Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>US stocks ended Monday mostly higher, led by a surge in Tesla on the potential for easing autonomous vehicle rules.</li><li>The Nasdaq 100 rebounded after a more than 3% drop last week, which was partly influenced by the Fed's interest-rate outlook.</li></ul>US stocks traded mostly higher on Monday, partly driven by a surge in <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla.</a>Tesla stock jumped as much as 9% after <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-trump-reportedly-relaxing-self-driving-rules-tsla-2024-11">a report said</a> the incoming Trump administration was planning to ease regulations on autonomous vehicles.The <a target="_blank" class="" href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100</a> led the market higher, ending a five-day losing streak, while the <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> gained slightly and the <a target="_blank" class="" href="https://markets.businessinsider.com/index/dow_jones">Dow Jones</a> edged lower.The gains in the Nasdaq on Monday come after last week's more-than-3% decline, which was exacerbated by comments from Fed Chairman Jerome Powell.Powell said in a Thursday speech that the Fed can take its time in lowering interest rates.Investors are now pricing in a 59% chance of a 25-basis-point rate cut at December's Fed meeting, down from 80% before Powell's comments, according to the <a target="_blank" class="" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME FedWatch tool</a>.Investors' top concerns this week include Nvidia's third-quarter earnings report, which is due after the market closes on Wednesday.For economic data, traders will be paying attention to housing starts and building permits, which are due out Tuesday morning. That will be followed by existing home sales and initial jobless claims, which are set to be released Thursday morning.Here's where US indexes stood at the 4 p.m. closing bell on Monday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,893.62, up 0.4%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 43,389.60, down 0.1% (55 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 18,791.81, up 0.6%</li></ul>Here's what else happened today:<ul><li><a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-election-win-high-inflation-risk-tariffs-deportations-taxes-2024-11">The stock market's Trump honeymoon is starting to turn sour</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/read-spirit-airlines-open-letter-customers-bankruptcy-keep-flying-booking-2024-11">Spirit Airlines filed for Chapter 11 bankruptcy protection on Monday.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/nvidia-blackwell-chip-ai-overheating-delay-share-price-2024-11">Nvidia's next-gen Blackwell GPU chip has reportedly hit an overheating snag.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/inflation-fed-rate-cuts-outlook-economy-trump-tariffs-tax-cuts-2024-11">Watch these 4 signs of re-inflation ahead of Trump's second administration.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-morgan-stanley-mike-wilson-bullish-11-upside-2024-11">Morgan Stanley strategist Mike Wilson turned bullish on stocks, issuing a 2025 year-end price target of 6,500 for the S&amp;P 500.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-trump-reportedly-relaxing-self-driving-rules-tsla-2024-11">Uber shares fell 5% following concerns that a Tesla autonomous vehicle network could impact its business negatively.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil rose 3.32% to $69.14 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, was higher by 3.18% to $73.30 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> increased 1.66% to $2,612.70 an ounce.</li><li>The 10-year Treasury yield dropped 2 basis points to 4.422%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> gained 1.58% to $91,300.</li></ul>

Stock market today: Tesla powers tech rally as Nasdaq snaps 5-day skid

<ul class="summary-list"><li>The post-election rally has led stock exposure to jump to its highest level in 11 years, BofA says.</li><li>The bank's fund manager survey says US stocks will continue to rally, and are set up to be the best performing asset in 2025.</li></ul>Donald Trump's election win has sparked a <a target="_blank" href="https://markets.businessinsider.com/news/stocks/trump-election-win-stock-market-today-record-high-sp500-dow-2024-11?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">rally in US stocks</a>, pushing investors' equities exposure to jump to its highest level in 11 years.That bullishness is set to continue, too, according to a Bank of America survey of fund managers. The survey showed fund managers predict US equities will be the best-performing asset next year, fueled by the promise of pro-business policies under Trump.The survey showed a marked "surge in bulls," strategist Michael Hartnett said.Now, a net 28% of those investors expect the US economy to grow at a stronger pace in the next year. That's a stark shift from last month's survey, when 22% expected weaker growth.The survey participants, who manage a combined $503 billion in assets, say that apart from US stocks, global equities and gold will also perform well next year.Those who made their calls after the election also pointed overwhelmingly to the Russell 2000 index of smaller stocks as the best-performing index for next year.Small-cap stocks are expected to do well in a second Trump presidency due to their lack of international exposure, which will minimize risk from Trump's proposals for sweeping tariffs on imports. Those stocks have also seen inflows since the election, with the Russell 2000 surging almost 6% since Election Day. US stocks have extended their postelection rally into this week. Investors expect that Trump's proposed policies, like corporate tax cuts and less regulation, will be more business-friendly and boost earnings.The widespread rally has sparked massive inflows into Trump trades like <a target="_blank" href="https://markets.businessinsider.com/news/currencies/bitcoin-record-price-outlook-crypto-trump-election-digital-assets-altcoins-2024-11?_gl=1*3p5vvo*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMTQxOTczNy4zOTIuMS4xNzMxNDE5NzQ0LjUzLjAuMA..">bitcoin</a> and <a target="_blank" href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-trillion-valuation-donald-trump-election-win-tsla-2024-11?_gl=1*jyqhh7*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMTQxOTczNy4zOTIuMS4xNzMxNDE5NzcxLjI2LjAuMA..">Tesla</a>, as well as shares of banks that are expected to benefit from his policies.The S&amp;P 500 and the Dow Jones Industrial Average have hit record highs since the election.

Stock exposure hits 11-year high as investors expect US equities to be the top-performing asset in 2025, BofA survey says

Mumbai: Indian stock markets rallied on Monday after the <keyword id="20032950" type="General" weightage="20" keywordseo="BJP-led-government" source="keywords">BJP-led government</keyword> secured a majority in the latest state elections in Maharashtra. The <keyword id="20641216" type="General" weightage="100" keywordseo="Nifty-50" source="keywords">Nifty 50</keyword> index gained more than 1.45 per cent or 346.30 points to open at 24,253.55 points, while the BSE <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> index surged 1,076 points or 1.36 percent to open at 80,193.47 points. Experts noted that the election results have an impact on the markets today, and if past trends are followed, the markets may witness some rally amid the return of the BJP in the Maharashtra state elections. <keyword id="20161891" type="General" weightage="20" keywordseo="Ajay-Bagga" source="keywords">Ajay Bagga</keyword> Banking and Market Expert stated that "The just concluded elections in Maharashtra, the results of which were declared on November 23rd, will have a positive immediate impact on the stock markets. The landslide win for the BJP lead coalition in the Maharashtra state elections could lead to a short-term boost to the Indian stock markets which have been in a declining mode" He further added "Investors will interpret this mandate as favourable for the capex and infrastructure push that is ongoing in Maharashtra. The beneficiary sectors of this election are industrials, infrastructure, manufacturing, real estate and financials". In the sectoral indices on the National Stock Exchange, <keyword id="20065014" type="General" weightage="20" keywordseo="Nifty-Realty" source="keywords">Nifty Realty</keyword> and <keyword id="19941314" type="General" weightage="20" keywordseo="Nifty-PSU-Bank" source="keywords">Nifty PSU Bank</keyword> rallied with a surge of more than 2 percent, while other major indices also gained more than 1.5 per cent, including Nifty Metal, Nifty Media, and Nifty Oil &amp; Gas. In the Nifty 50 list, 49 stocks gained during the opening session, while only one stock declined. Shri Finance opened as the top gainer in the Nifty 50. The shares of the AdGroup also surged around 2 percent at the time of filing this report. <keyword id="19967296" type="General" weightage="20" keywordseo="Adani-Green" source="keywords">Adani Green</keyword> also climbed around 4 percent. "We are most likely to break the falling 20-day average that lies at 24,030, which will be the first time that'd happen since the record high of 27th September. Seasonality trends between now and the end of the year have been historically positive, with the Nifty rising 80% of the time during this period with an average return of over 4 per cent" Akshay Chinchalkar, Head of Research, Axis Securities. In other Asian markets, Japan and South Korea indices rallied. The Nikkei 225 index surged more than 1.5 percent, South Korea's Kospi also rose by 1.5 percent, Taiwan's Weighted Index was up by 0.48 percent, while Hong Kong's Hang Seng index was down marginally by 0.14 percent at the time of filing this report.

Nifty, Sensex rallied around 1.5 % after Maharashtra election results, Experts noted short term rally

<ul class="summary-list"><li>Investors worried about a market correction should adjust their portfolios, David Rosenberg says.</li><li>The top economist has warned stocks are in a bubble and at risk of a major decline.</li></ul>A number of Wall Street forecasters have been warning of a stock bubble as the market climbs to a series of fresh highs in 2024 — and investors worried about such a scenario should be putting their money in a handful of assets to protect themselves from the eventual bursting.That's according to David Rosenberg, a top economist and the founder of Rosenberg Research, who's been warning of a <a target="_blank" class="" href="https://www.businessinsider.com/stock-market-crash-outlook-prediction-strategy-to-invest-david-rosenberg-2024-3">potential craash in stocks</a> for months. In the past, he's warned of a <a target="_blank" class="" href="https://www.businessinsider.com/stock-market-crash-outlook-prediction-strategy-to-invest-david-rosenberg-2024-3">39% correction to stocks</a>, among the more extreme predictions on Wall Street, where most investors are feeling optimistic about a soft landing amid a robust economy and easing interest rates. "Watching the market these days is like watching a clown blowing up a balloon (or Chuck Prince dancing the ballroom), knowing the inevitable," Rosenberg said in a note to clients on Friday. "When this mega-bubble pops, it will be spectacular."Investors need to exercise caution and avoid following the "herd mentality," Rosenberg said, pointing to the fervor for mega-cap tech stocks. Instead, he said, investors should focus on stocks with strong business models, strong growth, and good prices, and add some "insurance" to their portfolios.Below are his top investment ideas for to prepare for the potential bursting of a market bubble. Healthcare and consumer staplesInvestors should gear their investments towards what people will always need in the future. In particular, Rosenberg recommended that investors pay attention to options in the healtcare and consumer staples sectors."Focus on where people are going to focus on what they need, not what they want," Rosenberg wrote. "Anything related to e- commerce, cloud services, and wiring up your home to become your new office has been in a budding secular growth phase."Utilities<a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/ai-stocks-to-invest-artificial-intelligence-data-center-energy-companies-2024-6">Utility stocks</a> also look promising. Other forecasters have predicted <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/energy-stocks-to-buy-utility-artificial-intelligence-data-center-bofa-2024-9">huge upside for utility firms</a>, due to the growing need for power and data centers stemming from the AI boom."Utilities, as we have been saying for a long time, are as close to a 'no brainer' as there is, given their yield attributes and their being re-rated for 'defensive growth' owing to enhanced earnings visibility through the strong and secular outlook for US power needs," Rosenberg said.Aerospace, DefenseAerospace and defense stocks could also be a buy, he added, given rising geopolitical tensions around the world."Aerospace/defense has been a long-standing bull call for us for several years, and the best hedge against an increasingly troubled world where military budgets are expanding everywhere — and not at all sensitive to who comes to power on November 5th."Big techWhile some areas of tech are exhibiting bubble characteristics, investors could still seize on opportunities in some large-cap tech names, given the prevalence of work-from-home, cloud services, and remote work, Rosenberg said. Still, investors should wait to scoop up tech names at better prices, he said."I'd prefer to pick these plays up at better prices than we have today because this last melt-up has eaten enough into future expected returns to keep us cautious for now. But we would be an avid buyer on any significant pullback."Safe betsInvestors should look to put a "dose of insurance" in their portfolios. That means gold — the "truest store of value," Rosenberg says, — as well as government bonds."The beautiful thing about gold is that it is not a liability that a central bank can simply have forgiven or a currency that can simply be printed by government fiat," he said of the precious metal. "I also favor the Treasury market because it commands just about the highest yield of any major industrial country – and with the great liquidity attributes."Real estate investment trusts could also be good ways to hedge risk, Rosenberg said. That particularly applies to REITs tied to the industrial and healthcare sectors. "In any event, we all have to become increasingly thematic and thoughtful in our decision-making and more selective than normal because the stock market, and financial assets in general, have become nothing more than a momentum casino," he added.Most forecasters on Wall Street still expect a strong performance from equities into year-end and 2025. Goldman Sachs, UBS, BMO, and Deutsche Bank have <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-targets-bull-market-goldman-ubs-bmo-2024-10">raised their year-end price targets</a> for the S&amp;P 500 in recent weeks, with new forecasts ranging from 5,750 to 6,400.

Here's where investors worried about a stock market bubble should put their money, according to a top economist

Foreign investors have withdrawn nearly Rs 20,000 crore from Indian stock markets in just five trading days (November 4–8), continuing a trend of large-scale selling that began last month. Experts say investors are now moving their money to China, largely due to the high valuations presently prevailing in Indian markets. In early November, FPIs have offloaded as much as Rs 19,994 crore in Indian markets. The month prior, i.e., October, was one of the worst months in terms of foreign outflows, with FPIs making a net withdrawal of Rs 94,017 crore. Before this, Indian markets faced such a situation during the pandemic, when FPIs withdrew Rs 61,973 crore from equities in March 2020. <h2>Why Are Investors Leaving? </h2>According to Himanshu Srivastava of Morningstar Investment Research India, two main factors are driving this exodus. First is China's renewed appeal due to lower stock valuations and new economic stimulus measures. In a bid to nudge the domestic economy and bail state governments, China recently approved a 10-trillion yuan (US $1.4 trillion) package. Per reports, approximately 60% of this stimulus focuses on allowing local governments to refinance the mountain of debt on them. Srivastava explains foreign investors are also flocking to US dollar and Treasury yields, which have appreciated significantly in the recent past, leading FPIs to anticipate a stronger US economy going ahead. Moreover, high valuations in Indian markets are discouraging foreign investors from putting more money in the economy. As a result, over the past week, the selling pressure eroded Rs 74,563 crore in market value for Reliance Industries, while Bharti Airtel and ICICI Bank lost Rs 26,274 crore and Rs 22,254 crore, respectively. The combined market valuation of six of the top 10 most-valued firms dipped by Rs 1,55,721.12 crore last week. <h2> Silver linings</h2>Despite the ongoing outflux of funds since last month, November also saw unprecedented applications of about 40–50 new FPI registrations, which are eyeing to enter the Indian market. This was due to markets SEBIs recent relaxation to NRIs, permitting them to participate up to 100% and announcing measures for ease of entry and operations in India. On the other hand, FPIs invested Rs 599 crore in the debt general limit and Rs 2,896 crore in the debt voluntary retention route (VRR) during the period under review. So far this year, FPIs have invested Rs 1.06 lakh crore in the debt market. <li class="whitespace-normal break-words"></li>Going ahead, investors will be looking for certain macroeconomic cues, which include corporate earnings reports, India's inflation (CPI) and industrial production (IIP) data on November 12, the US inflation report on November 13, and wholesale price index (WPI) data on November 14.

FPIs withdraw nearly Rs 20,000 crore from equities in the last 5 trading sessions, make a beeline for China and US

<ul class="summary-list"><li>The investment arm of the Mormon church revealed its stock holdings in a 13F filing last week.</li><li>The church has amassed a portfolio of individual stocks worth $55 billion.</li></ul>The Church of Jesus Christ of Latter-day Saints has an investment portfolio of over $100 billion that includes $55 billion invested in publicly traded stocks.The portfolio is registered with the Securities and Exchange Commission under the name Ensign Peak Advisors, and its <a target="_blank" href="https://www.businessinsider.com/mormon-church-settlement-allegations-hid-billions-investment-fund-2023-2">ties to the church</a> were largely unknown until just a few years ago.The portfolio wasn't revealed to the public until 2019, when a former Ensign Peak employee filed a whistleblower complaint, alleging that the fund shouldn't have tax-exempt status because it doesn't engage in any charitable activities.In a "60 Minutes" special last year, the whistleblower said the church's investment arm <a target="_blank" href="https://markets.businessinsider.com/news/stocks/mormon-church-hedge-fund-investment-charity-whistleblower-60-minutes-nielsen-2023-5?_gl=1*oj9kna*_ga*MTc1OTYzMjQ2Mi4xNjYxOTYxNTUx*_ga_E21CV80ZCZ*MTY4NDE3NzA0Ny4xMzIuMC4xNjg0MTc3MDQ3LjYwLjAuMA..">acted as a "clandestine hedge fund" disguised as a charity</a>.The church, widely known as the Mormon church, reports its stock holdings every quarter, and a recent 13F filing revealed its top holdings as of June 30.During the quarter, the fund added to its mega-cap technology stocks and bought more shares of Broadcom, which is the latest AI stock to enter its top 10 holdings.These are the church's top 10 stock holdings at the end of the second quarter, as well as the changes in each position.10. JPMorgan<div type="image" title="JPMorgan Chase &amp; Co." height="1000" width="2000" msid="112633095" hostid="261" sizebytes="60230"></div>Ticker: <a target="_blank" href="https://markets.businessinsider.com/stocks/jpm-stock">JPM</a> Market Value: $752.7 million Change in Shares: -131,104 (-3%)9. Eli Lilly<div type="image" title="FILE PHOTO: The logo of Lilly on a wall of Lilly France, part of Eli Lilly and Co, in Fegersheim near Strasbourg, France, February 1, 2018. REUTERS/Vincent Kessler" height="1750" width="3500" msid="112633100" hostid="261" sizebytes="257018"></div>Ticker: <a target="_blank" href="https://markets.businessinsider.com/stocks/lly-stock">LLY</a> Market Value: $807.5 million Change in Shares: -35,339 (-4%)8. Broadcom<div type="image" title="Broadcom" height="452" width="904" msid="112633094" hostid="261" sizebytes="23382"></div>Ticker: <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/avgo-stock">AVGO</a> Market Value: $842.2 million Change in Shares: +841,960 (+19%)7. UnitedHealth Group<div type="image" title="UnitedHealth Group logo" height="1000" width="2000" msid="112633102" hostid="261" sizebytes="65210"></div>Ticker: <a target="_blank" href="https://markets.businessinsider.com/stocks/unh-stock">UNH</a> Market Value: $858.3 million Change in Shares: +45,481 (+3%)6. Meta Platforms<div type="image" title="Meta sign" height="1000" width="2000" msid="112633106" hostid="261" sizebytes="102450"></div>Ticker: <a target="_blank" href="https://markets.businessinsider.com/stocks/meta-stock">META</a> Market Value: $1.63 billion Change in Shares: -112,945 (-3%)5. Amazon<div type="image" title="Amazon CEO Andy Jassy" height="1000" width="2000" msid="112633109" hostid="261" sizebytes="135614"></div>Ticker: <a target="_blank" href="https://markets.businessinsider.com/stocks/amzn-stock">AMZN</a> Market Value: $1.83 billion Change in Shares: -235,110 (-2%)4. Alphabet<div type="image" title="Google apps such as Gmail, Drive, Play Store, Maps, and Chrome are displayed on a smartphone with the Alphabet and Google logos visible in the background." height="1000" width="2000" msid="112633096" hostid="261" sizebytes="52000"></div>Ticker: <a target="_blank" href="https://markets.businessinsider.com/stocks/googl-stock">GOOGL</a> &amp; <a target="_blank" href="https://markets.businessinsider.com/stocks/goog-stock">GOOG</a> Market Value: $2.23 billion Change in GOOGL and GOOG Shares: -315,797 (-4%) and -377,083 (-10%)3. Apple<div type="image" title="One of the first customers to buy a new iPhone 7 in September 2016." height="1500" width="3000" msid="112633104" hostid="261" sizebytes="86294"></div>Ticker: <a target="_blank" href="https://markets.businessinsider.com/stocks/aapl-stock">AAPL</a> Market Value: $3.06 billion Change in Shares: -778,210 (-5%)2. Nvidia<div type="image" title="Nvidia logo with a shadow of a person on a laptop in front of it" height="2500" width="5000" msid="112633098" hostid="261" sizebytes="125960"></div>Ticker: <a target="_blank" href="https://markets.businessinsider.com/stocks/nvda-stock">NVDA</a> Market Value: $3.30 billion Change in Shares: -457,121 (-2%)1. Microsoft<div type="image" title="Microsoft store" height="1000" width="2000" msid="112633108" hostid="261" sizebytes="130406"></div>Ticker: <a target="_blank" href="https://markets.businessinsider.com/stocks/msft-stock">MSFT</a> Market Value: $3.41 billion Change in Shares: -404,472 (-5%)

The top 10 holdings of the Mormon church's $55 billion stock portfolio include a new AI stock

<ul class="summary-list"><li>Stocks had a day to remember after Donald Trump won back the White House.</li><li>Market veteran David Kelly believes Wall Street is overlooking a key economic risk.</li></ul>Markets are celebrating <a target="_blank" href="https://www.businessinsider.com/donald-trump-wins-presidential-election-race-2024-11">Donald Trump's election as president</a>, though the leading strategist at JPMorgan's multi-trillion asset management arm is not in the mood to party.US stocks had one of their best days in years and hit new records after Trump's resounding win over Kamala Harris in Tuesday's election. The S&amp;P 500, the growth-heavy Nasdaq Composite, and the small-cap heavy Russell 2000 rocketed between 2.5% and 5.8% higher on Wednesday.That broad-based equity rally didn't include bonds, which got shelled on Wednesday. Yields, which move inversely to bond prices, vaulted higher for US Treasuries across durations.Both of those moves make sense, said David Kelly, the global strategy chief at JPMorgan Asset Management, in an interview on Wednesday."If you have a Republican sweep, then Donald Trump can push through <a target="_blank" href="https://www.businessinsider.com/tax-cut-tariff-plan-outlook-presidential-election-scenarios-harris-trump-2024-10#big--and-small-business-owners">whatever tax bill he wants to in 2025</a>, pretty much," Kelly said. "There is potential for <a target="_blank" href="https://www.crfb.org/blogs/donald-trumps-proposal-lower-corporate-tax-rate-15">significant tax cuts</a>, and we know that has such a direct impact on corporate earnings — after-tax corporate earnings — that that is, logically, very positive for the stock market."But while Wall Street might cheer those tax breaks, Kelly warned that they could lead to higher inflation, one of Democrats' liabilities in this election cycle.Corporate tax cuts could have consequences, in Kelly's view, as he said they'd cause inflation to rise alongside the US national debt burden. That would be a major headwind for bonds, and stocks might also get dragged down.<h2 id="9ce813f5-aaa4-4439-aa03-ba3a4736747d">Tariffs could be a terrible outcome for stocks</h2>If one of Kelly's highest convictions hunches is correct, this market rally is in trouble anyway.The strategy chief has been adamant that higher tariffs — <a target="_blank" href="https://www.businessinsider.com/global-reaction-donald-trump-election-victory-tariffs-trade-disputes-2024-11">one of Trump's key proposals</a> — <a target="_blank" href="https://www.businessinsider.com/economy-outlook-tariffs-trump-trade-war-slowdown-jpmorgan-david-kelly-2024-10">would cripple the US economy</a> and endanger the global economic expansion."Tariffs are not a good idea," Kelly said at a late-October press event hosted by JPMAM. "It's kind of like a nuclear threat — the whole point is, if you actually end up using it, you kind of screwed up somewhere."Most economists condemn tariffs, which are taxes on imports, because they tend to lead to higher prices and lower economic growth. Kelly has said he'd have to <a target="_blank" href="https://www.businessinsider.com/economy-outlook-tariffs-trump-trade-war-slowdown-jpmorgan-david-kelly-2024-10">increase his inflation target and slash his long-term growth outlook</a> if Trump followed through on his tariff proposals, given that they'd almost certainly prompt counter-tariffs that would hurt US exporters as well."Retaliatory tariffs hurt growth in both countries and push up inflation in both countries," Kelly recently said. "They're actually sort of the magic stagflation elixir. There are very few things that will actually give you a stagflationary impulse, which both slows growth and increases inflation."A global trade war is a frightening possibility that now seems increasingly realistic. Paraphrasing Mahatma Gandhi, Kelly said that "a tariff for a tariff will make the whole world poor."On the campaign trail, <a target="_blank" href="https://www.pbs.org/newshour/economy/trump-favors-huge-new-tariffs-how-do-they-work">Trump teased aggressive tariffs</a>: a 60% tax on Chinese goods and as much as a 20% upcharge on all other imports. When asked whether there was any chance that those proposals could be effective, the strategy chief had a simple answer that he didn't hedge."No," Kelly said. "I'm not trying to be political at all. I thought this was consensus, actually. I thought the biggest people in favor of free trade was the Republican party."Kelly later added: "I challenge anybody to show me a long-term study which shows that tariffs actually do promote stronger economic growth or stronger job growth domestically because I've never seen it."<h2 id="15c4690f-5250-4143-8288-a419b887c658">Why tariffs should be taken with a grain of salt</h2>Although Kelly is far from alone in his antipathy to tariffs, it's worth noting that most of his counterparts are much less concerned about that part of <a target="_blank" href="https://www.businessinsider.com/donald-trump-election-victory-impact-investments-costs-housing-taxes-childcare-2024-11">Trump's economic agenda</a>.One exception is Tom Orlik of Bloomberg Economics, who's firmly in Kelly's camp. The economist said at a conference his firm hosted in early October that Trump's tariffs <a target="_blank" href="https://www.businessinsider.com/election-trump-harris-economy-inflation-stock-market-volatility-risk-orlik-2024-10">would cause "seismic shocks to the US economy"</a> by throttling growth and sparking inflation.But Chris Murphy, Susquehanna's cohead of derivatives strategy and a copanelist with Orlik, reasoned that <a target="_blank" href="https://www.businessinsider.com/election-trump-harris-economy-inflation-stock-market-volatility-risk-orlik-2024-10">Trump could always back away from tariffs</a> if the market reacted poorly to his proposals. Besides, Wall Street is far from frightened right now.Sean Gallagher, the global head of Lazard's small-cap equity platform, made a similar point in a recent interview with Business Insider when asked about Trump's tariffs and Kelly's stance."Often with Trump, the rhetoric and reality are not the same," Gallagher said. He added: "I don't know if all this rhetoric is going to match what's going to actually happen."The small-cap maven described himself as a free-market aficionado who's generally opposed to tariffs, including the ones that Trump outlined during his campaign. He said he'd prefer to avoid them, and he ventured that most Americans probably feel the same way.Ultimately, Gallagher thinks there will be some tariffs, though they may be more tempered than what Trump has floated. Inflation is a key reason Trump won, and he shouldn't forget that."We have to think about all the knock-on effects of tariffs, and his economic team will have to think about that as well," Gallagher said. "Trump's going to have to be, rightly, concerned about inflation. He's been talking about it too, how inflation's been a problem."Gallagher concluded: "We don't want to reignite inflation. I don't think anybody's for that."

A top mind at JPMorgan Asset Management sounds the alarm about an obvious economic red flag after Trump's resounding win, even as US stocks soar

<ul class="summary-list"><li>Elon Musk's net worth soared by about more than $30 billion on Thursday after Tesla stock surged 22%.</li><li>Tesla's third-quarter earnings exceeded expectations, boosting the company's market value by $153 billion.</li></ul>Elon Musk added more than $30 billion to his net worth on Thursday after <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-q3-earnings-elon-musk-profit-margins-guidance-2024-10">Tesla stock soared</a> following its <a target="_blank" class="" href="https://www.businessinsider.com/tesla-stock-tsla-earnings-call-report-live-updates-2024-10">third-quarter earnings results.</a>Shares of Tesla jumped 22% on Thursday, adding about $150 billion in market value as investors cheered the automaker's higher-than-expected gross margins, plans for a lower-cost vehicle in 2025, and Elon Musk's guidance of up to 30% growth in vehicle deliveries next year.The massive gain puts Elon Musk's total net worth at just over $270 billion, according to data from Bloomberg<a target="_blank" class="" href="https://www.bloomberg.com/billionaires/profiles/elon-r-musk/">.</a>Thursday's surge in Tesla stock solidifies Musk's position as the world's richest person, well ahead of other executives at the top of the list including Jeff Bezos and Larry Ellison. Musk's fortune is derived from his 13% stake in Tesla and about 304 million exercisable stock options from his 2018 compensation package, according to Bloomberg. Musk's entire Tesla stake is worth about $123 billion.Musk's second largest source of wealth is SpaceX. The billionaire owns about a 42% stake in the space exploration company with a total value of just over $80 billion, according to Bloomberg.Finally, Musk's ownership stakes in X, The Boring Company, Neuralink, and xAI are worth a combined $24 billion, Bloomberg estimates.

Elon Musk added over $30 billion to his net worth in a day on Tesla's post-earnings stock surge

<ul class="summary-list"><li>The stock market's eight-day winning streak snapped on Tuesday. </li><li>Labor data and Fed commentary this week are the next potential catalysts for further gains. </li></ul>US stocks traded lower on Tuesday, ending the S&amp;P 500's longest winning streak this year.While the benchmark index gained for eight consecutive days through Monday's trading session, momentum dissipated Tuesday as investors waited on central bank commentary to help boost the rally.A fresh market mover could come on Wednesday when the Bureau of Labor Statistics releases revised non-farm payroll data from April 2023 through March 2024. A large downward revision could pressure the Federal Reserve to pursue deeper interest rate cuts, <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/job-market-revisions-shake-up-fed-stock-market-this-week-2024-8">upending market expectations.</a>"Markets, having recently experienced a growth scare that led to concerns that the Fed is behind the curve, will be monitoring Wednesday's release of the benchmark revision to see if the market's initial reaction was, in fact, correct," LPL Financial strategist Quincy Krosby said. As of Tuesday, futures markets indicate 69.5% odds of a 25-basis point rate cut in September. 30.5% expect a 50-basis point reduction, <a target="_blank" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html">CME FedWatch Tool</a> data shows.Later this week, investors will also be eyeing the central bank Jackson Hole Symposium, where Fed Chairman Jerome Powell is scheduled to speak.Among individual stocks, <a target="_blank" href="https://markets.businessinsider.com/stocks/panw-stock">Palo Alto Networks</a> jumped over 8% on Tuesday due to estimate-topping results. The fiscal fourth quarter beat caused Wedbush Securities to raise its price target for the stock to $400. Here's where US indexes stood at the 4:00 p.m. closing bell on Tuesday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,597.12, down 0.2% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 40,834.97, down 0.15% (-65.56 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,816.94, down 0.33%</li></ul>Here's what else is going on today:<ul><li><a target="_blank" href="https://www.businessinsider.com/elon-musk-x-twitter-debt-financing-banks-2008-financial-crisis-2024-8">Elon Musk's Twitter takeover is the worst buyout deal for banks since the 2008 crisis</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/recession-outlook-hard-landing-economy-inflation-job-market-signal-slowdown-2024-8">A recession signal seen only four times in the past century is flashing</a>, veteran economist Steve Hanke said.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/commodities/negative-energy-prices-solar-panel-wind-europe-green-infrastructure-demand-2024-8">Negative prices are becoming a growing norm in Europe's power market</a>.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/currencies/us-dollar-price-outlook-2030-strength-dedollarization-fears-fed-rates-2024-8">5 reasons the dollar's strength isn't going anywhere this decade</a>, according to Ed Yardeni.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/commodities/china-ev-oil-demand-natural-gas-tesla-electric-vehicles-goldman-2024-8">Oil demand is slumping in China as EV adoption accelerates</a>.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?type=wti&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate</a> crude oil fell 1.44% to $73.3 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, slid 0.59% to $77.2 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Gold</a> inched higher by 0.35% to $2,512.95 an ounce.</li><li>The 10-year Treasury yield dropped four basis points to 3.818%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> rose 0.32% to $59,279.</li></ul>

Stock market today: Stocks snap the 9-day rally as investors gear up for key labor report

<ul class="summary-list"><li>Bill Smead warns of a stock market bubble made worse by the market's recent surge.</li><li>Smead compares current market conditions to past bubbles, citing high equity ownership.</li></ul>When Bill Smead took his first job as a broker at Drexel Burnham Lambert in 1980, his dad asked him to place a trade that would benefit from a Ronald Reagan win later that year.So he did, and after Reagan won, the investment jumped the day the results were announced — a continuation of the 29% rally that had endured since March of that year.Unfortunately for his father, however, that was as good as the returns were for the next 18 months.From November 1980 to July 1982, stocks entered a bear market, dragging the S&amp;P 500 down 27% as a recession gripped the US economy. That was despite the market's trailing 12-month price-to-earnings ratio sitting at a cheap 7.5 in 1980 versus a more expensive 24 today.While no two market environments are the same, Smead — the founder of Smead Capital Management — cites the example as a cautionary tale to investors who have eagerly jumped into stocks following the election of Donald Trump to a second term earlier this week.Just like Reagan, Trump touts a regulation-slashing, tax-cutting agenda that should boost the market in theory. But other factors are at play.Smead warns market conditions are setting the market up for dismal returns going forward, and that stocks are in a bubble only made more extreme by the so-called 'Trump bump' this week, which saw the Dow jump 3.5% in a day."You've got an expensive market that just exacerbated itself," Smead told Business Insider."It's a disaster waiting to happen," he continued. "We have put the icing on the financial euphoria cake and lit the candle on top."There is plenty of evidence that the market is historically expensive.For instance, <a target="_blank" class="" href="https://www.businessinsider.com/stock-market-crash-why-sp500-decade-weak-returns-goldman-jpmorgan-2024-11">Goldman Sachs said last month</a> that current levels of the Shiller cyclically adjusted price-to-earnings ratio (the dark blue line in the chart below) — rivaling prior bubbles — lead them to believe that the S&amp;P 500 will deliver 3% annualized returns over the next 10 years. That's less than the risk-free return that 10-year Treasury notes offer.<div type="image" title="cape ratio and forward returns" height="613" width="882" msid="115114980" hostid="261" sizebytes="46444"></div>Beyond valuations, however, Smead points to signs of historically high investor enthusiasm, like the level of household equity ownership. Stocks make up around 42% of all household assets at the moment, the highest level in history.Some of the most elevated levels of equity ownership came at the height of the dot-com bubble, the stock market top of 2007 before the Great Recession, and in 2021 before the market fell 25%.<div type="image" title="household equity ownership" height="450" width="1320" msid="115114974" hostid="261" sizebytes="23442"></div>Equity ownership levels also show that a lot of cash has come off of the sidelines, Smead said, a sign that dry powder may not be enough to help stave off a market decline. And much of the remaining funds in cash equivalents are held by Baby Boomers, who need the income and have too low of a risk profile to get back into stocks, he said.In recent months, Smead has said that investing icon <a target="_blank" class="" href="https://www.businessinsider.com/stock-market-crash-warren-buffett-dot-com-bubble-apple-smead-2024-9">Warren Buffett's behavior — significantly trimming his stock positions</a> and building a cash pile — resembles his approach leading up to the dot-com bust. Smead himself compared to the dot-com bubble earlier this week in a note, noting that chip giant Intel was added to the Dow Jones Industrial Average just four months before the peak in 2000. Dow Jones announced earlier this week that Nvidia would be added to the blue-chip index.<div type="image" title="intel stock" height="460" width="751" msid="115114977" hostid="261" sizebytes="13110"></div>In Smead's opinion, today's bubble is worse than the dot-com era because of how far-reaching it is."Back then, it was mainly tech that was egregious. This time, it's tech and almost anything growthy," he said. "I promise you, Costco wasn't trading at 53x earnings at the end of '99."He added: "Anybody that's been able to perpetuate their success trades at 30x-60x earnings."Goldman Sachs' Chief US Equity Strategist <a target="_blank" class="" href="https://www.businessinsider.com/sp500-outlook-next-decade-forecast-david-kostin-goldman-stocks-strategist-2024-11">David Kostin told Business Insider</a> in late October that the level of concentration in the largest stocks and the gap between their PE ratios and the rest of the market's were last seen to this degree during the dot-com bubble. Both measures are shown below.<div type="image" title="Goldman Sachs US equity market concentration" height="642" width="689" msid="115114988" hostid="261" sizebytes="44834"></div><div type="image" title="Goldman Sachs chart showing 10 largest stocks trading at 31x P/E compared to 19x for the rest of the market." height="730" width="882" msid="115114982" hostid="261" sizebytes="38416"></div>It's debatable whether or not stocks are in a bubble. Many bears, including Jeremy Grantham, have warned of significant downside over the last couple of years while the market has catapulted to all-time-highs on a strong economy, falling inflation, and optimism about AI.A fully Republican Congress next year may also provide enough fiscal stimulus through tax cuts to keep the rally going.But like Smead, Dave Sekera, a senior US market strategist at Morningstar, said on Wednesday that <a target="_blank" class="" href="https://www.businessinsider.com/trump-trade-election-investing-stock-market-strategy-sp500-valuations-morningstar-2024-11">investors should avoid making rash decisions amid the post-election rally</a> and that current valuations are still likely to impact returns. Morningstar's valuation model has the S&amp;P 500 more expensive right now than it has been during 80% of the time since 2010, Sekera said.In the short term, that might not matter. But over the next 10 years or so, as Goldman Sachs warned recently, valuations are likely to be a drag on returns, Smead said. And Smead's long-term track record is nothing to scoff at. Over the last 15 years, his Smead Value Fund (<a target="_blank" class="" href="https://markets.businessinsider.com/funds/smead-value-fund-investor-class-us83178c8819?miRedirects=1">SMVLX</a>) has beaten 97% of similar funds, according to <a target="_blank" href="https://affiliate.insider.com?h=f3d8d9acb3650494a8a05384eb83d68d8095d6aaddf214a8457abddb36fdffb7&amp;postID=672d01b7d057d3e5c5c92cf1&amp;postSlug=stock-market-crash-trump-trade-dot-com-bubble-sp500-smead-2024-11&amp;site=bi&amp;u=https%3A%2F%2Fwww.morningstar.com%2Ffunds%2Fxnas%2Fsmvlx%2Fperformance">Morningstar data</a>."You will not get rich from investing in the fourth huge financial euphoria episode in the last 100 years, in the S&amp;P 500," he said. "You will get poor, you will not get rich."

'A disaster waiting to happen': A top 3% investor warns the 'Trump bump' is the icing on the cake of a euphoric stock market bubble that's worse than the dot-com peak

You Searched For "top stocks of the day" and got 10 results

Stock market today: Tesla powers tech rally as Nasdaq snaps 5-day skid

Matthew Fox

Stock exposure hits 11-year high as investors expect US equities to be the top-performing asset in 2025, BofA survey says

Kelly Cloonan

Nifty, Sensex rallied around 1.5 % after Maharashtra election results, Experts noted short term rally

ANI

Here's where investors worried about a stock market bubble should put their money, according to a top economist

Jennifer Sor

FPIs withdraw nearly Rs 20,000 crore from equities in the last 5 trading sessions, make a beeline for China and US

BI India Bureau

The top 10 holdings of the Mormon church's $55 billion stock portfolio include a new AI stock

Matthew Fox

A top mind at JPMorgan Asset Management sounds the alarm about an obvious economic red flag after Trump's resounding win, even as US stocks soar

James Faris

Elon Musk added over $30 billion to his net worth in a day on Tesla's post-earnings stock surge

Matthew Fox

Stock market today: Stocks snap the 9-day rally as investors gear up for key labor report

Filip De Mott

'A disaster waiting to happen': A top 3% investor warns the 'Trump bump' is the icing on the cake of a euphoric stock market bubble that's worse than the dot-com peak

William Edwards

Popular Keywords

Buying Guides