August 3, 2020
Second quarter GDP collapsed at a 32.9% annual rate, as was widely expected. Nonetheless, more timely data shows that the economy is bouncing back. It has a long ways to go and the path back will not be smooth or easy. But the recovery process is clearly underway. Let’s start with Q2 GDP. It actually…
July 27, 2020
The surge in global equity markets since late March, led by the major markets of China and the U.S., has left Europe behind and stocks there are receiving scant attention. Ranking last of the big three regional powers in year-to-date equity performance is not an uncommon position for Europe. In dollar terms, the pan-European STOXX…
July 20, 2020
Prior to the emergence of COVID-19, as I have previously indicated, the defining characteristic of the 21st century was the inexorable aging of its population. Almost a fifth of the population of the industrialized countries of the world were age 65 and older. In earlier centuries, the vast proportion of the population worked until they…
July 14, 2020
JoAnne Feeney, partner and portfolio manager at Advisors Capital Management, and Darrell Cronk, chief investment officer of Wells Fargo’s Wealth and Investment Management, join “Squawk Box” to discuss what they’re watching out of second-quarter earnings season.
July 13, 2020
Financial websites were abuzz Friday afternoon with the news that Elon Musk had overtaken Warren Buffet on the Bloomberg Billionaires Index. Tesla (founded by Musk) shares popped 10% that day, adding $6 Billion to Musk’s personal fortune. For the year-to-date period, Tesla has gained a whopping 269%. Meanwhile, the world’s preeminent blue blood investor, Mr….
March 27, 2017