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1 day ago | 
businessinsider.com | Max Adams |Christine Ji |Henry Blodget
Former JPMorgan chief market strategist Marko Kolanovic sees a stock market pullback in the cards, and the Trump-Musk feud could be one of the triggers that sets off a decline. Speaking on CNBC on Thursday, Kolanovic predicted a coming correction of 5%-10% that could be set off by a drop in Tesla's stock price. "It's a little bit of a sideshow. It's important for certain companies, and it can spill over," Kolanovic said of the president's fallout with Musk.
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1 day ago | 
businessinsider.com | Max Adams |Christine Ji |Henry Blodget
Ross Gerber said he is dumping more Tesla stock after Elon Musk's public falling out with President Donald Trump. The Gerber Kawasaki Wealth and Investment Management CEO told Bloomberg on Thursday that the Trump-Musk feud is a "disaster" for Tesla's CEO. Gerber ripped into Musk's erratic leadership style and the Tesla board's inaction. Tesla stock plunged as much as 18% on Thursday before clawing back some losses to end the day 14% lower. It was the worst day for the stock since March.
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1 day ago | 
businessinsider.com | Max Adams |Christine Ji |Henry Blodget
The bitcoin boom is drawing the attention of more companies, who are following Strategy's lead and piling up the token in their corporate treasuries. A growing list of firms have turned themselves into bitcoin holding companies recently, incorporating the top crypto in their balance sheets along with more traditional assets like cash and bonds.
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1 day ago | 
businessinsider.com | Max Adams |Christine Ji |Henry Blodget
Stablecoin issuer Circle saw its stock soar well into the triple digits in its stock-market debut on Thursday. Shares surged as much as 235% to an intraday high of $103.75. The stock pared the gains but still managed to end its first day of trading up 167%, closing at $82.84. Circle's IPO, underwritten by Wall Street giants like Goldman Sachs, JPMorgan, and Citigroup, is a fresh win for the stablecoin market.
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1 day ago | 
businessinsider.com | Max Adams |Christine Ji |Henry Blodget
Despite stock market jitters, Americans stayed the course with their retirement savings, and their grit through a period of intense volatility has paid off. While retirement savers saw a drop in average 401(k), 403(b), and IRA balances due to market volatility, they continued to contribute to their retirement accounts at record rates.
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2 days ago | 
businessinsider.com | Max Adams |Christine Ji |Henry Blodget
Investors looking for fresh stock ideas in a volatile market can draw some inspiration from Goldman Sachs' US Conviction List. Updated monthly, the list features 20 to 25 names curated by an investment committee led by Steven Kron, director of Americas Equity Research. It's not an easy task, especially when Goldman Sachs has roughly 1,200 US stocks in its coverage universe.
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2 days ago | 
businessinsider.com | Max Adams |Christine Ji |Henry Blodget
The US housing market has been brutal for buyers to navigate in the last few years, leaving house hunters wondering when conditions might ease. Goldman Sachs shared three predictions this week about where things may be headed. The bank updated its forecast for the path of mortgage rates, predicted the impact of Donald Trump's possible move to shake up mortgage finance giants Fannie Mae and Freddie Mac, and examined the possible effects of lower immigration on supply.
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4 days ago | 
businessinsider.com | Max Adams |Christine Ji |Henry Blodget
A part of the market once considered a classic "Trump trade" has been left behind by investors, but they might want to reconsider, Bank of America said. Enthusiasm for energy stocks has fizzled out among big investors, despite the president's mantra of "drill, baby, drill." According to Bank of America, large-cap active mutual funds have reduced their energy holdings the most out of any sector in the past three months, and hedge funds are shorting energy more than any other S&P 500 sector.
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4 days ago | 
businessinsider.com | Max Adams |Christine Ji |Henry Blodget
A recession might not be the worst thing for the stock market. In a new note, Mike Wilson, Morgan Stanley's chief US equity strategist and CIO, said a mild downturn could ultimately set the stage for a bullish run for US stocks, especially if it triggers rate cuts from the Federal Reserve and resets corporate earnings expectations. It's a surprising perspective. After all, a recession usually spells trouble for corporate profits, consumer spending, and investor confidence.
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5 days ago | 
businessinsider.com | Max Adams |Christine Ji |Henry Blodget
2025-06-02T15:34:56Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. JPMorgan warns S&P 500 gains could slow due to US-China trade tensions and stagflation.
