BofA’s Hartnett Warns Markets Starting to Look Like 2008

The spike in oil prices and growing concerns around private credit are causing market activity to resemble the lead-up to the global financial crisis, according to Bank of America’s Michael Hartnett. The strategist flagged how oil doubled to $140 a barrel by August...

US Consumer Sentiment Slips as War Worries Start to Mount

US consumer sentiment declined to a three-month low as fears mounted in recent weeks about the impact on gasoline prices from the war with Iran. The preliminary March sentiment index dropped to 55.5 from 56.6 in February, according to the University of Michigan. The...

Saudi Stocks Defy Gulf Turmoil to Rise as Local Buyers Step In

As the Iran war erupted, Gulf stock markets looked certain to tumble once trading resumed. But Saudi equities have defied those expectations to rise despite the conflict, helped by support from local investors. Riyadh’s Tadawul All Share Index is 1.7% higher than...

Leon Cooperman Warns Markets Overpriced With Geopolitical Risks

Leon Cooperman, the former hedge fund manager who now runs his own family office, said financial markets are overpriced as stocks have become too costly relative to company profits. Cooperman, the billionaire chairman and chief executive officer of Omega Family...