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Markets

‘What are the chances? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?

Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major US metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city […]

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Markets

Opinion: The S&P 500’s charts are pointing to more stock-market losses

This past week, the S&P 500 index plunged to new relative lows. It is now trading at prices last seen in March 2021. This latest move downward violated support at 4100-4200 and prompted a swift move down toward possible support at 3900. The next support area below that is 3700 – the lows of February […]

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Markets

Will inflation push more people to go back to work? ‘They’ll be entering a job market that’s eager to have them,’ one economist says

Labor costs are driving up inflation. But will inflation also drive more people back to the workforce? The annual rate of inflation slowed to 8.3% in April from 8.5% the previous month, helped by a fall in gasoline prices, but consumers still face rapidly rising costs. The March reading was the highest since 1981. The […]

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Markets

No, the markets are not panicking about inflation

If you’ve turned on a TV, listened to the radio, or surfed internet news sites recently you’ve almost certainly heard that there is a crisis, and a panic, about inflation. You’ve been told it’s the reason the Federal Reserve is jacking up interest rates. It’s the reason the stock market has been plunging. It’s a […]

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Economy

Opinion: Keep calm — there’s no recession on the way. These 13 stocks may rise as investors figure this out

A so-called hard landing of the US economy is not going to happen. It’s a false fear. We may have a bumpy landing, but the odds of hard landing — a possible recession — are low for the reasons below. If I am right, it confirms what extremely negative sentiment is already telling us: Stocks […]