• Buoyant stocks lift US household wealth, mainly for affluent

    2 monthes ago - By Chron

    WASHINGTON - A rising stock market lifted U.S. household wealth to a record $106.9 trillion in the April-June quarter, the culmination of a decade of economic recovery but a gain that is concentrated largely among the most affluent.
    The value of Americans' stock and mutual fund portfolios rose $800 billion, while home values increased $600 billion, the Federal Reserve said Thursday. Total household wealth is now 2.1 percent higher than in the first quarter, when it was $104.7 trillion.
    Household net worth reflects the value of assets like homes, bank accounts and stocks minus debts like...
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  • A 'classic topping formation' that has shown up in every stock-market peak over the past 5 decades is rearing its head once again

    A 'classic topping formation' that has shown up in every stock-market peak over the past 5 decades is rearing its head once again

    2 monthes ago - By Business Insider

    A potential "double top" is forming in the S&P 500, according to Gluskin Sheff Chief Economist and Strategist David Rosenberg.
    At the same time, volume and stock-market breadth are declining.
    That pattern has shown up in every topping process over the past five decades.
    Signs of a stock-market meltdown keep piling up, and now it's time to add a "classic topping formation" that has shown up in the charts, according to Gluskin Sheff Chief Economist and Strategist David Rosenberg.
    In a chartbook sent out to clients on Tuesday, Rosenberg makes note of the "double top" that appears to be taking...
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