The universe is behaving strangely. First the Chicago Cubs won the World Series and then Donald Trump won the presidency. The karmic wheel also took an unexpected turn for billionaire Warren Buffett.Buffett’s preferred presidential candidate Hillary Clinton lost, a shock for the Oracle of Omaha who during the campaign made… Read More
Stocks to Watch
Here’s the real lesson for investors about Donald Trump’s victory. Read More
The stock market’s reaction to Donald Trump’s upset victory has been calmer than expected. But while the broad indices haven’t freaked out, certain sectors of the market have seen big movements.We’ve talked about big moves among pharmaceutical and hospital stocks, as well as in the technology sector. Shares… Read More
With stocks rallying and the Obama-to-Trump transition going smoothly so far, the initial worries about a Trump election causing market turmoil haven’t materialized.Meanwhile, investors are making guesses about the impact Trump would have on various industries and stocks.As we mentioned yesterday, pharma and biotech stocks are rallying. But technology stocks… Read More
The voters have spoken.What does it mean for investors?First, the much-feared Trump Selloff didn’t last long. S&P 500 futures tanked as Trump’s victory unfolded – plunging as much as 5% in overnight trading — but then recouped the entire loss as bargain hunters swooped in – the largest 12-hour… Read More
Election Day, at last.From Key West to Nome to Honolulu, millions of Americans are heading to the polls today to exercise their right to vote in the world’s oldest democracy. It’s a stirring and encouraging ritual – a tonic for the wounds and bruises of a brutal campaign.Whatever the outcome,… Read More
To paraphrase Gerald Ford, our long national nightmare is almost over.Barring a recount or challenge, we’ll know our next president by early tomorrow morning. And not a moment too soon.It’s been a brutal campaign. The contrast between the candidates couldn’t be starker. Neither could the claims of catastrophic consequences should… Read More
The last jobs report before the election was good news for the Clinton campaign.The October report, released this morning, showed job creation of 161,000, with unemployment dropping to 4.9%. While slightly lower than the consensus estimate of 175,000, the number of jobs created was strong enough to reflect a… Read More
AT&T’s proposed $85.4 billion deal to buy Time Warner is the latest and largest mega-media merger. It won’t be the last.Here’s why: AT&T andVerizon make their money giving customers high-speed Internet service at home, pay TV channels and, in some cases, Internet access to mobile devices.The shorthand labels for these… Read More
Bloomberg had an article yesterday about “where the next crisis will come from.” The list included unsettled politics, problem banks and growing debt.Guess what? That’s a woefully incomplete list. But don’t expect me to complete it because the truth is we don’t know what the next crisis will be.Part… Read More