03/12/2021
Today Ken Fisher, RealClearMarkets The Green New Deal. Medicare for All. Huge income and capital gains tax hikes. Wealth taxes. These policy ideas, and similar others, plagued many investors since 2020's election campaign kicked off. Now, halfway through the Democrat-"controlled" government's first 100 days, the recent debate over the administration's $1.9 trillion COVID aid package showed you again those extreme ideas stand no chance. Gridlock rules Washington—a positive for stocks. |
Matt Whittaker, U.S. News & World Report IF THERE'S ONE SURE thing in investing, it's that past performance doesn't necessarily indicate future success. Yet experts and amateurs alike constantly make stock market predictions. |
Lawrence McMillan, MarketWatch The ?stodgy? side of the market is leading, while volatility is unusually high. |
Antoine Gara, Forbes Private equity giants KKR and Blackstone Group have made subtle changes to their corporate structure, which makes them eligible for the S&P 500 Index. Get ready to add private equity to your 401k. |
Luke Winkie, New York Times Mayor de Blasio, here's what to do with all the people returning to the city from log cabins and beach houses. |
Michael Hendrix, New York Post President Joe Biden's blue state bailout, which he's expected to sign Friday, is a monstrosity â?" so large it leaves America's states with a surplus after one of the costliest pandemics in history. |
Brad Polumbo, Foundation for Economic Education President Biden just signed his sweeping $1.9 trillion spending packageinto law. Once this bill hits the books, total taxpayer expenditure on (ostensibly) COVID relief will hit $6 trillion—which, roughly estimated, comes out to $41,870 in spending per federal taxpayer. |
Jonathan Russo, Worth "Quality of life will determine the future of all urban areas, especially as we try to recapture the people, businesses and revenue that have left our cities." |
Randolph May, RCM There is no need for the Federal Communications Commission to take any action to reimpose so-called "Title II" public utility-like net neutrality regulation on Internet service providers. Such heavy-handed regulation was eliminated by the agency's December 2017 Restoring Internet Freedom Order (RIF Order). Since then, there has been no meaningful evidence of consumer or competitive harm attributable to the agency's deregulatory action. Nevertheless, it's likely that once a newly reconstituted FCC secures a 3-2 Democratic majority, whoever chairs the agency at the time will "feel" compelled... |
Nathan Bomey, USA Today After years of sluggish adoption, electric vehicles are poised for a sharp increase in sales, new products and investments that could eventually make the gasoline engine a thing of the past. Look no further than Wall Street, where investors are positively giddy about the prospect of established automakers offeringfull lineups of electric vehicles, like General Motors, and about the chances of startups like Lucid Motors and Rivian that are promising groundbreaking EVs to come. |
Alex Pollock, RCM The government of Puerto Rico continues to hold the all-time record for a municipal insolvency, having gone broke with over $120 billion in total debt, six times as much as the second-place holder, the City of Detroit. Faced with this huge, complex, and highly politicized financial mess, and with normal Chapter 9 municipal bankruptcy legally not available, the Congress wisely enacted a special law to govern the reorganization of Puerto Rico's debts. "PROMESA," or the Puerto Rico Oversight, Management, and Economic Stability Act, provided for a formal process supervised by the federal courts,... |
Christy Bieber & Maurie Backman & Katie Brockman, Motley Fool When it comes to investing for retirement, there are multiple tax-advantaged accounts to choose from. It can be confusing to pick which one is best, especially when they each have their own pros and cons. To help you out, three Motley Fool retirement experts each made the case for one of three common types of retirement accounts: 401(k)s, traditional IRAs, and Roth IRAs. Check out the arguments for each and see which one seems like the best fit to meet your needs. |
Liz Ann Sonders, Charles Schwab Sentiment has been a problem; higher yields was the catalyst for a bit of a reset. |
Collin Martin, Charles Schwab With interest rates rising, "zombie companies" may have to refinance debt at higher rates. |
Richard Moody, Regions Bank |
Brian Wesbury & Robert Stein, First Trust Advisors |
Hayden Adams, Charles Schwab Was your tax refund smaller than in previous years? Did you owe more than usual? Here's why. |
Rob Arnott, Lillian Wu, Brad Cornell @RA_Insights The siren song of a "big market"â?"opened through innovation or disruption, such as the newly beloved electric vehicles marketâ?"lures investors to enthusiastically push up prices of all firms in the industry as if each will be a major winner. The reality is that as competitors in an evolving industry, some will fail. Pricing each company's stock without regard to this fact is the "big market delusion." |
Richard Moody, Regions Bank |
Nick Tomaino, National Review Monetary policy is heading back to the 1960s when the Phillips Curve ruled. The result will be the same. |
Leticia Miranda, NBCNews As mounting climate-related power failures hammer the country's electrical grid, a growing number of homeowners are building their own power system. |
Julia Horowitz, CNN Desperate to save their economies from complete collapse, governments borrowed unprecedented amounts of money on the cheap to support workers and businesses during the pandemic. Now, with recovery in sight, a big risk looms: interest payments. |
shang jin wei, @prosyn US President Joe Biden will not rescind Donald Trump's tariffs on imported Chinese goods for China's benefit. But he has three stronger reasons to do so: The measures have hurt American workers and firms, failed to reduce the overall US trade deficit, and arguably further weakened respect for global economic rules. |
Susan Dziubinski, @MorningstarInc These familiar brands are all undervalued today. |
Peter Suderman, Reason.com The pandemic relief bill isn't just a one-time splurge. |
Steve Lohr, The New York Times Investors, who flocked to companies like Zoom as the virus spread, have started to look elsewhere. |
Ben Carlson, A Wealth Of Common Sense One of the strange subplots of the past decade or so in the markets is bad behavior has been rewarded. That may finally be ending. |
John Rekenthaler, @MorningstarInc Is the currency worth owning? |
Barry Eichengreen, @prosyn Recently, the idea of a digital greenback elicited support from US Treasury Secretary Janet Yellen and Federal Reserve Chair Jay Powell. Ultimately, the advantages of a digital dollar will need to be weighed against the potentially high costs and significant risks to the financial system that come with it. |
Julia Horowitz & CNN Business, CNN Heading into 2021, most of Wall Street was in agreement: the US dollar, which spiked a year ago as Covid-19 sent markets into a tailspin, was poised to stay on the back foot for some time. |
Morgan Housel, Morgan Housel Investing is a broader field than it looks, and there is so much to learn about it outside of the narrow lens of finance. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Christian Britschgi, Reason A Reason reporter went to Paso Robles, California, where many businesses defied state orders to close. He enjoyed it. He also got COVID. |
Jamie Powell, FT Alphaville |
Ed Yardeni, Dr. Ed's Blog A housing shortage is turning rent disinflation around. |
Scott Grannis, Calafia Beach Pundit Today the Fed released its estimates of household net worth as of the end of December 2020. Net worth has reached a new record high. |
Ben Carlson, A Wealth Of Common Sense It isn't that hard. |
Justin Bariso, Inc. Get a first look at Google's new certificate programs and a new feature of Google Search designed to help job seekers everywhere. |
Jack Forehand, Validea Value has outperformed since the bottom last year but there is more going on here than meets the eye. |
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