By SIMON CONSTABLE
Forget worries that the stock market is overvalued, at least for the time being.
Sentiment is what drives prices in the SPDR S&P 500 exchange-traded fund, which tracks the largest U.S.-listed companies. Right now that sentiment is getting far more bearish, new research shows.
And that alone should be a reason to buy stocks. Read more here.
By SIMON CONSTABLE
News that Venezuela’s president Nicolas Maduro will visit the Islamic Republic of Iran soon could hardly be more symbolic. That’s because few countries are so well paired when it comes to economic mismanagement.
If the visit augers even more “cooperation” between the two countries, then observers should expect both countries to shrink further into oblivion. Read more here.
By SIMON CONSTABLE
This year’s mega-bubble in lumber prices likely won’t stage a repeat performance next year. The problem is the economically sensitive housing sector is set to have a slowdown as interest rates and inflation squeeze would-be homebuyer wallets.
The result will be falling lumber prices, experts say. Read more here.
By SIMON CONSTABLE
Investors seem to have offered little but a shrug to the threat of military conflict in eastern Ukraine. That’s surprising given the growing rhetoric out of the Kremlin.
Thursday Russian troops began a series of military drills near Ukraine’s border less than a day after Russian president Vladimir Putin said NATO (the North Atlantic Treaty Organization) should “go to hell,” press reports say. Read more here.
