Chamath Palihapitiya Outlines Alarming Reason Stocks Keep Going Higher

Investors are concerned about the upcoming U.S. presidential election impacting the stock market. Chamath Palihapitiya said the stock market would continue to rise regardless of a Trump or Biden presidency. Stocks are going higher due to the Federal Reserve’s unprecedented support, which is causing asset price inflation. After a tech stock selloff in September, stocks …

Even the Fed’s Desperate Reassurance Isn’t Saving the Nasdaq Correction

Fed Vice Chair Richard Clarida said the central bank would retain low interest rates and let inflation run higher than 2% at times. The Fed’s reassurance isn’t helping the Nasdaq, which has declined by 11.8% since September 2. Investors remain rattled by the pandemic-induced correction despite the Fed’s dovish stance. Federal Reserve Vice Chairman Richard …

Fed Is Destroying the Dollar With Inflation. There’s No Turning Back

Federal Reserve Chair Jerome Powell introduced the central bank’s plan to target a 2% average inflation rate. Since then, strategists have expressed concerns about inflation and the potential risks to market stability it could bring. It poses more selling pressure on the U.S. dollar, which already declined substantially in the past four months. The Federal …

A Housing Crisis Is Brewing Because 4.3 Million People Can’t Pay Their Mortgages

Over 4 million individuals have not been able to pay their mortgage payments for 30 days or more. The housing market may see additional selling pressure as pressure on homeowners mount. Renters have also been unable to afford payments, putting additional risks on leasers. A staggering 4.3 million people have been unable to make their …

Don’t Blame Today’s Stock Market Bloodbath on a ‘Second Wave’

Stocks are having their worst day in weeks. The drop is being blamed on “concerns” for a second wave of the pandemic. But a struggling labor market, skyrocketing valuations, and a retail investor frenzy are the real catalysts. Stocks are taking it on the chin today. And according to the talking heads, the narrative is …