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Bloomberg
Morgan Stanley Says Dollar Surge Tends to End in Crisis
(Bloomberg) — The US dollar’s recent rally is creating an “untenable situation” for risk assets including stocks, and in the past this kind of dollar strength has led to some kind of financial or economic crisis, according to one of Wall Street’s most vocal bears.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEWall Street Banks Prep for Grim China Scenarios Over TaiwanBank of England Says Paper B
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Bloomberg
Bank of England Still to Decide If It Will Comment on Pound
(Bloomberg) — Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEWall Street Banks Prep for Grim China Scenarios Over TaiwanStocks Fall; Pound Drops as BOE Fails to Reassure: Markets WrapInterpol Issues Red Notice for Terra’s Do Kwon, Korea SaysThe Bank of England has yet to decide whether to make a statement on market conditions following the collapse in the pound to its lowest ever level against t
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TipRanks
‘It Could Get Worse Before It Gets Better’: Carl Icahn Uses These 2 Dividend Stocks to Protect His Portfolio
After a grisly 1H22 which represented the stock market’s worst performance since 1970, the second half is shaping up to be a bit of a disappointment too. After clawing back some of the losses, it’s been onto the slide again with the S&P 500 almost back to the mid-June lows. The bad news, according to billionaire investor Carl Icahn, is that things could still get worse from here. “I think a lot of things are cheap, and they’re going to get cheaper,” said Icahn, pointing to the economic malaise,
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Bloomberg
Goldman and BlackRock Sour on Stocks as Recession Risk Rises
(Bloomberg) — Goldman Sachs Group Inc. and BlackRock Inc. are turning more bearish on equities for the short term, warning that markets are yet to price in the risk of a global recession.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapEverything-Selloff on Wall Street Deepens on 98% Recession OddsUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEWall Street Banks Prep for Grim China
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Bloomberg
Traders Who ‘Just Want to Survive’ Sit on $5 Trillion Cash Pile
(Bloomberg) — From stocks to bonds, credit to crypto, money managers looking for somewhere to hide from the Federal Reserve induced storm battering virtually every asset class are finding solace in a long reviled corner of the market: cash.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapWall Street Banks Prep for Grim China Scenarios
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Bloomberg
Stock Market Bear Recommends Going ‘a Little Bit Long’ on Stocks
(Bloomberg) — The broad selloff in risk assets is offering a buy signal to contrarian investors.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEWall Street Banks Prep for Grim China Scenarios Over TaiwanStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapInterpol Issues Red Notice for Terra’s Do Kwon, Korea SaysCount Dennis Gartman among them.The retired publisher of the long-running
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Bloomberg
Gold Rises From Two-Year Low as Dollar Slides After Record High
(Bloomberg) — Gold rose from its lowest level in more than two years, as the dollar slipped after hitting a fresh record.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapEverything-Selloff on Wall Street Deepens on 98% Recession OddsUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEWall Street Banks Prep for Grim China Scenarios Over TaiwanThe dollar’s advance stalled on Tuesday, pro
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Bloomberg
Nord Stream Says Damage to Gas Pipeline to Germany Unprecedented
(Bloomberg) — Nord Stream said the damage to its key pipeline to Germany is “unprecedented” and it’s impossible to say when flows could resume.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapEverything-Selloff on Wall Street Deepens on 98% Recession OddsUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEWall Street Banks Prep for Grim China Scenarios Over TaiwanIt’s the clearest sign
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Motley Fool
2 Growth Stocks That Could Help You Retire a Millionaire
Indeed, a bunch of investors are starting to think very defensively after watching the market tumble — again — on Wednesday following the Fed’s recent decision to again raise interest rates in an effort to combat inflation. As veteran investors can attest, though, the current market volatility is all going to be little more than a blip a few years from now, which is the timeframe nearly all of us should be thinking about as we navigate the market. With that as the backdrop, here’s a closer look at a couple of growth stocks that could still help you retire a millionaire despite the current turbulence.