Investors still appear to be clinging to the idea that the Goldilocks economy and the bull market is alive and well, with profit growth not too hot to trigger inflation, but not too cold to cause a recession.“Does that really make any sense?” he wrote in his Real Investment Report over the weekend. “Particularly as we are looking at the longest expansion cycle in the history of the U.S.
With that in mind, Roberts, in our call of the day, offered up five moves to make now that you’ll appreciate later, when things turn dicey. The buzz There’s a bit of M&A news bright and early, with Fidelity National Information Services FIS FIS, -0.25% buying e-commerce and payments group WP, +10.36% WPY, +11.24% in a cash and stock deal that values the latter at $43 billion.
Donald Trump steps up in defense of Jeanine Pirro, whose program, without explanation from Fox, didn’t air in its regular Saturday time slot. Her absence, of course, followed anti-Muslim comments she directed last week toward Rep. Ilhan Omar. More to come on this front, no doubt. The quote “The middle class and capitalism are the gears that turned back Hitler and AIDS, and the lubricant for the middle class is education. We are now throwing sand in the gears of upward mobility for the middle class” — NYU professor Scott Galloway, chiming in on the college admissions scandal.
FUD
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