider rating (out of 5) Fees 5.00 Investment selection 4.25 Access 4.03 Ethics 4.50 Customer service 5.00 Overall score 4.56Is Ally Invest Robo Portfolios right for you? Ally Invest Robo Portfolios is an Ally Financial-affiliated automated account offering investing without fees for US residents. Ally Invest Advisors, Inc. manages the account and is in turn a subsidiary of Ally Invest Group, Inc. Read our review Read Our Review A looong arrow, pointing rightAlly Invest Robo Portfolios vs. FidelityAlly Invest Fidelity Investments Min.

☆ JPMorgan is trying to harness the power of quantum-computing to solve problems at lightning speed, from options pricing to fraud detection
▼ + stars: | 2022-09-08 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +5 min

As an emerging alternative to the traditional computer, JPMorgan execs believe quantum computing could upend how finance firms perform computations. Unlike classical computers, which can store only a one or a zero, quantum computers use quantum bits, or qubits. Qubits can store multiple values at the same time, which theoretically gives the quantum computers big speed advantages. Meanwhile, Fidelity has been exploring the potential of quantum computing in wealth management. Wells Fargo, too, has invested in quantum computing to process complex data structures used for fraud detection.

When it comes to managing your money and planning to reach long-term financial goals, understanding the language is key. This glossary of terms focused on money management, saving, investing, retirement planning, loans, and other areas of personal finance can help you decipher the jargon you're likely to encounter along the way. Conforming mortgage: A mortgage that meets the requirements to be purchased by Fannie Mae or Freddie Mac. JJumbo loan: A mortgage that exceeds the borrowing limit for regular mortgages set by the Federal Housing Finance Agency. USDA mortgage: A mortgage offered by a private bank or lender that's guaranteed by the Department of Agriculture.

There are three common metrics to evaluate dividend stocks: Dividend yield, dividend payout ratio, and dividend payout growth. Three important metrics can help you choose the best dividend stocks for your portfolio: dividend yield, dividend payout growth rate, and dividend payout ratio. Dividend payout growthThe dividend payout growth, also known as dividend growth rate (DGR), is the average percentage rate of growth a stock's dividend has experienced over a specific period (usually three, five, or 10 years). Dividend payout ratioFinally, look at the dividend payout ratio, or the percentage of a company's earnings or free cash flow used to cover dividend payments. Dividend yield vs. dividend growth rateA high dividend yield may signal a company that's not destined for a lot of growth.

☆ Berkshire Hathaway reports operating earnings surge, but posts big investment loss amid market rout
▼ + stars: | 2022-08-06 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Berkshire Hathaway 's operating profits jumped in the second quarter despite fears of slowing growth, but Warren Buffett's conglomerate was not immune to the overall market turmoil. Stocks tumbled into a bear market during the second quarter after aggressive rate hikes from the Federal Reserve to tame soaring inflation sparked fears of a recession. The S&P 500 posted a more than 16% quarterly loss – its biggest one-quarter fall since March 2020. The conglomerate's Class A stock fell more than 22% in the second quarter, and it's now down nearly 20% from an all-time high reached March 28.

Choose where to open your IRAThe first step is to choose what type of institution you'll open your IRA through. Select your IRA account typeThere are several types of IRA accounts to choose from. They work similarly to a traditional IRA: They're funded with pre-tax earnings and withdrawals are taxable in retirement. Some will send the money directly to your new IRA account. If you rollover funds to a traditional IRA, you won't need to pay taxes on the funds (until you start making withdrawals).

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