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Magnificent 7 Drive 54% Of Market Cap Gains In S&P 500 Since April Lows: 'The Market Cannot Survive Without Big Tech'
Thursday, June 5, 2025 - 3:46am | 1145As the market recovers from April lows, the heavyweights are back in action after a brief respite, with the Magnificent 7 stocks leading nearly 55% of the S&P 500’s market capitalization recovery. What Happened: “The Magnificent 7 alone have accounted for nearly 55% of the total...
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Trump Tariffs Strengthen Dollar, But Hedge Fund CEO Sees Impending Decline
Monday, February 3, 2025 - 5:46am | 1006As the U.S. dollar continues to strengthen following the imposition of tariffs by President Donald Trump, this prominent hedge fund manager is forecasting an inevitable devaluation of the dollar. What Happened: Kevin C Smith, founder and CEO of Crescat Capital, warns that the global economy is...
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Stock Market Update For The Week Ahead: 'A New Expansion'
Sunday, June 21, 2020 - 5:14pm | 1872Last Week In A Nutshell What Happened: The U.S. stock market “is discounting a new expansion phase of the economy at the same time as a major recession has only just begun,” said Kevin Smith, Crescat Capital’s chief investment officer. Remember This: “The survey-type...