John Authers

20 results

 GameStop: a few hedge funds were bloodied, but others profited from the chaos. Photograph: Tiffany Hagler-Geard

The war between Reddit’s GameStop enthusiasts and Wall Street hedge funds was billed a David vs Goliath struggle. Last week’s crash in GameStop shares(...)

Fevered price action in the likes of Tesla (chief executive Elon Musk, above) doesn’t mean the wider market is a bubble. Photograph: Alexander Becher/EPA

Signs of speculative excess are not hard to find right now – just look at the price action in Tesla and bitcoin. Are markets getting bubbly? Stocktak(...)

Barclays forecasts that European earnings will spike by as much as 45 per cent in 2021. Photograph: iStock

European stocks were out of favour throughout 2020 until November’s rip-roaring comeback. The sheer extent of the turnaround – the Stoxx 600’s 16.7 p(...)

Democratic US presidential candidate Joe Biden during the final presidential debate  in Nashville, Tennessee, last Thursday. Photograph Jim Watson/AFP via Getty Images

Joe Biden has been well ahead of Donald Trump in the polls for some time. Does that mean a blue wave is already priced in? Maybe not. Betting markets(...)

August’s excesses were especially marked, leaving markets in extremely overbought territory. Photograph: iStock

September has lived up to its reputation as the ugliest month of the year for stock markets, with the S&P 500 suffering its first double-digit cor(...)

Warren Buffett: Berkshire has now underperformed the S&P 500 over the last one-, five- and 10-year periods. Photograph: Getty Images

Are investors losing faith in Warren Buffett? High-profile hedge fund manager Bill Ackman revealed last week that he had sold his $1 billion stake in (...)

The bounce in indices outside the US has been weaker, and investors are entitled to wonder if American optimism is overdone. Photograph: Michael Nagle/Bloomberg

“We’re only down 15 per cent from the all-time high of February 19th,” cautioned Oaktree Capital founder Howard Marks last week. “It seems to me the w(...)

US federal reserve Chairman Jerome Powell departs after giving a press briefing, after the surprise announcement the FED will cut interest rates. Photograph: Eric Baradat/AFP/ Getty Images)

Last week’s rate cut cannot kill the coronavirus, but that doesn’t mean it was futile. There had been a sharp tightening in financial conditions; Bloo(...)

 Bernie Sanders during a rally last week in Richmond, Virginia. Markets don’t like Sanders’s agenda. Photograph:  Zach Gibson/Getty Images

Billionaire bond manager Jeffrey Gundlach reckons commentators are overstating the coronavirus role in last week’s sell-off, saying markets are also “(...)

A trader works on the floor of the New York Stock Exchange on January 27th in New York City, US. Photograph: Spencer Platt/Getty Images

Stocks have tumbled recently on account of the coronavirus outbreak – or have they? Last week, stocks tanked on Monday, with the S&P 500 enduring(...)

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