The market is pricing in ‘widespread disaster’ that’s hard to see
All those cynics who, for years, have predicted the end of the longest bull market in history, have finally been correct. Click here to read my new piece on CNBC.com
[VIEW FULL POST]Category: Investing
Digital darling stocks are not necessarily riskier than blue chip names despite their reputation
One of the favorite pastimes of market watchers is predicting the next seismic shift in investor preference. The latest trendy forecast goes something like this: We’ve had a major pivot from the digital darling FAANG stocks to the rejuvenated “Blue Chips” of 2018. However, finding evidence of this type of leadership swap in history is far from…
[VIEW FULL POST]Closing Bell – Karen Firestone
I recently called into Closing Bell on CNBC to discuss where I think the market can go from here. Watch the full video on LinkedIn.com
[VIEW FULL POST]WSJ: The New Business Banker: A Private-Equity Firm
One of the reasons that “official” interest rates are staying low is that the shadow lending economy has so much available cash to finance deals that traditional banks won’t. PE firms are big players in the game now too. Read the full article in The Wall Street Journal
[VIEW FULL POST]WSJ: Business-Loan Drought Ends for Banks
This WSJ article highlights the acceleration in U.S. bank lending, which had curiously slowed the last couple of years despite solid economic fundamentals. Reasons for the deceleration included political uncertainty leading up to and after the Presidential election, as well as uncertainty regarding healthcare and tax reform. Now with some more clarity around these issues…
[VIEW FULL POST]NYT: A Drug Costs $272,000 a Year. Not So Fast, Says New York State.
It’s time for courts to weigh in on the issue of drug pricing. As an investor, we want drug companies to earn a strong return on their investment – but using the “value of a life” thesis to justify price is too arbitrary as that might be infinite. Read the full article in The New…
[VIEW FULL POST]CNBC: Companies have no choice now but to raise wages
Finally, after years of unrequited anticipation, we are seeing some reasonable wage growth. Here is my newest piece – click here to read the full article on CNBC.com
[VIEW FULL POST]The Economist: American tech giants are making life tough for startups
In this article The Economist details how the U.S. tech giants are making life difficult for start-ups. Read the full article in The Economist
[VIEW FULL POST]SquawkBox: Kari Firestone Guest Hosts
I guest hosted Squawk Box recently to break down our outlook on the markets and the health of the U.S. economy. Watch the video on CNBC.com
[VIEW FULL POST]NYT: Profits Are Soaring. The Stock Market Has Barely Noticed.
This article points out what we’ve observed, that U.S. corporations are experiencing very strong earnings and revenue growth but the stock market, which worries and predicts the future, is skeptical that this won’t last. The tug of war is likely to continue through 2018, but the bulls have the latest upper hand. Read the full…
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