Due to high valuations and less supportive Federal Reserve policies, Jim Paulsen of The Leuthold Group forecasts a 10% to 15% fall next year. However, due to ongoing solid GDP and profit growth, he anticipates a large market setback to be temporary.
Go Deeper (2 min read)LSE's Lackluster Performance
London's attempt to compete with New York by transforming its stock market into a refuge for fast-growing technology businesses is stumbling as trading volumes decrease and some big-ticket initial public offerings fail.
Go Deeper (2 min read)A New Hawkish Normal
As it confronts growing inflation pressures, Federal Reserve Chairman Jerome Powell suggested on Tuesday that the central bank may remove its support faster than initially planned.
Go Deeper (3 min read)Southeast Asia's Huge Leap Forward
Since the start of the coronavirus pandemic, the region has added 60 million new internet users, bringing the total to 440 million, according to a report by Alphabet's Google, Singapore state investor Temasek Holdings, and global business consultants Bain & Company.
Go Deeper (3 min read)The Fed's Dovish Taper
The Federal Reserve said on Wednesday that it will begin reducing its monthly asset purchases this month, with plans to terminate them in 2022, signalling the start of its tightening cycle.
Go Deeper (2 min read)More from Markets
The Tech Boom Is Over?
Despite reporting stellar results for the second quarter, many tech companies were punished by investors for their more cautious forecasts. Major lockdown-winners are now warning that growth going forward might be pressured as consumers get back to their pre-pandemic lives.
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Higher Interest Rates? Bullard Says "Yes"
St. Louis Federal Reserve Bank President James Bullard thinks that the pandemic may have pushed the U.S. into an era of stronger growth and higher productivity. In contrast with the last decade of low growth, low productivity and low inflation.
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Bubbles? What Grantham Is Seeing
Right now, Grantham believes that the stimulus, vaccine optimism and the ongoing economic recovery have enabled investors to buy some time. Yet, serious issues such as rising interest rates, sustained inflation, labor shortages and exploding commodity prices could trigger the next fall.
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In June, inflation continued its rapid ascend, rising at its fastest pace in nearly 13 years amid an ongoing increase in the cost of used vehicles, food and energy.
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Shortages Cool Down Growth
The Institute for Supply Management said on Tuesday that its non-manufacturing activity index has fallen to 60.1 while it stood at 64.0 in May. A reading above 50 indicates growth in the services sector, which accounts for two-thirds of U.S. economic activity.
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Rising Home Prices And Labour Shortages
With the stock market close to its all-time highs, the wealth effect is starting to form and retail investors are moving some of their gains from the stock market to the housing market.
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