Dimon is making his own bet on a digital coin that could transform the global payments landscape: JPM Coin.Financeread more
The Dow slipped from a record high set earlier in the day after President Trump cast doubt on the trade progress between China and the U.S.US Marketsread more
The U.S. and China have restarted their trade talks, but signs are showing a deal could be even harder to reach now.Marketsread more
Facebook's David Marcus said at a Senate hearing Tuesday that U.S. sanctions could be at risk without financial services innovation.Technologyread more
Goldman Sachs' transition from the bank of choice for millionaires to a more inclusive, consumer friendly shop isn't cheap.Financeread more
KeyCorp said in an 8-K filing the fraud involves a "business customer" and was discovered "on or about" July 9.Banksread more
The Trump administration "will take a look" after billionaire investor Peter Thiel said the FBI and CIA should see if Chinese intelligence has infiltrated Google.Technologyread more
On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital...Retailread more
Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)....Real Estateread more
Expectations for lower interest rates and less fear about tariffs sent investors back into the market and set up what could be a profitable run ahead.Marketsread more
Johnson & Johnson vowed to defend itself against lawsuits alleging the company fueled the opioid crisis and that its namesake talc-based baby powder caused ovarian cancer and...Health and Scienceread more
Investors have been rewarded for following signals in credit and derivatives markets this year, and a new one recently started sending a buy signal for small-cap stocks, according to Fundstrat Global Advisors co-founder Tom Lee.
"I think a really strong message is coming to buy small caps, because when economic data picks up and credit eases, small caps almost always win," he told CNBC's "Squawk on the Street" on Monday.
In a note, Fundstrat pointed out that the quality spread between noninvestment credit rated BB versus CCC narrowed to 538 basis points over the last six months, something that has only happened three times in the last 25 years. When this happens, small caps have outperformed the 73 percent of the time and posted 13 percent absolute gains over the next six months.
Fundstrat notes that the relationship is somewhat intuitive because riskier assets tend to benefit when credit conditions ease.
Lending further momentum to small caps, the firm sees fiscal stimulus — particularly in the G-4 nations of Brazil, Germany, India and Japan — picking up after five years of fiscal drag. Coming at a time of ultra-accommodative interest rates, the stimulus will be particularly effective and boost stocks, in Fundstrat's view.
Lee said investors should also keep their eyes on the market's laggards.
"The industrial recession's ending, so you want to be more cyclical — tech, industrials, basic materials, energy," he said.
Heading into year-end, Lee said Fundstrat is still bullish but a bit conflicted, as the potential for an interest rate hike from the Federal Reserve and the presidential election raise the risk of higher volatility, he told CNBC.
Still, Fundstrat sees markets putting up further gains into year-end, as investors have a lot of money on the sidelines and therefore have dry powder to chase performance.