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Put Money into These Three Sectors Now

The Big Banks stunk it up last year with their market predictions. Going into 2023, here were their estimates for the S&P’s performance: Barclays: -4% Morgan Stanley: +1% Citigroup: +1% Bank of America: +4% Goldman Sachs: +4% RBC: +7% JPMorgan: +9% Wells Fargo: +12% And the S&P’s actual 2023 performance? +24%. To be fair, making market predictions is incredibly challenging. I’ll humbly admit that my own predictions wouldn’t necessarily have fared any better. But that’s why I’m thrilled to throw humility out the window as I point toward Luke Lango, whose 2023 predictions were shockingly accurate. Here’s a quick tour through the nine…

Retail Revivalists: 3 Stocks Reinventing Brick-and-Mortar

A lot of the credit for the U.S. averting an economic recession over the past year is going to consumers as their spending has remained strong despite elevated interest rates. The latest data from the U.S. Census Bureau showed that retail sales in November were up 0.1% from October, and up 3.1% from a year earlier. Despite a high interest rate environment, strong consumer spending has helped stave off an economic meltdown, so investors should be paying attention to top retail stocks in 2024. During the holiday shopping season at the end of 2023, consumers spent a record $9.8 billion on online shopping alone on Black Friday…

National debt tops $34 trillion

The government averted two government shutdowns last fall. Under a stopgap in November, which prevented a shutdown just before the holidays, the first deadline to fund four federal agencies is . Thank you for signing up! Subscribe to more newsletters Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

‘Day of reckoning’: AMP deputy chief economist Diana Mousina’s chilling warning…

A leading economist has warned that Australia is among the countries at risk of recession in 2024 after brutal interest rate rises. AMP deputy chief economist Diana Mousina said there was a 40 per cent risk of recession in Australia after one of the most intense cycles of rate rises by the Reserve Bank of Australia (RBA). The RBA has chosen to increase the cash rate 13 times in the past 19 months, taking interest rates from record lows of 0.10 per cent to 4.35 per cent in record time. The RBA was pushed to increase rates amid soaring inflation, pushing up costs for homeowners and businesses in a bid to keep prices down. “Usually,…

U.S. job openings fall slightly in November but remain high by historical…

America's employers posted 8.8 million job openings in November, down slightly from October and the fewest since March 2021. But demand for workers remains strong by historical standards despite higher interest rates. Wednesday's report from the Labor Department showed that the number of job vacancies dipped from 8.9 million in October. It also showed that the number of people quitting their jobs — a sign of confidence in the labor market — fell to its lowest level since February 2021. The number of quits is now roughly where it stood before the pandemic erupted nearly four years ago. In November, job openings dropped by 128,000 in…