‘We shun most stocks’ amid unrealized recession risk

James G. Cole

The world’s largest investment manager is avoiding the stock market and warning investors to do the same. Strategists at BlackRock’s (BLK) Investment Institute said in a note published Monday that the firm was shunning “most stocks” as monetary policymakers underestimate the severity of a potential recession that could ensue from […]

What Walmart sales and Rolex prices reveal

James G. Cole

This story was originally published on Tker.com. You might expect high-income households to fare relatively well during challenging economic periods. But they too are changing the way they spend as inflation eats away at purchasing power. Consider this anecdote about Walmart evolving customer mix (via CNBC): More high-income consumers, penny-pinching […]