Runaway inflation and rising interest rates are making bears out of investors and keeping stock markets under pressure this year. Despite sliding stock prices across the board, some billionaire money managers kept confidently buying as the market plunged in the second quarter of this year. Here's what you should know about three stocks that billionaire hedge-fund managers were buying while the overall stock market was tanking. Read More...
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‘Investors Should Consider Defensive Equities,’ Says JPMorgan; Here Are 2 High-Yield Dividend Names to Consider
Markets are up in recent sessions, and year-to-date losses have moderated somewhat. The NASDAQ, which has taken the hardest hits this year, is back above 12,200, although still down 22% this year. The S&P 500 has managed to climb back out of the bear market, is above 4,100 now, and its year-to-date loss stands at 14%. Neither index has really tested its June low again in the last two months, and recent trends are upwards. Writing for JPMorgan, global investment strategist Elyse Ausenbaugh gives
