Markets

The K-shaped economic recovery dividing America also applies to companies. Here are 4 implications of that trend, according to a Wall Street chief strategist.

Just as the pandemic’s economic fallout disproportionately hit low-income Americans and minorities, low-earning industries face a far more difficult return to pre-pandemic strength, said James Paulsen, chief strategist at The Leuthold Group. High-earning sectors’ unemployment rate jumped to just 12% and now sits at 5.5%. Yet low-earning industries saw their […]
The K-shaped economic recovery dividing America also applies to companies. Here are 4 implications of that trend, according to a Wall Street chief strategist.
Markets

Mohamed El-Erian warns that stocks could tank if the Fed’s liquidity ‘engine’ stops running, cites disconnect between prices and fundamentals

Economist Mohamed El-Erian says markets may falter as the Fed’s liquidity “engine” becomes less and less powerful, and as investors begin to challenge elevated valuations. “If that engine disappears, we have a long way between where asset prices are right now and where fundamentals will validate them,” he told Bloomberg […]
Mohamed El-Erian warns that stocks could tank if the Fed’s liquidity ‘engine’ stops running, cites disconnect between prices and fundamentals
Markets

$4.6 BILLION BOATS: Nearly 1 in 20 Aussies went cruising last year

Australia’s cruising industry posted a massive 27% jump in economic value last financial year, hitting $4.58 billion in FY15, according to a new industry report. The Cruise Lines International Association (CLIA) Australasia’s annual report, “Contribution of Cruise Tourism to the Australian Economy in 2015-16”, shows the industry continues to boom, […]
$4.6 BILLION BOATS: Nearly 1 in 20 Aussies went cruising last year