JPMorgan Says Retail Investors Are Finally Bailing on Stocks
Some of the last bulls at the party are finally yielding to the bear market, bailing from stocks at the fastest rate in nearly two years.
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Biden's Gas-Tax Holiday Has 4 Big Problems
A president can't do much about persistent inflation, but Biden has to show he’s trying. He’s calling on Congress to suspend federal gasoline tax.
Consumer Spending Is Running Out Of Steam and the Market Isn’t Ready For It
A key source of US economic growth this year -- consumer spending -- is showing signs of losing steam.
US Consumers Expect Inflation Shock to Pass, NY Fed Survey Finds
US consumers still largely expect the current inflationary shock to be temporary, and for price gains to be low and stable in the longer run.
Goldman’s Hatzius Says Consumers Using Leverage for Spending
US consumers beset by inflation are already relying on leverage to some extent to fund their spending, according to Goldman Sachs, Jan Hatzius.
Bank of America Clients Hoard Cash at Highest Level in Two Decades
Investors are piling into cash as the outlook for global growth plunges to an all-time low and stagflation worries mount according to a BofA fund mgr.
Day Trader Army Loses All the Money It Made in Meme-Stock Era
Amateur investors who jumped in when lockdown began have now given back all of once-prodigious gains, according to an estimate by Morgan Stanley.
