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Jim Cramer just told retirees holding Nvidia and Apple to reconsider what "safe" actually means, and the math behind his argument is harder to dismiss than it sounds.
South Korea's KOSPI and Japan's Nikkei 225 led a broad Asian selloff on Friday as oil surged above $108 a barrel and US bond yields moved dangerously close to 5%, reviving concerns that inflation could force central banks to tighten further. The KOSPI dropped more than 2.5%, extending Thursday's weakness, while the Nikkei 225 tumbled about 2.8%.
The 30-year Treasury bond yield recently reached its highest level since 2007, sparking concern about a stock market sell-off. Long-term investors shouldn't worry too much about short-term moves in bond yields.
Brent crude stays above $100, S&P futures climb
The US Treasury will purchase up to $6 billion of longer-dated government debt in the first operation under an expanded buybacks program. It's part of Treasury Secretary Scott Bessent's effort to stem the rise in borrowing costs.
"Escalation is the word of the day" after the U.S. hit five Iranian oil tankers near the Strait of Hormuz. Kevin Hincks points to crude oil's steady rise near $96 Wednesday morning as the key metric to watch, a level not seen since early June.
US stocks may have further room to rise despite elevated valuations, as the earnings and productivity gains generated by artificial intelligence are not yet fully reflected in equity prices, according to HSBC's Willem Sels. According to Bloomberg, Sels, global chief investment officer at HSBC Private Bank and Premier Wealth, said investors remain skeptical about the sustainability of corporate earnings growth, particularly among technology and semiconductor companies.
The Trump administration's fiscal policy is at odds with its goals for interest rates and the bond market. Trump's latest trade threats raise the stakes for the economy.