Tuesday, December 7, 2021
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‘Way overdue for a correction’: Long-time bull Jim Paulsen delivers a 10% to 15% pullback forecast

The latest market setback may be a foreshock to a more serious downturn.The Leuthold Group's Jim Paulsen predicts a 10% to 15% pullback will rattle investors next year due to high valuations and less accommodative Federal Reserve policies."We are way overdue for a correction, and we're going to get

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Ray Dalio says cash is not a safe place right now despite heightened market volatility

Bridgewater Associates' Ray Dalio stood by his belief that cash is not the place to be despite the volatility in the markets triggered by the new omicron Covid variant."Cash is not a safe investment, is not a safe place because it will be taxed by inflation," the founder of

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It’s premature to turn bearish based on Covid omicron variant fears, Stifel’s chief economist suggests

While Wall Street is on alert as a new Covid-19 variant spreads, Stifel's chief economist is hesitant to change her economic outlook.Lindsey Piegza sees lockdown risks tied to omicron, but she suggests it's too premature to downgrade forecasts based on them."If in fact the variant comes into play and

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Massive inflation will likely push Fed to hike rates six times before 2024, Federated’s Phil Orlando predicts

A long-time market bull is tempering his outlook due to inflation.Federated Hermes' Phil Orlando expects the Federal Reserve will lift interest rates six times over the next two years to tame massive price increases from vehicles to shelter to food."Our best guess is that we will see two quarter

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Fed members ready to raise interest rates if inflation continues to run high, meeting minutes show

Federal Reserve officials at their meeting earlier this month expressed concern about inflation and said they would be willing to raise interest rates if prices keep rising.The committee that sets interest rates for the Fed on Wednesday released the minutes from the November session where it first signaled that

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Supply chain, cybersecurity and e-commerce stocks should shine through 2022, top money manager predicts

Bryn Mawr Trust's Jeff Mills is recommending stocks involved in supply chains, cybersecurity and e-commerce because they have "staying power."He credits the groups' capacity to insulate investors from the tug-of-war between growth and cyclical stocks.Mills' first pick focuses on companies helping supply chains."You're starting to hear a narrative of

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