Omega Advisors and billionaire investor Leon Cooperman says he’d like the SEC to explain why it hasn’t reacted to the rise of algorithmic trading.
The U.S. services sector expanded in the month of November, according to data released Thursday by the Institute for Supply Management.
Stocks plunged on warnings from the bond market that the global economy could be slowing, but strategists say it may be overreacting.
The perennial penchant for bullishness among Wall Street strategists has looked a little shaky of late, but that isn’t keeping them from their annual ritual of predicting another up year for stocks.
Bespoke studied what happens when short-term interest rates rise above longer-term rates and found that when the 3-year and 5-year spread inverts, as it did Monday, other spreads soon follow, and so does a recession.