Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Japanese designer Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," the Financial Times reported.China Politicsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
Stocks in Asia were tepid on Wednesday afternoon after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
The purchase confirms Apple's continued interest in self-driving car software, and it will bolster Apple's engineering ranks with additional employees who can build autonomous...Technologyread more
In falling markets, stock prices not only go down in price — they also go back in time, dropping to values first reached on the way up.
The stock market setback of 2016 has traveled farther back in time than most declines of similar magnitude. With the S&P 500's trip to and below 1,900 for much of January, it was knocking around levels first reached in early 2014. At the worst of the sell-off on Jan. 20 – when the index sank to 1,812, 15 percent below its 2015 high — the S&P reached a level first touched in December 2013.
This retreat has generated plenty of largely semantic front-porch arguments about whether it's still a bull market if no net progress has been made in nearly two years. But fewer are asking the more practical question: How would an investor have done over time by buying the market when it sat at the same level of nearly two years earlier?
Michael Batnick, director of research at Ritholtz Wealth Management, obliged my request to run the numbers on all prior instances when the S&P 500 was within 2 percent of its level from 21 months earlier, which is where it is now. There were only 44 prior instances since 1928 when this was the case, out of more than 1,000 rolling 21-month periods.