Latest news with #Gross
Business Insider
2 days ago
- Business
- Business Insider
Buy stocks, sell bonds: How billionaire investor Bill Gross says investors should play an unpredictable market
Bond King Bill Gross says he's not very bullish on Treasurys. Gross is more optimistic about stocks, eyeing a "little bull market." He thinks the 10-year Treasury yield will struggle to fall much further from current levels. The "Bond King" shared his take on both markets this week in a post on X, predicting a "little bull market" for stocks and a "little bear market" for bonds. In his view, the 10-year Treasury yield isn't likely to dip below 4.25% soon, highlighting inflationary trends and deficit concerns. The yield on Tuesday was up slightly by about one basis point to 4.31%. Gross sees more strength in the equity markets and maintains that stocks are likely to continue rising. He cites support from the tech sector, specifically artificial intelligence companies, as a likely growth driver. Tech stocks are enjoying continued momentum, with the Nasdaq 100 index closing at a record high on Tuesday as markets cheered the Israel-Iran ceasfire. Major chip companies with high AI exposure, such as Nvidia, Advanced Micro Devices, and Broadcom, have all trended upward despite the high uncertainty generated by geopolitics in recent weeks. Gross's thesis is for AI to support economic growth of 1%-2%. Regarding bonds, he said "deficits/ensuing supply of bonds/and a weak dollar should keep CPI from falling below 2.5% and the 10 year from falling below 4.25%." As Treasurys are a lending benchmark for many consumer products, Gross's predictions for yields to remain elevated could complicate plans for everyday Americans. If yields remain stubbornly high, homebuyers looking for lower mortgage rates could be disappointed.
Business Insider
3 days ago
- Business
- Business Insider
Buy stocks, sell bonds: How billionaire investor Bill Gross says investors should play an unpredictable market
Billionaire investor and former Pimco co-founder Bill Gross has a cautious outlook on the bond market, but see continued strength ahead for stocks. The "Bond King" shared his take on both markets this week in a post on X, predicting a "little bull market" for stocks and a "little bear market" for bonds. In his view, the 10-year Treasury yield isn't likely to dip below 4.25% soon, highlighting inflationary trends and deficit concerns. The yield on Tuesday was up slightly by about one basis point to 4.31%. Gross sees more strength in the equity markets and maintains that stocks are likely to continue rising. He cites support from the tech sector, specifically artificial intelligence companies, as a likely growth driver. Tech stocks are enjoying continued momentum, with the Nasdaq 100 index closing at a record high on Tuesday as markets cheered the Israel-Iran ceasfire. Major chip companies with high AI exposure, such as Nvidia, Advanced Micro Devices, and Broadcom, have all trended upward despite the high uncertainty generated by geopolitics in recent weeks. Gross's thesis is for AI to support economic growth of 1%-2%. Regardin bonds, he said "deficits/ensuing supply of bonds/and a weak dollar should keep CPI from falling below 2.5% and the 10 year from falling below 4.25%." As Treasurys are a lending benchmark for many consumer products, Gross's predictions for yields to remain elevated could complicate plans for everyday Americans. If yields remain stubbornly high, homebuyers looking for lower mortgage rates could be disappointed. Despite the unpredictable nature of the current economy, Gross adds that for now, he doesn't see anything "too dramatic" happening in either the stock or bond market.
Yahoo
3 days ago
- Business
- Yahoo
Gross predicts little bull market for stocks, bear for bonds
-- Billionaire investor Bill Gross shared his market outlook on Tuesday through a post on social media platform X, offering predictions for both stock and bond markets. Gross noted that historical research shows the U.S. 10-year Treasury has typically traded at the Consumer Price Index (CPI) plus 175 basis points. With inflation currently at 2.5%, this formula would put the 10-year Treasury yield at approximately 4.25%. The investor, known as the "Bond King," explained that while this relationship reflects historical patterns, current economic factors could maintain this level going forward. He specifically cited budget deficits, the resulting supply of bonds, and a weak dollar as factors likely to keep inflation from dropping below 2.5% and the 10-year Treasury yield from falling below 4.25%. Regarding equities, Gross observed that stocks are currently dominated by artificial intelligence themes and continue to suggest economic growth of 1-2%, despite challenges from tariffs and geopolitical tensions. "I suggest a 'little bull market' for stocks and a 'little bear market' for bonds. Nothing dramatic either way for now," Gross stated in his social media post. Related articles Gross predicts little bull market for stocks, bear for bonds Solar stocks surge after Senate Republicans hint at tax credit changes OpenAI designs rival to Office and Workspace, The Information reports Sign in to access your portfolio
GMA Network
4 days ago
- Entertainment
- GMA Network
'How to Train Your Dragon' holds top spot in N. America box office
LOS ANGELES, California - "How to Train Your Dragon," a live-action reboot of the popular 2010 animated film, set the North American box office ablaze again in its second week, industry estimates showed Sunday. The family-friendly film from Universal and DreamWorks Animation tells the story of a Viking named Hiccup (Mason Thames) who strikes up a friendship with Toothless the dragon. Its $37 million haul was enough to beat out Columbia Pictures' zombie sequel "28 Years Later," which took in $30 million despite coming nearly two decades after the last release in the trilogy, "28 Weeks Later." "This is an excellent opening for the third episode in a horror series," said David A. Gross of Franchise Entertainment Research. "The weekend figure is above average for the genre, and pending final numbers it's approximately three times the opening of the last episode." Critics' reviews and audience ratings have been strong for the Danny Boyle-directed threequel, which picks up -- as the title suggests -- more than a generation after the initial outbreak of the Rage Virus. "The long layoff has had no negative impact; in fact, it's given the sequel time to add a new younger age group to the audience," Gross added. Perhaps the biggest surprise of the weekend was the poor performance of Pixar Animation's "Elio," which limped into third place with $21 million in ticket sales, on a $150 million budget. Gross said that while the tally would be respectable for most animation studios, it was the lowliest theatrical debut in Pixar's history -- despite excellent reviews. Disney's "Lilo & Stitch," another live-action remake, added $9.7 million in its fifth week, extending a triumphant run for the film about a Hawaiian girl (Maia Kealoha) and her blue alien friend (Chris Sanders). The fourth-placed entry has now grossed a whopping $910 million worldwide, according to Exhibitor Relations. In fifth place -- and also in its fifth week -- is "Mission: Impossible -- The Final Reckoning," the latest, and supposedly final, entry in the hugely successful Tom Cruise spy thriller franchise. The Paramount film took $6.6 million in North America, pushing it to $540 million worldwide. Rounding out the top 10 were: "Materialists" ($5.8 million) "Ballerina" ($4.5 million) "Karate Kid: Legends" ($2.4 million) "Final Destination: Bloodlines" ($1.9 million) "Kuberaa" ($1.8 million) — Agence France-Presse
Express Tribune
4 days ago
- Entertainment
- Express Tribune
New 'Dragon' scorches competition again
How to Train Your Dragon, a live-action reboot of the popular 2010 animated film, set the North American box office ablaze again in its second week, industry estimates showed Sunday. The family-friendly film from Universal and DreamWorks Animation tells the story of a Viking named Hiccup (Mason Thames) who strikes up a friendship with Toothless the dragon. Its $37 million haul was enough to beat out Columbia Pictures' zombie sequel 28 Years Later, which took in $30 million despite coming nearly two decades after the last release in the trilogy, 28 Weeks Later. "This is an excellent opening for the third episode in a horror series," said David A Gross of Franchise Entertainment Research. "The weekend figure is above average for the genre, and pending final numbers it's approximately three times the opening of the last episode." Critics' reviews and audience ratings have been strong for the Danny Boyle-directed threequel, which picks up - as the title suggests - more than a generation after the initial outbreak of the Rage Virus. "The long layoff has had no negative impact; in fact, it's given the sequel time to add a new younger age group to the audience," Gross added. Perhaps the biggest surprise of the weekend was the poor performance of Pixar Animation's Elio, which limped into third place with $21 million in ticket sales, on a $150 million budget. Gross said that while the tally would be respectable for most animation studios, it was the lowliest theatrical debut in Pixar's history - despite excellent reviews. Disney's Lilo & Stitch, another live-action remake, added $9.7 million in its fifth week, extending a triumphant run for the film about a Hawaiian girl (Maia Kealoha) and her blue alien friend (Chris Sanders). The fourth-placed entry has now grossed a whopping $910 million worldwide, according to Exhibitor Relations. In fifth place - and also in its fifth week - is Mission: Impossible - The Final Reckoning, the latest, and supposedly final, entry in the hugely successful Tom Cruise spy thriller franchise. The Paramount film took $6.6 million in North America, pushing it to $540 million worldwide. afp
