Known as the “Presidential Predictor,” the longstanding stock-market-based indicator method has successfully forecast the outcome of 21 of the past 24 elections. The S&P 500’s prediction is not without skeptics. Some experts like Cordell Eminent Scholar Jay Ritter caution that
Stories by Allison
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A week before the election, DJT stock surges amid Trump’s rise in the betting markets
Shares of former President Donald Trump’s social media company rose nearly 9% Tuesday to $51.51 in a rollercoaster trading session that saw the stock halted several times due to extreme volatility. Cordell Eminent Scholar Jay Ritter explains why in these
Trump Media stock soars nearly 200% as momentum traders ride its coattails to chase major returns
Despite its recent rally, TMTG’s financial performance has been lackluster. In the first half of this year, the company reported losses of $344 million on revenues of $1.6 million. However, over the last few weeks the stock’s momentum could have
‘DJT’ is booming. Here’s why other SPAC stocks haven’t been so lucky.
A surge of companies decided to go public via SPAC mergers in 2020 and 2021. Since then, not so much. Cordell Eminent Scholar Jay Ritter shares his insight in this story from MarketWatch.
Florida’s new condo laws recognize the total price of living on the beach
Nearly a million Florida condo owners face an important deadline at the end of the year. That’s when a law passed in 2022 requires most Florida condo associations to submit inspection reports for their buildings and to collect money from
Lower rates, surging stock market fail to ignite US IPO market
Public listings on Wall Street have seen a slow comeback in 2024 despite a resilient US economy, a long-awaited interest rate cut by the central bank and stock valuations hitting record highs. Experts like Cordell Eminent Scholar Jay Ritter say
US IPO market picks up steam as election looms
The US IPO market is seeing renewed momentum as the 2024 presidential election approaches, with investors and analysts eyeing potential opportunities ahead. This resurgence follows a prolonged period of stagnation, sparking confidence that the market is turning a corner. “In the
Trump Media stock mysteriously plunges
There did not appear to be any new developments or announcements that would explain the sudden plunge. But Trump Media is a notoriously volatile stock. Cordell Eminent Scholar Jay Ritter comments on the latest movement of the stock. Read what
Investment banking is making big bucks right now
Morgan Stanley is one of many banks that have been reporting quarterly results over the last few days. Investment bankers earn revenue is by helping corporations raise money, either through debt or equity. In terms of equity, IPOs have been
Some warning lights are flashing red for UK shares
Usually a positive person, journalist James Beard explains why he’s becoming increasingly pessimistic about the short-term outlook for UK shares. Insights from Cordell Eminent Scholar Jay Ritter inform this story from The Motley Fool.
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