A choppy February for investors was punctuated by a poor reading on consumer confidence, a soft report on consumer spending, and a sell-off across many of the momentum trades that had defined the market action this year. “The fear here among a lot of investors...
Valuations are still so rich on the “Magnificent Seven” companies that future returns may not be as hearty as in the past — offering a great reminder to investors to stay diversified. “Is the return on investment with some of them really going to...
Overall household debt climbed to a new high of $18.04 trillion in the fourth quarter, the New York Fed reported. Digging out of debt used to be a new year tradition. The first three months of the year typically were the busiest for credit counselors, who were...
As interest rates stay high, delinquency rates are likely to creep up, experts say. Borrowers who got home loans through government-backed programs are increasingly falling behind on their payments, a potentially worrying signal for how lower-income Americans are...
The Magnificent Seven has turned into the Stupendous One as AI spending fears weigh on sentiment. The usually reliably hot Magnificent Seven trade of Meta (META), Amazon (AMZN), Google (GOOG), Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA) has...
