The last time US stocks were this pricey relative to the debt market, the S&P 500 crashed 50%

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Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City.
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City.

Michael M. Santiago/Getty Images

Charlie Munger trashed crypto, warned AI hype seems overblown, and talked poker and donuts at a private event. Here's an inside look at his Zoomtopia keynote.

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Charlie Munger
Charlie Munger.

CNBC

Birkenstock will be valued at just under $9 billion as the sandal maker gets ready to make its stock-market debut via an IPO

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A Birkenstock shoe in
A Birkenstock shoe in "Barbie."

Warner Bros.

Israel ordered Chevron to shut down a major natural gas field, which could send prices spiking further just before winter

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The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore in February 2013 in Israel.
The Tamar natural gas production platform.

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US stocks jump as bond yields tumble after Fed officials hint rate hikes may be over

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nyse trader fed reserve

REUTERS/Brendan McDermid

US credit downgrade means junk sovereign bonds now outweigh AAA debt for the first time, Fitch says

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US Capitol building
Caution tape blows in the wind on the east front plaza of the U.S. Capitol Building on September 27, 2023 in Washington, DC. House Speaker Kevin McCarthy (R-CA) continues to have difficulty finding a legislative path that would prevent the federal government from partially shutting down at midnight on September 30 and would also not jeopardize his speakership.

Anna Moneymaker/Getty Images

A key corner of Wall Street is making its most bearish bet against stocks ever

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NYSE trader worried

Lucas Jackson/Reuters

Stocks are bottoming and the market is approaching the perfect buying opportunity for investors, Fundstrat says

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nyse trader
The S&P 500 will likely drop to 4,200, Fundstrat's Mark Newton predicted.

Spencer Platt/Getty Images

Home prices have soared so much that 98 out of 100 biggest US cities are overvalued relative to historical levels

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A row of homes under construction

Thomas Bullock/Getty Images

Argentine peso hits record low as Milei says 'it can't be worth excrement' while businesses oppose dollarization

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Argentina peso/dollar

Nora Mazzini

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