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Monthly Archives: September 2019

As growth stocks fall out of favor, traders say Disney may still surge

Growth stocks are falling out of favor this month. The IVW growth ETF has gained 1% in September, less than a quarter of the rise seen on the IVE value ETF. Some of Wall Street’s favorites this year have also been left out in the cold — Chipotle, Starbucks, PayPal, …

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Gold may be flashing some danger signals, traders warn

Gold may not be looking so shiny after all. The GLD gold ETF, which tracks the commodity’s price, is down more than 2% in the past two weeks after a red-hot summer. Ari Wald, head of technical analysis at Oppenheimer, said the drop could continue. “We’re of the view that …

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Richard Conrad, Briefly a Bel Canto Star, Dies at 84

Richard Conrad, a tenor who was plucked from obscurity by the acclaimed soprano Joan Sutherland to take part in a landmark 1963 recording, and who later overcame a throat injury suffered in an assault and found a successful third act producing lesser-known operas, died on Aug. 26 at his home …

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You now need to make $350,000 a year to live a middle-class lifestyle

Here’s a sad reality: In order to raise a family in an expensive coastal city like San Francisco or New York, you’ve now got to make $350,000 or more a year. You can certainly live on less, but it won’t be easy if your goal is to raise a family, …

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Post Malone Smears All the Genres Into One (Emotions, Too)

Post Malone is a melodically gifted misanthrope with a voice that always sounds like it’s running away. If Drake has been the architect of the last decade’s pop evolution, Post Malone has been its savviest adopter, making ethereal post-rap pop songs that sound inevitable, and also evanescent. “Hollywood’s Bleeding,” the …

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Here’s how many people tapped a retirement plan to buy their house

Tony Anderson | DigitalVision | Getty Images Some people will do just about anything to buy their first home. Just under 10% of homeowners surveyed by Bankrate.com, a personal finance website, said they took out money from their retirement savings to help cover the down payment and closing costs on …

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JP Morgan’s market guru say his ‘once in a decade’ trade is upon us

Marko Kolanovic Crystal Mercedes | CNBC J.P. Morgan’s chief quant says the big rotation into value names should continue, and that stocks should move higher into October, and beyond, especially if the U.S.-Chinese trade talks go well. Marko Kolanovic, global head of the macro quantitative and derivatives strategy team at …

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Kiran Nagarkar, Novelist Who Chronicled Mumbai Life, Dies at 77

Kiran Nagarkar, an Indian writer whose celebrated novels and plays addressed subjects like 16th-century Rajasthani royalty, the life of the working poor in Mumbai and religious fundamentalism, died on Sept. 5 in a hospital in Mumbai. He was 77. His longtime partner, Tulsi Vatsal, said the cause was a cerebral …

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Here’s how to play the massive transformation taking place in the stock market

Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE) on August 6, 2019. Drew Angerer | Getty Images Value is seeing the light of day finally. A huge rotation out of momentum stocks is underway as investors pile on bets …

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DoubleLine’s Jeff Sherman warns against buying Treasurys, likes gold

Jeffrey Sherman Adam Jeffery | CNBC DoubleLine Capital’s Jeffrey Sherman believes the August rush into Treasurys may have been overdone and said that those worried over a potential economic slowdown in the U.S. may be better served buying gold. Sherman, who serves as DoubleLine’s deputy chief investment officer, said in …

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