Barclays rains on the equity market parade
Breakfast with Benjamin: Barclays warns on stocks. Plus: Gold finds some safe-haven love; how the Fed is off target; Argentina uses social media to attack creditors; Nasdaq's version of déjà vu; and what people buy when money is no object.
- Barclays puts the breaks on the S&P by calling for a 1% gain for the rest of the year. And that’s the good news. Equity price gains will weaken to 3% over the next decade
- Gold gains momentum as a safe-haven play just as stocks turn on the jets for another leg up. It is risk-on and risk-off at the same time. Hedging the bets
- The Fed’s focus on inflation could be overlooking the risk of deflation. A case for how the Fed is getting it all wrong. There will be plenty of time to hike rates after the next recession
- Argentina’s president takes to Facebook to call hedge fund creditors nasty names. We’ll call this how not to negotiate with creditors. “The main thing with vulture funds is that they don’t want a solution.”
- Nasdaq’s déjà vu. It’s 2000 all over again but oddly different. Dark clouds hanging over the party
- What billionaires collect because they can. Steve Ballmer buys the Clippers, but Bill Gates prefers Da Vinci. Paying $2.1 million for a photo of Billy the Kid
Learn more about reprints and licensing for this article.