Driving through Northern Alabama on Thursday, veteran investor Bill Smead was on the road pitching potential clients on his Smead Value Fund (SMVLX). It’s not an easy sell right now. His energy and homebuilder stocks have taken a hit, and the fund is down 11% since May of last year. In contrast, the S&P 500 […]
Wall Street Veteran Bill Smead Sounds Alarm: “The Most Dangerous Market of My Career Read More »
In October, Wall Street celebrated the two-year anniversary of the current bull market. Since the beginning of the year, the mature stock-driven Dow Jones Industrial Average (^DJI 0.24%), benchmark S&P 500 (^GSPC 0.02%), and growth stock-powered Nasdaq Composite (^IXIC -0.20%) have surged by 19%, 28%, and 31%, respectively, as of the closing bell on Dec.
As California continues to grapple with its long-standing housing affordability crisis, a new bill is proposing a novel solution: put a pause on changes to the state’s building code. Assembly Bill 306, introduced by Assemblymember Nick Schultz of Burbank, seeks to freeze the current building standards through at least 2031. These standards, which dictate everything
California Considers Freezing Building Code to Tackle Housing Costs Read More »
What happens to mortgage rates with more trade deals?If we avoid a recession, mortgage rates could stay elevated. What will happen to mortgage rates now that China and the U.S. have made progress in their trade war, agreeing to a 90-day period of lower tariffs? Stocks are up considerably this morning and bond yields have
How Trade Deals Could Shape Mortgage Rates in 2025 Read More »
An “ultimate money printer” sounds very desirable in these times — or in any time, really. To combat financial friction due to heightened tariffs on goods and the declining value of the U.S. dollar, personal finance guru Graham Stephan said many investors are turning to one thing. Read on to find out what that investment
Graham Stephan Calls Gold the ‘Ultimate Money Printer’ Amid Economic Uncertainty Read More »
Nancy Pelosi‘s investments over 11 years have outperformed the ‘Oracle of Omaha’, Warren Buffett‘s Berkshire Hathaway Inc. (BRK), with gains that are more than double the latter’s performance. What Happened According to the data from Quiver Quantitative, Pelosi’s investments have fetched her gains of 692.75% since May 16, 2014. This is an aggregate of the
Nancy Pelosi’s Stock Gains Outpace Warren Buffett’s Over Past 11 Years Read More »
The flagging economy is beginning to weigh heavily on the U.S. housing market. President Donald Trump’s trade war is pushing construction costs higher, and interest rates are expected to remain elevated through the rest of the year. According to the original report, “The faltering economy is starting to become a drag on the housing market.”
Housing Market Stumbles Under Trade War Pressure and Economic Uncertainty Read More »
Warren Buffett said Saturday that he will step down as the head of Berkshire Hathaway (BRK.A) at the end of this year, ending a storied investing career that saw him beat the market year after year and earned him the nickname “Oracle of Omaha.” Buffett, Berkshire’s CEO and chairman, said he will recommend to the
Warren Buffett to Step Down as CEO of Berkshire Hathaway by Year’s End Read More »
Homebuyers are retreating once more, with mortgage demand falling even as rates remained relatively stable last week. “Applications for a mortgage to purchase a home dropped 4% last week compared with the previous week,” according to the Mortgage Bankers Association’s seasonally adjusted index. The report noted that “volume was just 3% higher than the same
Homebuyers Back Off as Mortgage Applications Drop Amid Economic Jitters Read More »
Washington voters will be asked this fall to amend the state constitution to allow the state’s long-term care program, WA Cares Fund, to invest its funds in the stock market. The Washington State Legislature has put a measure on the November 4 ballot to change the current investment rules for the WA Cares Fund. The
Washington Voters to Decide on Investing WA Cares Funds in Stock Market Read More »
