World stocks riding high on fresh market data
Breakfast with Benjamin: Stocks around the world are rallying. Plus: New rules and regs are not helping investors, the psychological impact of low volatility, investing in consumer spending, and toast tries to become gourmet dish. Toast.
- Global equity markets ride high on Japanese growth and U.S. jobs data. Keeping those fingers crossed for earnings to follow suit. Not quite the recovery that was predicted, but it’ll do
- The flood of new rules and regs since the financial crisis have done little to protect actual investors. Fees and commissions are still out of control and anyone can adopt the ‘financial adviser’ title. Younger generations would rather visit a dentist than talk to a banker
- Low volume and low volatility are providing investors with a false sense of security, and it’s also kind of boring. The psychological downer of having stock market volatility at 2007 lows
- Consumer spending in May hit its highest level since 2008, which should be good news for select market sectors. G-III Apparel Group (GIII), Omega Protein (OME), and Revlon (REV)
- Toast emerges as the next over-priced gourmet dish. Yes, toast, for $11. Why didn’t I think of that? Untoasted bread is so 2013
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