A super slide for stocks, bonds, and cryptocurrencies rolled all the way into last week, right up until Friday, when the Nasdaq posted its strongest one-day gain since November of 2020. Despite Friday's gains, the major averages posted losses for the week, with the Dow closing down more than 2% and posting its first seven-week losing streak since 2001. The S&P 500 fell 2.5% and hit its longest weekly losing streak since 2011, while the Nasdaq fell 2.8%. It's been a rough, rough year across capital markets. A full $35 trillion in global market value has been erased since the beginning of the year. That's 14% of all global wealth, including a trillion dollars of losses in cryptocurrencies. To put those losses in perspective, 2008 saw a 19% decline in global market value, and that doesn't include non-financial assets such as housing. Still, perspective is everything, especially for investors who have been invested in the U.S. stock market for at least five years. Believe it or not, … [Read more...] about Keeping it Real with Real Vision’s Raoul Pal
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Share to Twitter Share to Linkedin Tiaras have again regained their popularity in both popular culture and in the more rarified setting of auction sales where collectors throughout the world are paying increasingly higher prices for these objects of royalty and aristocracy. To mark Queen Elizabeth’s Platinum Jubilee celebration, Sotheby’s London will open the largest tiara exhibition staged in the UK in 20 years. The exhibition will feature approximately 50 tiaras of aristocratic and royal provenance, with some pieces to be exhibited publicly for the first time. Virtually all the tiaras in the exhibition were made for and owned by British nobility and together they offer a comprehensive review of all major tiara design styles, Sotheby’s said in a statement, including the Napoleonic Empire, Romantic Naturalism, Belle Epoque, Art Deco, Modern and Contemporary designs. The exhibition will be open to the public May 28 – June 15. Several tiaras in the … [Read more...] about Princess Diana’s Wedding Tiara Headlines Sotheby’s Expansive Tiara Exhibition
One potential risk factor is that things can turn adverse if we see a rapid increase in interest rates. (Representational image: Umit Yildirim via Unsplash) Everyone knows the superstars of Mumbai real estate. One of my constant endeavours, however, has been to discover the hidden gems or rising stars of Mumbai real estate. They are not easy to find. For starters, most of these developers operate conservatively on a limited scale. They primarily operate in a narrow micro-market. Their marketing spends are minimal. The marketing content they create and highlight is often not disruptive enough to get noticed. Most of them do not do products that dazzle. My own experience of visiting projects by this category of developers has been largely uninspiring. Last week I had the opportunity to interact with a variety of developers at a conclave organized by the Brihanmumbai Developers Association. The association comprises small and mid-size developers primarily focused on the western … [Read more...] about Mumbai real estate: Is it the return of the Underdog Builder?