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

‘High valuations will become a speed limit’: A Goldman Sachs portfolio strategist warns the stock market’s record-setting August is setting traders up for disappointment

Summary List Placement Christian Mueller-Glissmann, a portfolio strategist at Goldman Sachs, told CNBC on Wednesday that markets have been boosted to high valuations with the help of policy support. But he warned that those lofty prices make stocks more vulnerable, and will act as a “speed limit” in the future. […]
‘High valuations will become a speed limit’: A Goldman Sachs portfolio strategist warns the stock market’s record-setting August is setting traders up for disappointment
Markets

‘The market is ahead of the fundamentals’: Billionaire investor Leon Cooperman says stocks are overvalued, especially considering the huge increase in debt

Billionaire investor Leon Cooperman told CNN in a Monday interview that the stock market is overvalued, and that he’s worried about the huge increase in national debt. “The China relationship deteriorating, the tremendous increase in debt in the system, certainly from the election, the virus issues,” are risks that could […]
‘The market is ahead of the fundamentals’: Billionaire investor Leon Cooperman says stocks are overvalued, especially considering the huge increase in debt
News

We just got a better look at Walmart’s growing healthcare ambitions

Welcome to Dispensed Daily, your daily dose of healthcare news from Business Insider’s healthcare editor Lydia Ramsey Pflanzer. Subscribe here to get this newsletter in your inbox every weekday. Hello, We’ve made it to the start of another work week. Hope everyone’s found some time to take off this summer […]
We just got a better look at Walmart’s growing healthcare ambitions
Markets

Billionaire investor David Tepper calls stock market overvalued

Billionaire investor David Tepper said the current valuation of the stock market is the second highest he’s ever seen, just behind 1999. In an interview on CNBC’s Halftime Report on Wednesday, Tepper said that the Fed has “put a lot of money in here,” and “the market [valuation] is by […]
Billionaire investor David Tepper calls stock market overvalued
Markets

Presidential hopeful Andrew Yang calls out WeWork in a tweet, saying its $47 billion valuation is ‘utterly ridiculous’

Andrew Yang, the 2020 Democratic presidential hopeful, called out WeWork in a tweet on Wednesday. He called the company’s $US47 billion valuation “utterly ridiculous,” agreeing with New York University professor Scott Galloway’s piece on Business Insider. WeWork has come under fire for multiple bizarre points uncovered in its S-1 filing […]
Presidential hopeful Andrew Yang calls out WeWork in a tweet, saying its $47 billion valuation is ‘utterly ridiculous’