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The stock market is ‘priced for perfection.’ Here’s what could drive a nearly 20% slump for the S&P 500 next year.13:34 Clocktower’s Eric Wallerstein believes stocks are headed for trouble next year, and safety-seeking investors could drive gold to $6,000 an ounce. Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran12:28 Bonds are starting to deliver “equity-like returns,” according to Larry McDonald, similar to during the summer of 1987. Meta gets price-target boost as JPMorgan says Muse agent has potential to become the top AI application since ChatGPT11:23 Meta Platforms, whose new Muse AI agent has driven the stock prices of the tech sector this week, got a price-target boost after showcasing products at its Connect conference on Wednesday night. 8 grassroots porchfests for experiencing free live music and neighborhood culture11:23 Porchfests have been tuning up in more locations across the U.S. Here are some of the most promising porchfests keeping the movement alive. Selena Gomez sells her Encino mansion, once owned by Tom Petty, for $5.4 million11:23 Pop icon Selena Gomez has officially sold her sprawling Encino home for $5.399 million—shortly after picking up a $35 million marital mansion with Benny Blanco. The market is pricing in too many Fed hikes, says the former Dallas Fed chief10:50 The bond market is getting too aggressive in pricing in Federal Reserve rate hikes, a former central bank official says. ‘I don’t begrudge them their money’: My husband and I have friends who spend, spend, spend. How do we keep up?0:11 “A weekend away isn’t a weekend away. It’s a luxury hotel, expensive meals and a last-minute upgrade.” |