US equities take another week of losses, Dow closes at lows since November 2020 as bond yields beat equities after Fed rate hike

US equities closed sharply lower on Friday, with the Dow Jones Industrial Average closing at its lowest close since November 2020. All three major benchmarks suffered another week of losses as bond yields rose on the in the wake of the Federal Reserve’s interest rate hike on Wednesday. For the week, the Dow was down … Read more

This “one big predictor of future stock market returns” has fallen sharply — and that’s a bullish sign.

CHAPEL HILL, NC – Much of the bull market excesses have been eliminated, according to the “Single Greatest Predictor of Future Stock Market Returns”. And this is good news. I am referring to the indicator, first proposed by the Philosophical Economics blog in 2013, which is based on the portfolio allocation of an average family … Read more