Max Adams

2 days ago | businessinsider.com | Max Adams |Filip De Mott |Henry Blodget

2025-05-12T14:32:11Z 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. The Nasdaq 100 entered a bull market on Monday as stocks rallied on US-China trade progress.

2 days ago | businessinsider.com | Max Adams |Jennifer Sor |Henry Blodget

Stocks have recouped their losses since Trump's Liberation Day tariffs first tanked markets, with investors on Monday cheering a big de-escalation in the US-China trade war. Major stock averages surged at the opening bell as investors reacted to the progress on trade negotiations with China announced on Sunday. The S&P 500, which plummeted as much as 12% in the days following April 2nd, was up over 3% since tariffs first came into effect.

3 days ago | businessinsider.com | Max Adams |Jennifer Sor |Henry Blodget

The luxury market is losing a big customer: middle-class shoppers with money to burn. After years of YOLO spending during the pandemic era, middle-income households—defined by Pew Research Center as those in the US earning between $54,572 to $161,220 a year—are less keen on "aspirational" luxury. The global personal luxury goods market shrank 2% year-over-year in 2024, according to analysis from the consulting firm Bain & Company.

4 days ago | businessinsider.com | Max Adams |Filip De Mott |Henry Blodget

In a market dominated by shocking headlines and policy whiplash, seasonal mottos like the old favorite, "sell in May and go away," might need a rethink. After an unprecedented stretch of years for investors, marked by a pandemic, the highest inflation in four decades, and now a sweeping trade war, market strategists say seasonality has become much harder to predict.

5 days ago | businessinsider.com | Max Adams |Jennifer Sor |Henry Blodget

Gold's record-setting rally isn't close to being over, according to "Bond King" Jeff Gundlach. The DoubleLine Capital CEO predicted that the price of the precious metal could climb as high as $4,000 per ounce, a gain of 20% from Friday afternoon's price of around $3,345. Speaking to CNBC this week, Gundlach said tariff-related volatility is fundamentally changing the way traders view the precious metal, pointing to its 25% rally year-to-date.