Try to imagine a market scenario where chip stocks hit a wall and tumble 50%, or the fallout as President Donald Trump slaps a tax on foreign earnings of American companies. Outrageous you say? Welcome to Saxo Bank’s annual rite of passage — “Outrageous Predictions 2020,” shock-inducing forecasts...
Continue Reading
European stocks shot higher on Wednesday, after a report that the U.S. and China are moving closer on an agreement for a phase one trade deal, even after President Donald Trump cast doubt on its progress a day earlier. The Stoxx Europe 600 SXXP, +1.04% rose 1.1% to...
Continue Reading
Asian markets fell in early trading Wednesday after President Donald Trump said a trade deal with China may not come until after the 2020 presidential election. “In some ways, I think it’s better to wait until after the election if you want to know the truth. But I’m...
Continue Reading
Oil futures rose Wednesday, buoyed after industry data showed a large drop in U.S. crude oil inventories and as traders await a meeting of OPEC producers and their allies amid growing expectations for an agreement to extend and deepen output cuts. West Texas Intermediate crude for January delivery...
Continue Reading
Imagine there’s no trade deal and that the U.S.-China battle is left to rumble on through most of next year instead. That scenario is one that stock-market participants must now debate as equities tumbled Tuesday after President Donald Trump indicated he’s in no hurry to complete any accord...
Continue Reading
It’s fair to say there are several things we’d do differently if we were to go back and save for early retirement all over again, because we didn’t do this perfectly by any means. There are the things we’d do differently if we were starting right now, but...
Continue Reading
Rachel Gottlieb has worked in wealth management since 2002, but her most poignant money memory wasn’t of the financial crisis or the market meltdown late last year. It was when she was 10 years old. Her mother gave her $10 to buy ice cream with her friends. When she...
Continue Reading
A “blow-off top,” a fascinating financial phenomenon, occurs when an individual stock or broad-market index spurts higher accompanied by increased volatility and volume, and then makes a sharp fall. Although blow-off tops occur frequently with individual stocks, they are relatively rare for indexes such as the Dow Jones Industrial...
Continue Reading
For some time now, you’ve been able to draft an online will on a home computer via firms like Rocket Lawyer, Legal Zoom or FreeWill. But it still had to be signed with wet ink in front of a notary and witnesses to be valid. That’s on the cusp...
Continue Reading
A friend of mine recently joked that if somebody was planning a $40,000 wedding (about average, by some accounts), “Paul Merriman would say: Have a $1,000 wedding and put the other $39,000 into a Roth IRA that earns 10% for 40 years. You’d never have to add another dime...
Continue Reading