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The advance marks a sharp turnaround after years of underperformance versus large-cap peers.
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Call it the ‘Axios put': On average, stocks have been up more on Mondays in the second quarter than in recent years
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Asia stocks rise on upbeat China PMI; tech spurs bumper quarter Investing.comAsian Equities Climb as Tech Rebounds, Yen Weakens: Markets Wrap Bloomberg.comStocks surge in stellar quarter; dollar sinks gold and yen ReutersAsian shares follow Wall Street higher, while the Japanese yen hits a 39-year low against the dollar AP News
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HSBC strategists say persistent scrutiny of the artificial-intelligence trade could be met with surprise this year, if valuations of those stocks start to climb again.
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Pie, which spent the past year building quietly, is betting small businesses need help showing up in AI search the way they once needed help showing up on Google.
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These stocks are down as much as 74% this year. Tap into your inner contrarian.
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Main image:
WHAT are Republican lawmakers in politics to achieve? Not many years ago, at the peak of their outrage over Barack Obama''s economic stimulus package, 'balanced budgets' might have featured in the answer. But the frenzied passage of the Tax Cuts and Jobs Act through Congress has revealed the insincerity of the party''s fiscal moralising. Republicans in Congress do not oppose government borrowing when it suits them. Rather, the overarching policy objective that unifies them is cutting taxes—and damn the fiscal consequences. Following the passage of the tax bill through the Senate in the early hours of December 2nd, Republicans are on the brink of achieving their goal.On November 30th budget scorekeepers unveiled a forecast for how much extra economic growth the tax bill might spark: enough to pay for about one third of its $1.5trn cost. Previously, Republicans might have viewed this projection as a triumph. They have long pressed for budget forecasts to include such 'dynamic' effects (see blog). But the score briefly seemed to imperil the bill. It undermined the absurd claim, made by the Republican leadership and the Trump administration, that tax cuts would pay for themselves in full. No serious economist ever thought this credible. Yet the official score seemed to blow Republicans'' ...
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