Dow Futures on Edge as Fund Manager Warns of 50% ‘Socialist Sell-Off’ in 2020

Dow Jones Industrial Average (DJIA) futures were flat on Tuesday after painful start to December trading. Yet another fund manager stoked fear over the possibility of a Democratic White House in 2020. Steven Gidumal warned of 50% sell-off if a socialist candidate is elected. Dow (DJIA) futures contracts traded cautiously higher before the bell on …

Dow Futures Rocket but Warren Buffett’s $128 Billion Skips Overpriced Market

Dow Jones Industrial Average (DJIA) futures rocket 117 points on Monday thanks to US-China trade optimism. But billionaire Warren Buffett remains cautious of market prices, pulling out of an acquisition deal after being outbid. Berkshire Hathaway still sits on a record $128 billion cash pile, reluctant to enter a frothy market. Dow Jones Industrial Average …

Leading Economic Index Decline Adds to Recessionary Red Flags

The Conference Board’s Leading Economic Index showed another decline for October, suggesting the economy will finish the year on a low note. The LEI isn’t the only worrying trend pointing to an eventual recession. Even as the economy slows, the stock market could continue to climb in the near-term. But long-term worries persist. On Thursday, …

Ray Dalio Says ‘World Has Gone Mad’ and Bitcoin Crowd Cheers

Ray Dalio is making many friends in the crypto community after sounding the alarm about the perilous conditions in the financial system. In a post entitled “The World Has Gone Mad and the System Is Broken,” the billionaire hedge fund manager outlines why something has to give amid unsustainable circumstances comprised of free money, government …

Gold Price Rips Lower After Massive Selloff as Dollar Spikes, Dow Hovers Near All-Time High

Gold plunged 1.5% on Tuesday as risk-off assets suffered. U.S. services PMI improved more than expected in October, according to the Institute for Supply Management. U.S. dollar hits three-week high against a basket of currencies. The price of gold plunged on Tuesday, wiping out more than a week’s worth of progress as keener appetite for …