Equity Markets

Are markets underestimating how far the Fed must go to tame inflation?

The Federal Reserve isn’t even four months into its latest interest-rate-hiking cycle, and yet investors are already pricing in rate cuts as soon as next year, the latest sign that the market is bracing — or perhaps rather hoping — for a swift return to the easy-money monetary policy that helped drive the roaring stock …

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Stocks Had a Nasty 6 Months. The Second Half Could Be Ugly Too.

Text size Bond markets are pricing in significant additional interest-rate hikes this year, but some stock analysts’ earnings forecasts remain optimism. Michael Nagle/Bloomberg It was a first half destined to haunt investors. The past six months were historically bad for stocks, bonds, cryptocurrencies, and practically every other asset class outside of commodities. Despite its late …

Stocks Had a Nasty 6 Months. The Second Half Could Be Ugly Too. Read More »

Here’s what one investor says he’s learned from Warren Buffett and Charlie Munger — and the mistakes he’s made

This year has been inescapably awful for investors, as this chart on first-half performance shows. So in an environment where every short-term move seems to be a bad one, it might be worth getting a longer-term perspective. Monish Pabrai, the founder of both the Pabrai Investment Funds and the Dhando Funds and an author on …

Here’s what one investor says he’s learned from Warren Buffett and Charlie Munger — and the mistakes he’s made Read More »