50 Years of Integrity at the Financial Accounting Foundation

About the author: John J. Brennan is chairman emeritus of Vanguard. He is the former chair of the Financial Industry Regulatory Authority and trustee and chair of the Financial Accounting Foundation. Back in the 1990s, I received a phone call from Arthur Levitt, chairman of the SEC. “Jack, I need you to serve your country,” … Read more

Stock Futures Flat After Market’s Mild Monday Drop

Text size Traders will be listening carefully to Fed Chairman Jerome Powell as he participates in the European Central Bank Forum Wednesday morning. SNEEZE Stock futures were relatively flat Monday evening after all three major indices dipped during trading hours. During the day, the S&P 500, Dow Jones Industrial Average and the tech-filled Nasdaq Composite … Read more

Best and Worst Spots in the US Housing Market, According to Lennar

Elias Stein Text size Jersey and Florida are hot. Austin and Seattle are not. On Tuesday, home builder Lennar ‘s co-CEO Richard Beckwitt on an earnings call provided a tour of US housing markets. “So far in June, new orders, traffic, sales incentives, and cancellations have worsened in many of our markets due to a … Read more

Best and Worst Spots in the US Housing Market, According to Lennar

Elias Stein Text size Jersey and Florida are hot. Austin and Seattle are not. On Tuesday, home builder Lennar ‘s co-CEO Richard Beckwitt on an earnings call provided a tour of US housing markets. “So far in June, new orders, traffic, sales incentives, and cancellations have worsened in many of our markets due to a … Read more

You’ll Know the Bear Market Is Nearing an End When Anxious Investors Push the ‘Panic’ Button

Text size SNEEZE This article originally appeared on MarketWatch. The end of the bear market is not close. That’s according to a contrarian analysis of stock market sentiment: The US stock market has not yet experienced the extreme pessimism seen at major bottoms. It may certainly feel like there’s plenty of pessimism and despair on … Read more

The IPO Market Has Gone Cold. Getting It Going Again Is Likely To Take Some Time.

Elias Stein Text size The queue for initial public offerings is long, over 300 companies long. But precious few are proceeding: By June 17, only 47 companies, valued at $ 4.6 billion, had undergone traditional IPOs in 2022—74% below the same period in 2021, notes Dealogic. Most of the 47 have been tiny. Larger IPOs, … Read more

Cryptocurrencies Are Down, But Don’t Count Them Out

Updated June 24, 2022 9:27 pm ET / Original June 24, 2022 9:15 pm ET Order Reprints Print Article Text size This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Crypto Endgame Isn’t Near Paulsen’s Perspective The Leuthold GroupJune 24: Cryptocurrencies have long been … Read more

Stocks Break Out. Will Recent Market Declines Restrain the Fed?

Text size A copper smelter in Jinhua, China. Copper prices, often a signal of where the economy is headed, fell 6% this past week. Top Photo / Sipa USA / Alamy The stock market has predicted nine of the past five recessions, economist Paul Samuelson famously quipped back in the 1960s. A half-century later, is … Read more

The 7 Worst Housing Markets in America, According to Lennar

Text size Rising mortgage rates are dragging on the housing market. Justin Sullivan / Getty Images Jersey and Florida are hot. Housing in Austin and Seattle is not, according to the co-CEO of the US’s second-largest home builder. Lennar (tickers: LEN, LEN. B) noted a slowdown nationally in housing on its earnings conference call Tuesday, … Read more

Stock Market Closed for Juneteenth, June Economic Data, and More to Watch This Week

Text size Uncredited US stock and bond markets will be closed on Monday in observance of Juneteenth. There will be a handful of earnings reports, annual shareholders meetings, and economic-data releases when investors return this week. Companies reporting quarterly results will include Lennar on Tuesday; FedEx , BlackBerry , spirit Darden Restaurants on Thursday; spirit … Read more