Commerce Secretary Gina Raimondo seen taking Janet Yellen’s job at Treasury after midterm elections

The Biden White House could experience a changing of the guard after November’s midterm elections, and analysts see the U.S. Treasury as one department that’s likely to get a new leader. The period “after a midterm shellacking” would be a “natural culling point” at the White House, said Ben Koltun, director of research at Beacon … Read more

‘A game of catch and release’: Are recent stock-market rallies the beginning of a bull run?

The US stock market’s deteriorating breadth means rallies may be short-lived, according to Charles Schwab’s chief investment strategist Liz Ann Sonders. “Even in the most brutal of bear markets, you get sharp, counter-trend rallies,” Sonders said in a phone interview on Thursday. In her view, the stock market’s recent moves higher, like the one leading … Read more

The beginning of the end of the stock market’s correction could be near

The end of the US stock market’s correction is looking a lot closer. That’s the conclusion of a contrarian analysis of market timer sentiment. It’s encouraging, from a contrarian perspective, that the market timer community in recent days has become extremely pessimistic – as pessimistic, in fact, as it has been at a prior market … Read more