Opinion: This might be the most sustainable stock market bubble ever Is this the most sustainable stock market bubble ever?
It’s rare to find the words “sustainable” and “bubble” in the same sentence, but the stock market rally from November 2016 until now has been relentless enough to at least discuss the notion of a “sustainable bubble.”
A strong start
In February 2016, the S&P 500 Index SPX, -0.04% recorded three consecutive daily gains of more than 1.5%. The Profit Radar Report highlighted that this happened only eight other times.
A year later, the S&P 500 was up 19.16%. (Here’s an S&P 500 study with charts and graphics.)
The power of momentum
The February 2016 kickoff rally continued to build momentum. One way to quantify momentum was shown in the Nov. 19, 2017, Profit Radar Report:
“The S&P 500 was higher 8 of the first 9 months of 2017. This has only happened 8 other times (1936, 1950, 1954, 1958, 1964, 1995, 1996, 2006). 2, 3, 6, and 12 months later, the S&P was high..
Amazon.com’s ‘HQ2’ finalists include New York, Chicago, L.A., Atlanta, Boston, Dallas, Washington Amazon.com Inc.announced early Thursday a shortlist of 20 metropolitan areas that it has selected to move to the next phase of the selection process for the e-commerce giant’s second headquarters, dubbed HQ2.
Amazon AMZN, -0.68% said it narrowed the list from the 238 communities that submitted proposals.
From the archives: Amazon’s ‘HQ2’ dance-off included a Dear John letter, a huge tax sweetener and a whole lot more
The cities and regions that made the list, in alphabetical order:
• Austin, Texas
• Columbus, Ohio
• Los Angeles
• Montgomery County, Md.
• Nashville, Tenn.
• Newark, N.J.
• New York City
• Northern Virginia
• Raleigh, N.C.
• Toronto — the lone non-U.S. location to have made the cut.
• Washington, D.C.
Amazon has said it would invest over $5 billion in the..
American women have reached a milestone for the first time since 2006 The share of American women at the end of their childbearing years who have ever given birth was higher in 2016 than it was a decade earlier, reversing a near 40-year trend where fewer women in that age group were having babies. Some 86% of women ages 40 to 44 were mothers in 2016, up from 80% in 2006, according to an analysis released Thursday of U.S. Census Bureau data by the Pew Research Center, a think tank in Washington, D.C.
‘Not only are women more likely to be mothers than in the past, but they are having more children.’ “Not only are women more likely to be mothers than in the past, but they are having more children,” the report found. Overall, women have an average of 2.07 children during their lives — up from 1.86 in 2006, the lowest number on record. And among those who are mothers, family size has actually increased. In 2016, mothers at the end of their childbearing years had about 2.42 children, compar..
Larry Summers says sugar, cigarette taxes aren’t evidence of a ‘nanny state’ If governments are going to tax something, it might as well be the things that are bad for you.
That's the view of former Treasury Secretary Lawrence Summers, who is co-chairing a global task force that was announced Thursday, along with New York City Mayor Michael Bloomberg aimed at getting people to stop consuming and using the things that are detrimental to health, with sugar drinks in the firing line.
Summers spoke about the new push in an interview with The Wall Street Journal. The Task Force on Fiscal Policy for Health will also include central bankers, economist, finance ministers and health experts. Taxes have been raised on sugary drinks in a few cities, such as Seattle, where Costco COST, +0.12% objected by showing customers just how much the tax will cost them. Chicago approved its own soda tax over a year ago.
He addressed the objections by some, that such a tax is akin to telling people h..
Trump administration shuts Haiti out of seasonal worker program The Trump administration is further tightening immigration rules for Haitians, as it plans to remove the country from a program for temporary seasonal jobs, weeks after ending a humanitarian program that allowed tens of thousands of others to live and work in the U.S.
According to a notice that was set to be officially published in the Federal Register on Thursday, Haiti is being removed from a list of countries approved for the H-2A and H-2B visa programs as its participation “is no longer in the U.S. interest.” The programs permit certain foreigners to take temporary seasonal jobs in agriculture and other industries in the U.S., including tourism.
Read: Trump blasted after questioning protections for immigrants ‘from shithole countries’
Haitians represent just a fraction of foreigners participating in temporary worker programs. During the 2016 budget year, 883 temporary workers and their relatives were admitted to th..
Dow set to steady, Nasdaq under pressure as stock market rally takes a breather MARKETWATCH FRONT PAGE Stock investors appear ready to take a breather on Thursday, with the Dow hovering at record levels. A fresh batch of earnings results and economic data could provide some inspiration. See full story.
Why this high-flying Dow stock looks ready to sputter A lot of attention is going to the Dow’s latest leap and Apple’s tax-and-jobs splash. But it’s Boeing, up 19% this year, that’s the target of today’s bearish call. Plus, a chart on what’s going on with bitcoin’s selloff. See full story.
Prepare for these 5 tech stocks to move big on earnings Jeff Reeves says these are the tech earnings reports you want to watch (and it's just FAANG members). See full story.
How trading bitcoin could actually ruin your mental health Distress during the ups and downs of trading bitcoin. Where have we seen this before? See full story.
Graham pleads with Trump to support bipartisan immigration bi..