speculation

High stock valuations drive investments and innovations, which drive productivity and earnings, supporting even higher valuations.

As much as we are fundamentally driven analysts, we must acknowledge that markets need good stories to thrive.

Beauty may be in the eye of the beholder, but stocks have absolute values.

This gamification is not necessarily bad.

Not surprisingly, there is significant controversy surrounding Bitcoin.

Gold has been a traditional store of value and hedge against inflation as well as economic-geopolitical uncertainties for thousands of years — and a strategic asset in many diversified portfolios, including those of central banks.

While most stocks have rebounded from their earlier lows, there is no doubt that the biggest of gains are focused on select sectors, notably technology and healthcare.

We understand why brokers continue to promote glove maker stocks — they are big, liquid companies that can generate substantial business volumes. Will their share prices go higher? Probably.

The reality is that, while earnings and cash flow determine stock prices in the long run, short-term prices are driven by demand and supply.

HONG KONG (July 3): Chinese banks were seen selling dollars after the yuan weakened past a key level, stoking speculation that authorities were seeking to slow the losses.