JPMorgan’s long-term quant model shows S&P 500’s current fair value is 5400
JPMorgan analysts estimate that the S&P 500’s fair value currently stands at 5400, suggesting the index is about 6% overvalued based on their long-term quant model. According to JPMorgan, the discount rate from their model is around 4.8%, compared to a 10-year...
Australia’s $1 Trillion Market Draws UK Fund Manager Coller
Coller Capital Ltd., a UK fund manager specializing in private market secondaries, is expanding in Australia with the launch of several funds targeting wealthy locals. The firm, which manages $38 billion, has launched two secondary feeder funds — Coller Private...
Why Barclays is the latest Wall Street bank to slash its outlook on stocks
Toss another big Wall Street bank on the list of those becoming more cautious on stocks after a volatile start to the year. Barclays strategist Venu Krishna slashed his 2025 S&P 500 (^GSPC) price target to 5,900 from 6,600 on Wednesday, citing tariffs and...
Private Equity Is Coming for America’s $12 Trillion in Retirement Savings
Inside the push to change how every American’s nest egg is invested and make private assets mainstream. Less than a week before President Donald Trump’s second inauguration, more than 30 money managers gathered on Zoom to strategize about how to pull America’s...
Recession Watch: Cratering Condos and Creeped-Out Consumers
Most of the following charts are from Wolf Street or the Kobeissi letter. Definitely follow those guys.Cratering Condos There’s no way to overstate how crazy US home prices have become. To take just one metric, the median US household income is $79,200, but it takes...
US Tech Rout Fuels Wild Bets From Korean Retail Investors
The sense of gloom on Wall Street is putting pressure on some of the most committed backers of American exceptionalism: South Korea’s risk-seeking retail investors. These investors plowed $10.2 billion into US stocks and exchange-traded funds through March 20, a...
Diverging US Economic Data Begs the Question: Is a Slowdown Coming?
US economic data are diverging wildly, fueling a debate over whether rising anxiety from President Donald Trump’s trade policies will push a moderating economy into a serious downturn. Surveys of sentiment among households and businesses, known as “soft data,” are...
Wall Street Investors With Diversified Bets Are Winning at Last
Never-ending market disruption is upending investment blueprints everywhere in 2025, while hitting sentiment across US stocks. It’s a backdrop Wall Street’s diversification-minded pros are ready to celebrate. In the grip of the tariff war, epic rotations out of...
Traders Bet on Weaker US Dollar for First Time Since Trump’s Win
Speculative traders in the $7.5-trillion-a-day currency market turned bearish on the US dollar for the first time since Donald Trump won the US presidential election last year. Hedge funds, asset managers and other traders have amassed $932 million worth of bets that...
Nike Falls Below $100 Billion in Value as Turnaround Sputters
Nike Inc. shares tumbled on Friday, sending the sportswear company’s market value below $100 billion for the first time since the depths of the Covid-19 pandemic after its earnings report signaled that revenue and profitability will remain under pressure. Its shares...
Micron’s Shares Fall After Memory Chip Pricing Hits Margins
Shares of Micron Technology Inc., the largest US maker of computer memory chips, fell after the company reported that margins will miss analysts’ estimates this quarter. Micron’s gross margins were 37.9% in the second quarter on an adjusted basis, the company said...
Billionaire Peugeots Plan Investment Firm Changes After Drop
The investment firm controlled by the billionaire Peugeot family plans to overhaul its assets after a series of missteps and as a new generation prepares to take over. “We have started to reposition the portfolio,” Peugeot Invest SA’s new chief executive...
Canada Rushes to Fund Its Neglected Military After Trump Threats
Three decades ago, Canada published a report about its future military plans. “The Cold War is over,” its first chapter began, before outlining the government’s massive budget pressures and proposing cuts to personnel and defense spending. Then came a warning: “Canada...
US Bonds Rise as a Cloudy Economic Path Backs Bets on Fed Cuts
US Treasuries consolidated gains in a choppy trading session with markets remaining confident that policymakers at the Federal Reserve are still on a path toward lower interest rates. The advance on Thursday briefly pushed yields on five-year notes below 4% for the...